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   Gold/Mining/EnergyGold Price Monitor


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To: Horgad who wrote (115205)10/10/2021 9:40:38 PM
From: Rarebird
1 Recommendation   of 115316
 
Manipulation is omnipresent in the financial markets. It is incumbent upon the investor/trader to take note and use manipulation to their advantage. Nothing unusual about what goes in the Gold market, except that most Gold bugs constantly whine and bitch about it.

The Fed is the biggest manipulator. It is amazing what the Fed can do to levitate markets. And don't think I don't know that markets move in both directions. SPX will fall very dramatically in 2-3 years once the Fed takes away the stimulus and starts tightening to much.

We are in a way in a stagflationary environment except for the fact that the unemployment rate is falling and growth is still strong.

Gold is not even an insurance policy. With real rates rising, along with the USD, the shiny yellow metal is doomed.

The Fed manipulated interest rates lower and gold responded and hit new all time highs. Now that manipulation is soon going to be reversed, Gold is now headed lower, much lower.

Actually, I question the sanity of Gold bugs to even think that Gold can represent an insurance policy to begin with.

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To: Rarebird who wrote (115206)10/10/2021 9:54:14 PM
From: Rarebird
2 Recommendations   of 115316
 
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: Rarebird10/13/2021 12:27:42 PM
1 Recommendation   of 115316
 
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 (115208)10/13/2021 12:30:56 PM
From: Rarebird
   of 115316
 
What's interesting about the PPLT chart is that the wave 2 decline extended much further than most thought so very few are on board.

schrts.co

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To: Rarebird who wrote (115209)10/13/2021 12:32:55 PM
From: Rarebird
   of 115316
 
I really like the PPLT chart:

schrts.co

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To: Rarebird who wrote (115210)10/13/2021 12:38:30 PM
From: Rarebird
   of 115316
 
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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To: Rarebird who wrote (115211)10/13/2021 12:43:01 PM
From: Rarebird
2 Recommendations   of 115316
 
In this market environment, I like to go long stocks that have had killer declines and are showing strong signs of a bottom.

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From: Rarebird10/14/2021 3:57:13 PM
   of 115316
 
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 (115213)10/25/2021 1:44:35 PM
From: Rarebird
   of 115316
 
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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From: Rarebird11/11/2021 8:52:07 AM
1 Recommendation   of 115316
 
Seems like Gold has broken out a bit. But I continue to like PPLT over GLD in terms of upside moving forward, much more.

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