1426 replies to this topic

[senorBS]

gdx should fall to about 26.5 fwiw on this leg down 

eventually perhaps but I think we need several days of bounce/sideways first to set the stage for that, extremely oversold near term, we see

 

Senor

[gannman]

i agree senor

[linrom1]

 

Careful about Sprott. I remember back in 2011 he was touting silver when he sold ALL his stake. Note trend from beg of Feb.

Edited by linrom1, 01 March 2021 - 09:45 AM.

[linrom1]

Larry Presavento says that GDX is a buy at $30.69 and gold is a buy NOW or maybe wait to $1673. Anyway this week is a BUY.

[dharma]

i want to remind everyone that in march 2020 crude oil was 20 today it is 60 . when this months cpi comes out , look for it to show inflation at much higher levels. 

2items caught my eye.  these things were for me anyway a bit of a wake up call

1-https://pbs.twimg.co...pg&name=900x900

2-now this is a high wire act https://pbs.twimg.co...jpg&name=medium

just waiting for the market to finish this C correction.  it will be sooner rather than later 

patience

dharma

[gannman]

solver deliveries are off the hook great chart 

[ryanoo]

gold may be in for another decade long bear market. other areas are better such as banking, energy, real estate, and the clean tech (EV, battery lithium, etc.) leisure has been rising steadily expecting the end of pandemic and pent up demand for leisure travel. one key area of gold as the alt currency may be given to crypto currencies although they are still waiting for the emergence of more practical coins and adoption by institutions. but it signals the loss of gold as the currency base, especially at the turning point of world empires.  i think it wont be like the period post y2k for gold.

[ryanoo]

China's economy is expected to surpass USA in 6 to 7 years by 2027 or 2028, according to Economist.  In this case, would the rise of cryptocurrency be more beneficial to the US or not?  I would say yes because as the more decentralized the currency becomes the less power any one single country would have.

[dougie]

got to be close but the only divergences i see at very ST like 15 min

[dougie]

gold may be in for another decade long bear market. other areas are better such as banking, energy, real estate, and the clean tech (EV, battery lithium, etc.) leisure has been rising steadily expecting the end of pandemic and pent up demand for leisure travel. one key area of gold as the alt currency may be given to crypto currencies although they are still waiting for the emergence of more practical coins and adoption by institutions. but it signals the loss of gold as the currency base, especially at the turning point of world empires.  i think it wont be like the period post y2k for gold.

now we are getting somewhere