This is the move I’ve been waiting for — a fast paced spike accompanied by s decline in the dollar, accompanied by a massive spike in the miners.
Bear witness to my NUGT or SBGL or any number of miners up more than 10% today.
Today’s spike in gold coincided with a drop in the dollar, which was running into a buzz-saw of resistance. Truth is, gold was going higher anyway — with or without the dollar.
The dollar.
Yes of course gold is running into some traffic here too.
So what’s the play here? Is this time different?
Instead of weaving a narrative about inflation or asset allocators getting into gold, or sovereign wealth funds accumulating gold at a record pace, let’s just sit back and enjoy the ride — shall we?
The trend is up and the miners are very undervalued, based off historical norms.
I had no reason to sell today, so I didn’t.
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If 2020 goes D, the 8000 dow pts have to come off, “haha”
(it was merely tacked on as leverage on trump)
Speak Englais, boy. Non comprehende.
Go for the jugular.
Jake’s Gint is even richer