Silver Spike...

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Bitcoin over the last year. Look familiar. Shares will look better. CJ I still think you’re lost. This forum is for people that are interested in PM’s. Those boring things your refer to.
 
After breaking out, gold simply came back & re-tested the trend-line support...

All systems GO!
 
Davros10 said:
That I may have gone about 3 weeks early for the end of the 4th wave, maybe another week will do it. This is however balanced by a falling AUD. Still thinking it's a good time to buy now. I'll be looking to sell again around $29-30 AUD
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It's dragged on a little, but I reckon just about done.

The next dip below US$16.50 is probably the best buying opportunity for the next 4 years or so.

My main source of analysis is https://www.wavepatterntraders.com/

This guy provides a free weekly update that also agrees with this reading
 
Davros10 said:
It's dragged on a little, but I reckon just about done.

The next dip below US$16.50 is probably the best buying opportunity for the next 4 years or so.

My main source of analysis is https://www.wavepatterntraders.com/

This guy provides a free weekly update that also agrees with this reading
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Thanks for that, subbed. Comments suggesting 250 USD gold. Just about wet my pants at the thought of $2500 10oz bars. Will never happen though, charts are good for suggesting trends but reality dictates what actually happens. How many mines would collapse at that price?
 
Oddjob said:
With USMCA being / to be passed by US House of Reps now, I'd expect a drop in the gold price and rise in stock market as the USMCA is good for US businesses and the economy.
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I'm expecting this to be one of many more "positive" economic announcements, between now and November next year. All of which will put downward pressure on PM's. Trump wants to get reelected, and will pull out all stops.

I'll be keeping a close eye on the upcoming election. The exciting part would be if the Democrats got a suprise win, as I think we'd see metals rocket up, even if only temporarily.
 
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Also interesting how the Brits vote tomorrow. Should BoJo fail to get clean majority the situation will get quite nasty&sticky. :eek:
"The polls all agree: in England and Wales, Labour is closing the gap on the Conservatives. YouGov’s MRP model, which correctly predicted a hung parliament in 2017, is the latest to show the same trend, with the Tories’ projected majority falling from over 60 seats to just under 30."

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Not sure if the UK polls can be believed. This is effectively a one issue election on "Brexit" and many a Labour held seat voted for Brexit in 2016.

One thing for certain, the UK's "first past the post" voting ensures a quick result on the night. If Boris gets the majority on the night he needs to get Brexit done...deal or no deal" come Jan 2020, will be interesting to see how the markets react.
 
Sportsbet still have the Tory's odds on for a majority, but then again they had Shorten / Labor winning earlier this year and offered 7 to 1 on the LNP for 76-80 seats lower house.

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66rounds said:
Thanks for that, subbed. Comments suggesting 250 USD gold.
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I bought my first gold coin, a maple, at just a little over USD 250. At that time it was a novelty buy as gold wasn’t even considered an investment, more of a metal whose only purpose is for jewellery and wedding gifts. In my opinion, the sentiment on gold around year 2000 was worst than silver today.
 
sgbuyer said:
I bought my first gold coin, a maple, at just a little over USD 250. At that time it was a novelty buy as gold wasn’t even considered an investment, more of a metal whose only purpose is for jewellery and wedding gifts. In my opinion, the sentiment on gold around year 2000 was worst than silver today.
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My generation completely missed that opportunity and most are now missing this current bottom too. Yesterday is always a better time to buy than today
 
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