Well i tried to delete my account, but as many probably know you cannot! So i guess i'll be sticking around. Booooo
Skol, to answer your question i don't rely on technical analysis for being long on gold. I have no frickin clue where your chart is going SHORT TERM, don't care much either.
I look at macroeconomic indicators for 3-5 year view such as the fact that governments around the world are printing trillions in fiat currency which can only lead to excess inflation in the long run. The biggest risk today is political risk imo, corruption is rampant and this is just the beginning imo.
By my own admission its a simple thesis, but one i believe in. I kind of hope im wrong because the political conditions that see gold skyrocket is going to hurt far more people than it benefits. Id happily donate every single dollar i had in PM and gold stocks to see a better future for all.
Can we be nicer to each other please, im trying my best here (don't mean you Skol but everyone).
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Price($) | Vol. | No. |
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