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Gold is very much out of favor, but the conditions that drove it above 00/oz last August are still around. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman
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Gold is very much out of favor, but the conditions that drove it above 00/oz last August are still around. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman
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| Gold is very much out of favor, but the conditions that drove it above $2000/oz last August are still around. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman |
I agree.. seems like a bear phase of a larger bull cycle..
Gold has more room to go down yet in my opinion
that's what I'm thinking.
Agreed. Gold needs to capitulate first in order to change direction. However, that doesn't mean it will happen. Personally, I am looking for silver to lead gold in the next leg up.
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vom.gen.in
i am a gold bug but what i see its not done going down. i'm looking for april 20' area before i'm interested again. but i was just looking at the daily chart of GLD and it looks a lot like many consumer product stocks like MKC & CHD, don't know why just does.
I like what i'm hearing!
lol in 2 or 3 years you wont even be able to give away silver or gold for free. Everyone wants bitcoin no one wants that other garbage.
Imagine bitcoin in 100 years. LOL
@bicylindrico im not worried about bitcoin in 100 years ill be laughing all the way to the bank in the next 2 years lol
Your perspective is always appreciated Mike. It seems bitcoin has taken some of Gold's position lately as a safe haven. Bitcoin appears a to be a bear trap. I choose my Gold for my safe haven
Gold will capitulate when Bitcoin rises fast and furious. When BTC corrects, gold should continue its Bull trend. Both, are setting up nice fundamentally for the perfect Macro Storm in my opinion.
Hey Mike! You are Golden!
Historically, gold has been the worst performer against the general market. It is just a shiny rock that has no attachment to real hedging. And in times of distress, it's not the gold people hoard, it is can food and ammo!
Gotta agree!