Replies to post #2208 on Mining Sector Ideas

[gfp927z]

Bigworld, >>I don't see it dropping below $16 <<

What is your time frame for holding UVXY? If it's anything longer than a month, or at most two, the risks are extreme due to the erosion problem. Look at the chart --> a relentless down, down, down, with periodic spikes up. What you are trying to do is predict the spikes, but the penalty for being wrong is major. You have a LT buy / hold mindset, but are using a short term trading vehicle. Short term trading success requires being nimble, not being stubborn. I would do some paper trades before shelling out almost 200 K for a ultra high risk trade. I know you won't listen, but I wouldn't be a friend if I didn't try to warn you.



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[gfp927z]

Bigworld, Gold is closing in on 2800, and looks like it may soon blow through, and then the next targets 2900, 3000 will beckon. It looks like the dollar is finally weakening after its big runup, which should help the metals.

BRICS expansion is continuing (video below), which should accelerate the timeline for the new gold-linked BRICS currency. Rickards says the key to the new currency's viability is getting more countries into BRICS, and there are plenty who want to join. I'm curious to get Rickards' take on what effects Trump's policies could have on BRICS expansion, the new BRICS currency, de-dollarization, gold prices, etc.

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[gfp927z]

In addition to gold, the current Bitcoin chart setup is also looking like a breakout may be coming soon. Fwiw, I pickup us more of the Bitcoin ETF (IBIT), although only a $1000 position, which is the max allowed in my allocation model. Just a small amount, but it appears the 'stars + planets' are aligning for the cryptos.



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