We are starting out Monday with Rick Ackerman
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Bird, maybe you are right about downward movement in gold. We are, at least for the day, very cautious with our potential actions in this sector.
Thanks for this link
Thanks Al!
If the 96% bulls in gold is accurate we have seen a top for at least a month or two. I cover the importance of watching the bullish consensus in Chapter 2.
Nobody Knows Anything has gone to #1 in category in a month for a reason. When everyone wants to buy, the next trade will be a sale. When the small specs go all in on long positions, you are at a top. There is no magic to it and anyone can figure out for themselves.
https://www.amazon.com/Nobody-Knows-Anything-Investing-Experts-ebook/dp/B01DS2RP9U
Did not realize that you wrote this book. I did pick up your piece of fiction.
I also did not realize that you wrote The Art of Peace. I will pick it up today. You need to stay in closer touch to keep us informed.
Best to Barb.
pleasure, Bird.
+1
I am happy to see that Jeff and Matthew agree. 🙂
Looks like we struck a daily cycle low at 1262.10.
Possible recovery? Good opportunity for a short swing trade into something quality like First Majestic, off 10%.
My reading as a few minutes ago is for a continuation of this decline.
Doc feels that you are correct. He predicts silver down to as low as $15.50.
Thanks again, Al. This looks like it will be a rough few days for metals for sure.
I’m expecting a drop in the dollar to 89-90 still. This drop in pm’s is a distraction.
Not a happy sign?
I beg to disagree, a complete washout for PMs to me is a very happy thing.
But then I figure after a good washout we get a bull.
But, I could be wrong, I really dont know anything.