Like a Libyan Dictator! – Gold Prepares to Die. (GDX)

Posted on March 31, 2021

[Housecleaning note: we’re a day early due to Passover travel plans.]

We’ll try to do this as gently as possible.

Not least because the majority of precious metals investors are… shall we say, sensitive types, who, while not quite snowflakes, are easily triggered when someone announces that gold is about to decline.

Fast. And. Hard.

And while we hate to play the role of micro-aggressor as much as the next right-wing, conspiracy-minded lunatic… someone has to tell the truth.

“Oh, so white!”

Anyway, the precious metals are on the verge of a nervous breakdown.  Along with those who’ve fallen in love with them.

The proof is in the charts – which we’ll get to in a moment.

But first a word on money.

To begin with, gold is money.

It’s the best money, as we’ve stated numerous times.

And it behooves us, therefore, to collect as much of it as we can, in keeping with the notion that having an abundance of resources is a smart, forward-looking and altogether realistic strategy of dealing with the vagaries and vicissitudes of life.

And yet, at times, that also means that we must sell it.

Yes, gentlemen, sell it.


Why, indeed! – so that we might buy more of it later.

Because unless you’ve implemented a regimen of acquiring precious metals using a strict gold/silver ratio strategy, you require money – cash dollars – to accumulate the stuff.

And that means dumping your gold when it’s about to take a spill.

Or, at the very least, getting on the right side of the trade in order to profit now – the better to purchase more of that joyous, aurous delight, cheaper, later.

Don’t get stuck!

Our trade today is based on the miners, specifically the VanEck Vectors Gold Miners ETF (NYSE:GDX).


Did you know we’re the ONLY ones in this industry who post a track record?

And why do you suppose that is?

Click HERE to view it.

And HERE to access your FREE 30 DAY TRIAL.


It’s a trade on which we’ve refrained from pulling the trigger for a while.

We wanted to be sure we saw the whites of their eyes.

The daily chart, below, will explain the matter in full.

Have a look –

Many happy returns,

Matt McAbby


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