While I am buying the physical down here...I do prefer
Silver.
I mean! ...Where else do you put your cash apart from the
commodity sector/? I have some in the FTSE hoping for a bounce from
the 20/MA and the 38%Fib, but the weekly has some heavy
resistance...
Maybe an Inv 'H&S' if it can recover and close above the 50%
of last weeks candle.
Okay guys last post on this precious metals stuff otherwise it
becomes 90% of the blog, it's not doing anything anyway, no buy
signals or reversals, trend is the same, so no reason to dominate
the blog with it until we see a signal
Anyway this video
Money as Debt,explains why simply printing money does not equal
inflation, explains how money works and understanding deflationary
/ inflationary cycles will make more sense. Great educational
video, watch it if you haven't
lastly when trading, throw away the articles and conspiracies,
TRADE THE CHARTS, a lot simpler that way
Don't the Austrians say that inflation & deflation are in
money first and prices on a delay? A strong dollar is by definition
deflationary because it increases purchasing power. But there's
also deflationary slack in labor worldwide; production capacity,
etc. All deflationary.
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here you go Saturn, since
China - To become the Global Banker...
Posted by matt on 22nd of Jul 2015 at 09:55 am
here you go Saturn, since you love gold. Weekly views, one shows possible long term support should this crap continue going lower.
The daily of course is quite extended now from the 9 EMA, maybe some reversion to mean bounce soon though
It is bearish and in some collapse mode
Posted by torvix on 22nd of Jul 2015 at 10:03 am
Thanks Matt...
Posted by saturn6 on 22nd of Jul 2015 at 09:58 am
While I am buying the physical down here...I do prefer Silver.
I mean! ...Where else do you put your cash apart from the commodity sector/? I have some in the FTSE hoping for a bounce from the 20/MA and the 38%Fib, but the weekly has some heavy resistance...
Maybe an Inv 'H&S' if it can recover and close above the 50% of last weeks candle.
Where else to put cash
Posted by a_l_ on 22nd of Jul 2015 at 10:02 am
Where else to put cash in a deflationary environment? Cash!
ha true. Okay guys last
Posted by matt on 22nd of Jul 2015 at 10:07 am
ha true.
Okay guys last post on this precious metals stuff otherwise it becomes 90% of the blog, it's not doing anything anyway, no buy signals or reversals, trend is the same, so no reason to dominate the blog with it until we see a signal
Anyway this video Money as Debt ,explains why simply printing money does not equal inflation, explains how money works and understanding deflationary / inflationary cycles will make more sense. Great educational video, watch it if you haven't
lastly when trading, throw away the articles and conspiracies, TRADE THE CHARTS, a lot simpler that way
Deflation/?....Where?
Posted by saturn6 on 22nd of Jul 2015 at 10:07 am
I know Oil dropped but did we get cheaper fuel?
http://www.shadowstats.com/alternate_data/inflation-charts
Don't the Austrians say that
Posted by a_l_ on 22nd of Jul 2015 at 10:15 am
Don't the Austrians say that inflation & deflation are in money first and prices on a delay? A strong dollar is by definition deflationary because it increases purchasing power. But there's also deflationary slack in labor worldwide; production capacity, etc. All deflationary.