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noam_chom
Jul 17, 2019 1:24 PM

TD9 count, parabolic, MSM euphoria/ fear - Gold to Cool Off Long

GOLD (US$/OZ)TVC

Description

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

Comment

not the best analysis in my career
Comments
JonathanMcBrine
You list all the reasons why not to buy but list as a buy
transparent-fx
thanks for sharing your work, in the end the market is our true teacher, i'm sure you will enjoy also my work, take a look if you want
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