Its Over

David: Gold getting ready to blast

Gary: Rug pull coming in Gold

https://x.com/Empiretrader82/status/1808684766893650069

...IMO Gold is going to chop in the short term, fall in tandem with equities when the major correction arrives, then in its aftermath heralds a big bull market, even $3k would be conservative. So Gary could be right first before David.

...but nothing to be bothered about if one holds the physical Gold, not gold stocks.

All time view
GOLD Charts and Quotes — TradingView
XAUAUD Charts and Quotes — TradingView

...I know that Gold is the best long term hold which is better than Cash because no loss of purchasing power and better than the majority of stocks because even the best of stocks can implode over time (you don't have that with Gold) .
....AUD Gold delivered 422% in 18 years since 2006 (23% pa average) - one that you won't have to worry as much if you time an incorrect entry as long as you have time
....but Gold newsletter must impress on gold investment except that it is gold stocks that they are pitching, because they want you to subscribe and pay for an idea of which gold stock to buy.
....simply buy and hold Gold (physical/digital) is a long term no brainer but it is unexciting and won't lift our dopamine levels- that is what it is all about with investors/traders/speculators.

...even "long term" investors in darling stocks on HC forum must cheer their stock on a day to day basis...its a bit like the races, isn't it? But if you are truly a LT investor and have no concern over its LT performance, why the worry about short term price movements? It is because they are worried in truth (about their assumptions) and must cheer to keep the faith- we have seen this across all the one time favourite stocks from GSW to BIG to AVZ to APX, anything that delivered multi-bags and enriched early buyers.

...with stocks, you don't get that assurance that Buy and Hold truly works. Companies that have done well in the past, fast forward into the future, they may end up as a legacy stock with a legacy business made redundant by technological changes. You don't have that with Gold, which continues to relevant from centuries past and will become even more relevant as the years progress.