Yup, we are certainly getting there with the spot price of gold currently trading at $1,390/oz… The first “real” test? $1,400/oz of course. Now, will gold be able to get there and take it out in one
Gold is getting awfully close to knocking on the door of $1,400/oz. Today, after the Fed FOMC meeting, gold started it’s next leg up breaking through heavy resistance around ~$1,350/oz range… Surprisingly (or not), the yellow metal managed to rise up and above $1,380/oz (briefly), but has since lost some steam and is cooling off a bit…
We’ll see what tomorrow brings, but like I’ve been saying, anytime
Gold and silver have been ranged bound for so long, precious metals have become a rather boring sector to follow in recent years… And even though the gold/silver ratio is skewed like crazy right now, my own personal belief is that
Lately, I’ve been getting a lot of private messages/emails/etc. from folks who are perhaps more keen than ever to tuning into beaten up/hated/discarded sectors. In particular, mining stocks and cryptos are eliciting much interest.
With mining stocks, some of the favorite sectors
The last year and a quarter (or so) have been absolutely horrendous for clean energy enthusiasts who are dabbling in stocks related to the raw materials (metals) needed for constructing lithium-ion batteries.
Even the popular
When it comes to mining stocks, getting involved and dabbling in early stage exploration companies is extremely risky business. Unless you’re a skilled geo, got geo buddies who know their shit and can help you better gauge risk vs. reward (to see if it’s favorable at all), really, as a retail speculator you’re going to not only have to commit a tonne of time/bandwidth/energy towards conducting proper (concentrated) research, but also masterfully time your entry and exit points (good luck, you’ll need lots of it!).
As someone who previously had relatively good success in the past messing around in this
There’s a lot of ways to make money and a million more ways to lose even more of it… If experience has taught me anything (and I believe it has), straight up, investing/speculating becomes infinitely easier when you remember to keep your eyes on the