3 replies to this topic

[Rogerdodger]

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.

[fib_1618]

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

 

Fib

[CLK]

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

[fib_1618]

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