To: Rarebird who wrote (115205) | 10/10/2021 9:54:14 PM | From: Rarebird | | | Sorry Gold Bugs, but Gold will not save you when the shit hits the fan in the stock market.
Gold will go down for the count with Stocks when the time comes. |
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From: Rarebird | 10/13/2021 12:27:42 PM | | | | Long PPLT: I may end up regretting this, but I don't think so. PPLT looks to have bottomed out in Wave 2 and appears to be heading up to at least $138-$140 as wave A target. If it is a wave 3 of C, I am looking at $200+. |
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To: Rarebird who wrote (115209) | 10/13/2021 12:38:30 PM | From: Rarebird | | | Although I do some painstaking research, ultimately, I am an intuitive trader who eyeballs charts and sees the waves and patterns instantly.
PPLT also fits my vision of a strong economy heading into 2022. |
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From: Rarebird | 10/14/2021 3:57:13 PM | | | | Platinum up over 4% today. What is impressive is that it rallied through the $1050 resistance area without any hesitation. That's impulsive.
Platinum is an easy $139-140 first target. |
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To: Rarebird who wrote (115212) | 10/25/2021 1:44:35 PM | From: Rarebird | | | I continue to like the PPLT chart very much. The only thing that is standing in the way of PPLT from surging to $140 is the chip shortage since Platinum is used by the Auto makers and the more cars that are produced, the more Platinum will be used. |
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To: Rarebird who wrote (115214) | 11/11/2021 1:56:28 PM | From: Sun Tzu | | | I bought some 2x gold for my longer term portfolio this morning. I also looked at PALL and PPLT. The fact that so much of their fortune is tied to ICE engines makes me hesitant to favor them over gold. IMO they are more of industrial auto metals than precious metals. |
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