TD9 count, parabolic, MSM euphoria/ fear - Gold to Cool Off
the fundamentals on gold aren't good:
1. its a rock, King Midas can make the supply infinite
2. mining it is an environmental mess and energy waste
3. value is primarily speculative
4. ton of overhead bagholders from 1,500-2,000 days
5. crypto currency stealing new retail
6. being hoarded by fragile states/ regimes
7. regulatory risk during crisis times
8. massive derivatives & futures market pressure
9. new chemistry could obsolete its small set of utility applications
10. Peter Schiff, Rickards, Clif High, etc baby boomer ponzi crew
11. "Everyone Knows" its a good investment now right? Too Good to Be True pitfall
12. Its just a shiny metal from underground
13. Millennials are already post-gold, post-diamonds
1. its a rock, King Midas can make the supply infinite
2. mining it is an environmental mess and energy waste
3. value is primarily speculative
4. ton of overhead bagholders from 1,500-2,000 days
5. crypto currency stealing new retail
6. being hoarded by fragile states/ regimes
7. regulatory risk during crisis times
8. massive derivatives & futures market pressure
9. new chemistry could obsolete its small set of utility applications
10. Peter Schiff, Rickards, Clif High, etc baby boomer ponzi crew
11. "Everyone Knows" its a good investment now right? Too Good to Be True pitfall
12. Its just a shiny metal from underground
13. Millennials are already post-gold, post-diamonds
Comment:
not the best analysis in my career