Loading ...Bullish or bearish?
During this journey, I haven’t forgotten that one must sell most or all of their gold / silver / miners when Financial Times tells to buy gold … which to me seems a long way away … LOL
But how about these “timings” by BofA? The first one seems like a desperate attempt so that some/all cash/capital does not flee BofA given what happened with Silvergate, SVB, FRC.
https://twitter.com/profitsplusid/status/1651363019912515584/photo/1
https://www.cnbc.com/2023/04/26/bank-of-america-makes-bull-call-on-gold-says-its-time-to-own-bullion-etfs.html?__source=twitter%7Cmain
(Second link looks like paywalled)
GL
I’m not interested in what BOA or any Cretinic Institution has to say
BUT…PMs are BULLISH
They are taken down every morning and reboundstrongly thru the day
Don’t forget to fade Fully though
OTOH…one day you will regret it
🙂
Bullish and here is why. Notice the call was not to “own” gold but to own bullion ETF’s. They are desperate given all the gold going eastward to Asia and know the price will be rising and attracting capital, so they want to steer you into paper derivative bullshit instead of having you buying the actual bullion and putting even more upward pressure on the price. They can and will continue to play games with the ETF’s because there is no way they have all the physical they are suppose to for the number of existing ETF units.
Sir CM,
Thanks for your reply.
It is amazing how the elite and “educated” folks many of whom are classified as “high net worth individuals” continue to trust the GLD and SLV ETFs.
The same way they trusted the covid shots.
GL
Exactly.