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4 Comments

  1. Some Wall Street Normies also say Gold looks good going into year end.

    On a side note, the debt service is now half a trillion dollars. Thats just the interest payment. That’s 500,000,000,000 dollars. I (don’t) wonder who will be forced to pay these bills?

  2. Gold is becoming a expensive paper weight. These news reports timing are perfect.
    Gold broke down below the $1200 dollar threshold today. And yet the news is gold is ready to spike up, yeah right.

    The US dollar is gaining value when other experts have stated for the last couple of years it’s going to collapse.

    1. Skip, Gold is forming a pattern here. It’s called a bullish Shark Harmonic. It’s not perfect but depending on the length of the setup, generally on a medium term of 3 to 6 months it can be an effective data point to include in your consideration when balancing a well planned strategy, age and situation dependent of course. I know it just dropped. It’s beginning the completion of the pattern, the setup. I said last week that it had another leg lower. The main drawback to this pattern, like many strategies is that ‘everybody’ knows about it. Investing real money is not for broke or indebted people or those prone to fits of emotion. Stay calm, set long term goals, make a plan, and stick to the plan.

      (I’m not a pro and currently don’t hold any stocks in gold or associated ETFs. I may or may not own silver and at times have owned junior gold miners and gold ETFs. Get pro help if you want/need it.)

  3. Thanks Fred. I do have long range plan. I am blessed beyond measure.

    However gold is an interesting product. It is real money and it use to be stable. Now if someone hiccups on Wall Street or the Fed Chair and gold nose dives.

    I am playing the long game but gold like any money does no good if it stays locked up.

    Skip

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