Treading Water

Nuthin’ to see here now move along. That’s where we are and have been for a few weeks. As investors in precious metals, one should expect this type of action after a historic rise this year in gold and silver. The boyz are on the coast this summer and serious action won’t begin until after labor day. You just wanna have some chop to keep the newbies off balance until you can puke up some of their shares and metal and move up into the next price level. 

The power running the show is no longer in the business of a long term beat down in this sector, but they don’t mind making trades in both directions and their expertise is your stupidity. They know the human herd. They know their inclinations and how emotional they can become. The long term shakeout from 2011 until last year was very carefully crafted. It worked. An entire army of retail investors in the metals was slaughtered. Most are now in nursing homes or insane asylums. They are no longer a factor. 

Now the money will be extracted from a whole new generation of players. These are people that are younger and in to the momentum trades of the day. They’ll become enamored with the parabolic moves and also the VOLATILITY in this trade. There’ll be option trades that blow up spectacularly and land in headlines of history. The next Jesse Livermore will emerge in the chaos coming. Meanwhile I have to take a nap. I work tonight trying to save the morons that thought COVID was just the flu.