It’s 8:20 PM EDT ….the slowest time of the week here at the Tent.<\/p>\n
But there are still a few regulars and irregulars who check in .<\/p>\n
Check your camels at the door and bare your souls.<\/p>\n
How has this week’s action in The Gold Family affect you ?<\/p>\n
It’s not a poll….just answer in a comment.<\/p>\n
Re Cap<\/p>\n
Week Started at 1210<\/p>\n
Dropped $50 to 1160<\/p>\n
Closed off the Low at 1184 (half of the max loss recovered …quietly)<\/p>\n
$26 down or 2% ( HUH …a mere 2% drop in gold feels like the end of the world ?)<\/p>\n
It didn’t even drop at all in a lot of currencies and actually went Viral in Turkey this week .<\/p>\n
How many there think Gold is a Barberic Relic tonight ?<\/p>\n
Anhyow<\/p>\n
Are we still holding the line ? Could be ! 1180 same spot we were at the crash bottom in 2013<\/p>\n
Or was this just a low volume bounce in a train wreck similar to 2013 ?<\/p>\n
One thing for sure…The Summer Doldrums are OVER<\/p>\n
……………….<\/p>\n
What about the HUI ( My Favorite index because it is actually Subtitled “Gold Bugs Index” …it’s OURS<\/p>\n
Started at 160 and fell to 140 ( 20 points straight down)….thats 13%…and some components were off 20% or more)<\/p>\n
IF you are just holding Phys or even GLD in a stock account …thats all you need to do to hedge against a Turkey in your neighborhood…put XX % of your net liquid wealth into a Gold instrument<\/p>\n
Phy for the whackos ( like me)
\nGLD for the stock guys
\nMaybe one of those gold storage companies where you buy the phys and the actually allocate it to you.<\/p>\n
Buy NO…we have to play the hotest speculative market sector …Mining Stocks…and even that isn’t enough JUICE for many of us we need a derivative of the miners which moves 3X faster and harder than the underling …so Those in NUGT and JNUG lost about 40% this week.<\/p>\n
All this on a 25 Dollar drop in gold to strong support !<\/p>\n
………………………….<\/p>\n
Or is it ?<\/p>\n
PS…while you are here vote at the poll<\/p>\n","protected":false},"excerpt":{"rendered":" It’s 8:20 PM EDT ….the slowest time of the week here at the Tent. But there are still a few regulars and irregulars who check in . Check your camels at the door and bare your souls. How has this … Continue reading ![\"\"](\"https:\/\/goldtadise.com\/wp-content\/uploads\/2018\/08\/fractal1.png\")
<\/a><\/p>\n