Replying to @highhand:Agreed in many counts, but the first one. It's speculation when it's on the markets and we bet its price goes up and down, but it also has a very particular property....store of value when all others goes to hell. In a reset, which has happened repeatedly over millenia, gold won't make u rich//@highhand:maybe. why not? but gold is speculative asset. there's no intrinsic value nor does it grow in value organically like a company... that's not to say it will not increase in value, but it's definitely more volatile and not necessarily correlated to a weak USD every time.
Replying to @zippyzo:Interesting, thanks for the comment//@zippyzo:Starting from the $1600 low, $GOLD has rallied around 20-22% per wave, with typical 6-8% pullbacks. In the current wave, we’re already up 22%, signaling a possible pullback to the $2600 area.
I don't think it will hold the full 50% by the closing... But this is what I have been saying. IF Gold and Silver stay up there...any news will make the explorers POP. IF they continue going up...it will be crazy
BUZZ-Australia's Aeon Metals set for best day in 14 years on land access agreement
$ARGENT MINERALS LTD(ARD.AU)$ , some 80 % potential to the upside...looking good FINALLY... but still a penny stock. Can go wrong easily, very wrong, very easy
$VanEck Junior Gold Miners ETF(GDXJ)$ Has anyone noticed how the ASX free trade cards have gone up from 999 points to....20,000! Is this a sign of what is to come there?
Goldie, goldie...You still playing tricks with us?...or this time is for real. Using GLD as proxie on a 32D chart, we can see the consolidation range and how the highs were not broken, yet the low range was...wyckoff spring. Declining volume while price consolidates being another sign of accumulation. 6 months chart...more insights. Volume pattern is just textbook...can see current range interacting with 2009-11 top range (distribution) More on future posts (for the points), and let's cherry pick dates a bit...last 23 years...putting crypto aside...can guess what is the best performing asset? (Spx, nasdaq or gold)?
I for one closed my shorts in gdxj last Thursday after 7? weeks and flipped long. In ASX, went for NST. That being said, not all signs of a bottom were met and author is right there might be one more violent leg down. Tonight was painful in GDXJ and the day is not looking good for NST and my old aussie explorers. Will monitor COT data sat morning and price action tonight and see what to do on Mon next week. Good luck all
@程俊Dream:Medium-term correction of GOLD may not be completely,Further decline lie ahead
CPI at 4 (core higher tho), rate pause/skip (as per consensus) or hike...either way, markets are falling & dollar will be up, real soon. Am I sure? No way, but positioned for it...if I am wrong, that's life, will have to close shorts and reasses...but sure as hell the signs are all over ....hype, bull, bull...90% of retail lose their moneys in 90 days, wasn't that the saying? Follow news n retail must be a great plan then
Hhundreds millions of users and relevant in more than China. "Just" tested liquidity at 58, sitting there since 2015...it is a hold for a long period, even if it breaks down again for months, not taking partial profits until 180 or so (more than double my average) That's how bullish I am on this one
nice one//@nickname168:Wolves of Wall Street. Not only a movie in which Leonardo DiCaprio again eluded the Oscar, wolves of Wall Street refers to stock market wunderkinds famous for unscrupulous success on Wall Street. Although many assume it was coined for Jordan Belfort, the real-life wolf that DiCaprio portrays, there’s evidence of the term being used almost a century earlier to describe diamond cane-brandishing braggart David Lamar. Lamar was jailed repeatedly, including for impersonating a congressman.
@MillionaireTiger:【Thursday Special】Do You Know Any Stock Trading Slang?