Many of us in the SSG community know it's been a pretty brutal last few years in the precious metals. I know we had a nice little rise in early 2016 (I believe that was the timeframe) but other than that it's been slopping down.
I try to pay more attention to sentiment indicators, as this sometimes helps me determine when a commodity is nearing a bottom. I was watching a fairly popular YouTube channel on silver and this following was posted (I won't post the person's YouTube handle)
"I hate silver. Once it goes up more than i paid for it, even 1 cent. I am going to sell that useless crap.
I'll never touch another PM again. I don't care if i have to eat dirt later, I'll never, ever waste my life stacking again, never again. Gold is an even worse scam. There are piles and piles of it. It's useless."
Ouch! Outside of the SSG, I think this sentiment is pretty common. Don't get me wrong, I get down on the prices too, but I try to remain positive. I think our day will come and sentiment leads me to believe we are closer to the bottom then the top. Of course, this is just my opinion.
Keep on stackin and Steemin on!
*This is not investment advice
Yes I think we are close to a big rally!
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Don't worry. In JPMorgan we trust!
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Indeed :)
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You got a 65.72% upvote from @votepower courtesy of @kp138!
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Wow, I am too curious to know who was that bearish. I can think of a former Y-T silverbug who flipped, but just went to gold.
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Anything short of armageddon, you will see profit. This is not a prediction. lol
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I totally agree with your analysis. Ag is hated and it is below mining cost right now. With JPM dumping their shorts wile accumulating the biggest stack ever, you know it’s coming... but “big” things like this move very, very, slow...until they fall off the edge, and then gravity takes over.
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it's kind of hard to say much after awhile, it's been so stagnant... but i just made a few more purchases yesterday so I'm still a believer
peace
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excellent..if you see my posts..it is sentiment!! and how to measure it..again..watch mid summer...commercials coverring shorts big time..the sesasonal will kick in about august.
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That gold quote is crazy. Scam , there’s plenty of it? Man sadly that’s emotion talking not facts. It is rough seeing such a large part of our wealth take a hit in dollar terms but to have a meltdown like that doesn’t make sense to me. It sounds like whoever said this didn’t understand what or why they bought
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