TheRealZed
Retired Sailor
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Which why what?
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why?
He has called 15 of the last 4 tops in Gold. So take it FWIWHe smells like a plant now to me. Where did he get/develop those trading systems? He comes out with a very anti PM video at least once every 2 weeks.
And he did note the Strong correlation between GDX and Silver. I had noted this quite some time ago. But he tries to say that GDX is going to cause silver to plummet. Lol, sure buddy. It's the other way around. They've pegged GDX to silver because silver was far easier and more manipulated.
Something I realized today. You could have bought almost ANY other sector than the precious metals at the 2020 lows, and done better than the precious metals. Such a pathetic place to be
Gold Silver Ratio Weekly - Seems to be developing this descending saw tooth pattern. Rate Of Change is following the pattern but declining, indicating that the GSR is getting weaker here. This is bullish.
View attachment 10348
Something I realized today. You could have bought almost ANY other sector than the precious metals at the 2020 lows, and done better than the precious metals. Such a pathetic place to be
... very interested in hearing what he has to say.
... 612% by 2026?
...
Wednesday, the U.S. Labor Department said its much-anticipated Consumer Price Index rose 0.6% last month, following a 0.2% rise in June. The data was in line with expectations.
However, the report said that inflation in the last 12 months rose 3.7%, up from July's increase of 3.2%. According to consensus forecasts, economists expected inflation to rise 3.6% for the year.
At the same time, the report said that higher consumer prices continue to be embedded in the broader economy as core CPI, which strips out volatile food and energy prices, rose 0.3% last month. Economists were expecting to see a 0.2% increase.
...
"This latest US CPI data is unlikely to move the needle on the Fed's highly anticipated move to hold rates steady at their meeting next week – which has already been priced-in by financial markets," said Nigel Green of deVere Group in a note to clients. "But the uptick in inflation gives the U.S. central bank extra reason to be hawkish moving forward. As such, we also expect the Fed will start to prepare the market for a rate increase at its November meeting."
...
It is going to be pre-recorded so I imagine you will be able to watch the presentation later.I'm traveling Thursday but would be very interested in hearing what he has to say.
Only 612% by 2026?
With higher inflation I would think it makes it more expensive to extract the metals which should put pressure on the share prices.Inflation numbers came in hot. Metals are suffering as markets expect the Fed will have to continue raising rates in the short term.
With higher inflation I would think it makes it more expensive to extract the metals which should put pressure on the share prices.
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