You guys know that I just tell it like it is. I don’t care what happens. The stock market can double or can get cut in half. Gold can go to zero tomorrow or to 10,000/oz and I won’t care. I’m too old to worry about the economic or social implications of market moves. Been there, done that and it doesn’t help. We have to look at everything as objectively as possible.
Now, with that said, I have some thoughts that some of you may not appreciate. But I’m not here to tell you what you want to hear. I’m here to tell you what I’m seeing right? So bear with me.
For those of you who have been around here a while, you remember just how bearish I was towards the US Dollar coming into 2019. The Dollar rolling over was a big catalyst for why we were so bullish of precious metals throughout the first 3 quarters of 2019. It wasn’t until September last year that we said, ok it’s time to get out.
That’s just a quick little history of our thought process, to give some of you newcomers perspective on just how open minded we are over here. Looking back, as well as precious metals did, the Dollar never rolled over. We got the gold trade right, but got the Dollar wrong. The US Dollar Index did not fall, but it didn’t rise either. It just sat there.
So now what? [Read more…]