Yes, really. I know you've been banging on about sideways for a long time now and you haven't been wrong.......but the times, they are a changin'
19 April 2016 Shanghai introduces yuan-denominated gold benchmark price The Shanghai Gold Exchange, the world's largest physical gold exchange, launched a yuan-denominated benchmark price on Tuesday in Shanghai, a measure that will benefit both China's domestic gold market and the global precious metals market. http://www.chinadaily.com.cn/bizchina/2016-04/19/content_24663378.htm
Fair enough. It depends where you draw the trend lines. For me I'm looking at about 12 months historical and trend lines on that time scale are definitely broken that's why I call it a "breakout" (of the trend). I give it maybe 48 hours before the next wave of silver pumper videos start coming out to confirm the breakout
I was thinking the manipulators would smack it down, but it just had another little jump! What's the bet the manipulators will attempt a massive "correction"?
I wouldn't call it a break out yet. It broke the threshold, but I'm not convinced its sustainable just yet. It's definitely very welcomed, but I'm cautiously optimistic.
Do you all constantly buy? I try to make a purchase several times a month. Should I hold off and hold for a drop before buying? At what point do you stop buying?