Loading ...Lost a bunch on GPL too but dumped it because I couldn’t stand to look at it anymore.
Today is a perfect example of what is wrong with pm’s. The fraud is right up in your face. Powell speaks, pm’s get slammed, it’s so predictable yet I never take advantage of it. Almost like you need a long/short portfolio to survive all the bullshit beatdowns that never stop coming.
This is particularly tough to swallow as from a technical perspective we were in the early stages of a breakout. At least that’s what I was seeing – I think samb was probably seeing the same.
Silver has an RSI now of 28 and has erased all the gains going back to November. Gold looks better but back to December prices. The HUI has also given up pretty much all gains from the recent rally.
With all the things going on, I have no idea why gold rallies anytime soon.