Plunger (aka Burt Coons)
Plunger (aka Burt Coons) Articles
I hadn’t planned on submitting anything this weekend, however in light of Friday’s action I felt it may be useful. After Friday’s smashing in the commodities and precious metals market many investors are now rattled and may have bailed...
In deference to Mark Twain, I will review the USD, general stock market, precious metals, the electric metals and various other topics. In the past two weeks Rambus has been so prolific with such high impact charts that I find it a...
One can see from Rambus’ charts (below) that it appears PM stocks are still early on in the decline process. I would agree, but of course stocks don’t move in a straight uninterrupted line.
The consensus view in the precious metals sector is that we have embarked on the next great bull market in gold and silver. The story is gold and the entire mining sector bottomed in early 2016 and launched into its first leg up into early...
Everything is now aligned for the final upward impulse to complete Phase I of the great bull market in the PM stocks. All the technical work is now done. The backing and filling complete. The final fuel stop taken to fill up on short...
Here is a draft of my study of where gold stock prices are headed over the next 10 years. I regard it as rather epic. You have seen gold bugs bloviate about pie in the sky numbers. However I am trying to do legit analysis to come up with a...
Since early February I have visually described my position and mental framework in the precious metals market as being “Cool as a Cucumber”. This has served me well as it has allowed me to stay invested as the move powered higher and many...
Since January 20th the precious metal stocks have been in an upward impulse. I have classified this impulse as phase I of a new bull market. My essay “The three phases of a bull market” located on this site explains this in further detail.
It appears the great gold bear of 2011-2016 has now ended. Mr Bear has now completed his work of cleaning up all the garbage and malinvestment created by reckless management teams over the past 15 years.
That’s where it appears we are now, the final drive to the bottom. Rambus’ weekend charts still show how bearish the PM charts are and it will take a lot of work to turn them around and get them pointed back up, Having said that I see the...
