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
$ARGENT MINERALS LTD(ARD.AU)$ , 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)?