Thank you
@ozpolarbear for your as always great detailed analysis.
I couldn't agree with you more.
I understand BDR is high risk right now, and also provides huge upside if things go right from here.
So one could lose 50-100% from here OR could also possibly make 200-300% or even 400%. Who knows.
I will look out for your Gold analysis after the next week FED meeting.(aka next week Rate hike)
Smart decision as no one knows how the market will react after the rate hike.
I don't have as much knowledge as you.......what I do know is Higher Inflation & Rate Hikes are bad for a currency and good for anything priced in that currency. In layman terms Rate Hikes are Price Hikes.
That is my big macro picture. The problem I have is the world believes or pretend to believe otherwise. That does provides me opportunity to gain but only after I have gone through the pain.
I think there will come a time when the super smart traders of wall street will buy Gold(including other commodities priced in dollars) and sell the dollar as soon as they get a hint of Rate hike.
Till then I will have to bang my head against the wall.
Once again a big thank you.
( That was a very high quality unbiased post)
