Being a contrarian isn’t easy at all… but these are the moment’s that you hope and pray for…
Gold just broke through $1,400/oz… FINALLY!!!
Hold above that level, and it’s game on…
BRIM NATION let’s go!!!
Sharing is Caring:
3
Leave a Reply
2Comment authors
Recent comment authors
Subscribe
newestoldestmost voted
Guest
Al
Good stuff Jay, always enjoy your writing and following your story.
I bought GDX and GDXJ in late 2017, only now in a small profit, most of my time of holding has been horribly in the red. Why are the ETFs lagging the gold price, they were significantly higher during the last gold peak in the summer of ’16?
Al, Thanks for the comment and for following along. For now, yes, I would agree that ETF gold products are lagging behind the spot price… It’s interesting to observe since there is a belief that mining stocks are “leading indicators” which will “predict” the future direction of the gold price… In 2016, after January, it kind of always felt to me the mining stocks were 3 steps ahead of gold, which explains in a way the severe decimation that ensued afterwards, after gold reached its peak. But also interestingly enough, in early 2016, on January 19, gold stocks bombed completely,… Read more »
Guest
Al
Cheers Jay for your detailed reply.
Have to admit now i’m 10% up after being in the red so long, it’s tempting to bale. I’m keeping the faith though, let’s see where this takes us.
Pulling the cord at work is still looking good for me for Christmas. Final 6 months will be a struggle, hoping this rally will shorten that.
Keep up the good work Jay, your writing is a big help for morale / inspiration / ideas for us early FI seekers.
Good stuff Jay, always enjoy your writing and following your story.
I bought GDX and GDXJ in late 2017, only now in a small profit, most of my time of holding has been horribly in the red. Why are the ETFs lagging the gold price, they were significantly higher during the last gold peak in the summer of ’16?
Al, Thanks for the comment and for following along. For now, yes, I would agree that ETF gold products are lagging behind the spot price… It’s interesting to observe since there is a belief that mining stocks are “leading indicators” which will “predict” the future direction of the gold price… In 2016, after January, it kind of always felt to me the mining stocks were 3 steps ahead of gold, which explains in a way the severe decimation that ensued afterwards, after gold reached its peak. But also interestingly enough, in early 2016, on January 19, gold stocks bombed completely,… Read more »
Cheers Jay for your detailed reply.
Have to admit now i’m 10% up after being in the red so long, it’s tempting to bale. I’m keeping the faith though, let’s see where this takes us.
Pulling the cord at work is still looking good for me for Christmas. Final 6 months will be a struggle, hoping this rally will shorten that.
Keep up the good work Jay, your writing is a big help for morale / inspiration / ideas for us early FI seekers.
Cheers, Al