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ktrianta

9,472 Posts.

221

24/08/24

12:44

Post #: 75355230
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Originally posted by Anonandon: ↑

He is now bearish on metals after recommending going all in a day earlier, or at least it felt like that. Making my head spin. I get that he has to call it as he sees it and the market is very tricky atm but he shouldn't be so certain of his position if that is the case.

Anyway enough complaining.

Gold appears to be in a rising wedge and that is not usually bullish. Powell's rate cut call overnight is likely to give it a strong boost in the short term though. Could run a bit further but the odds suggest a drop. I might sell some (that I bought earlier this week!). GLTAH.

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Wow!!!!

His latest free update which l posted on 19th August, he was talking about the easy phase. That was only 5 days ago!!!

My worry is about a black swan event that takes all the markets down with it.

For now, l will keep selling into strength.
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