buy the lower bound support levelsVAU has been trading in a range and has formed a rising wedge pattern as shown by the trend lines I have drawn. Resistance level is clearly defined with 3 tops and the lower band is not as clear but take a punt on the support level holding.
Gold miners have sold off in the last months while gold has gone sideways. Gold Silver ratio showing a breakout is imminent and the bank shares look overstretched. More loans need to be taken out therefore more migrants are required to take out loans.
Loans for speculation always leads to the same result. This Mississippi bubble will dwarf the one in France.
VAU trade ideas
VAU name changeok. so it was Silverlake
and then it was RED
and now its VAU .
The daily chart showing a nice down trend line breakout. I expect
VAU to run up to 50 cents again and retest the highs for the year.
Gold price in all currencies showing great resilience this year. In previous years every rally was followed by massive selling. The sellers are weak this year. Buying pressure is strong because the insiders expect more cheap money to fund Ponzi economies. cheap money is like sugar feeding a cancerous cell. Eventually the cancer cell will kill the host.