RE:Plum - Gold Hey Mick. Take notes from this guy. He actually has a brain.
I agree buddy! Gold will be HOT in the coming years.
have a great weekend
feenewbie wrote: Don't disagree with you Plum. I've been playing Gold mostly on the US market since last spring - have done very well in leveraged plays (NUGT/JNUG). The current falling 30 & 10 year treasury yields and inflow to safe havens are very bullish for gold. I generally follow the miners' GDX ETF and there's a few cautions right now, particularly the bear wedge pattern developing. Also the Bullish % ($BPGDM weekly) is on a gold sell signal, but that can change in an instant - it has been getting whipsawed lately. The Powell meetings tend to wreak havoc on the gold price as well - usually to the downside - the next speech is on Jan. 29th. So gold bugs may want to tread a little carefully next week - might want to dip a toe in rather than a whole foot until the lay of the land plays out, and then buy pullbacks! I'm sure you noticed the tremour in the VIX yesterday - mentioned for those who did not - so out of US equities seems to be a smart move for now! GLTA