Gold Surging At The Open
Time will tell how sustainable this move is…
GOLDTENT ANTHOM
NUCLEAR WEAPONS ARE A FANTASY
WHEN THE FINANCIAL SYSTEM IMPLODES
YOUR MENTAL IMMUNE SYSTEM INTENTIONALLY UNDER ATTACK
FENBENDAZOLE AND TURBO CANCER
NO VACCINES HAVE EVER SAVED LIVES
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Goldtent TA Paradise
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1 PERCENTERS
GENDER TYRANNY
GETTING HOT OUT THERE IN ELECTION FRAUD LAND
CANADIAN TREES CLEAN 10 MORE CARBON
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WE ARE
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POSTING INFORMATION
Well.. always better up than down. 🙂
As long as we’re not trading really short-term I don’t think it matters. (I write for those of us — probably most of us — who already have some significant positions).
It has been trending — curving — upwards so nicely for so long that the bias is up even if it gets pushed down. With the upward bias the chances are that even if it seems to get ahead of itself and pulls back it will go right back up. It may simply go up and up even if it seems to have risen too fast. PM stocks may shoot up too, at least those not too exposed to the mid east.
I have seen the comment that rallies based on news of bad things attract the wrong sorts of investors or speculators to gold, ones who leave all too soon. The comment I believe is wise. I don’t care. The trend — the curving trend — has been present even if the fickle types and all the AI plays on top of it abandon gold soon. I think it’s probably just great for gold prices and the prices of many PM stocks.
It’s like potential energy in physics. In the setting of the upward trend it just needs a boost. Unfortunately we have the boost.
If only I could be so sanguine about other things…
I agree.. this is noise. Upwards inertia is already strong steadfast… just fun tonsee those big wicks. #thatswhatshesaid