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DrStool

Reversal Night 3/24/20

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1 hour ago, potatohead said:

This has been confirmed.

Image

Exactly that is why Gold will do very well and Miners may not...IMHO

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30 minutes ago, sandy beach said:

Block-chain with a unique ID tagged to the underlying allocated commodity would be the way to build a proper gold paper market. Then there could be no more funny business. 

I have looked into this and most digital gold programs in detail. All are $hit. There is extreme counterparty risk, conflict of interest risk, delivery risk, etc.... Has anyone read the agreements to these programs and actually understand what they own and their recourse?  Everyone is trying to recreate the wheel. Why not just own the wheel? This idea that everything needs to be digital is a joke. Security and convenience do not go hand in hand for a reason.

 

I should mention there is a way to do this right, digitally, but no one want to go the extra step. These programs are designed for their sponsers not the public.

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5 day cycle projection 2475. 

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Just came out..... reassurance or advertising? you decide....this is an allocated or pooled program with owners sharing a 400 oz gold bar.

image.png.adbc73515fbdb930792305e2fa279c5a.png

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Top of channel 2412-15

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The funny thing is that if you just look at the chart without the prices, it's perfectly orderly. 

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12 minutes ago, DrStool said:

The funny thing is that if you just look at the chart without the prices, it's perfectly orderly. 

bear flags take time....pure guess but i wouldn't doubt if .....sell in may and go away....will work again

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49 minutes ago, potatohead said:

Just came out..... reassurance or advertising? you decide....this is an allocated or pooled program with owners sharing a 400 oz gold bar.

image.png.adbc73515fbdb930792305e2fa279c5a.png

It's so beautiful.  I could stare at it all day long.  It's so ...yellow and soft and heavy and smooth.

Gold fever is a real thing. 

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Just now, GregFokker said:

Gold fever is a real thing. 

It's an illusion.

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S&P500

38 fibo at 2650

50 fibo at 2792

that's quite a long way to go.

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