braindeadoldguy wrote: If you found a good one, or had a good broker back in the 70's and 80's, you were lucky. In those days, the market conditions were far different from today. You could trend on past history or knowledge from the field, and many times it would work out that way.
Now a days everything is manipulated. Everything! All of these so called guru writers that are older and seem wiser can't do a damned thing against the modern grading methods, computers scalping small percentages and influencing the markets to suit themselves, etc.
I guess if I was going to subscribe to anything, it would be Mr. McGuire from England. He doesn't send you a forward looking bullshipstatment, he charges you handsomely for information about the gold markets, and he knows how it is manipulated, so he gives you direction, and you can follow his suggestion. In other words, your money is in your account, and he provides direction that he thinks is appropriate. Thing is, I don't like his rates. The wealthy park a portion of their millions in an account dedicated to that particular news, and of course, they have people doing the work for them.
But the following danger also persists. If the banks see him as an intruder and get pizzy, they can orchestrate a takedown with false news at some point. So you see, markets and market players are manipulated everywhere. Because you mean well and are good at it, you get taken down.
I don't like any news letter writers these days. Bob Moriority should be in the funny papers, and even Jim Sinclair has changed so much he is now irrelevent. There is a guy who uses his company as a personel piggy bank, and so do many of the scummy scammy small fry companies pervading our markets.
You can read news, history, and apply logics to any company you want, and it may look like a screeming lunker licker and a great buy, but in the mining business almost anything you can think of that could go wrong probably has already somewhere in hilstory,
So we have gold in the ground, and 1.5 billion or so market cap to prove that it actually exists, not a fairy tale or contrived story at all, and everybody is chomping at the bit wondering we will take off and move towards the old highs and beyond, but every bloody thing is against us.
So what's this? A rise in interest rates is bad for goid they say. Bull. Back in the 70's to the old high in 1980 gold rose with the inflation adjusted rising interest rates, even when paying interest to large depositors was very high. Many switched out of gold into interest bearing vehicles when it cracked 20%. I know someone who doubles his money, from 1 to 2 million in 7 years that way.
Today that won't happen. The banks will not give you a large interest-bearing rate because they simply don't have to. You have nowhere else to go, except in the markets, somehow, while they collect interest on DEBT. That's tha game. Look how much has been lost by people on the street who borrowed money to get in the markets, crypto, and casino vacations. So the world wants to live now, spend now, and the heck with the consequences. That's our new world.
I don't know if patience is the right word. They belong in hospitals and doctor's office. We need some luck.
Cheers