Gold Pulls in More Fools, Rally to $1950 then Fade

2022年2月16日

I rally between now and April-May looks like a good risk-reward, however those gains are likely to get faded very fast as capital flows back into discounted equities, and other growth assets

Of all the minerals mined from the Earth, none is more useful than gold (this is speculation). Its usefulness is derived from a diversity of special properties.

Gold conducts electricity, does not tarnish, is very easy to work, can be drawn into wire, can be hammered into thin sheets, alloys with many other metals, can be melted and cast into highly detailed shapes, has a wonderful color and a brilliant luster.

Gold is a memorable metal that occupies a special place in the boomer mind.

2022年2月17日

註釋

Continuing to move up nicely! don't over think this breakout yet

2022年2月22日

註釋

more fools being pulled in, as Russia-Ukraine tensions peak. "FED" taper tantrum fears shake retail out of growth companies

2022年2月24日

註釋

we've already entered the fake-breakout range. now its time to wait a few weeks and see if continuation invalidates the theory - or if the great fade, de-VIX event, and geopolitical de-escalation happens

2022年3月8日

註釋

looks invalidated. this week is the moment of truth

2022年4月6日

註釋

looks like the top is in and now we fade. tough call

2022年5月4日

註釋

fading in full force. Shiny Rock Bad

2022年5月10日

註釋

$1825-1835 is critical for Gold this summer

2022年5月16日

註釋

sub $1815 this is going to get ugly

2022年10月25日

註釋

the pain continues for Boomer Gold Bugs

4月12日

註釋

massive Gold rally is initiated. fake out was correct, but its been totally consumed by inflation buyers since