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Gold And Silver Smashed…Nobody Really Knows What Lies Ahead

- Dan Dontrose - The fundamental View

I am not concerned about accumulating fiat dollars. I am concerned about getting assets. I use fiat currency to accumulate assets when they go deep sale. Buy like an Indian from India. Stay out during the normal, dont buy retail, or at "every day lows". Buy the crash, buy when people are giving up. Buy when Kleenex is 89 cents a box. Then stock up.

Price prediction is impossible in this market. Most Prediction is based on probability. Probability based predictions are useless when information is asymmetric. And we the people don't have the info to accurately time the markets anyway.

But we do know the price action. I use the pain indicator. Most reliable.

Only Buy when it is way down in the pain zone. IF you are not in great pain don't buy. Don't buy when it feels good. Buy when the price is so low you want to quit. For example, Gold 1500, silver 26. This is the wealth building zones. Buy when you say "who wants to buy this shit, this is awful, this is carnage". Get ready to buy gold at 1000 and silver at 19. You laugh, impossible you say!

Let me tell you I am not blasting my wad now. I have lots in reserve for the Gomer zone. SUR-PRIZE SUR-PRIZE zone. I decided that if they control the money machine to infinity, they can do anything. They can force the price up or down, any which way, any how deep or high they want. Infinity is a lot of money.

Once they got control of the money machine to infinity, anything became possible. Price discovery occurs for brief periods when the market functions correctly to mark to market. The rest of the time forget it. The market mech of true price discovery is permanently broken.

Remember, buy the Kleenex at 89 cents.

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Début de l'article :You can cry for years that the price of silver and gold will go up and when it does you are vindicated and hailed a hero for having called it correctly, despite the fact that it might have taken 10 years or so for your prediction to materialize... Lire la suite

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