There is a lot of drama these days. It is definitely too much for many to handle. Investing should not be as hysterical as our mass media news today. Stick to your core values and do your own research.
We are in elections "silly season" and "nothing is off the table". The FED is setting the stage for a major policy change. Nobody can afford Gold at $5,000 tomorrow. The System will collapse. The good old smackdown is coming first. QE pump will start again next. Please do not forget that FED's balance sheet is again above $7 Trillion last week and the global stimulus is over $20 Trillion dollars.
We have Warren Buffett now on board with his $564 million stake in Barrick Gold and we can apply his best investing principles to this Gold Bull Market as well. Always keep The Big Picture in front of you.
I personally like what I see these days. It is a very healthy correction for this young Gold Bull after it hit the new all-time high at $2,078 intraday just a few weeks ago.
All discussions that "this Gold Bull Market is over" should be seen in the light of Gold performance these days: Gold is down 3.5% in the last 30 days and it is up 577% in the last 20 years. Gold is beating Warren Buffett's performance in the 21st Century.
Is Gold Bull over already or "Drunken Psycho Mr Market" gives us another opportunity to use the Time Machine again? Only you can decide. Look at the Big Picture and fundamentals for Gold.
"Only sometimes Mr Market can soften up and take a pause from its main function of separating boyz from men and most people from their money. You should always be ready to spot this opportunity because even then nothing is for sure. Nobody can make money for you, only you can do it or fail. But you will never know before you try. Sometimes a few circumstances can come together manifested by the very strong will and focus and provide a life-changing opportunity. This is where the magic comes from. "There is magic, but you have to be a magician to make this magic happen."
Has anything changed for Gold fundamentals from those happy days just a few weeks ago when everybody was screaming together with all Robinhood crowd "Buy" and chasing everything that was barely breathing but still going up?
Can this picture just show that happy trading crowd is learning about the "Margin Call" phenomena and that Mr Market can decide to change his mind one morning and punish as many as he can? Not a lot of Robinhood "Pros" who are chasing bankrupt ideas and filled by hot air bubble companies know that Warren Buffett's Mr Market is still very well alive and his main function is to separate boyz from men and the most "investors" from their money.
Investors sold Gold in March during The Market Double Black Monday Crash just to raise cash to cover the margin calls. Can we have the same situation again? Should you sell to Mr Market now? Or should you hold or maybe even buy from him now? For every seller, there is a buyer. Who will be right this time again? We will all find it out very soon. Below you can find more of my thoughts for your own research, buckle up and stay safe.
Gold is not Gold Bug’s religion only anymore. Investors are coming home. Gold is Real Money. Warren Buffett dumps Goldman Sachs and buys Barrick Gold. We have another piece of the puzzle put in place. The full circle. A lot of very smart people will explain to you what it all really means now. I will add just a few points relevant to our journey.
You have one more answer helping with your questions and explaining my very brave dream: to build TNR Gold using the best Warren Buffett principles, to build The Green Energy Royalty Metals and Gold Company like an investor would do for other investors to join. Now you can better understand why I put Gold and Warren Buffett in the same sentence many years ago.
This coming tsunami of funds seeking the increased allocation to Gold will be meeting the... 0.57% of Gold share in the global equity portfolios! This is why we were talking about real fireworks this year after the 4th of July:
"My dear Friends, we are here. Unimaginable events are happening. Not only our small worlds are affected, but we have a collectively shared manifestation on a global scale. If you read this, you can have a glimpse into my world. But you will see yours. Each of us will have to decide for ourselves, where we are going to live. Which Universe we will choose.
We are here. Gold has hit all-time high intraday at the US $2,078, new all-time high weekly close is at the US $2,035, and the new all-time high monthly close is at the US $1,976"
In his recent interview on CNBC, Mark Bristow has acknowledged that even if the Barrick Gold’s official Gold price is still $1,200 for all planning purposes, “they are using now $1,500 as the indication for a mid-term time horizon.” It will not escape your attention that nobody will be buying out Barrick Gold, probably, this year, but they will have to buy themselves something big and promising. Who will be talking the Gold price up going into the M&A market as the buyer? All recent developments around NovaGold, which we have discussed in great detail with you here, are pointing us to the brave scientific question for a pure curiosity pleasure at this stage. Who will buy NovaGold first in the fight for the solid lead as the number 1 Gold mining company in the world? Will it be Newmont Mining or will Mark Bristow conclude the “unfinished business” of the previous unsuccessful buy out attempt and will finally bring Donlin Gold “back home”? In the world moving super crazy fast into the $3,000 Gold as a new normal, for me, this is just a question of time now. Nor Barrick Gold neither Newmont Mining can afford to lose Donlin Gold to each other without a walk over effectively from the race for the crown of the world’s top Gold miner.
I must warn you again, as usual, that all my brave positive affirmations and dreams are based solely on my personal observations of public information available in the market and I do not have any other insider information. Always do your own research and now you can better understand another layer of my previous post. TNR Gold had its first double from a multi-year base. There could be some people who bought a ticket on our ship just by chance and who are not sure about the destination. Our journey involves very significant Risks of travelling, particularly nowadays, even if we are going to the amazing, possibly, even exciting opportunities. For all those who are not sure that they can hold the waves and withstand the seasickness, thank you and it will be much better for you to disembark now.
Nobody knows the future. We will be moving into the stormy waters again. I already know that I would like next to visit the very nice beach spot marked as a "10" on the map. There could be two more doubles potentially from here after very hard work with the sails and after a lot of blisters. In my very personal vision, we do not need anything really groundbreaking and dramatic, apart from very hard work and execution of the strategy which we discussed in details here, in order to really enjoy our journey and finally to get to the “50 cents” Party at the “Club 55”, just to bring sweet memories. But then it’s again: it is all my positive affirmations and “Never buy anything you cannot hold.”
It was tough, but we used our "staying at home time" wisely. Auditors gave us the clean bill of health, Q1 MD&A and Financials are filed and I have finally received my newly acquired block of shares after closing our final tranche of the private placement. Read more."
Please always read legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blog. Always consult a qualified financial adviser before any investment decisions.
Do Your Own Research.
No comments:
Post a Comment