Correct.
Gary has made some mistakes and misread the market recently (and this was a brutal one) BUT most SMT subscribers (longer term ones) made some serious money with Gary especially since 2024.
We have to give him a lot of credit for his past performance.
Is it time for him to retire…. maybe?🤔 He has an ultra high net worth and can easily walk away!
@KenLomba We need to see a sign that the smart money is buying what it believes to be the bottom.
4000$ seems like a reasonable / justifiable figure for Gold. Possibly 50-55$ for Silver.
@ehelpmann I bought something similar years ago (circa 2022) when I was first building my collection.
But I recall the coin 🪙 itself (set within the bar) was 999 fine silver and the bar was silver plated.
I think 🤔 it was a Kruger… but it would take time to find it.
@ehelpmann You’re famous! 😂
The question is whether they’re creating any new posts of Silver bars?
I bet they don’t have a Sigma Metalytics analyzer! 😂
@TheApeOfGoldST Uncle Gary has made this mistake… in the past and more recently.
He’s had to take on a babysitting role again with all the newly recruited trading cry babies 👶🍼. It’s a tough job!
He probably needs to have a purge like in the past. 😏
@albertherne I think the risk of a waterfall drop has increased. I’ve trimmed my long precious metals positions by 75%. Won’t add back again until a more positive trend emerges/returns on Gold.
@PeterLBrandt Does this make you the Charlie Munger of the futures market? 51yrs sounds like an eternity.
I would be interested to know your story. Why not.
Some good points raised here.
Until recently, I was definitely in the gold/silver recovery camp.
However, I’m leaning more toward the bear camp in the short to medium term.
It’s starting to feel like there are some headwinds against PMs in the interim.
@CommodMkt (Jeff Currie) wrote a good post recently. Worth a read.