C’mon between the S&P chart consolidating for breakout and now this… we’re in for a sell off in stocks and gold and silver are going to get sold off just as hard. As nice as it is to be a Gold or Silve Bug there’s one problem… it’s overvalued in relation to currency devaluation since 1933. The buying opportunity will be in silver at 25 and Gold at 1450. Oil is the new Gold so $110 for brent.
Gold is approaching “must hold” levels here.
C’mon between the S&P chart consolidating for breakout and now this… we’re in for a sell off in stocks and gold and silver are going to get sold off just as hard. As nice as it is to be a Gold or Silve Bug there’s one problem… it’s overvalued in relation to currency devaluation since 1933. The buying opportunity will be in silver at 25 and Gold at 1450. Oil is the new Gold so $110 for brent.
Looks like risk off going forward….
false break on the upside in gold and wti. ? What happened can actually be seen. More downpressure to come, caused by margin calls. Groar