Gold Breakout Underway
Gold Breakout Underway
This is the end result of the US dollar death spiral...
This Hasn't Happened to Gold in Over a Decade
http://www.zerohedge.com/news/2017-09-0 ... ver-decade
Bloomberg Dollar Spot
https://www.bloomberg.com/quote/BBDXY:IND
This Hasn't Happened to Gold in Over a Decade
http://www.zerohedge.com/news/2017-09-0 ... ver-decade
Bloomberg Dollar Spot
https://www.bloomberg.com/quote/BBDXY:IND
Paranoia is just having the right information. - William S. Burroughs
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- Contrarian Expatriate
- Elite Upper Class Poster
- Posts: 5415
- Joined: December 2nd, 2009, 9:57 pm
Re: Gold Breakout Underway
If you really want to cash in on the breakout, you should be buying the gold mining stocks. I recommend GDX, GDXJ, or VGPMX they've been beaten down for so many years, that this is overdue.
The trick is to not hold them too long. Run it up and get back out.
Silver is actually doing well also as are the mining stocks. Look into SSRM and SLVP which are more erratic but on the upswing.
The trick is to not hold them too long. Run it up and get back out.
Silver is actually doing well also as are the mining stocks. Look into SSRM and SLVP which are more erratic but on the upswing.
Re: Gold Breakout Underway
The fact that crypto currencies and gold are breaking out at the same time indicates the US dollar is officially on suicide watch since they are both dollar replacements.
Central Banks are printing nearly $180 billion per month in QE. When the next crisis hits, it’s going to be well north of $250 billion if not $500 billion per month.
This is going to send inflation trades, particularly Gold, through the roof.
Central Banks are printing nearly $180 billion per month in QE. When the next crisis hits, it’s going to be well north of $250 billion if not $500 billion per month.
This is going to send inflation trades, particularly Gold, through the roof.
Paranoia is just having the right information. - William S. Burroughs
- Contrarian Expatriate
- Elite Upper Class Poster
- Posts: 5415
- Joined: December 2nd, 2009, 9:57 pm
Re: Gold Breakout Underway
Not just gold but also Platinum, Silver, Palladium, and Rhodium too.Taco wrote:The fact that crypto currencies and gold are breaking out at the same time indicates the US dollar is officially on suicide watch since they are both dollar replacements.
Central Banks are printing nearly $180 billion per month in QE. When the next crisis hits, it’s going to be well north of $250 billion if not $500 billion per month.
This is going to send inflation trades, particularly Gold, through the roof.
Rhodium was about 10,000 an ounce in 2008 during the crisis, it is now just south of 1000 an ounce!
https://www.goldeneaglecoin.com/buy-rhodium
Remember, if you don't own physical bullion, you only own paper IOUs that might not be honored when The Great Reset happens.
Last edited by Contrarian Expatriate on September 22nd, 2017, 4:10 am, edited 1 time in total.
Re: Gold Breakout Underway
That's very interesting.Contrarian Expatriate wrote:Not just gold but also Platinum, Silver, Palladium, and Rhodium too.Taco wrote:The fact that crypto currencies and gold are breaking out at the same time indicates the US dollar is officially on suicide watch since they are both dollar replacements.
Central Banks are printing nearly $180 billion per month in QE. When the next crisis hits, it’s going to be well north of $250 billion if not $500 billion per month.
This is going to send inflation trades, particularly Gold, through the roof.
Rhodium was about 10,000 an ounce in 2008 during the crisis, it is now just south of 1000 and ounce!
https://www.goldeneaglecoin.com/buy-rhodium
Remember, if you don't own physical bullion, you only own paper IOUs that might not be honored when The Great Reset happens.
With the recent gold breakout I also noticed that copper and iron ore have been declining. Its usually a bad sign for the US economy when that happens.
Metals Massacre
http://www.zerohedge.com/news/2017-09-2 ... month-lows
Paranoia is just having the right information. - William S. Burroughs
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