darksidejosh
Long

Gold multi year bull trap?

TVC:GOLD   CFDs on Gold (US$ / OZ)
Mentioned to my PM dealer i thought the gold chart looked like a massive bull trap and his eyes rolled back in his head like i had slapped his silly face. considering the competition gold is about to get from bitcoin (over the next 10 years) i wouldnt be surprised if more people dumped profits into sneaky silver . Just an idea. see how it plays out into the future! looks like it bounced off the top of the cloud and is headed back down. if it drops below 1200, id be really interested to see how long it takes to get to 1k, 800's and 600's.

FA: mellenials will flock to alternative investments when btc bear trend ruin's portfolios over a long slow decline. Gold is "too expensive" as in, foolishly, you can only own 1x1oz coin for 1300 opposed to 78x 1oz silver coins for same $ cost. this doesnt MEAN gold is superior, just that the general gen y investor (jon q public) is a short sighted, greedy fool. MORE IS BETTER! similar to the ltc boom in dec 17, people assume because it costs "less" for "more" it is a better value.

I could be way off. just putting it out there.
my outlook for the short/ lt future

1 year:
BTC: bear
Gold: neutral/bear
Silver: neutral/bull
Oil: neutral/bull

5 year:
BTC: neutral/bull
Gold: bear
Silver: bull
Oil: neutral

10 year:
BTC: Bull
Gold: bear
Silver: bull
oil: bear

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