I'll Sell When Gold Hits $1750

Looks like this gold rally is over. I hope no one loaded up on $2,000+ ounce gold.
I'm sure the gold price will pick up a little around April to may but then take a nice dump when the 2021 mining season opens back up as long as nothing crazy happens.

 

Bought it At 1690 on a deposit since I need 3 weeks wait ,,

 

Guess silver at $35 will be my next target for selling.

 

The Silver rally appears to be over too. Every time silver makes a run at breaking through $28 an ounce it stays there for a day or 2 then pulls back.
With the china virus fear faltering and stuff opening back up it was only a matter of time.
When silver spiked up that on initial run the largest actual silver mine on earth where they mine silver and it's not just a byproduct had been closed due to china virus fears. Oh and commex added certified refineries for thr first time in like 20 or 30 years. Not just 1 or 2, they added a boat load of them. So when supply catches up with demand the market is going to flood big time.

 

I bought silver last year and the year before, and I'm gonna buy some more this year and next year too! Up or down I buy! Up or down I don't sell. It's a prep, just like food, guns, ammo, fuel, etc. ...you don't sell preps to make a quick buck!

 

Gold is officially now a bear market.
I'll let it drop some more before I start the obligatory I told you so.

I would buy low, sell high, keep the difference, then sell that when it goes really high.
Ammo too.

 

I like the buy low part but I never sell my physical PMs at this point. They are part of my retirement savings plan. Below $20 for silver I will buy agin, probably $1500 for gold.

 

Well the long term price of gold appears to be converging. The highs aren't getting as high as 2011 and the lowes keep getting higher.
Eventually the price is going to break out and go low or high long term, looks like it's setting up to go high. This could take another 10 to 20 years. If you buy high now, it could be a long ass time before you make any money.
Silver is doing it too.

 

You just don't want to be caught holding a bunch of worthless fiat money when the SHTF. The same with guns, ammo, fuel, food, etc., THE TIME TO BUY IS WHILE YOU CAN!