Vince Lanci made the point that big money managers would likely be rotating out of some of last years big winners early this year and into their picks for this year. Miners and the precious metals surely qualify.
Also I read that the pension and other passive funds will be rebalancing their positions on the adjustments on the Bloomberg weighted commodities index that silver and gold will not be as high of a percentage of the index this year and the funds will rebalance reflecting the index probably selling off some of their positions in gold and silver starting tomorrow the 8th of January.
I started buying gold and silver in 2019 so overall I am pretty happy with my gains. It is only really this year that I have started selling as I am now retired and my other sources of funding my living expenses are diminishing. So my plan is only to sell as little as I need to pay my bills. This means studying the market to predict the best times to sell. I am glad I have pretty much done all my buying and can just quietly sell a little each quarter and not worry too much. There will be further gains in silver, especially, although with much volatility along the way, which will be interesting to watch. I am just so pleased I bought when I did. At least when I wake up with a feeling of distress or alarm in the middle of the night, it is not my personal finances that have caused it. Sometimes I feel like this "fourth turning" thing is going to keep on going forever. Aren't we supposed to come out of it some time?
Sounds like you've done a great job of preparing yourself, Duncan. My belief is that mixing in prudent money management will serve well in the long run.
So I'm glad to hear you're paying attention to what feels right to you, and don't worry too much about anything else.
IMO, based on the supply and demand aspect it would behoove miners to keep production in a relative state of measured increase year over year so we don't get another boom bust cycle.
Vince Lanci made the point that big money managers would likely be rotating out of some of last years big winners early this year and into their picks for this year. Miners and the precious metals surely qualify.
Also I read that the pension and other passive funds will be rebalancing their positions on the adjustments on the Bloomberg weighted commodities index that silver and gold will not be as high of a percentage of the index this year and the funds will rebalance reflecting the index probably selling off some of their positions in gold and silver starting tomorrow the 8th of January.
My miners were down early this morning but regained over half by closing. A good sign.
I started buying gold and silver in 2019 so overall I am pretty happy with my gains. It is only really this year that I have started selling as I am now retired and my other sources of funding my living expenses are diminishing. So my plan is only to sell as little as I need to pay my bills. This means studying the market to predict the best times to sell. I am glad I have pretty much done all my buying and can just quietly sell a little each quarter and not worry too much. There will be further gains in silver, especially, although with much volatility along the way, which will be interesting to watch. I am just so pleased I bought when I did. At least when I wake up with a feeling of distress or alarm in the middle of the night, it is not my personal finances that have caused it. Sometimes I feel like this "fourth turning" thing is going to keep on going forever. Aren't we supposed to come out of it some time?
Sounds like you've done a great job of preparing yourself, Duncan. My belief is that mixing in prudent money management will serve well in the long run.
So I'm glad to hear you're paying attention to what feels right to you, and don't worry too much about anything else.
Thanks, Chris. Good report.
Thanks, Sherman.
Hope you're getting set for a great weekend!
IMO, based on the supply and demand aspect it would behoove miners to keep production in a relative state of measured increase year over year so we don't get another boom bust cycle.
I understand what you're saying. Although just be aware that the opposite is probably more likely to happen.
Agreed 100%. What should and does happen is never the same and what does happen seems to only benefit those upstream of the decision(s).
This is a fantasic read Chris....Thank you...lets go metals!!!!
have a great weekend my friend