The IKN Weekly doesn't panic.
I don’t think there’s anything here except an obvious buying opportunity on temporary weakness in the gold price. So that’s what I’m going to do next week by adding some (name removed). Or to cruelly steal from and unfairly edit one of my favourite authors, “The IKN Weekly...has many omissions and contains much that is apocryphal, or at least wildly inaccurate, it scores...in two important respects. First, it is cheap and secondly it has the words DON'T PANIC inscribed in large friendly letters on its cover”. Or it should have.Does all this sound a little too blasé for your taste, the cool and smooth newsletter writer pooh-poohing dissent, going full goldbug and giving it the “we go up from here!!!” (three exclamations de rigueur)? Well...yes maybe, but be in no doubt the tide has definitely and definitively turned, this is now a bull market for gold and its stocks. In a bull market be bullish, don’t be bearish. And you’ll also note that it’s really easy to agree with “Buy. Hold. Win.” when everything is going up, it sounds snappy and brings a smile to the collective face of my esteemed and highly respected readership. When such catchphrases really matter is when there has been a temporary reversal over the larger uptrend, the reminder grates more when your position has just lost 10% or 20% but it’s far better to annoy than appease.