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Tuesday, April 23, 2024

Gold and Silver Action Review

Courtesy of Read the Ticker.

gold-and-silver-action-reviewWhile the central bankers and leaders talk of more easy money via either lower interest rates or just handing it out by the bucket full [Quantative Easing (QE)], the middle class have no idea they are the muppets at the table. For it is their savings getting debased via money supply expansion, even talk of negative interest rates by US Federal Reserve being stimulative. Yeah that will work, see your $100,000 deposit fall $1000 each year. Is that not theft, Sir! Soon the middle class masses will work out gold an silver will be a good defense against central bank lunacy. 



More from RTT Tv










Silver ETF (SLV) chart in the video.



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slv




Philadelphia Gold and Silver Index chart in the video (!XAU).



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Cycle HUI


When it gets very real, these prices will move! Watching and waiting.








Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.





NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



…“Stocks create their own field of action and power; power to attract and repel,which principle explains why certain stocks at times lead the market and ‘turn dead’ at other times”…



William D Gann





..”To cause high prices, all the Fed will do will be to lower the re discount rate…, producing an expansion of credit and a rising stock market; then when, business men are adjusted to these conditions, it can check, prosperity in mid career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down. This is the most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The are private, conducted for the purpose of obtaining the greatest possible profits from the use of other people’s money. They know in advance when to create panics to their advantage, and when to stop panic.”…



Charles August Lindbergh Snr



..”The stock market is filled with individuals who know the price of everything, but the value of nothing”..



Philip Fisher





..“I buy on the assumption they could close the market the next day and not reopen it for five years” and “Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.”..



Warren Buffet





..”Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic… There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it’s the end of a bull market or the end of a bear market.”…



Paul Tudor Jones







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