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2018/2019 Bear Market
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jeffreyjerpp Online
Chubby Chaser

Posts: 441
Joined: Jul 2016
Reputation: 11
Post: #276
RE: 2018/2019 Bear Market
Gold is finally pulling back beneath the $1500 level. Hopefully silver comes back down, too.

I believe the precious metals are finally, after all these years, ready to make an amazing multi-year bull run.

Therefore I want to continue DCAing into GDX, and add SLV, and GLD to the portfolio.

Anyone else intent on doing the same? How far would you hope Gold pulls back before buying more?

I think anything under $1450 will end up doing very well in a 1 year+ time horizon.
09-09-2019 10:23 PM
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Kid Twist Offline
True Player

Posts: 2,764
Joined: Jan 2016
Reputation: 33
Post: #277
RE: 2018/2019 Bear Market
Yes, let me give you a quick taste of Chicago's state of Affairs: Muni at 23% funded, Police at 23%, Fire at 17%, the County a robust 60% (teehee) and the state of IL a symbol on your keyboard above junk bond status. Hmm.

Another great stat: at least one of the above pension funds, or more, got around 8% ROI over the last 10 years. Yes, the greatest bull run in the history of the country, post 2008 crisis.

These same funds stated goals are near yearly 7% just to keep their numbers in line, with some confidence. Sounds like they are hoping for a 40 year bull run, right?


Popcorn 2
09-09-2019 10:27 PM
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[-] The following 2 users Like Kid Twist's post:
jeffreyjerpp, BBinger
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