Loading ...Huddle Up Goldtent
OK…Wake up….put down the surf board and fishing tackle and some one tell us
wtf is going on ?
Charts aside….what’s the story here ?
The US Dollar is getting slammed day after day against ALL currencies
and Gold just sits there link a pet rock. Silver looks like its Lead !
Is Gold setting up to get hammered if and when the Dollar Bounces ( its due for a YCL )
or are we just waiting for August to somehow change the tune and take off eh ?
Oh, am I sensing some gold/silver frustrating here by Fully hisself? Heh…
Stirring the Pot Boomer. 🙂
I am past frustration and on to fascination. with all the twists , turns,and ambiguity in Gold.
IT very well may have become irrelevant for the foreseeable future OR
It may be ready ( as always “READY” ) for blast off to the moon because of the evil monetary masters abuse…. of all us honest simple sheeple …..coming home to bite them !
Meanwhile its a good Idea to be riding some nice sectors in the “Real” Markets which are just breaking out into a new leg up… while we await armegeddon.
pass the popcorn
I’ve written it before: my eyes are on the yen. Just look at what gold did as recently as last August when the yen turned down: it got crushed.
As I’ve said before, PMs will rise much more rapidly when the commercial banks have finished offloading their legacy short contracts. I think that is likely to be around now or in the next couple of weeks at most. The wind will be at our back then.
August 🙂