#SILVER | #GOLD | #URANIUM
1/
It's been well said that a commodities 🐂 market will either "wear you out" or "scare you out"
It has now been over 100 days since the Aug 7th $2089 high in $gold & the $29.92 interim top in $silver
Many are worn out and have thrown in the towel
1/
It's been well said that a commodities 🐂 market will either "wear you out" or "scare you out"
It has now been over 100 days since the Aug 7th $2089 high in $gold & the $29.92 interim top in $silver
Many are worn out and have thrown in the towel
2/
As bull markets mature, shares of quality companies and physical #preciousmetals become increasingly concentrated in fewer and fewer hands.
Unfortunately, most retail participants are shaken loose way too early as the "smart money" accumulates when the market is quiet.
As bull markets mature, shares of quality companies and physical #preciousmetals become increasingly concentrated in fewer and fewer hands.
Unfortunately, most retail participants are shaken loose way too early as the "smart money" accumulates when the market is quiet.
3/
A firm understanding of the fundamentals can give one the conviction to hold (or add) through gut-wrenching pullbacks and longer than expected consolidations.
💎My personal conviction in this bull market has never been stronger.
A firm understanding of the fundamentals can give one the conviction to hold (or add) through gut-wrenching pullbacks and longer than expected consolidations.
💎My personal conviction in this bull market has never been stronger.
4/
Currency debasement, debt monetization and stimulus must not only continue, but accelerate. The alternative is a deflationary collapse in which governments and politicians would be blamed.
Currency debasement, debt monetization and stimulus must not only continue, but accelerate. The alternative is a deflationary collapse in which governments and politicians would be blamed.
5/
By opting to default via inflation, the general populace incorrectly casts blame on each other, as opposed to the corrupt politicians who knowingly made promises that could not be delivered upon.
By opting to default via inflation, the general populace incorrectly casts blame on each other, as opposed to the corrupt politicians who knowingly made promises that could not be delivered upon.
6/
It is possible that we see another push lower in #PM's, but I believe that downside risk is minimal relative to upside potential
Turning to #Uranium, the sctr is beginning to perk up & many stks look attractive for LT accumulation, namely $CCJ, $UUUU & $DNN. (Not advice)
It is possible that we see another push lower in #PM's, but I believe that downside risk is minimal relative to upside potential
Turning to #Uranium, the sctr is beginning to perk up & many stks look attractive for LT accumulation, namely $CCJ, $UUUU & $DNN. (Not advice)
7/
The next run up in #Uranium is more of a "when" proposition than an "if" proposition
Largely diminished secondary supply & insufficient mining output are poised to collide head on with rising global demand, with the impact likely to occur in '21.
Grace & Peace,
Steve Penny
The next run up in #Uranium is more of a "when" proposition than an "if" proposition
Largely diminished secondary supply & insufficient mining output are poised to collide head on with rising global demand, with the impact likely to occur in '21.
Grace & Peace,
Steve Penny
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