Courtesy of Read the Ticker
The new year of 2020 has gold is poised to break out higher. Why is gold going higher? Maybe the FED's economists can explain …. or not.
Maybe these could be on the list:
– FED repo hundreds of billions a day.
– ECB made up tools to keep the European banks solvent.
– A sugar high stock market with Apple Inc and Microsoft looking like Bitcoin 2017.
– The US bond market is NOT confirming a strong stock market.
– Corporate profits have flat lined for 3 years while stocks soared each year.
– Knowing an US election year needs stimulus, and a lower US dollar is a first choice.
– China deal, will have a currency element to make it easier to do business. Lower US dollar.
Gold Gann Angle
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Gold Channel showing long term trend
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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.
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Investing Quote…
..“It cost me millions to learn that another dangerous enemy to a trader is his susceptibility to the urgings of a magnetic personality when plausibly expressed by a brilliant mind.”…
Jesse Livermore
..“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”..
Bernard Baruch
.."The key to making money in stocks is not to get scared out of them"
Peter Lynch
"Buying stuff people hate, that's the business we are in, right!"…"you may need to have a longer time horizon"…"be patient"..
Mark Yusko
Unless you can watch your stock holding decline by 50 per cent without becoming panic stricken, you should not be in the stock market.
Warren Buffett
