Somebody's About To Get Blasted

In 2015 there was a major sentiment destruction in the gold shares. It was nothing but doom here with trolls like Buttfox/CS coming on the site to blast the Fed doubters. At the same time it was noteworthy that several major mainstream investors (Dalio, Soros et al) announced they were investing in gold and gold shares. Then just as it looked the darkest at the end of 2015, something  strange happened. Out of nowhere the miners exploded.  I was 99.9% long and holding during the first two months and wound up peaking at over a 500% portfolio gain that held until the end of the summer of 2016. I even spent a little fiat consulting my accountant on the best way to close out my accounts and eventually concluded I would remove a small amount for some improvements like solar and a building and ride out the correction. I left in a very large amount that would be savaged by the correction over the next two years, but interestingly I still am up over 250% from my 2015 low. 

The last two years allowed me to also add to my physical metal so I have to be honest it really doesn’t feel that bad. I know a lot of “investors/stackers” are just slaughtered by the timeline of this ponzi and its beatdown of gold and silver. They didn’t have the ability to “hold” their stack and have been forced to sell with low prices and that is exactly what the ponzi anticipated. Ted Butler believes J P Morgan has accumulated over 800 million ounces of silver now. I would not be surprised to find its even higher. They knew in 2015 what they would be doing in anticipation of the next precious metal cycle. They would know that holding physical would be paramount to keeping CONtrol and profiting as the price explodes up.

So once again the big players that announced in 2015 they were buying gold are doing the same today. These same players announced in late 2016 they had exited their gold holdings (miners/GLD).  It may not be this week, but the “music” says its close to a breakout in this sector and catching that first big move is key to profits. Enjoy the ride this time. This will most likely be a fairly lengthy wave up with some tradable pullbacks. 

Fed is painted into a corner and nothing good can come out of this week’s FOMC statement. An engineered stock market beatdown is coming and coming this summer.