Goldtent TA Paradise

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1. TimH says:

   July 21, 2020 - 11:04 pm at 11:04 pm

   Nice chart. The TSI values are almost identical for both points. Combine this with your other chart posted a year or so ago that showed that all one had to do to stay on the right side of the last gold bull market was to follow the 20 month ema and buy above and sell below, and maybe that’s all we need to trade with. Maybe a trendline or channel too. I find indicators confusing and I don’t even trust the TSI anymore.

2. Avocado Pit says:

   July 22, 2020 - 6:55 am at 6:55 am

   So the jeweler who bought my wife’s sterling silver flatware set from her previous marriage is finally getting his melt value back. She sold it on July 14/15 2016, at the previous peak in silver. I’m sure the jeweler sold the set previously, but it just goes to show…

3. Karl says:

   July 22, 2020 - 9:25 am at 9:25 am

   When I look at that chart in perhaps an overly casual way I make 3 inferences:

   1) A price-plunge at any time including now can happen, wiping out people who are over-committed.

   2) A spike to — name your price — 2X the prior high, 3X the prior high or more — well within the lifetimes of even the older people here is plausible though they have to be careful, again, not to have been wiped out as the price transiently loses maybe 20-70% of its gains (perhaps several times) en route.

   3) Therefore it is a tricky balance of risk management between protecting one’s self from almost unimaginable price reversals on the one hand and a peak that is also almost beyond imagination. Easy does it. It’s definitely o.k. to partake and foolish to expect to get it all.