The "Wicked" Gold Chart

And the fundamentals are, we are in a mode where we're kind of consolidating after a boom and a bubble.

So what happens, you have a market, it goes into a boom phase, everybody gets FOMO, queues down the street to buy bullion, you get a bubble and then people go to sell and nobody wants to buy it because all the buyers have bought or another way in this case with silver the professionals didn't want to buy it because they thought it was too high so when you show up to sell it to them they go no don't want it because they don't want to be holding the baby at the top or even more fundamental reason the whole chain of you selling your bullion to them is now stuffed with people selling and it going back into reminting that's what happened with silver so people were selling their silver and the actual chain that takes your coin and then turns into bars and then maybe remints into coins that was full and the shops the stores that were selling boolean coins didn't want to be the bag holder at the top of the market so they were not prepared to give a good offer And, you know, they were right.

That was the bubble point, and it crashed.

And now we're back down to $60.

It's halved.

So, you know, if they had bought everything that anybody wanted to throw at them at $120, they would have probably gone bust, actually.

That is what happened to silver.

Boom, bubble, bust.

So we're post-bust now, and in a phase of consolidation.

The market is basically getting its...

the market is basically getting its balance back.

And that's where we are right now.

So this is the chart of where we are now.

And you can see that area is where we're consolidating.

And probably, in the not too distant future, we'll get back to the low of that.

Now for me, the bigger picture is that straight line, which I've marked as the bigger picture.

That is the long-term trend.

And that's up.

So, you know, in a couple of years, we'll be back through previous highs.

Not bad if you hold gold.

A lot of you out there are stacking anyway, so you don't care.

You can see this as a buying opportunity.

Well, I would see it perhaps as a saving opportunity.

It's not a trading opportunity because there's three phases, really.

There's three ways of looking at what you do in the markets.