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Pennant formation in Gold, resolved to the downside?

bluelobsterbluelobster Posts: 1,220 ✭✭✭
in Precious Metals
Silver looks like it had already resolved to the downside, but GLD looks to have done it today.

Time will tell.

Comments

  • VanHalenVanHalen Posts: 3,993 ✭✭✭✭✭


    << <i>Silver looks like it had already resolved to the downside, but GLD looks to have done it today.

    Time will tell. >>




    image
  • mariner67mariner67 Posts: 2,746 ✭✭✭
    While I always have and still enjoy my gold and silver bullion I remain very happy that I am very diversified with most in equities and a good deal in real estate.
    It really is smart to be well diversified.
    Anyone with all their assets in one class, especially PMs is really playing the casino.
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Diversification is good..... options allow for corrections and course changes. Cheers, RickO
  • jmski52jmski52 Posts: 22,858 ✭✭✭✭✭
    Did the government stop increasing the debt load and did it show any restraint whatsoever in it's spending orgies or growth of the bureaucracy?

    Nope, that's what I figured.

    Everyone's financial position is different. In my own situation, the biggest factor is to reduce my exposure to all debt.

    Governments never seem to have to pay off their debt, but actual working individuals have no way to escape paying it.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭
    Just an observation when the various markets are being discussed here. Little is mentioned about production cost and demand. Lots of charts and speculation.

    Same in equities. P/E's and dividends are no longer discussed as they are not favorable to further upward climbs. We now discuss emotion and charting. In the end though, valuation in every market is the ultimate resolution.
  • derrybderryb Posts: 36,824 ✭✭✭✭✭


    << <i>Governments never seem to have to pay off their debt, but actual working individuals have no way to escape paying it. >>


    The difference between being able to print what you borrow and having to work for what you borrow.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,132 ✭✭✭✭✭
    Did the government stop increasing the debt load and did it show any restraint whatsoever in it's spending orgies or growth of the bureaucracy?


    Nope, nor did it from 2011 to today. That did not however prevent many a well meaning folk from getting spanked.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,132 ✭✭✭✭✭
    P/E's and dividends are no longer discussed as they are not favorable to further upward climbs

    Why not? The average dividend yield of stocks that actually pay dividends on the SP-500 is about 2.3% while the P/E is about 16. Hardly nose-bleed territory.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • DrBusterDrBuster Posts: 5,379 ✭✭✭✭✭


    << <i>Did the government stop increasing the debt load and did it show any restraint whatsoever in it's spending orgies or growth of the bureaucracy?


    Nope, nor did it from 2011 to today. That did not however prevent many a well meaning folk from getting spanked. >>



    Folks who could afford a multiyear hit though and still bounce back. Who needed $4t now that screwed the little middle class that's left?

    World police bs is the downfall of the old republics....interesting times to witness, and have instant media eyes on.
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