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  1. E

    Which way? Energy

    Good. Just need that POS Putin to go the same way.
  2. E

    Which way? A Gold Timing exercise

    Just because you're paranoid about Gold, doesn't mean it's not out to get you. :D
  3. E

    BitConnect founder charged with orchestrating $2 billion Ponzi scheme

    One obvious risk with crypto "savings" accounts is that they are not covered by the FDIC in the US (FSCS in the UK). If the company goes bust, you could lose everything. Anything yielding 20% has got to be high risk because, in order to generate such a yield, they must be lending to borrowers...
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    BitConnect founder charged with orchestrating $2 billion Ponzi scheme

    Most of the time, the risk is extremely low. Houses are as safe as houses. :D If the borrower defaults then the lender gets the house (foreclosure/repossession). It's only if there's a big recession and property slump (like 2008) that the banks can get into trouble (negative equity)...
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    Which way? A Gold Timing exercise

    I'm not but it is looking promising. If the bull is back on, I'd expect a break above $2100 (a new ATH) within the next few months.
  6. E

    Which way? A Gold Timing exercise

    Gold and silver spike higher again. Let's see if it's just another flash in the pan.
  7. E

    BitConnect founder charged with orchestrating $2 billion Ponzi scheme

    He did say "pays 100 of percents, never mind thousands in interest is a ponzi" Even Madoff didn't try to pay out these rates of interest. :D
  8. E

    Crypto Macro Trends for 2022

    Other than gambling speculation, does this shit stuff serve any real purpose in life?
  9. E

    Oil

    If you're looking for a real man role model, that would be Vlad. He's so tough and butch. :D
  10. E

    Which way? A Gold Timing exercise

    I suppose there must have been a logical rational reason for it. :rolleyes:
  11. E

    Bitcoin and Crypto Daily Market Updates by CryptoAltum

    I've found this which predicts whether BTC will be bullish or bearish. BTC bull/bear predictor
  12. E

    Which way? A Gold Timing exercise

    Gold soared then fell right back down. Bitcoin did the complete opposite; plunged then went straight back up. Wacky markets.
  13. E

    WTF is doing all the selling?

    It's not just margin calls. It's a flight to safety. Look at the price of gold and silver.
  14. E

    Which way? A Gold Timing exercise

    Stock markets tanking. Crypto tanking. Gold & silver going up. If nothing else, they are still perceived as a safe haven when the sh*t hits the fan.
  15. E

    Which way? A Gold Timing exercise

    Having said that, the next couple of years or so might just be one of these periods. But it needs to break out to a new ATH first. We shall see.
  16. E

    Which way? A Gold Timing exercise

    It's not bad as a portfolio diversifier but as a long-term investment, in its own right, it's crap compared to the stock market. There are times when it performs very well but, as SunTrader said, those periods are few and far between. I have just bought my wife a 50g gold bar for her birthday...
  17. E

    Which way? A Gold Timing exercise

    Yep, gold is a poor investment compared to the stock market. Silver is much worse though. Who'd want to invest in something with a chart like this! https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart
  18. E

    Which way? A Gold Timing exercise

    I guess that's why trillions of dollars of the stuff is held by Central Banks all around the world. Although I guess they'll be swapping it for crypto any day soon. :rolleyes: Pull up a very long term chart of Gold vs Silver and you might change your mind. Trust me, you do not want to own...
  19. E

    Which way? A Gold Timing exercise

    No, what I meant is Gold is the driving force. For Silver to go up, you need a Gold bull market. Sure Silver will go up more percentage-wise because it's a tiny market and it acts like a leveraged play on Gold.
  20. E

    Which way? A Gold Timing exercise

    Silver will follow if the Gold bull market resumes. Typically, in a roaring gold bull market, silver appreciates more with the GSR falling. If I recall correctly, at the ATH in 1980, it had fallen to 16:1. $1900 is a step in the right direction but I'd want to see $2100 before having any...
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