Lots of mixed signals. Absolutely anything can happen. Anyone purporting to know when and in which direction the metals will move in the near future is a complete charlatan IMO. I am still bullish, but the miners could move at anytime between now and early 2023. That’s not exactly investable information.
One positive signal is that during the last bull, gold’s 200 and 500 day moving averages never negatively crossed, although they came close after consolidations. If you pull up a current chart, the 200 day MA for gold is just barely above the 500 day MA and looks like it is on the cusp of turning up. FWIW.
I’m just buying the metals here. With a stock market meltdown coming — no way the stocks. And a tight leash on the metals.
Lots of mixed signals. Absolutely anything can happen. Anyone purporting to know when and in which direction the metals will move in the near future is a complete charlatan IMO. I am still bullish, but the miners could move at anytime between now and early 2023. That’s not exactly investable information.
One positive signal is that during the last bull, gold’s 200 and 500 day moving averages never negatively crossed, although they came close after consolidations. If you pull up a current chart, the 200 day MA for gold is just barely above the 500 day MA and looks like it is on the cusp of turning up. FWIW.
But but but…$1860 by New Year’s! Back up the truck! Get in now while the time is ripe!
Just give all of your money to someone who needs it. It’ll do a whole lot more good than investing in precious metals