Gold up, Three Amigos all up
Hate to ruin a good conspiracy theory conversation, but anybody else see a pattern emerging here?
Gold has strong down or up days ... um, the Three Amigos follow like a cat following a laser dot ...
It isn’t brain surgery. Goldstorm has sufficient evidence of being a major gold deposit, PSZ may double down on that. Up to the NE, maybe more still.
Forget looking at the daily trading and pricing of the stock - watch global currency trends, the US dollar chart, the gold chart, FED policy, predictable government actions. Unless there has been a massive failure of polling or a Trumpian miracle to trump all miracles occurs, there appears to be a blue wave coming in the United States that is going to initiate huge infrastructure, small business relief, transfer payment spending ... whither goes gold in such times?
And I almost beg you, strangers, get the hell out of blue chip equity now and wait and see. The upside is limited but the downside is big and scary. The potential knock-on effect on little fish like the Amigos tied to the price of gold may be bad enough as it is. The dip may be both very frightening white knuckles not to sell, plus a whale of a buying opportunity. Some dry powder might come in extremely handy for the brave.
I am really getting worn down by politics, pandemics, social distancing, no parties, fires, hurricanes, elections, and the overall weirdness of this year all the way down to that fly on Mike Pence’s head.
Hope 2021 and at least a few years that follow are comparatively dull (Andy prosperous for young people especially) except for the amazing run of the gold price and phenomenal fortunes made by Treaty Creek speculators holding the Amigos. I wanna upgrade my bunker!
cg