Gold's New Bull Market?
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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.