History repeats.
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More to come.
https://www.foxnews.com/politics/troops-middle-east-baghdad-embassy-kuwait
https://www.wsj.com/articles/kim-says-north-korea-will-unveil-a-new-strategic-weapon-11577832679
https://www.seattletimes.com/business/investors-have-enjoyed-bull-market-for-the-ages-but-many-americans-have-been-left-out/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_all
Glta
$UVXY Holding. Will bring cost avg(12.67) down if possible..
glta
I am happily HOLDING $NUGT(25% gain) and $JNUG(30% gain) as I am my other GOLD miners..
Made the trade because I saw $GOLD's downtrend break coming. Yes GOLD not anything else.
Lmao
Higher prices coming.
Glty
$NUGT short term traders see resistance that they think will be too much for $gold. They will be replaced with stronger hands trading fundamentals. When gold breaks resistance the 'charters' flow back in and take us to $40+ in Jan.
https://www.dailymail.co.uk/news/article-7839679/US-embassy-Baghdad-evacuated-angry-Iraqi-protesters-descend-complex.html
https://www.wsj.com/articles/threat-grows-from-north-korea-during-nuclear-deadlock-with-more-to-come-11577724066
https://finance.yahoo.com/news/u-consumer-confidence-unexpectedly-drops-150638807.html
More to come.
That's the going narrative. Hope it works in order to accumulate more commodities(gold, silver, pork, oil, and grain).
Can't wait to see $golds reaction when the fed makes the announcement they're going to resume cutting interest rates and officially start QE4..
We will see.
Glty
The 'stimulus' they've added this year has a 50/50 shot at pushing equities higher(pump) while more smart money/insiders liquidate(dump). Smart money has already begun positioning in gold.(current rally)
Equities could push up around 5%,(30k dow) but in that time $gold will be pushing towards all time highs.
(Its not worth the risk to jump into equities compared to gold based assets)
Volatility($UVXY) will increase dramatically SOON.
The 'stimulus' they've added this year has a 50/50 shot at pushing equities higher(pump) while more smart money/insiders liquidate(dump). Smart money has already begun positioning in gold.(current rally)
Equities could push up around 5%,(30k dow) but in that time $gold will be pushing towards all time highs.
(Its not worth the risk to jump into equities compared to gold based assets)
I think it's likely this has already happened.
Agreed, market will go higher, but the cost of producing those gains via 'stimulus', will only further sacrifice the dollar and will cause golds gains to be far greater..
But you may be right about a possible retail blow off top/pump and dump coming before more 'stimulus'.
Either way gold is in rally mode. ;^)
I'm just glad I rebalance before breaking the downtrend.
All my opinion.
Agreed, if gold holds its gain w/o some consolidation overnight, exciting times ahead. If not, it will begining of Jan.
Next year gold breaks into 1600's minimum and miners profits shoot over 90% on avg from a year ago.. ;^)
Fact: $Gold and $Silver will be moving to all time highs inevitably long term due to everything only getting worse than in 2008..
https://www.usdebtclock.org/
Don't get me wrong love Trump, but hate that he knowingly is blowing this bubble bigger..
$UVXY Good stuff to come.
Should be interesting indeed.
In the short term, there isn't any more catalysts to take the market higher..
Even if Trump locks in the 'trade deal' there will be a sell the news scenario.
(Not saying I don't like the guy)
Only 'positive' for the market is the 'stimulus', but that's not enough to stop a psychological correction.
There will be a correction and the media will pump the volatility soon.(Chronies have been loading volatility indexes under the radar while they pump the markets)
Glty
Agreed, LONG term outlook looks great.
Could not perform as well as some that are still near 5 yr lows, but it will perform long term that's for sure.
$CDE has treated me well.
Still very early to a very long silver bull run.
Glty
See you next higher within the next 2weeks..
Watch the overall market with the geopolitical risks,'trade deal' BS, and stealth QE4... When the market turns hard 'fed' will have to start cutting and rates are at 1.5 ;^)
and IF this 'decay' is out paced by a BIG influx of demand...;^)
The reason gold AND miners dipped is the market believed that the 'fed was going to keep hiking/'normalizing' interest rates,of which, gave the false belief the economy is 'amazing'.
Then the 'fed' started stimulus(cutting rates and increase balance sheet by 100's of billions) Causing the current gold rally. Market doesn't have as much confidence in the 'fed' and will have even less when the market turns within the next year. Confidence/USD will only fall further while gold rallies.
Now imagine the demand not being cut short due to the 'fed' being corned with less 'ammo', 'tools', 'stimulus'...etc(already doing QE and rates are @ 1.5)
Smart $ won't be tricked again.(look at Japan)
glta
LOL we ran 26% in 3 days it's called consolidation... $NUGT
Fed balance sheet correlation to mining stocks..
Weird, it looks as though when the 'fed' increases its balance sheet and artificially suppresses interest rates $GOLD(#MININGSTOCKS) SKYROCKET.. Just wait for the market to realize how bad this really is for the USD($)..
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
https://www.federalreserve.gov/monetarypolicy/openmarket.htm
Who would have thought...? ;^)
TREND CHANGE
$FSM HOLDING STRONG.
$GORO Holding STRONG.
MUCH MORE AHEAD IMO.. ;^)
$EXK Happy I added to this when I rebalanced my portfolio.(HOLDING STRONG)
#EASYMONEY
Easy $. HOLDING STRONG.
See everyone WHEN we break 2016 highs.. ;^)
Up over 150% so far..
Glta
Oh yeah bud. HOLDING STRONG!
Much more to come in the months ahead.. ;^)
Up 180%+ so far expecting to beat 2016 highs easy.
We're losing the trade war, doing hundreds of billions in QE, lowered interest rates 3 times, and the dow futures jumping on being further back then where we started before tarriffs were enacted..?(Trump cornered by ignorant market and China) Lmao, what a mess.
https://www.cnbc.com/pre-markets/
Lol.. How could my arguments from YESTERDAY be thrown out the window when you post PAST posts.. Things change after further thought and data. lmao
Short term trading at this time is a JOKE.
Beauty is time will tell who's right in their overall market analysis. ;^)
I don't have time for this anymore. You know where I stand and I know where you stand.
glty
I would respond quicker if there was enough testosterone left in you two to direct message me.. ;^)
And I've noticed no responses to my questions or thanks for the lessons from yesterday..?
Since June $NUGT up from 14.50 to 28.88 currently (99% gain) and MUCH more to come before the EOY.
How bout we measure ones gains. You 'trade' and I'll just for kicks go off current pricing @ 29 and see who end up with the most % gain by the EOY??
glty
Reason for dollar gold trending higher.
Do I have to list them? Or will you learn how to work a computer? I'll let you figure it out. Lmao
And yes I will keep stating my opinion based on FACT.. ;^)
Just remember you started it.
I only returned the favor..
It's only a gamble.(short term prediction in today's crazy volatility) You're somewhat talented at it. I'll give you that. Cheers.
Truly glty