Doomstead Diner Newz Channels => Marathon Man Newz => Topic started by: Eddie on January 15, 2016, 05:40:55 PM

Title: A Look at the Action in Gold and Silver
Post by: Eddie 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.

http://www.youtube.com/v/EccKQaLrfCM&fs=1
Title: Re: A Look at the Action in Gold and Silver
Post by: RE 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
Title: Re: A Look at the Action in Gold and Silver
Post by: Eddie 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.