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[USER=72130]@aus_trader[/USER]
I'm clueless in Seattle, which is why I looked for someone to follow as to what lies ahead. I put it into this thread: David Hunter Market Collapse Prophesy

So with the massive drop overnight I am a bit concerned that DaveHcontrarian (twitter) might have overestimated and mistimed the 'melt-up' but I am sticking with his outlook. He put out a tweet reply in the last few hours that this SPX/DJIA plunge has not budged his view, so I just await developments. I am not a trader, it's a big deal for me to sell 30% of my shareholdings.

I have a physically backed gold and silver account with my metal dealer and that will remain untouched. I was around and invested for the 2008 crash and saw gold crash and gold miners crash along with the general market. Mind you they turned quickly at the bottom. We saw what happened to gold miners in March this year - they were no help at all, one of the best, SAR, was down 39% peak to trough in less than a month, NST down 40%. Personally I won't be focusing on gold miners when trimming, I will just be paring them along with the rest and probably a bit lighter than general stocks. Cash will be needed I believe.

DaveH reckons the second shoe to drop will be way worse than March in quantity and duration. About gold, I think he said he expects as low as $1,000 USD but favours a bit higher, maybe $1,200 USD. He thinks by 6 -7 years after the 12-18 month 2020/2021 bust Gold will reach +$10,000 USD, participating in a highly inflationary recovery cycle - gold miners will perform like dotcom stocks of the 90's. Again, all his ideas, not mine.

SAR in March
$4.50 - 2.75 = 1.75
1.75 ÷ 4.50 x 100 = -39%

NST in March
$15 - 9 = 6
6 ÷ 15 x 100 = -40%

<blockquote data-quote="finicky" data-source="post: 1076831" data-attributes="member: 2104">[USER=72130]@aus_trader[/USER]I&#039;m clueless in Seattle, which is why I looked for someone to follow as to what lies ahead. I put it into this thread: <a href="https://www.aussiestockforums.com/threads/david-hunter-market-collapse-prophecy.35502/" target="_blank">David Hunter Market Collapse Prophesy</a>So with the massive drop overnight I am a bit concerned that DaveHcontrarian (twitter) might have overestimated and mistimed the &#039;melt-up&#039; but I am sticking with his outlook. He put out a tweet reply in the last few hours that this SPX/DJIA plunge has not budged his view, so I just await developments. I am not a trader, it&#039;s a big deal for me to sell 30% of my shareholdings.I have a physically backed gold and silver account with my metal dealer and that will remain untouched. I was around and invested for the 2008 crash and saw gold crash and gold miners crash along with the general market. Mind you they turned quickly at the bottom. We saw what happened to gold miners in March this year - they were no help at all, one of the best, SAR, was down 39% peak to trough in less than a month, NST down 40%. Personally I won&#039;t be focusing on gold miners when trimming, I will just be paring them along with the rest and probably a bit lighter than general stocks. Cash will be needed I believe.DaveH reckons the second shoe to drop will be way worse than March in quantity and duration. About gold, I think he said he expects as low as $1,000 USD but favours a bit higher, maybe $1,200 USD. He thinks by 6 -7 years after the 12-18 month 2020/2021 bust Gold will reach +$10,000 USD, participating in a highly inflationary recovery cycle - gold miners will perform like dotcom stocks of the 90&#039;s. Again, all his ideas, not mine. SAR in March$4.50 - 2.75 = 1.751.75 ÷ 4.50 x 100 = -39%NST in March$15 - 9 = 66 ÷ 15 x 100 =&nbsp; -40%</blockquote>

[QUOTE="finicky, post: 1076831, member: 2104"] [USER=72130]@aus_trader[/USER] I'm clueless in Seattle, which is why I looked for someone to follow as to what lies ahead. I put it into this thread: [URL='https://www.aussiestockforums.com/threads/david-hunter-market-collapse-prophecy.35502/']David Hunter Market Collapse Prophesy[/URL] So with the massive drop overnight I am a bit concerned that DaveHcontrarian (twitter) might have overestimated and mistimed the 'melt-up' but I am sticking with his outlook. He put out a tweet reply in the last few hours that this SPX/DJIA plunge has not budged his view, so I just await developments. I am not a trader, it's a big deal for me to sell 30% of my shareholdings. I have a physically backed gold and silver account with my metal dealer and that will remain untouched. I was around and invested for the 2008 crash and saw gold crash and gold miners crash along with the general market. Mind you they turned quickly at the bottom. We saw what happened to gold miners in March this year - they were no help at all, one of the best, SAR, was down 39% peak to trough in less than a month, NST down 40%. Personally I won't be focusing on gold miners when trimming, I will just be paring them along with the rest and probably a bit lighter than general stocks. Cash will be needed I believe. DaveH reckons the second shoe to drop will be way worse than March in quantity and duration. About gold, I think he said he expects as low as $1,000 USD but favours a bit higher, maybe $1,200 USD. He thinks by 6 -7 years [B]after[/B] the 12-18 month 2020/2021 [B]bust[/B] Gold will reach +$10,000 USD, participating in a highly inflationary recovery cycle - gold miners will perform like dotcom stocks of the 90's. Again, all his ideas, not mine. SAR in March $4.50 - 2.75 = 1.75 1.75 ÷ 4.50 x 100 = -39% NST in March $15 - 9 = 6 6 ÷ 15 x 100 = -40% [/QUOTE]

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