GREY:RNKLF - Post by User
Post by
idodiligenceon Dec 08, 2018 9:02am
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Post# 29086589
This was the most significant week of your life....
This was the most significant week of your life....For the first time in years the stars aligned and something remarkable happened...Despite the wicked selloff in markets which previously saw the liguidation of ETFs, Funds, Indexes that held gold mining stocks....the individual miners bucked the wholesale selling and went higher. This is extremely important! Pay attention!
Over the past month or so when the markets were getting mokey hammered ALL stocks were getting sold. Gold miners were getting dumped with the baby and bath water even as gold was working higher. This is logical since they are STOCKS and included in indexes, ETFs and funds which saw blanket liquidations of everything in those vehicles.
This past week saw a dramatic change. JNUG, KL, other miners I follow all went up as markets plunged anew. UUUU my uranium stock jumped higher the last two days even as the Dow lost more than a thousand points.....You should all be asking why.
I'll tell you....It's game over for the economy that's why. The FED is terrified now, no less than 3 central banker scum came out begging the voting memebers to stop the rate hikes. They all know what deep $hit we're now in. Long term rates plunged along with the $ ending its rise. These are big tailwinds for gold and the "market" took notice for the first time in some time.
I think a new bullmarket in gold has begun similar to 2016 and I've loaded up.
Our specific situation remains in question however. This presents both a risk and an extraordinary opportunity. Should those drills working around the clock validate the model and return visible gold, RNKLF is going to be the leader of the pack. With all of the unknowns being resolved, a resource estimate on deck, gold in a new bull market lifiting all boats the potential is there for an incredible ride higher for our stock. The same is likely true for all commodities now especially precious metals and uranium hence my two biggest investments are now RNKLF and Uranium related entities URPTF and UUUU
There was a real tectonic shift this week and I'm wagering it continues and gathers momentum. The FED which was our mortal enemy a month ago is now going to be our terrified best friend as money flows out of risk assets into the only things working...gold, commodities, uranium etc
We only need a spark now to light the fuse. A series of drill core assays will do it. We have the wind at our back now and the ride could be extraordinary.
If you're bold and know how to trade...load up on some JNUG but only if you know how to trade this beast. Buy more shares of the best of breed miners like KL and IAG....get out of your comfort zone and accumulate more RNKLF as it only needs that spark and confirmation of what we all think is there for the picking
Get out of all stocks unrelated to gold, silver, uranium...keep a pile of cash....don't be myopic like so many here are watching every tick in the share price...eye the prize! We have something big going our way now...really big.