What really happened Aug 16, 2010?
tneig
Posts: 1,505 ✭✭✭
Come on, what really happened to start the spike at that time? The cycle went to end of year 2013.
If you were to disregard those crazy couple of years, the charts would still show the spot price growing slightly.
If you were to disregard those crazy couple of years, the charts would still show the spot price growing slightly.
COA
0
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Thursday August 19, 2010 7:19 PM
Then it shall be. Sorry. The signs are there. Not trying to sound like an arrogant arse, its just the way it is.
..... Every dark cloud has a SLV lining...
Again, not trying to sound like an arrogant arse.
Knowledge is the enemy of fear
linky
Feh! The link did not work. Go to KITCO historical gold charts and look at the one for 2000-2014.
I still don't understand the cause for that pattern. The stock market may have recovered but the nation went deeper into dept.
Just trying to project ahead. Like cyclic changes in the stock market.
Some have questioned my approach but I'm here to tell ya that it's still working.
I buy...to sell...then take those profits and buy the silver I really want to keep. May be a roundabout way of acheiving a means to an end, but it's still just a hobby to me. I don't have any long term "investment" strategies because just when you think you're onto to something, big money sees the little guy (me) making too much and throws a wrench in it all. I change my "outlook" monthly, I re-evaluate monthly.
<< <i>It was such an inordinately high sudden climb which went on for a huge swing for 2 years.
I still don't understand the cause for that pattern. The stock market may have recovered but the nation went deeper into dept.
Just trying to project ahead. Like cyclic changes in the stock market. >>
So you wanna be a chart reader, eh? Well, the pattern that developed was easily recognizable and many profited. The run did go much higher than I thought (never underestimate the power of a mania), and I sold in the low 30's.
You should look at 300 charts a day. Then revisit you question in 5 years. You might just see the answer.
Knowledge is the enemy of fear