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
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
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
I don't buy gold as an investment.
ReplyDeleteI 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?
ReplyDeleteCan 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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