Goldfags throughout the universe are watching every tick now, as it swiftly moves into resistance — testing a 6 year traffic jam which has led to countless false starts and shattered dreams.
Seasonally speaking, gold is supposed to do well in February. According to the seasonality engines in Exodus — the returns should be both outsized and spectacular.
The reality has been nothing more than milquetoast — down 1% over the past two weeks.
As gold ebbs slowly like an overturned jar of sweet molasses — expect to see momentum traders enter the fray — providing tinder for this already moribund group of asshole stocks. Should gold not break out this week, I will quite literally chop my anatomy off and shoot myself into outerspace — never to be seen or heard from again.
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When you exit the trade it will breakout, so be patient. The other thing is, you never leave us even when you threaten to do so, I just can’t take you seriously anymore. I mean, it’s been 10 years.
GOLD, Bitchezz!!
Sitting here bored at LaGuardia waiting to go home and I’m reading about a possible Barrick buyout of FCX.
Holding NUGT. Gold breakout looks likely, but keep in mind, it’s far from a guarantee.
“As gold ebbs slowly like an overturned jar of sweet molasses”
another classic.
to reiterate
Top picks
gold – WDOFF, SPVEF, KL, BTG
silver – FSM, PAAS
Miners quite happy this am.