RE:RE:RE:RE:RE:RE:Blown out of the water; good job Clive !You guys are halirious.
Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.
Bitcoin is for what?...well, how many government in the world holds bitcoin for value? What does that say about trust in bitcoin which is the foundation of all money?
Anyways...yes time to pull all those cheap asks...how many of you puked under $5? We can either fall back to $3.70 to test the MA 50 or shoot pass the MA200 at $4.40 and gain support there. Would be very bullish if we retake MA200.
The so-called "analysts" that pumps out daily articles just think tapering means higher yield and bet against gold but fail to understand that tapering alone without raising rates...actually has the effect of lowering real rates...to even more negative. Already more than half of US bonds are negative, some 14 trillion USD of it. That's what I call TRASH. When gold becomes tier 1 capital it will replace bonds...less errosion of capital over time if banks hold gold rather than US treasuries...if you believe in prolonged inflation (stag or not), and perpetual roll over of low rate goverment debt...etc.
If I can figure this out...surely the big boys are aware...and as I pointed out the miners have started to outperform POG on the daily and now weekly...can you connect the dots?