Well, it’s not like I haven’t been mentioning it for months, but gold was crazy-cheap last year, and even now it’s cheap. It’s wonderful owning so much of something that has become a rocket ship. Gold has absolutely trampled over the 2,000 alt-coin silliness things out there. The barbarous relic is rocking the free world.
As a bonus, we are getting near LIFETIME HIGHS established two years ago. Sure, there might be a hard selloff, but I think the base is well-established.
I’ve got my SlopeAlert all ready to let me know when the momentous event takes place.
Yep, from the time I started typing this post to this moment, the gold futures have already slipped about 25 bucks, but I’m in this for the long haul. As I’ve been saying, I wouldn’t be surprised to see this stuff at $5,000 an ounce in a few years. That is NO a projection. I’m just saying it’s not unreasonable.
As the late, great Steve Jobs used to say – – there’s just one more thing.
Although there’s hardly a single instance of profit-taking this year that I have not regretted, I have been taking some profits today. I am down to 28 bearish positions in my main account, and I am at 30% cash, which is higher than it’s been in a very long time. Again, I’ve been just straight-up stupid with my profit-taking in 2022, but I wanted to at least make plain I’ve taken the foot off the gas pedal some with the hope (perhaps misplaced) of better entry prices to get aggressive again.
