I-80 Gold Corp T.IAU

HIGHER FOR LONGER! Jobs won't break...

[metalhead666]

Until they do.  Wages and jobless claims are NOT what Powell wanted to see.  Expect a 50 basis point move at the next FED meeting....

Not good for gold or miners or stocks at all

But it brings the day of reckonning all the closer.  There is an interest rate that will break the back of everything....it's close.

Mortgage applications hit a 28 year low!  Wow!  Clearly housing is done for and that's a big weak link.

Won't be long now before things start breaking but there could be pain even for gold and miners before the FED fold

[NineLives]

One question for you Metalhead, how many years back does your trading memory go without looking at graphs ? Just your trading memory.

[metalhead666]

A long way...1987 crash was my first introduction to meaningful events.  But that has nothing to do with "trading"  "Trading" is real time and subject to events and data in the present.  Every day is a brand new day and ever changing so I don't referrence charts at all for anything.  I have a big picture narrative and when I trade it's in the here

[NineLives]

There was a reason I asked. You have a very dark outlook for the markets as a whole based on 'Historical' figures, so first of all your reply didn't make sense to me because to say what you've been writing means you are basing your premise 'on Daddy's market' as you like to put it. If you went through the crash of 1987 and the fast recovery then you'll understand

[metalhead666]

Once again my 2 accounts closed at all time high valuations.  I know what I'm doing. There is no one right way. I do what works for me and what makes sense given my place in life now.  My "trading" is very small scale. I'll end the week banking $500 profit for my effort. I am not swinging for the fences and don't want the stress or risk of doing more than I'm

[NineLives]

One last comment. Hope your playing option strategies in these market, straddles, butterflies if not (as a short term trader) you'll be missing out on a lot of profit and price movement, especially when markets range trade as they have for the past 2 months. Good luck with your future endeavours and lighten up, a good trader will always have humour and flexibility or they become so wrapped up

[metalhead666]

I've already made my money. I have enough and don't want to get "rich"....I have more than enough for the rest of my years.  I have zero interest in any options other than occasional covered call writing.  I prefer to scalp my little gains here and there.  The markets won't "range" much longer....we're nearing an inflection point....big move

[NineLives]

Fair enough but let's just dissect IAU on this board, important posts are getting lost amongst the predictions. There is one crash that may be coming (final thoughts) a major housing correction in Canada. There are more listings in certain parts of the country than have been seen in 20 years. The speculators are starting to get very nervous. We shall see. IAU at $6.50 in 2 years would

[metalhead666]

IAU doesn't exist in a vacuum. It's part of indexes, funds, ETFs etc. It moves on things other than its own merits so it's critical to understand more than I80s drill results.  The FED influences everything more than ever. The economy, rates, the $, China, etc etc all have an influence on gold and hence what I80 stock does or doesn't do. If you don't discuss and understand