@eddie1943 said:
The chart for gold is forming a descending triangle on the 6 month chart on the end of a triangle on a 3 year chart. The present triangle is getting close to the right corner. When it breaks out can go either way, but since it is a descending triangle chances are it will go lower. We have been at this $1300 level for about 6 years. Personally I'm looking for a ramp up to a higher lever sooner rather than later.
Price of Gold and chart resolved to the upside... Good news 1300 held on Friday 5/31/19. Ramp up coming? Has to go aboue 1365 to break out of the Five year Triangle. Thats what it would take to do a ramp up. I think there has to be some additional driver.
I'm 75 years old, so there is nothing new about me.
"Faith in central banks is about to be tested again."
While the equity markets again fall prey to Federal Reserve "jawboning," gold continues to see through the smoke and mirrors.
Hammer time?
"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
"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
Shares of gold mining companies represent alternative investments in gold and are interesting with additional dividends, as well as the growth of their quotes. As a result, the profitability of such an investment may be higher than the increase in the value of gold. There are some trading risks. A gold mine may go bankrupt.
Ooops....what happened? Both Gold & Silver were doing great earlier. I suspect, those nasty banksters had something to do with it,
Banksters are but a tool used by governments to protect their fiat currency at all cost. Wars have been fought to keep the con going. And at a great price in terms of resources and lives. War is no longer about freedom. . . for anyone.
"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
"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
Comments
Price of Gold and chart resolved to the upside... Good news 1300 held on Friday 5/31/19. Ramp up coming? Has to go aboue 1365 to break out of the Five year Triangle. Thats what it would take to do a ramp up. I think there has to be some additional driver.
I'm 75 years old, so there is nothing new about me.
Gold is a hedge against the notion that the Fed has things under control.
"Faith in central banks is about to be tested again."
While the equity markets again fall prey to Federal Reserve "jawboning," gold continues to see through the smoke and mirrors.
Hammer time?
"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
Hammer time?
derryb, I was just going to ask YOU that same question.
I knew it would happen.
Just broke $1350, the hammer is getting close.
"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
Ooops....what happened? Both Gold & Silver were doing great earlier. I suspect, those nasty banksters had something to do with it,
Shares of gold mining companies represent alternative investments in gold and are interesting with additional dividends, as well as the growth of their quotes. As a result, the profitability of such an investment may be higher than the increase in the value of gold. There are some trading risks. A gold mine may go bankrupt.
Banksters are but a tool used by governments to protect their fiat currency at all cost. Wars have been fought to keep the con going. And at a great price in terms of resources and lives. War is no longer about freedom. . . for anyone.
"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
Can Western Central Banks Continue Capping Gold At $1350?
"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
I suspect only time will tell.
this is the 3rd time gold has been over 1,350 this past 2 weeks. looks like gold is forming a floor at 1,350