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NUGT HOLDS Support...NOT!


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#1 Rogerdodger

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Posted 23 June 2022 - 01:18 PM

NUGT-38.jpg

NUGT Had to hold $40!

Posted 17 May 2022 - 09:42 AM

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you buy some?

 

No, I am in this camp for now:

 

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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, 23 June 2022 - 01:24 PM.


#2 fib_1618

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Posted 23 June 2022 - 02:52 PM

The precious metals asset class is an accident just waiting to happen.

 

Fib


Better to ignore me than abhor me.

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#3 CLK

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Posted 23 June 2022 - 03:41 PM

At least crypto moved the last 2 years, gold looks about flat, so 2 years wasted looking for a trade.

#4 fib_1618

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Posted 23 June 2022 - 04:02 PM

At least crypto moved the last 2 years, gold looks about flat, so 2 years wasted looking for a trade.

 

My ongoing thinking has been that crypto reacted like gold with this round of excess liquidity...a pattern very much like 1979 to 1981.

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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