Bob Moriarty
Nov 15, 2021

I make it crystal clear in my investment books Nobody Knows Anything and Basic Investing in Resource Stocks that there is no magic to investing if you follow a reasonable set of rules. As I have so accurately pointed out just recently, predicting the future of any price movement can be fraught with problems. However looking at a map to see just where you are today is easy and important.

We had a low in gold, silver and the resource stocks right at the end of September. Since then the DSI has gone higher, the XAU over gold is higher and the Gold Miners Percentage Index is higher. All indicated a turn about six weeks ago. We can’t know when the metals and shares will top but those indicators will show us sentiment with great accuracy. That is just as true at tops as it is at bottoms. There is a lot of free information available that anyone can use to navigate their way through shoal waters…

CLICK HERE to read the full article.

One thought on “Moriarty: “Buying Lion One is Like Stealing”

  1. Sach says:

    If there is to be tax loss selling before year-end, and a coming market correction / liquidation event, and slow performance by this company, then I wouldn’t touch this stock until it hits 48 cents USD.

    My biggest shock continues to be Australian miners like Novo because the country risk has gone from low to high, with Australia becoming a socialist Nazi empire that persecutes not jews but rather the unvaxxed. Fiji government are not leaders but followers and there is no reason to believe they won’t continue to follow Australia’s approach.

Leave a Reply

Your email address will not be published. Required fields are marked *

Name *
Email *
Website