PM Rally

[TXBullion]

If I were a betting man, I'd be buying here on the dip of the cyclical shift.
Cheers!

Id bet that you are a betting man

[Country]

Bought some GDX this afternoon. Looking oversold to me.

[Jonflyfish]

If I were a betting man, I'd be buying here on the dip of the cyclical shift.
Cheers!

Id bet that you are a betting man

Nice shot! I like your chances, and gold's, silver's..

Cheers!

[fb101]

So we're still waiting for an upside breakout?

[Jonflyfish]

I don't believe so. We've had a major cyclical shift in risk already from selling on blips to buying on dips.
Cheers!

[CtrlAltBernanke]

It's been a while since I've chimed into this thread but I'm surprised...Okay maybe not so surprised that the U.S. mint reporting 20,000 ASE's sold the first two days of December and gold spiking after the election would have reflected in the price of PM's by now. If QE4 comes in February, you would think that silver would be in the mid $40's by March.

[Jonflyfish]

Big picture view-
Hold on to your britches. The structure has shifted in the cycle that has deadlocked PM's for several months. A major surge in PM prices is imminent.
Cheers!

[shinnosuke]

Did someone say "big picture view?"

Hold onto your britches, because this stuff is about to get real!

britches.jpg (5.38 KiB) Viewed 1416 times

[slvrbck]

I'm not sure there will be QE4. We are in the midst of QE infinity that will simply continue in the background. Those big boys don't like all that QE talk so that was their way around it

[CtrlAltBernanke]

I'm not sure there will be QE4. We are in the midst of QE infinity that will simply continue in the background. Those big boys don't like all that QE talk so that was their way around it

They've already talked about QE4. They will be buying something else other than mortgage debt. I forget and it's too late to look it up. I think it's....Ah, I forget what it is but if you google it you'll see.

[db23]

Big picture view-
Hold on to your britches. The structure has shifted in the cycle that has deadlocked PM's for several months. A major surge in PM prices is imminent.
Cheers!

Ok, this was the clearest post I've ever seen from you! No secret message to decipher.

[NHsorter]

His Greenspanisms are on vacation.

[Jonflyfish]

Big picture view-
Hold on to your britches. The structure has shifted in the cycle that has deadlocked PM's for several months. A major surge in PM prices is imminent.
Cheers!

Ok, this was the clearest post I've ever seen from you! No secret message to decipher.

Thanks (I think). Always thought I was clear. Perhaps too much industry speak but without the generalized auto regressive heteroskedastical volatility skew and kurtosis? Volatility is on the rise. Buy the dips. The cyclical structure recently turned extremely bullish for a major cycle swing higher.

Cheers!

[mbailey1234]

I don't believe so. We've had a major cyclical shift in risk already from selling on blips to buying on dips.
Cheers!

Big picture view-
Hold on to your britches. The structure has shifted in the cycle that has deadlocked PM's for several months. A major surge in PM prices is imminent.
Cheers!

I guess I am a little confused. So is the top comment like your short term view, maybe like the next week? or month? and the lower the long term view (like the next year or two?) or what. These two views were posted a little over 1 day apart.... Seems to me it could either go up or down

[Jonflyfish]

I don't believe so. We've had a major cyclical shift in risk already from selling on blips to buying on dips.
Cheers!

Big picture view-
Hold on to your britches. The structure has shifted in the cycle that has deadlocked PM's for several months. A major surge in PM prices is imminent.
Cheers!

I guess I am a little confused. So is the top comment like your short term view, maybe like the next week? or month? and the lower the long term view (like the next year or two?) or what. These two views were posted a little over 1 day apart.... Seems to me it could either go up or down

Please don't feel confused.
I am referring to a MAJOR cyclical shift, not for tomorrow or next week but a big change from going nowhere in a range that we've seen for months to somewhere higher, significantly higher.
Of course I can be 100% wrong just the same.
Cheers!

[fb101]

Translation: if you're buying options go LOOOOOOOOOOOOOOOOOOOOOOOOONG. Like Leaps.

[Country]

Bought some more GDX this morning.

If we get the unprecidented JonFly rally, miners should do well.

[rsk1963]

has there been some technical damage done? with the 3+% selloff (10% if you fool wth uslv)

JFF, does this change your outlook, if so to what degree?

As always thanks to the contributors of this thread.

[fb101]

We must have a "shock to the system" coming.
GDX and GLD look comparativley good.
SLV looks like it got hurt, but it's holding up.
----------------------------------------------
I'm waiting to jump in;

[Jonflyfish]

has there been some technical damage done? with the 3+% selloff (10% if you fool wth uslv)

JFF, does this change your outlook, if so to what degree?

As always thanks to the contributors of this thread.

Hello friend. The correction is a part of what has been anticipated and the structure is firmly intact. The idea has been to buy on the dip now that the structure has changed (instead of sell on blip). Hold on to your britches because volatility is here as previously mentioned.
$32.38 for silver and $1696 for gold were just bought en masse

Cheers!

[fb101]

Options good?

[Jonflyfish]

Options good?

Long Leaps swaps and LT warrants perhaps along with partially funding those by selling puts.
We're selling puts now. Hope we get forced to buy cheap PM's or else we'll just keep the premium and use it to buy more PM's.

Cheers!

[Jonflyfish]

We are fully exposed to the underlying price risk and are in accumulation mode.
Cheers!

[fb101]

Thanks.

[rsk1963]

We are fully exposed to the underlying price risk and are in accumulation mode.
Cheers!

JFF thanks so very much for the knowledge you throw out here.

hold onto your britches is rigth, I wanted to cry this morning (once we went beyond -10%) didnt know what to think about this recent turn of events.