Its Over for the Gold Traders

Just a few months ago sentiment was high with the Fast Money traders all bullish on owning the precious metals and their mining shares. Traders were up astounding percentages from their remarkable lows at the beginning of this year. It seemed like there was no end to the inexorable rise of the most hated trade in market history.  Suddenly there was a shine to the gold trade again with the likes of Peter Shifty and Bill Fleckenoodle now allowed back on air to tout the greatest trade of the year. 

What happened? What went wrong? How could something so certain go so wrong? After all the studying you did to justify the fundamentals of investing in this sector only to have it shoved right back down your throat. You waited to invest in more shares after a 20% correction from their highs and they were hammered down another 30%. You were hammered senseless for being conservative. 

So what is your lesson? Don’t fight the Fed. Surely you know by now they don’t want the price of gold flashing red to their money printing scheme.  What else have you learned? How about we have a growing, improving economy now. We are adding jobs every month now. We have more part-time bartenders and waitresses than at anytime in our history. There is that slight problem with a 40 year high of working age Mericans (95M) that are no longer employed. Please ignore that. Please ignore also that wages are stagnant (but the price of chicken and hamburger are up 20 and 60% this year alone). By the way how is your health care premiums? Can you repeat after me …..”all is good”….

Again, HOW in the hell can you be so wrong on your trade? Just think. If you had invested in the SnP in Jan. instead of the Miners then you would be up 12% instead of 100-300% like many miners discussed here are right now from the lows in Jan. 

Oh wait……I get it …..You bought in AFTER they went up double and triple and now ya want your money back. LOL. You can’t Budfox this trade. You can’t whine you lost. You are in the most hated sector of the stock market and you thought they were gonna make this easy for you???? You thought the boyz weren’t gonna take some profit AND short you to hell for a few months while they stole your shares from you when you puked them up the last few weeks. It was gonna be easy wasn’t it? Like takin’ candy from a baby. Sure it was……….gl

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BIN NOTE: If by now you haven’t figured out that Facebook and Google are in cahoots with the corrupt government, then I feel for you, but for those who are well aware of the issues it’s high time you switched over to Seen.life. It is a website that is similar to Facebook but without all the censorship.