Page 2 of 2 FirstFirst 12
Results 16 to 17 of 17
  1. #16
    Join Date
    Jul 2021
    Location
    UK
    Posts
    503
    Thanks (Given)
    10
    Thanks (Received)
    115
    Likes (Given)
    112
    Likes (Received)
    50
    Piss Off (Given)
    13
    Piss Off (Received)
    0
    Mentioned
    8 Post(s)
    Rep Power
    137316

    Default

    A Gary Wagner snippet from Kitco this morning .Confirms what should now be fairly obvious and PMs should move up further , particularly if the fake Covid variant stories are continued .

    DXY took a large hit yesterday and if it falls further -- say under 91.80 -- this will be extremely bullish for the metals .


    QUOTE :- This jobs report was an extremely bullish factor for gold futures taking the precious yellow metal $18.40 higher, with the December 2021 contract currently fixed at $1829.90. But the most profound effect that this report revealed is that the Federal Reserve will have to hold the current plans to normalize their asset purchases by tapering and cement their conviction to leave interest rates near zero for quite some time in the future. These factors have will an extremely bullish impact on the safe-haven asset gold for multiple reasons, which we will detail and discuss in our daily commentary next week.

  2. Thanks LongTermGuy thanked this post
  3. #17
    Join Date
    Jul 2021
    Location
    UK
    Posts
    503
    Thanks (Given)
    10
    Thanks (Received)
    115
    Likes (Given)
    112
    Likes (Received)
    50
    Piss Off (Given)
    13
    Piss Off (Received)
    0
    Mentioned
    8 Post(s)
    Rep Power
    137316

    Default

    Quote Originally Posted by jimnyc View Post

    I do have a little in Ethereum but just feeling the waters out for awhile, crypto wise. But now it's getting saturated and difficult to figure who to invest in & when.

    At least $5000 by month end ? Just under $4m at present
    Snippet from ZH below .


    Ethereum (ETHUSD) is seeing some healthy consolidation after briefly breaking above the psychologically key 4k whole figure level Friday. Significantly, although odds are moderately high for a retest of the record high in September, the steepness of the rally extension since late July suggests a high likelihood for the mild profittaking that has just begun to last another week or so. Any pullback in September to 3.5k will likely be brief. ETHUSD's correlation to BTCUSD (on a weekly chart) is suddenly back to 0.82 and trending towards the upper end of its 5 year range. Congratulations to readers alerted August 1st of the completion of the major June-July bottom, and to those who heeded the warning May 16th of the major top forming. I am long as of this past week in the 3340-3500 range, targeting 3700-4000 for September. The weekly RSI, Stochastics and MACD are rallying, but weighed by the tiring daily RSI and Stochastics.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Debate Policy - Political Forums