Replies to post #732 on Mining Sector Ideas

[gfp927z]

Bigworld, Thanks for the excellent info. Rinear's update shows just how fast the noose is tightening. 1984 is clearly coming, and the question is only the timeline. A sorry future for the world, but looks like society is destined to go into the gallows without much of a fight. They keep everyone divided and distracted so there will be no effective opposition.

I used to think that the full 1984 would only arrive for the younger generations, who are engineered to accept it, but looks like it's just a matter of a few years before the CBDC ushers in the Orwellian control grid.

Looking at the practical side, the idea of owning hard assets in order to avoid inflation and the prison of digital money makes sense. Using the vehicle of real estate / land seems less risky than relying too much on gold. They already banned ownership of gold (1933-1975), and this could easily happen again. As Rickards said, they need to herd everyone into a digital pen, and gold would be their enemy.

And even if gold ownership isn't banned, you would still have to convert it back into digital money (CBDC) in order to spend it. So there's no real way to avoid the digital prison, unless you go on a quasi underground barter system, ie gold for food,, which doesn't sound very feasible.

Owning silver and other precious metals would be a way to hedge the risks of an eventual gold ownership ban. Paid-for real estate / land still seems like the preferred vehicle though. Your new place on 3 acres seems like a great decision.




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[gfp927z]

Bigworld, >> We could simply power ahead. The powers that be, want this market higher <<

Looks like Rinear is right, and today's market action indicates the S+P 500 should continue up to test the July highs (4600). The RSI is now 71.5, so clearly in overbought territory, but the chart says we reach 4600, which means another 1.2% of upside to go. I figure we'll most likely see 4600 before the Thanksgiving break. What to do then will be the next question. I luckily boosted the stock allocation back up from 5% to 10% last week, so will probably take profits on 1/2, once the S+P 500 hits 4600. But then the RSI should be 73-74 range, so time to grab at least some profits.

What to do after that is another question. A lot of momentum right now, but there should be at least a modest pause/consolidation at 4600, or a bigger pullback. But who knows, after that it may just resume the upward trajectory for a while. So have to 'play it by ear'. Even with the market so near term overbought, shorting seems especially risky right now due to all the momentum, and the fact that, as Rinear said - 'The powers that be, want this market higher'. So probably best to 'not fight the tape / Fed' too much.

Btw, I'm going to look into subscribing to Rinear's newsletter, not only for his market commentary, but also for his other valuable info and insights. Post more of his stuff if you can. Thanks :o)




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[gfp927z]

Gold back up to 2000, and with the Fed done tightening and now in neutral, the dollar can weaken and thus help the metals. The long term gold chart looks clearly bullish, having formed a decade long cup + handle, with 2000 as the breakout level. Rickards has said that eventually gold breaks out, and 2000 will become key support instead off key resistance. And after that, gold finally gets to elevate in earnest. Of course the US/West price suppression mechanism is presumably still in effect, but with the BRICS countries moving toward gold, the price suppression may eventually cease to be as effective.



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[gfp927z]

With the stock market, it's good to see a pause today since the RSI was getting dangerously high (71.5). Some consolidation should help give this move another push to reach the 4600 level (July high). After that, will have to re-evaluate.

I've been figuring on taking profits when we reach 4600, with 1/2 of the stock allocation (5%), while leaving the other 5% invested. Then after the pullback, will re-enter back up to 10%, but will see how things play out. Anytime the RSI gets to 75 or more, it's usually safe to take long profits since a pullback is almost always forthcoming, and you can re-enter lower.

Trying to play the short side, as you are doing, would require being even more nimble imo, especially using 3X, which is a relatively short term vehicle. For longer term bearishness (4th Turning), just sitting in cash would seem best, with maybe an occasional well timed 1X short here or there. 3X is the 'nuclear option', and should be held in reserve and only rarely (if ever) used (imo).



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