Gold - During a Gold Rush, the Best Business is Shovels
Gold follows a surprisingly similar pattern to Bitcoin in 2016 during the beginning of its run up around $2,900. The dump from $2,900 to $1,800 almost wiped a lot of people out. It did wipe a lot of people out. Mostly, a lot of people got stopped out "managing their risk" at the point where it bounced. Then the market makers laughed and sent Bitcoin sharply north.
Gold is going to correct to uncomfortable levels. You're supposed to be comfortable with this, because you should have been short or should have been flat when Gold got rejected from $1917 to $1950 three times, instead of thinking "Warren Buffet just bought Barrick Gold so it's surely going to the moon". You should figure out what happens when big money enters a market.
The reality is that the world is in a lot of trouble. And while this may prove to be a buy signal for gold , the reality is that metals will go up when the world is trouble because they're being sold off. After all, you can't do much with an ounce of gold or an ounce of silver in this world. When the world is truly in chaos, there won't be any Mad Max-esque delirium where people with guns and metals and canned food become Kings.
The markets will be in chaos, or won't exist, because a lot of people are going to die to Wuhan Pnuemonia (Coronavirus Disease 2019 (lol, thanks World Health Organization)) and you really cannot even begin to imagine what that is going to do to people, and yourselves, psychologically.
Working their jobs on Wall Street is going to be far from the mind. Without the market maker bots making the markets, price action won't even exist.
Not that people will have any thoughts at all when they realize their future has been destroyed by the Chinese Communist Party.
But for now, you get quite a fine buying opportunity if you can sit on your hands. Once you get your profits, get out quickly and spend some time with your families. Start to evaluate what actually matters in life.
Hint: it's not wealth.
Gold is going to correct to uncomfortable levels. You're supposed to be comfortable with this, because you should have been short or should have been flat when Gold got rejected from $1917 to $1950 three times, instead of thinking "Warren Buffet just bought Barrick Gold so it's surely going to the moon". You should figure out what happens when big money enters a market.
The reality is that the world is in a lot of trouble. And while this may prove to be a buy signal for gold , the reality is that metals will go up when the world is trouble because they're being sold off. After all, you can't do much with an ounce of gold or an ounce of silver in this world. When the world is truly in chaos, there won't be any Mad Max-esque delirium where people with guns and metals and canned food become Kings.
The markets will be in chaos, or won't exist, because a lot of people are going to die to Wuhan Pnuemonia (Coronavirus Disease 2019 (lol, thanks World Health Organization)) and you really cannot even begin to imagine what that is going to do to people, and yourselves, psychologically.
Working their jobs on Wall Street is going to be far from the mind. Without the market maker bots making the markets, price action won't even exist.
Not that people will have any thoughts at all when they realize their future has been destroyed by the Chinese Communist Party.
But for now, you get quite a fine buying opportunity if you can sit on your hands. Once you get your profits, get out quickly and spend some time with your families. Start to evaluate what actually matters in life.
Hint: it's not wealth.
Comment:
An excellent short opportunity will be early October when Gold trades to ~$1,920. Definite bull trap for moonboys.
Comment:
Bulltrap: active. Hope you didn't buy too early and knock yourself out of the market!
Comment:
Buy gold under $1,800. Stay away from Shitcoin.
Faith in socialism's "Plan" will cost you everything you cherish.
Faith in socialism's "Plan" will cost you everything you cherish.
Trade active:
Buy gold. Srsly.
Comment:
Hope you bought gold. Took a long time for this opportunity to come to fruition.
Frankly a mild dip below the August low doesn't make sense to be the bottom. I want to see capitulation before Gold makes a new all time high and Silver takes out $29.