History repeats.
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46,000 GM autoworkers strike.. Should help the gold naritive..
https://www.freep.com/story/money/cars/2019/09/15/uaw-strike-gm-autoworker-contract-talks/2333883001/
Figure you'd enjoy this.
Jeeze.. Forgot about the Saudi drone attack. Gold and silver are on a tare so far..
https://news.sky.com/story/iran-says-its-ready-for-war-with-us-after-saudi-oil-attack-accusations-11810252
I expect the downside momentum to continue early in the week followed by a run up for $gold and $GDX HARD.
Everything just needed reset.(shake the weak and emotional out)
A good source..
https://seekingalpha.com/article/4291351-quant-quake-crushes-momentum-stocks-now-time-buy-value
Short term. Gold will win long term imo.
Dumb algos seeking value..
Dumb algos..
This is the PULLBACK everyone wanted a month ago.
Capitalize with incremental buys.
It would be a good idea to establish a base holding, if ppl haven't already done so for insurance perposes.
Glta
This is probably the easiest trade I've ever made..
Blow off top for the bubble stocks with big boys selling. All while manipulating to establish their positions in GOLD. jmo
LOOK @ silver.. ($SIL & $SILJ) Easy BUY.
Glta
WOW..
Up over 30% still, but this is getting ridiculous.
All the more reason to be long.
(Can't hold a beach ball under water forever)
Will go higher the more manipulations that occur imo.
ECB cuts rates and restarts asset purchases.
https://www.ft.com/content/97fe945e-27ed-3c59-a81f-8371cf78f27d
Rotating out of $DUST looks to be a good idea if you havent done so already..
$JNUG/$NUGT/$SIL/$SILJ looks to be almost ready if not ready.
Glta
Jim Rickards right on the $.
Very good interview taped july 2018
True.
August jobs report:130k jobs, 160k expected..
$DUST Looks good for a short term hedge.
TA/FA looks ready..
If ppl are bored.
I'm holding 70% miners long.(Bought bottom and dont want to interrupt my long term capital gains)
Major supports
$Gold 1500
$Silver 17.50
$NUGT 27-30
That's the best part of silver focused miners.
You get just enough gold to get the markets attention, but when golds down you get the silver rally.
Silver indexes
$SIL $SILJ
My silver miners
$CDE $HL $FSM $EXK
Glta
$CDE Still holding.. ;^)
I think we will hit 25$ for sure.
Long term we could easily retest the highs.
If you don't believe an ecomony should be run by debt based consumption vs saving and producing, things have only gotten worse since 2008. So.. In theory we break the highs easy.
We are in the disbelief stage in the market psychology atm.. But after 20 we have a lot of room to the next real resistance.
I'll be in the metals and miners for a long time to come.
https://usdebtclock.org/
Agreed. When it's gold's time, its gold's time.(Or silver ;^)
Scary to hold when you've got a traders instincts, but gold(or any commodity) trades much differently due to the underlying fundamental changes trumping the technicals.
Dont get me wrong there will be dips, but they wont be as dramatic as the traders want due to the steady amatuer traders and funds flowing in with long positions on any small pullback..
Ive literally been watching the market like a hawk for the last couple years and luckily timed it perfect.
A lot of good traders that sold the technicals will most likely be chasing the true monster rally(s) or buying the dip on something they shouldn't.
Bubble popping soon.
Glta
Holding STRONG.(Whole portfolio up almost 40%)
$CDE $HL $FSM $EXK $IAG $GORO $ALO $NGD
+Physical gold and silver(heavy silver)
https://www.cnbc.com/2019/08/26/lehman-like-drop-nomuras-masanari-takada-warns-it-could-happen-in-a-week.html
My silver miners are down and silver is rallying.. My gold miners are up and gold is down.. Go figure.
Markets dead cat off a call Trump didn't get from China.. Lol
Holding STRONG.
Holding strong.
$CDE
All my miners are going crazy. Wonder where they'll be when all is said and done..? ;^)
Bubble popping.
Gold getting more and more popular day by day..