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Always do your own due diligence. We seek safe harbor.
I see three scenarios. 1) technical analysis is mostly baloney 2) technical analysis is not mostly baloney 3) technical analysis may or may not be mostly baloney
Good, concise article, rational, not overblown, very professional, Exactly the kind of opinion I look for. Thanks.
Hi!, Patrons Of CEO CA Et Al:
I’m however a real nut case, because I don’t think at this stage of the gold game with peak gold right around the corner perhaps next year whereby gold sales may cease altogether regardless of price that there shouldn’t be any bulls or bears in this gold market but only buyers and holders called strong hands. Such a group for example would be composed of entities like the Bullion Banks and the Chinese and Indians who buy gold and then they forget gold’s price altogether siting on it for many decades. Buy it and then forget it including all the daily price manipulations. When all fiat paper moneys destroy themselves gold will be there to save the day as the last man standing is my opinion for whatever it’s worth to anyone!!
RUSS SMITH, CA. (One Of Our Broke, Fiat Money States)
resmith1942@gmail.com
Trying to guess the direction of gold over the short term or even the mid term is a fools game. I have learned the hard way. The facts remain, the world is saddled with record debt, the central banks are continuing to recapitalize (and then some) banks, and everyone seems to be looking for a magic bullet to increase economic stagnation. They have chosen currency devaluation. There is no telling what will occur first; deflation due to debt deleveraging and the inability to pay, or inflation due to the increase in M2 by about 4T. Eventually, who knows when, money will start making it into gold and silver again. I am somewhat bewildered how long it is taking but I am convinced that others will see this eventually. Watch Japan closely as Abenomics is going to show the world how messed up QE really is. I give them less than 3 years…….