From: The Barracuda™ | 9/10/2021 11:23:37 PM | | | | Biden's recent executive order regarding vaccines is, IMO, a reason why the TX gold depository is where one should store their gold/silver/other PM.
Why?
Because, if in the future, another govt bureaucrat decides that your gold is not really your gold, the private vaults will say "yes sir". However, a state government vault, holding your property, will have the protection of being a sovereign states facility .
That means that the states police power and its access to the federal courts will most likely be defending your property from theft by the bureaucrat. |
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To: Julius Wong who wrote (115195) | 10/5/2021 10:18:22 AM | From: Sun Tzu | | | Same difference. Whether you trade it or not, the information contained in a long term leveraged fund chart is unreliable. GDX is what moves. NUGT and DUST are its shadows and are distorted.
Here are two charts to illustrate the point. The first is a 7 week chart and you can sort of do technical analysis on the leveraged fund NUGT, but even so, it is still much better to do it on GDX.
The 2nd is a 5 year chart and you can clearly see that while the two are correlated, the TA relationship completely breaks down when you look at NUGT vs GDX.
7 Weeks

5 Years
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To: rdkflorida2 who wrote (115192) | 10/8/2021 7:24:34 AM | From: Rarebird | | | GDX and GDXJ are successful short sales 75% of the time. The Miners are poor hedges, in a down market. As a currency, Bitcoin has supplanted Gold.
One can analyze it or over-analyze it any way you like, in terms of interest rates, USD, etc.
I am just stating the facts.
One can make huge $$$ in the Miners every 4 years or so for about 6 months. Then get out and short the Miners. |
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