Hi, this is my introductory post as a new member. I have lurked for years.<\/p>\n
I very much enjoy reading about TA but personally am not competent to engage in TA. I do have substantial investments in the metals stocks with a specialist.<\/p>\n
By way of background: B.A. Econ – Duke University ’75, J.D. LSU Law ’79.<\/p>\n
In between the two I played some professional tennis and spent most of my time being first round cannon fodder for the big guns back then. From ’81-82 I was Assistant Administrator (like the Assistant Commissioner) of Professional Tennis in NY. This was prior to the Tour being taken over by the ATP.<\/p>\n
So, if you have any tennis, instead of TA, questions let me know.:)<\/p>\n
As for my non-TA view of what’s ahead for gold\/silver (and this is the only gold prediction I will ever\u00a0 subject you to), I believe the soon collapse of the stock market will result in the immediate collapse in the price of gold to maybe $1200(ish) because of portfolio liquidations. I believe the trigger will be a combination of geopolitical\/financial events causing a total crisis in confidence.<\/p>\n
There will then be a short window of opportunity to acquire a healthy helping of both physical and PM stocks before many start to pile in and gold then goes rapidly to ~$10k\/oz. There will be some major gyrations after that, but the resultant money-printing by the Fed and further domestic and geopolitical disturbances will ensure that gold will be revealed as the true safe haven.<\/p>\n
Hopefully, at some point we will get a reprieve from the madness that is engulfing the Western world.<\/p>\n
Good luck to each of you, and thanks to Fully and all the posters for all the great knowledge\/wisdom\/info shared on this site!<\/p>\n","protected":false},"excerpt":{"rendered":"
Hi, this is my introductory post as a new member. I have lurked for years. I very much enjoy reading about TA but personally am not competent to engage in TA. I do have substantial investments in the metals stocks … Continue reading