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So quiet I can hear a pin drop.
Go Figure?Seems to me that everyone has fallen out of love with their Pet Rocks
Did you ever know me to Set Sail in the Face of a Storm on a Friday ?A tricky situation with our dollar and rising yields. It's trading at 6 month low or more....what do you say? Stay out or ?
You gonna have a day off tomorrow? It's a public holiday in Vic, Captain.
On a very short term market structure basis, I feel that 2912-2925 is critical support, inability to hold that zone in context of the medium term pattern of the last 6 months, is negative.
View attachment 161045
blugh.
https://gold-forum.kitco.com/newreply.php?do=newreply&p=2796826Over the many years I have been investing in gold and silver, I have come to the realization that anything good or bad can happen at any time so it's best to be prepared for disaster. I wouldn't be surprised if within the next month (or even week) that silver crashes to fifteen an ounce and that gold goes to 1500. My gold mining fund could easily decline 20% or more from here. The broader stock market - Why not another Great Depression where the market crashed almost 90%? Will the government nationalize my mining and global resource funds? Again, why not? Will they attempt to outlaw or even confiscate my gold and silver coins? I really wouldn't be surprised at anything that happens. I am not leveraged on any of my investments, so even if the prices go way down I know that it will be temporary and I might even be able to pick up more coins and shares on the cheap. What are your worst case concerns?
am watching , watching , watching at worried it is a sign of liquidation of 'winners by those who use a lot of leverageSomewhat surprised by recent weakness in Gold price as didn't expect it to dip as much as it has done so (on strengthening USD & ongoing inflationary pressures).
Perhaps a blessing in disguise/yet another opportunity to load up on precious metals here imo
Is there any hope that the past week's pause is actually a longer term pause and potentially a floor?
What do we need for a reversal?
Attack on Israel could boost appeal of gold, safe haven assets
Reuters
October 8, 2023 1:10 PM GMT+1
Https://www.reuters.com/world/middl...ost-appeal-gold-safe-haven-assets-2023-10-08/
Rising geopolitical risk could see buying in assets like gold and the dollar and potentially boost demand for U.S. Treasuries, which have been sold off aggressively, analysts said.
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