Bull markets START with a BANG !!Bull markets start with a BANG !!! Weve been thru Hell with a 2year Slow grinding Bear market with nothing but extreme pessimism and now finally we are climbing the Wall of Worry. !!. We have reached historic lows of the past 20years when you look at all indicaters.. WOWSERS!!. If that isn't pesimism, what is?... People are licking their wounds! Speculative stocks are down 60-70- if not 80%.. Sentiment was so bad that we were looking for something to change. Then we got that weekly reversal.. This is exactly what I was posting on the Gold technicals that Claude is reffering to.
This horrid pesimism that indicated a Strong sell started to reverse and we started to say the bottom was in.. Interesting, I posted that same feeling and started buying positions.. too early as usual, lol, but at least I my gut was shared by the experts when this happenned in late September. Then on Nov 4th Gold rose 51$ but the GDX went up 11%.
This is the greatest one day reversal in the history of Gold ..
What's interesting about this observation is: Bull markets start with a BANG and this is likely the BANG !!!
Whats most important now is the sentiment.. This Should have been headline news, but it hasnt been talked about... WOW interesting.. This indicates: "we are climbing the wall of worry without being noticed" Claude states "they try to take as few in as they possibly can at the beginning" "I feel privilidged to be in the few lol"
"They" likely meaning the market makers never want the the crowd to know that they are building positions silently !! :) The fact that no one talks about this 11% gain on the GDX or remembers the number. putting us back into a BULL market!!
Sorry if I come accross like a braggert, that is not my intention but I feel rather good listening to this interview being fully appreciative what Claude is stating and knowing this mans sentiment is what I have not only been posting lately but also putting my money on as I buy up what I feel are bottom feeding postions on several plays. It feels good to be buying b4 the crowd wakes up to the reality of what is taking place.
Sentiment is important !!! A key technical point was 1680 on Gold... We knew we were in a bubble with not only the broad index but real estate, Crypto, etc.... We are currently having a rally in a bear market. When this turns around and gets tested that will be the proof of the pudding...
When I read this part about 1680 and 1780 Gold I recognized this is not a current article and checked the date. Then I realized this article was given 30days ago.. Thank goodness. Knowing this was posted a month ago gives me great comfort that not only was my sentiment in line with Claude but it confirms he was entirely bang on and we are now fully into the swing of what he claims as a bull market... What is interesting, is Gold is climbing and not all stocks are climbing with it because the MM's have the upper hand still... Will they try to crush us as Gold pulls?? or will they get creamed because retail starts buying harder than they can handle and all *H^LL breaks loose because we KNOW WE are in a BULL market and merely say fill my boots and thankyou very Much at the same time..
Claude makes the remarks of whats to come when and if we hit $2000 Gold.. :) too funny it's coming folks.
When a trend is in motion NEWS will be interpreted positively. This is another positive statement that Claude made... yup yup yup the Bull is in motion.. Bring it on.. The big boys are accumulating .. do not be fooled by the price action...
LONG on AMK !!!!
p.s. is it time for a little insider buying???
Im sure someone on the inside can lay down 50-100k,
dollars that is..:)