Loading ...Alex – I certainly hope that’s the case with junk silver. That’s what we’ve always been told about holding real money. I wonder though what the price of eggs will cost in terms of junk silver at that time? Are we living in a Mad Max period?
R6 – that paragraph you pulled was most notable. Course prior to that he also did say based on his calcs and chart work, after that he was looking for a 50-70% retrace.
“If so, then the next upward spike could peak in the range between $7,000 and $11,000 per ounce.
Investors tend to make rash decisions based on fear and greed. These emotions are typically amplified during times of financial stress. It is during such times that gold solicits fear and greed motivated buyers. During a crisis, fear investors will rotate into gold to hold value, and greed investors see the upward momentum and jump on the train. The upward momentum of the next gold rally might feel like the Bitcoin surge in 2017.”
I guess we (I) should be starting to sell at $7K -$11K looking for something else to invest in. Real estate? Stocks? I don’t know, hard to know what the world will look like at that point. I agree on one thing, and I think you and the Captain might also, this move is going to be fast, and keep a lot of the long term pundits on the sidelines…JMHO
Thanks for responding gents!