%% Silver + gold trend sloppy; looks like 2012 maybe not be like the 1970's /LOL. cash copper + silver is doing fine /maybe not as good as earlier years................................... Stocks tend to trend better/pay dividends, much more volume.................................................
If you think that's crazy, silver is cheaper than it was 41 years ago! If you adjust for inflation, it's worth less than a quarter of what it was in 1980. https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart
economist, professional writers ... cannot be traders. traders cannot be economists, professional writers ... trading and reasoning / logical thinking / rationalizing don't mix.
I've learned to expect the unexpected, and that prediction is futile. When interest rates were zirp'd back in 2008, we were told it was a short-term measure. Who'd have thought they'd stay rock bottom for 13 years, with little prospect of them going up for many more years. Throughout most of my lifetime, the normal BoE rate was around 5%. I'm not sure I'll live long enough to ever see that again, but who knows... Here in the UK, covid has caused house prices to skyrocket. I never saw that coming. I thought recession and unemployment would have had the opposite effect. The price of puppies, kittens and horses have gone through the roof too. Bizarre.
That came as a surprise to me. Till the time this situation persists, I will wait until Gold gets back to the position that it was at.
As per my analysis, gold is in a downtrend. This makes me believe that the supply and demand of a fiat currency can vary in accordance with a country and even state. So, you better wait and watch because Gold is not something that will lose value easily.
Maybe it could be a temporary inflation for gold. Need to wait to see how this projects in the forthcoming days.
down it goes massively by 5% when the market opens during the Asian session this week. so most likely there will be no day trading opportunities over the next few hours.