Investment Strategist
Contributor's Links: GoldTent.com

My name is Burt Coons.

My Pen name "Plunger" is a spoof based on a quote from P.J. O’Rourke, an American political satirist and journalist.

“Giving assets to a stock market plunger is like giving beer and car keys to teenage boys."

A ... more

ALL CONTRIBUTIONS

Bond Bull Over Or The Start Of The Final Blow Off Top?
Over a Trillion dollars has been vaporized in the bond market in just one week. The phrase “blood bath” is an understatement as the widows and orphans have been routed. This isn’t supposed to happen in the the bond market.
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Macro View: U S Bond Ready To Enter Melt Up Phase?
The 30 year bond bull market has reached it end and is about to implode.
Read
Precious Metals Bull Phase 1: Final Impulse Dead Ahead
Everything is now aligned for the final upward impulse to complete Phase I of the great precious metals bull market. All the technical work is now done. It's time for short sellers to provide the fuel for the final surge powered by short covering.
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Gold Stocks Ultimate Objective In A World Of Monetary Transition
The world’s monetary system is in a slow motion train wreck. Gold is emerging from the shadows to become the world’s premier currency once again, and gold stocks are the best proxy to capture this trend. How high could the precious metals stocks go?
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Battle For The Matterhorn: Update
Gold has gone on to build out a complex double Cup & Handle pattern and encountered its first major resistance at the previous “Matterhorn” peak of $1309.
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Mr. Cool Cucumber Is Starting To Sweat
I am still of the view that the gold price doesn’t go much further down from here. Maybe down to 1180 gold or 180 HUI. But before that, I first think we are due for a bounce here.
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Comments

Latest Comments
Correction Over, Gold & Gold Stocks Eyeing New Highs
6 months ago

As you correctly point out gold could have corrected to $1280. Since it didn't we again find ourselves with lots of wannabe gold holders on the sidelines. They are now set-up to chase the rally.

In this article: , GDX, GDXJ, GLD
Bull Markets That Follow Epic Bears
8 months ago

Very good observations. Your approach and findings are consistent with what I have proposed from a different method. I have seen this as a Phase I of a new bull and in that phase stocks return to "known Values" which I have suggested are around HUI 350, where the point of recognition was in both the preceding bull and bear markets. Also like the bull of 1982 in the general stock market stocks took off and didn't correct for 17 months.

In this article: GDX, GLD, HUI
Complacency Over Coal's Collapse: Factors To Consider
8 months ago

Tons of data here, enjoyed the article, I wish there was a more conclusive strategy presented going forward.

As for myself, if we increase the tax on coal we must certainly penalize the more damaging methane by installing the "Fart Tax"

In this article: KOL
GDX Put-Call Chart
8 months ago

It would help me to understand the meaning of the chart if I could get further interpretation. Just thought it was too abbreviated

In this article: GDX
GDX Put-Call Chart
8 months ago

Need some more analysis

In this article: GDX
The Three Phases Of A Bull Market
9 months ago

Its possible, but remember gold is not a commodity, its not consumed

In this article: HUI, USO
The Three Phases Of A Bull Market
9 months ago

General stock market- apparent bear

Precious metals- likely bull

In this article: HUI, USO
Oil: $55 - $60 Here We Come
10 months ago

I have been "all in" in the PM sector since early FEB. Regarding oil I am somewhat neutral, but on sidelines. I don't think bear market is over yet is my analysis, but not interested in playing downside since upside PMs is the place to be right now.

In this video: OIL, USO
Oil: $55 - $60 Here We Come
10 months ago

Like you know how I am positioned?

In this video: OIL, USO
Oil: $55 - $60 Here We Come
10 months ago

Wow, does Gary realize his tone of voice is extremely condescending to those on the other side of the trade?

In this video: OIL, USO
1 to 10 of 10 comments

STOCKS I FOLLOW

ATUSF ALTIUS MINERALS CORP
DAL Delta Air Lines Inc.
GDX Market Vectors Gold Miners ETF
MUX McEwen Mining Inc
MVG Mag Silver Corp
SLV iShares Silver Trust
SLW Silver Wheaton Corp.

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LATEST ACTIVITY

Plunger Commented on Correction Over, Gold & Gold Stocks Eyeing New Highs:

As you correctly point out gold could have corrected to $1280. Since it didn't we again find ourselves with lots of wannabe gold holders on the sidelines. They are now set-up to chase the rally.

Plunger Commented on Bull Markets That Follow Epic Bears:

Very good observations. Your approach and findings are consistent with what I have proposed from a different method. I have seen this as a Phase I of a new bull and in that phase stocks return to "know...

more
Plunger Commented on Complacency Over Coal's Collapse: Factors To Consider:

Tons of data here, enjoyed the article, I wish there was a more conclusive strategy presented going forward.

As for myself, if we increase the tax on coal we must certainly penalize the more damaging metha...

more
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