Gold's New Bull Market?
Updated
LOTS of reasons to love Gold here (and silver for that matter):
I realistically find it VERY hard to find even 1 reason (other than manipulation) that Gold falls significantly from here...
Putting 50% of portfolio in miners (GDX,GDXJ) Silver(USLV), and Gold (UGLD) - Long Term trade 3-6 months
- Breakout of 8 year resistance and technically perfect test/retest
- Above ALL major moving averages with bullish crossovers behind us
- Previous 5 FED Rate Hikes have produced sharp gains and market highly expecting next hike - 3/21 - 95% chance
- Recent Inflation Figures much Higher than expected
- Stock Market volatility has returned
- Mounting Debt with rising rates crushing dollar
- 40 Year Bond market bubble is a HUGE problem
I realistically find it VERY hard to find even 1 reason (other than manipulation) that Gold falls significantly from here...
Putting 50% of portfolio in miners (GDX,GDXJ) Silver(USLV), and Gold (UGLD) - Long Term trade 3-6 months
Note
Zoomed out view w/ Target Prices and Stop Loss
Trade active
Here we go!!Note
Since FED increase 2 days ago Gold is up 3% and DOW is down 1200...lets run!!Note
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