@loki
Your timing of selling today might not be very effective.
If you took profit that's fine.
Thanks for gifting me some to add to my SLR holdings.
Gold is on the verge of a major breakout above 1350 and possibly 1400.
Vice versa USD INDEX on a major long term downtrend.
Unlike you, I welcome US rate hikes.
Rate hikes are inflationary and highly bullish for Gold, negative for the currency.
It has always happened that way and has been happening since DEC 2015.
But the Media always tells otherwise.
FED resumed rate hikes and Gold lifted from the US$1050 base.
More rate hikes means currency buys less, therefore value of that currency goes down which is reflected in the exchange price. Gold and other dollar denominated commodities stand to benefit.
Anway, I was a happy SLR buyer today.
- Forums
- ASX - By Stock
- SLR
- Chart About to break upwards?
Chart About to break upwards?, page-37
-
- There are more pages in this discussion • 115 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SLR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online