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Old 11-24-2020, 03:46 PM   #2341
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Gold has completed its round trip. It broke out from 1800 and is now back there. Speculative money pouring into Bitcoin.
Bitcoin is something I donít understand. Aside from selling it what can you do with it. One Bitcoin is the price of a car. I donít get it.
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Old 11-24-2020, 05:03 PM   #2342
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Gold has completed its round trip. It broke out from 1800 and is now back there. Speculative money pouring into Bitcoin.
Bitcoin is something I donít understand. Aside from selling it what can you do with it. One Bitcoin is the price of a car. I donít get it.
gold is into the June breakout area, the bottom of that is 1769, this was a good slam on gold the past few weeks.

i know less than nothing about bit coin, but i know that blockchain technology is real.
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Old 11-24-2020, 05:49 PM   #2343
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Bitcoin futures up $685 to $19,095 on the CME.
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Old 11-26-2020, 09:38 AM   #2344
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this got to be good for MP

https://crsreports.congress.gov/product/pdf/R/R46618
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Old 11-26-2020, 10:29 AM   #2345
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gold is into the June breakout area, the bottom of that is 1769, this was a good slam on gold the past few weeks.

i know less than nothing about bit coin, but i know that blockchain technology is real.
I'm seeing yet more pain for $GOLD, projecting 1730, possibly down to an even 1700.
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Old 11-26-2020, 10:37 AM   #2346
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I'm seeing yet more pain for $GOLD, projecting 1730, possibly down to an even 1700.
gold always overshoots in either direction.
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Old 11-27-2020, 09:49 AM   #2347
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I'm seeing yet more pain for $GOLD, projecting 1730, possibly down to an even 1700.
gold getting slammed again this morning, now at $1786 for spot gold. the number that i am looking for is 1769, but you could easily be right on an overshoot down. once it gets to that number i am going to buy GDXJ (junior miners ETF).
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Old 11-29-2020, 11:08 AM   #2348
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i just saw there are 159 million outstanding shares which will put the market cap at over $3billion for openers.
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Old 11-30-2020, 07:51 AM   #2349
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i didn't realize it, but the last original member of the Dow 30 EXXON was replaced in August by Salesforce.. prior to that original was GE in 2018. Exxon lasted almost 100 years.
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Old 11-30-2020, 07:53 AM   #2350
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gold getting slammed again this morning, now at $1786 for spot gold. the number that i am looking for is 1769, but you could easily be right on an overshoot down. once it gets to that number i am going to buy GDXJ (junior miners ETF).
1769 was just rejected for the time being, lets see if that number holds now.
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Old 11-30-2020, 11:56 AM   #2351
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1769 was just rejected for the time being, lets see if that number holds now.
I'm actually lowering my original estimate to 1670, it that gets breached all the way to 1610 range.
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Old 11-30-2020, 12:01 PM   #2352
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I'm actually lowering my original estimate to 1670, it that gets breached all the way to 1610 range.
lots of divergence today.. gold down again and the dollar down with it.... i watch the Yen, gold loves a stronger Yen.
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Old 12-01-2020, 08:12 AM   #2353
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strong November for S+P

this was quite a show after the election and the corona vaccine. when you think about it, company's going forward are going to have less expenses like office space, travel and conventions, and welling their products directly to the user instead of going through a middle man..

at some point though, the market is going to need a breather, and it will need to take a long breath for much more than a week. i don't really have the numbers below to look for yet, but i will try to find them soon..

it looks to me that inflation is going to be on its way... its probably a real good time to insure yourself with gold now. it tested key numbers yesterday and rejected them...
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Old 12-01-2020, 09:24 AM   #2354
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i am going to guess ahead of time, that the time to step in and short the S+P will be the day they pass the relief bill.
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Old 12-01-2020, 09:40 AM   #2355
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TESLA is being added to the S+P. the stock price has no relationship at all now to their earnings and is very elevated.. December 21, 2020 is the date they enter. the stock is now at $600, it might go to $1000 a share by December 21.. if it does, i am going to look for at least a 15% haircut at that time.
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