since the decline of 10y bond yeild
gold has moved inversely. in 2019
So i expect yields to move lower as fed
monetize govt debt and Gold to make new highs.
GOLD was kept in a range since 2013
as the bond yields were also in a range.
gold silver ratio chart shows
gold is about to rally strongly and silver
to move even stronger.
even at just under $2K/oz the rally hasnt even
people are waking up to the fact their
currency is being debased.
COL made a new closing high today.
defensive stock will do relatively better
when the coming crash occurs. pays a decent
dividend when compared to current deposit rates.
everyone is chasing yield is a yield free world.
ok i might buy more COL now
SLR forming a ascending wedge on the daily chart.
a new breakout has been confirmed and we use
fibonacci to find the next short term target level.
$2.62 we can take profits.
long term SLR is still a hold. it has been huge gains
since the bottom in 2016 . The Gold price has not even
made new highs yet. so watch this space.
KCN has potentially found support and has price has been
milling in the range of 12 to 60 cents for the past years.
more upside potential is coming. Will need XAUUSD to make higher highs.
Revisit this post in 2 years.😂
PRU 2W chart shows up trend intact.
1D chart shows continuation with a new
break out to higher highs.
smaller gold miners are starting to wind up
bigger caps have been running hard for years now.
The central bankers make this trade too easy.