That asset is Gold. The breakout is a bullish cross over in which the 50-WMA breaking about the 200-WMA.
That was the start of the last MAJOR bull market in Gold.
More
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Thursday, January 12, 2017
The Last Time This Happened, We Saw Gains of 429%.
While CNBC and the financial media are pushing investors to buy into the “Stocks going to the moon” narrative, another asset class as just staged a once in a decade breakout.
That asset is Gold. The breakout is a bullish cross over in which the 50-WMA breaking about the 200-WMA.
This has only happened ONE other time in the last 16 years: in 2002.
That was the start of the last MAJOR bull market in Gold.
More
That asset is Gold. The breakout is a bullish cross over in which the 50-WMA breaking about the 200-WMA.
That was the start of the last MAJOR bull market in Gold.
More
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3 comments:
I don't buy gold as an investment.
I buy it as insurance.
It is money. Real money with intrinsic value.
It is insurance against fiat currency and the criminal banking industry.
Yes, gold price has been suppressed.
I hope they continue to suppress it, because I am a buyer.
Thank you
And redeem your precious gold for what,duh?
Can be redeem for anything you and another party agree to. Goods, services, fuel or money. Personally, I have bought both gold and diamonds after 9/11 up until 2008-09 when the prices went beyond the support line. Diamonds have increased dramatically and are easier to move around but harder to liquidate since the average person does not know a good stone from a poor stone.
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