GLD Gold. Short Term Chart. 1 month {hourly} chart. The
potential {C&H} that was setting up triggered long today. Very
encouraging bullish action here. Gold acting like it should after
central banks just printed $10 trillion dollars.
Stop@$147.84
The Fed will do everything in its power to inflate out of this
crisis. We might be at bargain prices right now on
Gold/Silver. I read over the weekend that the physical is up
more than 45% from the paper. Now time for the paper to catch
up.
You are absolutely right about the terrible spread in the
physical silver market. You can buy it from the dealer for $26 but
they then will only buy it back from you at $19?. Why would anyone
do this? In know "silver in your hand" and everything but i would
much rather buy SLV 2022 call options at all strike prices between
$15-$20. You get just so much more leverage for pennys on the
dollar. And the best of all your bank will lend you money for 0%
interest to implement this strategy to profit from one of the
greatest hard money bull markets in history! What a time to be
alive!
GLD Gold. Short Term Chart.
Posted by goldnice on 6th of Apr 2020 at 04:32 pm
GLD Gold. Short Term Chart. 1 month {hourly} chart. The potential {C&H} that was setting up triggered long today. Very encouraging bullish action here. Gold acting like it should after central banks just printed $10 trillion dollars. Stop@$147.84
The Fed will do everything
Posted by ssaffer on 6th of Apr 2020 at 04:54 pm
The Fed will do everything in its power to inflate out of this crisis. We might be at bargain prices right now on Gold/Silver. I read over the weekend that the physical is up more than 45% from the paper. Now time for the paper to catch up.
You are absolutely right about
Posted by goldnice on 6th of Apr 2020 at 05:38 pm
You are absolutely right about the terrible spread in the physical silver market. You can buy it from the dealer for $26 but they then will only buy it back from you at $19?. Why would anyone do this? In know "silver in your hand" and everything but i would much rather buy SLV 2022 call options at all strike prices between $15-$20. You get just so much more leverage for pennys on the dollar. And the best of all your bank will lend you money for 0% interest to implement this strategy to profit from one of the greatest hard money bull markets in history! What a time to be alive!
100% agreed.
Posted by ssaffer on 6th of Apr 2020 at 06:41 pm
100% agreed.