Absolutely true. I reviewed the SLV price chart and it is a nice entry price. Almost retraced to the fifty day MA just above the prior established trading range. As I was observing the spot price and futures prices today, I was confused about the large disparity in the daily changes. I thought I was getting corrupt data until I read Jim Wyckoff's AM round up article. [ The disparity between the daily price change in the gold futures market and the cash market is due to the Comex futures market officially closing Wednesday, before the FOMC minutes were released—while the cash market continued to trade Wednesday after the FOMC minutes report was out. ]
I rode out the 08-09 Markets and so I am more cautious when I see the possibility of the Fed choking off the helicopter money. Japan and Europe are on a different track as is China. A man can be overly cautious, maybe I am. Luck to you. I already have some regrets, as the metals market lulled me to sleep after two years and then suddenly spiked in January. The private Bankers sit on the Regional Fed boards of directors so they do have a distinct advantage over the average citizen. I am only hinting that unethical conduct is occurring not making an indictment.
I listened to Bloomberg TV and observed the market reaction. A comment was made that implied the Fed was worried the market was not taking into consideration the rate hikes to be implemented this year. With this in mind, and also the market moving sideways for a lengthy period of time, I am mostly holding cash. So much cross talk from Bank Ministers in different countries; the way to invest is not clear to me, so therefore until the market direction and momentum become obvious, I shall stay mostly in cash or cash like securities.
price action with the United States Dollar. I believe the prevailing intermediate trend will reassert itself and continue to decline relative to other currencies and gold. Reading between the tea leaves.
You got a thumbs up from me. I just by chance reviewed the Yahoo analyst's opinion page and noticed BMO is frequently changing its opinion. The last call in November was a winner. Today I listened to Frank Holmes latest video and he was suggesting if gold buyers got in early on this rally that they should probably take some money off the table now. Expecting a minor healthy correction, four or five percent. I am not making any predictions myself. Currency and metals markets always fool me.
Put me down for five thousand shares @ when the Market opens this coming Monday. There are risks of course, but the odds are looking better than just a few months back.
this train ticket but I missed the opportunity. Hopefully It was not the last train departure for 2016. I have been looking for laggards. You heard the saying before. BIRDS OF A FEATHER FLOCK TOGETHER.
new GSS millionaires ? It ain't me. I am still grinding away with penny ante poker games. Not getting rich and not going broke. My whole like is a grind. Famous line of dialogue from the movie Rounders.