Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Sticktuitiveness

IMG Auteur
Published : December 07th, 2012
603 words - Reading time : 1 - 2 minutes
( 1 vote, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Crisis Watch

 

 

 

 

Last week, Miles Franklin had its annual Holiday Party in Minneapolis. At the 2011 event, I had just been with the company a month – but by this year, many of my colleagues have become friends. Moreover, we added one new broker this year, as well as writer-extraordinaire Bill Holter; who also traveled to Minnesota with his wife.


After dinner, our faithful President – Andy Schectman – “addressed the troops” in a jovial, heartening manner only he can impart; and about halfway through, complimented one of the brokers for his “STICKTUITIVENESS”; that is, dedication, perseverance, and endurance.


I immediately e-mailed that “word” to myself, as it embodies my work ethic, value system, and overall “M.O.”; particularly, in the WAR I fight each day to PROTECT myself and others from the upcoming FINANCIAL ARMAGEDDON.


This week, Bill Holter described perfectly how the Cartel has controlled PM sentiment…


It has gone like this from 1999 or 2001 (whichever you use to call bottom), Gold “goes up” a little and takes some time to move even 5%…and then the “smash” comes, it loses 3-4% in a day or two, and sentiment turns black and blue. This has been script all the way along; breakouts are nullified, 4-week rallies erased over 1-3 days, CNBC screaming “top” or “bubble” several times per year, and the attacks on “sentiment” job 1, even while the metals have outperformed everything.


…Bill Murphy lamented how “PAPER PM Investments” have destroyed lives…


The gold and silver share sector is still under siege, with sentiment worse than at any time since I began this commentary in September 1998 – despite gold and silver price increases from $290 and $4, respectively. Back then there was HOPE, but now there is DESPAIR. Shares of many of the junior and exploration companies are back to where they were when gold and silver were at their bottoms at the turn of the century, or not too far off those lows. Brokerage business in the sector stinks, there are few deals being made, little money is available to enhance business, etc. Many veteran investors in the share sector are fleeing or have already fled.


…and James McShirley stated what we all know is true…


The year 2012 will (so far) go down as probably the most heavily suppressed gold year ever. As in physics there should eventually be an equal, and opposite force to the intensity of this suppression. We all wait for that blessed moment


By the way, it’s no coincidence I am writing about Bill H., Bill M., and “James Mc” in the same RANT; as we – along with my friend “Dave from Denver” – formed the core of the GATA website for most of my “TEN YEARS OF HEAVEN AND HELL.” NO ONE embodies more “STICKTUITIVENESS” than us; although, I must admit it’s difficult to maintain when holding the aforementioned “PAPER PM Investments.”


As for those holding PHYSICAL gold and silver, we must deal with daily attacks on our net worth, credibility, and sanity. However, over the past 12 years, our assets have outperformed essentially ALL others; not only hedging against rising inflation, but positioning us to live freer, more satisfying lives. In many ways, absorbing the PROPAGANDA and public SHUNNING are as mentally damaging as the FINANCIAL attacks – which is why it is so rewarding to see the fruits of our efforts.


If you hold “PAPER PM Investments” like ETFs and mining shares, “STICKTUITVENESS” may or may not save you – per Bill Murphy’s comments above. However, with PHYSICAL gold and silver, you are essentially GUARANTEED victory; so long as maintain your convictions!



 

 

<< Previous article
Rate : Average note :5 (1 vote)
>> Next article
Andrew Hoffman was a buy-side and sell-side analyst in the United States (including six years as an II-ranked oilfield service analyst at Salomon Smith Barney), but since 2002 his focus has been entirely in the metals markets, principally gold and silver. He recently worked as a consultant to junior mining companies, head of Corporate Development, and VP of Investor Relations for different mining ventures, and is now the Director of Marketing for Miles Franklin, a U.S.-based bullion dealer.
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
MOST READ
March 27, 1980 : Silver Thursday, or the end of the The Hunt Brothers Story - History of Silver - Playboy  (4)
The Gold Bug (Edgar Allan Poe) - Treasures and Gold Fever - Edgar Allan Poe  (13)
The US Constitution and Money - Michael S. Rozeff - Mike S. Rozeff  (8)
What is Money? - Mike Hewitt - Dollar Daze
Most commented articles More... 
TOP RATED
The Gold Bug (Edgar Allan Poe) - Treasures and Gold Fever - Edgar Allan Poe  (13)
Discovery of Governmentium, the heaviest known element - Food for thought - Hat Trick Letter  (19)
The US Constitution and Money - Michael S. Rozeff - Mike S. Rozeff  (8)
Introduction to Economic Sophisms - Frederic Bastiat  (4)
Most commented articles More... 
MOST COMMENTED
100 Items That Disappear First in a Disaster - Beans Bullets Bullion and Bible - 24hgold  (17)
Most commented articles More... 
Latest Comments
In broadcast to India, GATA secretary says free market in gold woul...
12:07Chris A.1
Only a bimetallic standard would work with Gold and Silver. Gold alone would be a prison for the 99% as only Elites and Central banks own any of si...
‘Real’ Performance Comparison
26 MarChristopherbalz
Question: In the method of figuring inflation referenced, what is the rationale for adding population growth to productivity growth? Sugge...
100 Items That Disappear First in a Disaster
23 Markevthorne
68, 69 probably not that safe - particularly if you're growing your own vegetables - keep a Maine Coon cat instead: does the job automatically.
Farage Interviews Le Pen: “Prison of the EU”
21 Marneville1
BRITANNIA RULES THE WAVES AND NOW BREXIT WAIVES THE RULES. GO FOR IT FRANCE AND RID YOURSELVES FROM THE CHAINS OF IDIOTS. NOT SIN...
How the Fed Operates — And Why It's a Problem
20 Marramasart
In a nutshell, the Fed facilitates the theft of the value of the dollar, as they can control the increase in supply which at the same time inverts ...
How the Fed Operates — And Why It's a Problem
20 Marneville1
With all due respects for outlining how the crooked american Fed works or should work. From all our research we find the following the Fed...
Sparta - Gold prohibition in a collapsing economy
18 Markevthorne
You've answered none of the authors points: your comment is flat rubbish.
America Too Broke to Fix Crumbling Infrastructure? “Bridges, Roads,...
16 MarCameron Waugh1
Just like the leaders of the Bolshevik revolution were not Russians, those formulating belligerent US foreign policy are not Americans, and they ha...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS