I’m planning to sell my gold and buy back cheaper. I’m not discounting that the spiked price of gold, dollar weakness, stock weakness, and bond weakness forced Bessent to pull back with words. Bessent is in over his head.
Been in the gold game a long time — caught the bug back in ’05. It’s been both a godsend and a cruel mistress. Right now? We’re in one of those humbling phases. That parabolic rip ran on headline helium, and now it's deflated. But this is a long game — always has been. I get where you're coming from. Still, before tossing in the towel, ask yourself: have the fundamentals really changed? Only you can make that call, but in my book, the shine tends to outlast the shakeouts.
I saw the gold price action this morning. It is a pullback from the parabolic rise. I’m tired of being whipsawed and volatile like the algos. I sold some of my profitable international stocks, and I’ll use it to buy gold as it heads to $3100. Every day is a potential reversal. Thanks for the advice.
Without any disrespect to the author (whose gonzo style I greatly enjoy), reading these tea leaves is like being obliged to serve drunks in a casino
You nailed it — the market’s a room full of drunks trying to count cards at a rigged casino..
I’m planning to sell my gold and buy back cheaper. I’m not discounting that the spiked price of gold, dollar weakness, stock weakness, and bond weakness forced Bessent to pull back with words. Bessent is in over his head.
Been in the gold game a long time — caught the bug back in ’05. It’s been both a godsend and a cruel mistress. Right now? We’re in one of those humbling phases. That parabolic rip ran on headline helium, and now it's deflated. But this is a long game — always has been. I get where you're coming from. Still, before tossing in the towel, ask yourself: have the fundamentals really changed? Only you can make that call, but in my book, the shine tends to outlast the shakeouts.
I saw the gold price action this morning. It is a pullback from the parabolic rise. I’m tired of being whipsawed and volatile like the algos. I sold some of my profitable international stocks, and I’ll use it to buy gold as it heads to $3100. Every day is a potential reversal. Thanks for the advice.