Why is gold doing so shitty?

Strategy for Gold (especially for sideways action)
15000 tick BAR
Any direction - Signal is 50% level of BAR
Stop loss - 50 ticks
Profit target - 50 ticks

Gold is your friend.
 
SoyUnPerdedor said:
Any idea? Inflation is here, and its only getting worse. Yet gold is way off its highs close to $2000, and is right above $1800. Thoughts?
More...

Gold (and other assets) went up with the real inflation: money printing and money supply expansion.

The price of eggs in the shops etc (CPI) is not actual inflation, it is the symptom of years of money printing.

Now if they slow down money expansion while also giving you interest on your cash, why buy Gold which pays no interest and also likely to fall in value due to reduced demand (with people preferring cash instead).
 
Last edited:
Because people are scared shitless and they are thinking about another 9/11 or another WW2, When shit hits the fan and you're desperate for a sandwich, what the fuck are you going to do with a gold bar? The ad's from William Defoe have pissed me off from the start.
 
One big argument about gold is that it is not easy to dispose of. The gold bars and gold coins that is. In addition to thugs, probably, robbing you if you have gold coins or bars in your possession. Much simpler to trade gold stocks. Look at the stockcharts and do not trade blindly like so many retail traders do. In a highly, inflationary environment, your goal should be to compound your monies several multiples of the inflation rate. Inflation should remain sky high due to a lot of factors beyond our control. The Federal Reserve saying inflation will just go down magically, is a pipe dream. Keep smoking that crack pipe fools.
 
You must log in or register to reply here.
Back
Top