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Post by yogibearbull on Jun 24, 2021 20:27:37 GMT
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Post by chang on Jun 29, 2021 13:32:44 GMT
Gold and silver are exhibiting no sex appeal whatsoever lately.
Maybe it's crypto that's the glittering, shiny object now ✨.
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Post by uncleharley on Jun 29, 2021 16:42:40 GMT
It is possible that the USD is the new shiney object now. The U S seems to be handling the Covid problem better than many countries, possibly making the USD stronger on a relative basis.
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Post by anitya on Jun 29, 2021 19:27:43 GMT
I keep increasing my GDX call options and without my knowledge my GTC order to buy (I forgot I had it sitting) triggered this AM at 6:30. Somebody had enough and wanted to get out.
Question to all,
Am I correct in assuming that gold is not considered an industrial metal? E.g., ETF DBB does not include gold. If it is considered industrial metal, I should be out of it and its proxies.
Edit: On a side note - FMSDX has not been doing well since the commodity trade has turned down. Its long duration bonds have not been sufficient to compensate for the lagging horses in its stable.
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Post by anitya on Jun 30, 2021 19:57:50 GMT
Was yesterday an intermediate bottom for Gold and its derivatives? I hope so. Since my entire exposure is in call options, time is of the essence. I am tempted to also take a long position on the underlyings.
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Post by uncleharley on Jun 30, 2021 20:08:14 GMT
My chart indicates another 8 to 10% potential downside to gold.
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Post by richardsok on Jun 30, 2021 21:57:05 GMT
My chart indicates another 8 to 10% potential downside to gold.
Elucidate ?
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Post by yogibearbull on Jun 30, 2021 22:45:08 GMT
I mentioned in a nearby thread that post-03/2020, gold has tested 1,671-1,673 3x. That is not that far below.
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Post by uncleharley on Jun 30, 2021 22:54:46 GMT
My chart indicates another 8 to 10% potential downside to gold.
Elucidate ?
The daily chart for gold indicates a quad bottom in the 1671/1677 area. There is no significant support between here and there. I know of no reason why the bottom should not be tested one more time. 1677 is about 9% further down.
Edit: Oops, make that 4 or 5%. Thank You.
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Post by richardsok on Jul 1, 2021 2:32:16 GMT
The daily chart for gold indicates a quad bottom in the 1671/1677 area. There is no significant support between here and there. I know of no reason why the bottom should not be tested one more time. 1677 is about 9% further down.
Edit: Oops, make that 4 or 5%. Thank You.
Got it. Thank you.
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