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Thread: Gold is struggling

  1. #1

    Default Gold is struggling

    Struggling to stay above its key moving averages, and it's looking like a big head and shoulders pattern.

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.


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  3. #2

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    Default Re: Gold is struggling

    GLD literally in the same spot as previous post. Where's the inflation hedge?

    Really a technical mess here as the handle / bull flag just keeps going down at that 30% angle just as it did from 2013-2016 before going sideways until 2020.

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  5. #3

    Default Re: Gold is struggling

    Gold is a hedge against inflation? Says who?

    Something is very wrong here.

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

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  7. #4

    Default Re: Gold is struggling

    https://www.kitco.com/news/2022-09-1...sh-charts.html

    The precious metals are being hit by global economic worries that threaten to dent commercial and consumer demand for raw commodities, including the metals.
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798

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  9. #5

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    Default Re: Gold is struggling

    It's called price control, plain and simple. Others call it manipulation. The bankers don't want us using anything but their fiat currency (backed by the power and closed fist of the government). But it goes way beyond PM. Everything is pretty much controlled on some level.

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  11. #6

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    Default Re: Gold is struggling

    Bill Holter is very well known in PM circles.

    https://youtu.be/nbQjX-Fn1Rw

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