Its The Real Deal..its A Breakout

The gold tell are the breakouts in every major currency that is currently occurring. Its global and its clean. Its on the weekly and monthly. Its on volume and its being completely ignored by retail. So what happens if its a beatdown this week? There should be a beatdown but many miners are forming bull flags. It’d be healthy if there were a beatdown. So maybe we just get a little sideways movement and another rip. At least that’s what could CONfound the most traders on the sideline waiting for a pullback to slide onto the trade and load up. LOL you know they sure as hell weren’t long before the ramp up in gold. After all NO ONE was predicting the rip in gold.

Retail is completely out of the gold and silver trade. They aren’t even a factor in the near term price movements here. They’re destroyed. Its what managed funds will do that matters. Its what the dumb money does that counts. The smart money is already positioned and will move the market here to inflict maximum pain on the dumb money. If they feel they need to bring in more suckers to the table then we may see higher movements this week.  They may feel too many suckers are sitting back to pick up the pull back in the mining shares. Remember its always “inflict the most pain”. Ultimately the shares will be where paper returns become staggering. 

It may sound like pumping these mining shares is the “way to go”, but it has to take a back seat to the real play here and that is physical metal especially silver. Physical silver will be something your grand children will talk about decades in the future. Just like many families talk now about the gold put away decades ago by their grandparents. It all about patience now. Enjoy life. Enjoy family and friends. Let your  metal work for you now.