so stu your primary count is bearish, market needs to prove itself. so a reasonable assumption
yesterday , before the fed many facets of the sector had regained its 200dma but gold was unable to hold its 200dma. today gold has blown through its 200 dma. silver is on the cusp of making the last 3 months of action into a big base. a breakout would send the shorts scurrying
it seems we walk closer and closer to bull market territory. over the last so many years the bulls have notoriously fumbled
lets see what happens here rate hikes in december have been bullish for the pms. the fed is in hotel california. they are trapped. 0 rates have put undo pressure on pension funds. my guess is the fed is behind the curve.
the huge deficits that the governments of the world continue to accrue will be a ball and chain for mankind
the piper will be paid
dharma
senor i am a bit of a gambler. i like to think my gambling is educated. hennigh was chief geologist for newmont and has a long history of being tops in his field . so novo is quite an interesting strike gold at the surface . fully funded by sprott inc. et al . i believe this could be the largest strike in quite some time. novo has control of a huge land mass. on the break i loaded up around 150 , previous support area. i also took a flyer on pacton , who also has been accumulating a large land mass. we shall see. this is in no way investment advice. i know nothing. and prove that almost daily. happy holidays to all and happy new year
i also like to refer to the 70s fractal . 78 was the year gold broke the base and 79 it started on its tear. i believe the top will be in early 22 so we are somewhat behind the jan 80 high . i believe 18 is the base for 19 to begin the trek higher. this and the bus fare will get you on the bus.
