For the "for what it's worth" file. Hubbartt thinks this bull run has legs.
Mesquite
Posts: 4,075 ✭✭✭
There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
–John Adams, 1826
–John Adams, 1826
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I've added nearly 100oz's to my stack since the drop from the mid-high $40's.
"On the above weekly chart, the momentum indicator is turning up. With silver, I’d rather be a month early than a minute too late. Smart money buyers have quietly added in size to their positions on the latest price weakness. All the technical pieces are falling into place, to help you multiply your wealth with silver! "
Click on this link to see my ebay listings.
seems completely erroneous.
MH completely botched the September double topping in gold and was calling for a gold "superhighway" and GDX "breakout of the decade" just as PM's/stocks were setting up to crash.
What he got was a massive crash in GDX from 67 down to 51 that probably decimated his customers and kept them from being able to buy heavily into those October lows.
Each day as the market was crashing further he was calling the action bullish. He makes enough calls during the week that he's going to be right on at least half of them, maybe
even 65% of them. Sure, the guy could be dead on for his intermediate term calls. But I think he also fails to ever consider the risks of a major 2008 banking type collapse on gold stocks.
roadrunner