Member
Posted 06 May 2016 - 09:43 AM
I will be pleasantly surprised if Gold and GDX both make a new high next week.
I think the present consolidation/correction needs some more time to conclude.
Not selling anything however no matter how tempted I may be for some DUST
as a hedge.
Edited by tria, 06 May 2016 - 09:44 AM.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
Member
Posted 06 May 2016 - 12:23 PM
GDX may have completed a B-wave up here, with a target of 22.6 if C=A. Retrace stopped at 75%.
Tim
Posted 06 May 2016 - 10:22 PM
what he is talking about later is how you wont be able to use gold or silver, try buy a loaf of bread
with a $400 silver coin. This is why the 1964 silver dime is worth more than new silver.
Gold will be worth less in the middle of it because you have to convert it to worthless cash to use it.
Which is my point that the gold and silver is mostly for the other side after depopulation , it may be useful
for passage out and bribes for example some high ticket items. But at first, cash will spend for a while. So some metals
really have to be staged off shore. A substantial stock in things like bar soap and toilet paper works for barter. I am going
to turn hoarding efforts to some cash. I don't guess bitgold (electronic) is the same they can shut it off, it real and offshore
but can be made inaccessible. Not too much in that, some for diversification.
I took a traffic detour into a neighborhood of maybe $20k-40k houses, they have them around here $10k houses common too,
with 5 little tax credits the porch no crap right out of the stereotype myths. Many had new Cadillacs out front with some makeshift home built carports.
Greg Hunter getting hard core with Nichols. I don't see many new cadillacs in my neighborhead were the trash labor tax lives.
Edited by AChartist, 06 May 2016 - 10:23 PM.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
Member
Posted 07 May 2016 - 08:23 AM
Record long net spec gold futures positioning (271,648). just some info
tria is the master ;-)
what about the greeks, all the same headlines as one year ago, truly a joke, wonder if tsipras get it the plan through parliament or if any german bundestag vote passes again
any proud greek should call him "sipras", no, the silent T must be earned ;-)
Member
Posted 07 May 2016 - 01:41 PM
At some point a shake out is coming. question is from where?
