GREY:PGDIF - Post by User
Post by
Silverwhereon Feb 12, 2017 3:40pm
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Post# 25834684
“every dog has its day”
“every dog has its day” https://www.google.ca/search?q=every+dog+has+its+day+meaning&ie=utf-8&oe=utf-8&gws_rd=cr&ei=Ke6dWNLLA-ifjwSmhbcQ
Don’t own IVN but wish I did. Like many others here, I’ve been monitoring IVN’s Market Cap surge. The main reason I watch the price of copper & a stock like IVN is because they provide clues to what’s coming for the price of silver & silver stocks. When copper goes on a healthy jog, silver likes to tag along (Ag had a decent move late last week as copper rose).
So how does IVN’s success “help” PGD? Well, it doesn’t – not directly anyway. However, as IVN’s MC creeps up, RF & his immediate entourage feel like rejoicing. Hey, it’s human nature; a natural tendency. Guys like mill & others will agree that the market and its participants thrive on emotion. Those that state emotions must be checked at the door have obviously never had enough skin in any game & are nothing but batboys sitting on their sideline stools for most of each game.
ALL markets move on emotion. ALL “markets” are made up of real people. IVN is UP because (as mill pointed out) of demand but ALSO because of positive vibes (emotions) in the copper market. Anyone who tells you differently about market moves is lying.
True, there is no direct correlation between copper and diamonds, or crude oil, or gold, or uranium for that matter. So what is it then - what do they all have in common in recent times?
Answer = unloved emotional troughs. And typically these down & out market lepers eventually attract value investors >>> solid long term investors who start replenishing these bare bones market troughs.
Here are some examples (below) of emotional market roller coaster troughs. The time to grab a comfortable seat is at the ride’s platform base. While these rides are all slightly different with varying twists & turns, they do have some similarities: bad times experts come out of the woodwork to proclaim evermore falsehoods. These mostly self-proclaimed experts try their best to convince the market lepers to “jump” off those tempting capitulation cliffs, to end all the pain & suffering...
Note: the word connoisseur begins with the tiny truncated word con. Keep these connoisseurs in mind – always. They provide the best market signals to BUY, and to BUY MORE. They prey on sellers, and they despise all BUYERS.
Examples:
Oil bottomed when the end of the world connoisseurs were out in full force. Oil was going to fall to twenty bucks a barrel for sure. Hmm...
https://www.macrotrends.net/1369/crude-oil-price-history-chart
Gold bottomed when the end of the world connoisseurs were out in full force. Gold was going to fall to 700 bucks an ounce for sure. Hmm...
https://www.kitco.com/charts/popup/au3650nyb.html
Copper bottomed when the end of the world connoisseurs were out in full force. Copper was going to fall to a buck a pound for sure. Hmm...
https://www.kitcometals.com/charts/copper_historical_large.html#5years
Uranium bottomed when the end of the world connoisseurs were out in full force. Uranium was going to fall to ten bucks a pound for sure (although the basher jury is still out on this one, lol). Hmm...
https://www.indexmundi.com/commodities/?commodity=uranium&months=180
Someone has to show these unloved emotional troughs some LOVE. Hey, what can we say, some of us have a thing for unloved hot wallflowers. Is there a market law against that? Nuh uh, bring on the hotties!
And if some view any fresh signs of PGD life as an Exit sign, well, GREAT!!! The more penny flippers PGD can sub out for stronger players the better as the company continues its sledding through the lengthy Lassonde Development Stage 2 trough.
Now kindly step aside day traders & let more long termers in. Thanks a PGD bunch. It’s been real nice knowing ya.
Oh, and one last Long Term chart the end of the world connoisseurs don’t want you to see. Be sure to reflect upon & understand the true significance of this “Steep rise in prices due to inflation” (prices in US dollars).
https://www.ajediam.com/historical_diamond_prices.html
Can you say Inflation Hedge?
To all end of the world connoisseurs: keep your BUY beacons shining brightly!
Kisses,
Silver