AuthorTopic: A Look at the Action in Gold and Silver  (Read 969 times)

Offline Eddie

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A Look at the Action in Gold and Silver
« on: January 15, 2016, 05:40:55 PM »
Gary Savage is another newsletter guy I used to spend money on. When you just stack a few coins, you don't need to pay for gold market technical analysis, so I let my subscription lapse long ago. Nevertheless, he knows how to chart, and you might find this interesting.

The take-away is that is gold appears to be trying to find a bottom, and the next couple or three trading days are likely to show us if it has.

<a href="http://www.youtube.com/v/EccKQaLrfCM&fs=1" target="_blank" class="new_win">http://www.youtube.com/v/EccKQaLrfCM&fs=1</a>
What makes the desert beautiful is that somewhere it hides a well.

Offline RE

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Re: A Look at the Action in Gold and Silver
« Reply #1 on: January 15, 2016, 05:46:39 PM »
The take-away is that is gold appears to be trying to find a bottom, and the next couple or three trading days are likely to show us if it has.

Doubtful with the carnage everywhere else.

I still wouldn't buy it above $800.

RE
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Offline Eddie

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Re: A Look at the Action in Gold and Silver
« Reply #2 on: January 15, 2016, 06:40:32 PM »
I tend to agree with you, but the next week may show me if I'm wrong or not.

I do think that for anyone who wants to buy any metal, but is waiting for the bottom, that it'd be better to pay a slight premium now than to try to find any physical at sub $800 prices. As we fall into a deflationary abyss, for while anyway, it might be hard to find, and premiums over spot will get really seriously  out of control the lower the paper price goes from here.
What makes the desert beautiful is that somewhere it hides a well.

 

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