Crazy Markets (December 8, 2018)…

by FI Fighter on December 7, 2018

in Precious Metals Updates

Looks like we have been and will be continuing to experience some year-end turbulence in the markets this year…

Check this out…

Nasdaq is getting killed, lately…

And this…

Ok, let’s not get ahead of ourselves now…

But things are certainly getting interesting, wouldn’t you agree?

  • General equities falling.
  • Inverted yield curve.
  • Rate hikes… for how much longer?
  • Everyone and their mother hating gold…
  • Etc.

In any event, if/when the next gold bull run (or rally) ever does ensue, I believe that I will be much more prepared and have a better (smarter) strategy on how to play it…

I mean, compared to last time around (late 2015/early 2016)… I didn’t know what the fudge I was doing, and was still somehow lucky enough to have made some decent gains…

 

As they say, there’s really no substitute for experience…

 

I was able to observe and learn many things through first-hand experience…

 

Although I haven’t been rambling much about gold mining stocks, in general, I’m still following the happenings rather closely, and if/when the time comes when the market and all your buddies wanna pile on it, you can be certain that I will ramp up my coverage (SELL SELL SELL)…

 

All joking aside…

 

Just recently, I’ve been chatting with some very smart investors/speculators, and we’ve been going over some ideas and names in the gold space… sharing our favorite plays and discussing pros/cons b/c there ain’t no perfect gold stock, after all…

 

To be perfectly honest, I’ve kind of been holding back on saying too much about gold mining stocks lately b/c the sector has been pretty boring this year… For 2018, I’ve been patiently waiting for many gold stocks to bottom out, and for the market to finally pick and choose a more definitive action (as opposed to sideways action)…

 

Not saying I’m gonna make all the right moves, but in the Game of Speculation, I’ve learned what my risk appetite/tolerance really is, and I will say this straight up:

 

I will GLALDY give up MAX gains and will NOT be chasing after the “best performers” in the sector if/when the gold bull resumes course… That “best performing portfolio” game is nothing more than SUPER HIGH RISK (i.e. optionality plays/microcap explorers) in my own humble opinion, and the odds of success (for the retail speculator) are extremely low…

 

The folks who are lucky enough to indeed take the throne and claim #1, it’ll be due to luck much more than anything else… 

 

Please be most weary of the scammers/pump artists who will come out of the woodwork full stop trying to get you to speculate in the worst/shittiest mining stocks in the sector!! They’ve definitely got hidden agendas and are also likely heavily paid promoters who are trying to help/enrich themselves… NOT YOU!

 

These fuckers will always boast about their “amazing gains” but all the other times when they’ve had lousy picks or blown themselves up, you’ll never hear about it… Or they will brush it off like it wasn’t a big deal (hah!)…

 

C’mon guys, that’s how this shit works…

 

Don’t be deluded… You all work way too hard for your $$$ to be duped into believing all the bs that propagates out in the mining space…

 

For myself, I’ve said this many times before, but in the Game of Speculation, I strongly feel that the real winners (speculators) who emerge after all the dust is settled are typically those who pursued a more “safe and boring” strategy of making sure to speculate most carefully… You certainly have to give up upside when you go this route, going with more “proven and mature” companies, but there are NEVER any free lunches in this game…

 

You can’t have it all…

 

And like the saying goes, “Defense wins championships.

 

For most retail speculators, like myself, who don’t got a seat at the table and have zero inside connections in the mining world, we can’t rely/depend on free/cheap warrants to save our ass… So, we have to be especially careful and selective with our picks…

 

Live to fight another day…

 

The scammers/pump artists, don’t forget, these folks are riding cheap/free paper, and/or getting paid an exorbitant amount of $$$ from individual mining companies to try and get the sheep (i.e. retail investor) to chase after high-risk plays that have very low odds of actually creating any shareholder value… But in a bull market/rally, most peeps lose their bloody mind and will chase shit up (any dogshit) to the moon with reckless abandon…

Human nature and the lust for GREED won’t ever change, best believe that!!!

Sure, you could certainly luck out and make some nice gains along the way, but like the crypto world and shitcoins showed us (many down over 95% and heading straight to ZERO), you gotta be monitoring this stuff 24/7 and have a real good pulse of the macro trend… If you don’t seize the finite window of opportunity and get out QUICK, you’re most likely going to get decimated…

 

But, instead, if you’re speculating on World Class Tier 1 gold projects (that actually have more than a snowball’s chance in hell of making it into production) that major/mid-tier producers actually want to own in their own portfolios, well, again, although there are never any guarantees in this super tough game, for sure, you’re more protected to the downside and have better odds of making gains, at some point down the line… Just my own beliefs, anyway, so take that for what it’s worth (not much)…

 

Anyway…

 

Again, I’m not saying the turn is imminent for gold and gold mining stocks, but times are certainly getting interesting again with all this market volatility of late…

 

If this gold rally turns out to have some real legs, I’ll have to put out a new update via Thank You Newsletter with some of my top picks in the gold sector…

 

I’ll whip up an updated newsletter, regardless… But for sure, it would will be way more fun to be putting out content in the context of a new bull market in gold…

 

Happy hunting!

{ 1 comment… read it below or add one }

1 No Nonsense LandlordNo Gravatar December 10, 2018 at 4:06 pm

Great analysis. There are a lot of hucksters out there. I am an index investor now. My GLD that I bought on 4/13/2013 is still underwater…

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