Awesome Stocks

[gfp927z]

>> Gold - cup and handle <<


Yes, since mid 2020 the gold chart was trying to form a cup + handle formation, but over the last 3 weeks it has morphed into what looks like a bearish double top. But the longer term gold chart actually has a much bigger cup + handle that has formed since 2012. The 'cup' from the recent 2020-22 formation is actually the 'handle' within the 2012-22 formation.

Gold has held up a lot better than silver, and chart-wise silver looks vulnerable. Silver bullion also has the disadvantage of having much higher premiums over spot, compared to gold. Some of the cheaper silver is ~ 12% over spot, compared to only 4% over spot for gold. So the ETF route has a big advantage in that regard, but also some disadvantages. The miners have more upside potential, plus a dividend, but also more downside volatility.

Owning some rural land/real estate still seems like the best solution, better than having an overly big % allocation in gold imo.



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