YIKES !!
NO WAY TO SPIN THIS AS A WELCOMED RESPITE !
WE ARE GETTING CRUSHED
GOLD DOWN $500 SILVER DOWN $20 OVERNIGHT ?
INSANE
WHAT’S THE PROXIMAL CAUSE ( EXCUSE ?)
NO WAY TO SPIN THIS AS A WELCOMED RESPITE !
WE ARE GETTING CRUSHED
GOLD DOWN $500 SILVER DOWN $20 OVERNIGHT ?
INSANE
WHAT’S THE PROXIMAL CAUSE ( EXCUSE ?)
The new Fed Chairman was announced who is going to raise rates….wait…he’s going to lower interest rates….oh.
IF THAT’S IT THEN ECONOMISTS ARE TRULY MORONS
TRUMP IS THE NEW FED HEAD …IDIOTS
Preaching to the choir Mr. Fully…
I see no grounds yet for anything but temporary pessimism, unless you are trading short term.
That said, the huge gains may be over, and new highs will come but with declining momentum.
The much maligned Gary Savage said get out at $5500. It’s an intermediate cycle low and it will hurt for a bit before the mega jump. I c0pied this at the time: 2026 is the most likely target year for gold (and the entire metals sector) to ramp up the volatility. The last 8 year cycle low occurred in 2022. Somewhere in the middle of that 8 year cycle there will be a half 8 year cycle low. This tends to be a much larger correction than traders have become accustomed to. In Oct. the last intermediate rally entered an extreme FOMO phase. Any mention of a potential correction triggered all kinds of troll comments that I was an idiot. This time was different. Then of course we did have a sharp volatile pullback (miners shed 23% in 7 days) and entered another consolidation phase. What I’m expecting will be a lot more volatile. This next rally will generate a FOMO phase a lot more extreme than what we saw in OCT. Price will stretch insanely far above the long term moving averages. But that is also the setup for a much bigger and sharper correction (the half 8 year cycle low). To give you an idea of what I’m talking about, I think the FOMO phase could drive gold to $5500 and silver to $100. Traders will become convinced that they are bulletproof, the narrative will be that central banks are buying so price can’t go down, but sentiment will be insanely bullish and that is the setup for a really scary and much larger move down into a half 8 year cycle low. A completely reasonable pullback target from this kind of extreme sentiment is a 38% Fibonacci retracement of the entire 8 year cycle rally up to that point. Also price should drop back to, or below the 200 day moving average. We are going to ride this FOMO phase in some leverage. SMT subscribers have already made life changing gains over the last couple of years. We are going to add insanely large gains to that during this FOMO phase. But most importantly we are going to avoid the half 8 year cycle low. If you want to ride this FOMO phase and profit from this move, but most importantly, not get caught in the half 8 year cycle low correction. I will reopen the $10 trial for one more day. It’s $10 for the first 7 days then you will convert to a yearly subscription at the end of your trial if you decide to stay and make life changing gains with the rest of us.
Watch Bald Guy money, he picks the climber apart.
Climber could be right, but honestly guy has a huge chip on his shoulder…bit of a napleon complex I think, and seems like he just hates the world.
A bit unfair. He’s actually done well for his subscribers. I was one 20 years ago, so he’s been doing this awhile. At the time I caught the end of the big run up in miners and rode them all the way down. Still haven’t learned to get out before the big drops.