I-80 Gold Corp T.IAU

ECB rate hike guarantees recession....

[metalhead666]

All the junk banks in the US are doing the tighten up....same as a couple of rate hikes.  FED will go .25....it's only when not if we sink into a massive recession which sets the stage for FED panic, pause, pivot and gold to make new all time highs.

Sold my TQQQ last night for a tiny gain....will add to miners next week....all done trading until the FED babble next Wed

Go easy

[NineLives]

Lower inflation, higher jobless claims on the horizon, Oil dropping, if the Fed tighten next week then they really are out to lunch. Expecting zero movement. Volume on IAU is dying, not a good sign. Radar on full alert.

[metalhead666]

Volume means nothing. There's no such thing as any "technical analysis" it's all voodoo nonsense.  I80 had a big run...EQX dumped some shares and left a bad taste in everyone's mouth....that overhang is a real put off.   However....As Ewen said yesterday...the I80 plan is a 5 year plan not a next week plan. Everyone wants instant reward which never comes in

[NineLives]

Volume ? TA ? If you think that then you might as well call everything you do as TA, even your decision when to buy when to sell. Volume purely monitors interest in company and flows. Like well bid, well offered. Get with the program and stop trying to correct everything and think you're right all the time. That's a sure sign of ADD, which if you have then I commiserate for you.

[metalhead666]

I don't have ADD. I do care about what is ACTUALLY true.  I don't "believe" anything and demand evidence before I'll accept anything to a degree of certainty.  There is no such thing as ANY viable t/a voodoo....it doesn't exist....it's make believe nonsense subscribed to like people buy into religion...by "faith" not evidence.  If there was

[NineLives]

Funny enough I looked at the RSI on TQQ this morning and it told me you sold way tooo early. All the best. You got to know when to hold em. As for volume on IAU, it tells me a hell of a lot, shame you're missing the signs. Off for a break, hopefully IAU will put out some drill results before returning.

[metalhead666]

Hindsight is always 20/20  I sold too early but still banked a win. Had NOTHING to do with any magical mystical numbers, lines or shapes on charts.  If t/a was so reliable and volume meant anything why are you sitting with a boat load of I80 underwater?  Nuff said. There is exactly NO scientific, empirical, statistically viable, studies, reports or analysis that demonstrates the