Very interesting post, Maverick. I know you were doing terrific with silver for a while and glad you cashed some out.
I was once deluded enough to imagine I was smart enough to figure all of this stuff out. I liked to boil things down to simple equations. I didn't get into granular details, but rather tried to see the big picture.
I did very well with my PM stocks--particularly silver--until JPM crashed it early in May, 2011. They illegally colluded and shorted to make that happen. Fortunately I did sell some of my physical in the $40s, but took a beating with the stocks and worse, getting leveraged with silver futures.
As to my big picture, I finally did see it and what I saw was massive rigging and corruption. I saw that things were far, far more rigged and corrupt than I realized. Not just with the markets, but everything--especially politics.
The Federal Reserve has got to end. Their debt money is madness. The QEs never really ended and Martin Armstrong called it correctly--he said the Dow was going to 20,000 when it was around 10,000. He knew that easy money would go into stocks, because of low interest rates and a bad bond market. So here we are--big government is still spending like drunken maniacs and the debt continues to climb--now to $22 trillion. The Fed can't raise rates because it would be the death nell of any economic rebound. They're pushing on a string. The bubble makers are, at the end, their own bubble. It needs to be popped. The Fed must be ended or their immoral system of money will end in and of itself. Maybe we'll see Bitcoin continue to rebound. Or gold and silver will finally break out of the bear market. People are desperate for alternative money systems--they want sound money. Gold and silver have worked in the past and they remain Constitutional money. We'll see.
Gold could go up naturally as fear continues to percolate over the widening divide in the country--red vs. blue...with the latter ramping up their shrill call for socialism, which has always been and always will be a disaster. Come to think about it, having some real money--gold and silver--in one's safe is starting to sound like a good idea again. That and ammo and freeze dried food, medicine, bottles of booze and so on.
I expected the big miners to buy out a lot of the struggling JVs. It has happened a tad, but not to the degree I expected. I also would rather buy US miners--Idaho silver miners, for example. (Yeah, I know this one is Canadian despite the name). It's hard to trust what could happen in other countries. Take Tahoe Resources, for example...nice resources but tenuous political circumstances.
Anyway, it's interesting to see how all of this will play out.
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