Decade Resources Ltd V.DEC

Gold: Is it Time to Buy?

[fourbarrels]

Great read from Stewrt Thomson

Nov 24, 2020 Gold: Is It Time To Buy? Stewart Thomson 321gold ...inc ...s

Nov 24, 2020

1. Another awesome day is underway on the gold market gridlines… for eager accumulators of the world’s greatest asset!

2. Please click here now. Double-click to enlarge this fabulous weekly gold chart.

3. The $1788 support zone is my focus for fresh buying.

4. Serious gold market accumulators should also take note of the $1740 Fibonacci retracement area and the $1671 lows.

5. Tactics? Please click here now. Double-click to enlarge this XRP crypto coin chart.

6. The crypto assets often peak against US fiat in the December time frame, and precious metals often begin to rally at the same time.

7. Please click here now. Double-click to enlarge this GOAU ETF chart.

8. I’m booking great profits on cryptos and using some of the proceeds for “nibbling” at gold, silver, and miners.

9. This is my recommended plan of action for most gold bugs around the world!

10. For the funds I manage, my current focus on the buy-side is the GOAU ETF.

11. Chinese New Year, US infrastructure welfare (called stimulus by the government), global debt growth that dwarfs GDP, and a possible war cycle…

12. These are all solid pillars for gold going into 2021.

13. Please click here now. Double-click to enlarge this weekly T-bond chart. The technical action is clearly in sync with the weekly gold chart.

14. The support zone for T-bonds at 166 corresponds almost perfectly with the $1788 support zone for gold.

15. Please click here now. Double-click to enlarge this FCG natural gas ETF chart.

16. There’s a beautiful bull wedge breakout in play and mainstream analysts believe that corona vaccine breakthroughs will power a strong global recovery.

17. That’s good news for natural gas!

18. Not all precious metal investors are comfortable buying price weakness in volatile mining stocks, but most of them like the oil and gas sector.

19. Investors can “energize” their portfolios for 2021 with a decent allocation to oil and gas.

20. Energy stocks are rallying now, but from a very low level. Momentum-oriented value investors should consider taking buy-side action right now and buy more on any pullbacks.

21. Diversification, sector rotation, and seasonality are important keys to building sustained wealth over the long-term. Each asset class has a time to soar and a time to swoon.

22. Please click here now. Double-click to enlarge this SIL silver stocks ETF chart. Note the support zone defined by the May high at about $37.53.

23. Silver stocks look set to arrive at that marvelous buy zone at the same time as gold arrives at $1788.

24. What rhymes with $1788? Well, that would possibly be… buying key miners, and making 2021 great!

Thanks!

Cheers
st

Nov 24, 2020
Stewart Thomson

[amxjavelin]

Geeat post Fourbarrels 

[Mulli15]

Youre funny AMX! stockmoves and I are bashers but Fourbarrels posts basically the same thing just a published article that gold is heading lower and its a great post.

[fourbarrels]

TBD how much further POG will drop if at all. Several chart analysts are looking at $1800 as key support and think it willl bounce from here. 

[Mulli15]

What are the catalysts for a turn around in Gold?  Huge Stimulus package? most likely not coming until Biden is in office. Possible February Stimulus. Negative interest rates? Most likely not happening unless the market tanks which gold will tank as well for margin calls. Inflation? I believe they are more worried about preventing deflation at this point. A new large stimulus package might

[Mulli15]

A near term catalyst in my opinion could be Trump poking the Chinese bear before he is out of office and creating volitility in the markets and an escape to safe havens.