. Note: Readers should re watch the silver back screen news video, here.
The following video looks at price action and Wyckoff logic.
More from RTT Tv
Chart in video
If gold moves, silver will trickle up on its back.
Paul Tudor Jones states he likes gold :
.."The best trade is going to be gold. If I have to pick my favorite for the next 12-24 months it probably would be gold. I think gold goes beyond $1,400... it goes to $1,700 rather quickly. It has everything going for it in a world where rates are conceivably going to zero in the United States."...
The important take from the above is the messaging to the wider investor base that gold will be a likely choice for large funds, it will become the norm and not the exception. Gold is not a funny little yellow metal any more.
Caution: A bullish gold move is subject to a strong spike in the US dollar which may result from a sudden equity market crash.
More hard money fundamentals via Luke Gromen (Trade Ideas - Real Vision Tv).
Ray Dalio talks weaker US dollar.
Original Post: http://bit.ly/2WCZQ31
No comments:
Post a Comment