We are certainly seeing what we've expected. And yes, silver is simply
slightly tracking gold, because as a PM, that's the way. For me, it's
about keying into the contango of the futures. For those who got in at
the dead lows of December 2015, on minimal premiums, usually under 30
dollars US per ounce, selling in mid to late February and then
reacquiring after the inevitable correction once backwardation has run
its course, is the smarter play. Short term gains are realized, whilst
positioning one's self for further acquisitions after correction. Will
gold peak in late February or march? keep an eye on the futures market.
Keep an eye on the dollar and its technicals. In this manner one can
appreciate earnings and continue to and prepare for, new purchases at
reduced prices once this has run its course.
Still stand by the lower
prices of gold and silver for the year, especially in summer and late
fall. The last thing to do is buy high on the run-up, AFTER it has
broken its 50, 200, and multiyear moving average, which gold has already
done.
Or, as many do, screw profits. Just hold and damn the losses against
current price in futures terms against past entrance price points. For
many, that's the plan...acquire and hold. Fine. Then you miss profit
taking. Pay off some bills, etc.
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| Currencies die, true inflation above 8%, gold serves and protects |
