You two got it... logged on to ihub just to saythat I have the same view here. Gold is showing strength and some people are too brainwashed by fundamentals to see what is right in front of them.
I took a small position here at 3.25 and then took a bigger position when we got below 2. The stock movement didn't make sense, looked tired and ready for the reversal. I have always been interested in foreign trade/currency and the effects of Globalization. The current status quo right now, points to gold.
BUT OIL is down and the dollar is up! Shouldn't Gold go down too??!?! (people may ask)
US dollar is not looking good for 2015 IMO. Besides the monetary policy being used by the fed...I think there will be a major uproar this year for wage equality and raising the min wage. I think we are going to face a list of social problems that society wants to be addressed, no matter the economical cost. Think of how many currencies have existed in human history and the fact that gold is still used...The fact that a house can burn down and burn your cash, or a bankrun occurs. Gold can't disappear :)
Buy Gold.
Follow me on Stocktwits @ Phish802.
I'm a swing trader, who likes bottom/value plays. I don't get vocal about too many stocks, I only share advice when I feel it's true and honest. Everything is my opinion and I seriously like gold here. My big question now is... Do I stay w/ the miners in JNUG, or is there a better gold stock/ETF for us BULLS. I am not bearish in any way on gold. The gold chart says enough for me.
