Goldtent TA Paradise

No rate cut creating a great opportunity!

1. Fullgoldcrown says:

   November 18, 2019 - 9:01 am at 9:01 am

   No Comments on this piece ?

   I’ll say it again and I speak for the community

   This is pioneering work Sir Patrick

   No one has co related rate cut expectations with the Gold Chart.

   I was going to put a “PATRICK” Heading on the sidebar for your greatest hits …but they are all great.

   Readers can uses the Post By Author Link which I just elevated on the sidebar!

   http://goldtent.biz/Patrick.html

2. Patrick says:

   November 18, 2019 - 9:44 am at 9:44 am

   Wow. Thanks Full for those much appreciate words. Great community here. Technical analysis is INSANE is fun! Creativity, exploration, and hopefully usable results!

3. Northstar says:

   November 18, 2019 - 11:06 am at 11:06 am

   I’ll second Fullys comments. Very useful and instructive video there. As Patrick says – ‘manage expectations’. There’s no need to get swept up in the ‘gold to the moon’ garbage. This sort of well though out analysis is what everyone should be listening to. There is a reason why gold has often been referred to as a ‘barometer’. It measures and reflects the state of what is going om in the wider economy. It’s ultimately all linked. The economy slows down, rates are reduced, money is printed to service debt and keep the banking system afloat, therefore more money needs to be printed and during the next economic slow down it’s harder to stimulate consumer growth because rates have stayed low and we’re all in debt and living off credit rather than saving for our futures and using our savings to make purchases. We are backing ourselves into a financial dead-end/no through road. During the coming financial collapse, gold will eventually rise at a very rapid rate (but in reality, gold isn’t rising of course, it’s our paper money which is turning into toilet paper). Gold is sniffing out the odds of rate cuts and reacting prior to the actual cut. That will continue until we can’t cut any further. Then the sh1t really hits the fan.

4. Patrick says:

   November 18, 2019 - 6:22 pm at 6:22 pm

   Yeah. Gold is catch 22. The way I see it, the more fiat currency its costs to purchase gold… well the more everything else will cost. 3000$ gold?.. well bread is gonna cost ya twice as much as anything else. Keeping ALL your fiat currencies stored in gold is BEST way to PRESERVE your purchasing power. Now, if you want to do better than preserve, and actually AUGMENT your monetary wealth, then you need to own MORE gold than your actual fiat currencies totals. The inverse is also true. If the gold you own loses half it’s value, then everything should also cost twice as less… however.. if you owned more gold than your fiat currency totals.. well.. you’ll REDUCE your monetary wealth. Gold is not gonna worth 20k without some NASTY side effects we might not like. Gold at 60$ … then everything would be MUCH more pleasant… and healthy