Which way? Gold.

[themickey]

Even copper imo is a poor investment, here is gold (indigo) compared to copper (black), 10 year chart. Negative returns!!!
Why would one bother?

 

[themickey]

10 year chart, copper and gold (flat line at the bottom of the chart, oh woe is me ffs! ) versus Bitcoin USD (green).

 

[themickey]

Here's a 10 year chart of gold (black) versus Utilities sector (indigo, code XLU).
You know, that boring stuff like electrical utilities, airports, telecoms....
It's beaten gold hands down by being up 112% versus negative 3% for gold.
Gold is all hype and no substance!

 

[Overnight]

View attachment 294701
Here's a 10 year chart of gold (black) versus Utilities sector (indigo, code XLU).
You know, that boring stuff like electrical utilities, airports, telecoms....
It's beaten gold hands down by being up 112% versus negative 3% for gold.
Gold is all hype and no substance!

Time for you to start trading cows. At least you can control them.

 

[Nine_Ender]

Once upon a time I thought I could successfully trade/invest in gold, but my opinion has changed. IMO, there are far better opportunities where the commodity price is not manipulated.
View attachment 294689

Oh looky looky where gold is right now, at the bottom! (as usual)

View attachment 294690

Even crypto is a better bet imo.

Hard to say; gold/silver mining stocks tend to suck 90% of the time and make big up moves 5% of the time, Since I noted OGC it's up roughly 10% from 1.86 to 2.03 and it will almost certainly hit $3 again in any Gold rally if one occurs. So as a TRADE it was a good bet. From the chart that 1.86 area was a decent floor target.

 

[Overnight]

Hard to say; gold/silver mining stocks tend to suck 90% of the time and make big up moves 5% of the time, Since I noted OGC it's up roughly 10% from 1.86 to 2.03 and it will almost certainly hit $3 again in any Gold rally if one occurs. So as a TRADE it was a good bet. From the chart that 1.86 area was a decent floor target.

Cows dude. Take 'em down a few points into the holiday.

 

[themickey]

3 year daily chart, percentage changes.

S&P500 - black - 32.56%
Copper cash - green - 39.64%
Gold cash - indigo - 15.20%
Lithium ETF - red - 214.4%
Uranium ETF - blue - 111.55%
Nat Gas ETF - orange - 57.8%

Unfortunately, gold is the winner in the loser's stakes.
Dr Copper comes second in the Shanks Pony race.

 

[Nine_Ender]

3 year daily chart, percentage changes.

S&P500 - black - 32.56%
Copper cash - green - 39.64%
Gold cash - indigo - 15.20%
Lithium ETF - red - 214.4%
Uranium ETF - blue - 111.55%
Nat Gas ETF - orange - 57.8%

View attachment 295094

Unfortunately, gold is the winner in the loser's stakes.
Dr Copper comes second in the Shanks Pony race.

Maybe so, but as trades OceanaGold and New Gold were surprisingly strong lately despite Gold weakness. Could be signalling that the miners valuations are getting some attention beyond just commodity correlation. OGC testing $2.10 level today. NGD up last two days no idea why.

 

[Nine_Ender]

Gold tank again today but curiously TSX miners aren't tanking with it. I'm seeing volume buys on some of them today not sure what to make if it but suggests there are some large players out here liking these stocks at these levels.

 

[Handle123]

That totally deserves a fart in your general direction!

I get these comments from a multitude. So long as it happens and not stopped, my automation produces signals, I don't cause it, just wait for a pattern to react.
Just like waiting for retail to make some breakout trade, I know where their stops are.