Looks like the Chinese metal market holiday is ending
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- Thread starter moosensquirrel
- Start date
What am I looking at?
EKG for the price of gold
Never looked at his indices... It appears the bottom fell out and then returned? What am I missing?
It is a live updated chart of the spot price for gold to which almost all Precious metals contracts are based. It is not the whole story. "the trend is your friend"
Is the green line about to do something?
The bottom never falls out of physical gold bullion, it is the purchasing power of the fiat USD that is falling out. Right now, the value of fiat USD can only go to zero, but FedRes has some tricks.....like negative interest rates.
Who knows?
I heard a big money guy on CNBC yesterday saying Bitcoin has replaced gold for an alternate investment.. Could have something to do with the precipitous drop?
Bitcoin has been on fire this last week. Even after China banned transactions and mining. The majority of Bitcoin is mined in China too so that won't help. Go ahead and get the lube ready. The feds just keep on pumping that money printer, everything except gold/silver is going to bottom out soon.
