Are You a Gold Bug?
SUMMARY
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Since last year, I've posted that Gold is in a bear market and still remain in that position. The below chart shows a maturing red B wave and once complete, the resulting C wave down in five waves can become shocking to many who see Gold as a safe haven. Wave C could target the 0.78 Fib level because look how the blue wave 5 is so EXTENDED!!
Another variation that could truncate the time of the decline iniation is that a bear flag could be in play as shown. IF this is correct, the C wave target would not be changed.
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i well detailed analysics...@haejin
Yes you are right it seems really terrible your speculation gold worth is far away from bear market but next what will happen i dont know and will wait for your next post for reconfirming about its worth
platinum $500 and gold $500 a 1:1 ratio its happened before but rare
Can you do silver pls
Barrick’s total cost to produce gold last year was $1,125/ounce. At $600.00/ounce every gold mine on the planet would go bankrupt.
@dave19428 you're on the @abusereports naughty list!
Bad Steemian! Bad!
lol
@dave19428 you're on the @abusereports naughty list!
Bad Steemian! Bad!
Not if there's dollar inflation
Why have China and Russia been amassing so much of it if the price is going to seriously tank ? On this one I disagree with Haejin I think Gold will do its usual little bouncing up and down for a while yet, but if we say major dollar inflation or major countries dumping the dollar as the world currency, expect a movement upwards not down !
I do not believe in Gold because in my country we have to import it and it affects our exchequer
And i just bought the gold 3x etf UGLD. Should i hold for now?