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GLD and NUGT hold support...so far


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#1 Rogerdodger

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Posted 13 May 2022 - 11:15 AM

NUGT Had to hold $40!

 

https://schrts.co/cezbgYQU


Edited by Rogerdodger, 13 May 2022 - 11:16 AM.


#2 dougie

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Posted 16 May 2022 - 07:11 PM

NUGT Had to hold $40!

 

https://schrts.co/cezbgYQU

nice one RD; you buy some?



#3 Rogerdodger

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Posted 17 May 2022 - 09:42 AM

you buy some?

 

No, I am in this camp for now:

 

Gold and Silver push resistance, look for failure

 

Gold and silver are pushing up against resistance, gold at $1,830 and silver at $22. The highest probability is a failure from these levels. In other words, this looks like a selling opportunity. There is no guarantee; however, the probability is the metals will go back and test the recent lows.

 

Cash Hoarding Highest in Two Decades...

 

I have memories of seeing GOLD being sold along with everything during the 2001 financial crisis.

Lots of horrible gambling losses of money with the recent crypto-casino fiasco...as I expected.

$USD could again be the cleanest dirty shirt in the laundry:

https://schrts.co/nMveEkXj


Edited by Rogerdodger, 17 May 2022 - 01:04 PM.


#4 dougie

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Posted 17 May 2022 - 02:29 PM

 

you buy some?

 

No, I am in this camp for now:

 

Gold and Silver push resistance, look for failure

 

Gold and silver are pushing up against resistance, gold at $1,830 and silver at $22. The highest probability is a failure from these levels. In other words, this looks like a selling opportunity. There is no guarantee; however, the probability is the metals will go back and test the recent lows.

 

Cash Hoarding Highest in Two Decades...

 

I have memories of seeing GOLD being sold along with everything during the 2001 financial crisis.

Lots of horrible gambling losses of money with the recent crypto-casino fiasco...as I expected.

$USD could again be the cleanest dirty shirt in the laundry:

https://schrts.co/nMveEkXj

 

thanks



#5 Rogerdodger

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Posted 18 May 2022 - 09:29 AM

https://www.kitco.com/
Gold prices stuck around $1,800 as U.S. housing starts fall ...
Price pressure on gold, silver as bond yields on the rise ...
Gold and silver fail once again
King dollar continues to drive markets



#6 Rogerdodger

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Posted 18 May 2022 - 09:32 PM

This opinion is what you payed for it:

Market crash to last until 2024; Gold to hit $900 before a rebound - ...

 

History shows a 40 percent crash within the first several months.”

He explained that the Federal Reserve’s “money printing” has sustained the economy up until now. Yet when the crash comes, it will be worse than people think.

“We’re about to go into a recession already… There’s no soft landing here. The Fed is hoping for that. They don’t understand the underlying trends of the economy… We are so overstretched, the biggest bubble in everything…

.


Edited by Rogerdodger, 18 May 2022 - 09:34 PM.


#7 dougie

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Posted 20 May 2022 - 08:09 PM

This opinion is what you payed for it:

Market crash to last until 2024; Gold to hit $900 before a rebound - ...

 

History shows a 40 percent crash within the first several months.”

He explained that the Federal Reserve’s “money printing” has sustained the economy up until now. Yet when the crash comes, it will be worse than people think.

“We’re about to go into a recession already… There’s no soft landing here. The Fed is hoping for that. They don’t understand the underlying trends of the economy… We are so overstretched, the biggest bubble in everything…

.

when was the last time harry dent was right?



#8 Russ

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Posted 23 May 2022 - 11:42 PM

Since you don't go onto the main post in this forum which is usually started by Dharma, then you don't know that I just predicted the low in Gold on a few charts including NUGT, NUGT was still about 80 dollars when I predicted the fall,  the Gold chart has trends now developing for a high in August. Charts below.

 

Also: Armstrong/Socrates looking for a rally into June 20 for Gold if it can close on the weekly basis above 1848. A monthly May closing above 1835 will imply  a rally into the Silver benchmark date of June 20. 

 

 


Edited by Russ, 23 May 2022 - 11:44 PM.

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#9 Russ

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Posted 23 June 2022 - 02:09 PM

GDX Di-vergences on major support.

 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/