https://www.msn.com/en-us/money/etfdetails/fi-ayfepr?duration=Max
Over the last 20 years...CEF is going into a long term wedge. If it gets down around 15 then you should back up the truck, pawn the first born kid, and load up as much as you can.
this is not a short term trade. it may take a couple years for the wedge to complete. or it might break out sooner.
i think a breakout will happen when the fed changes from raising interest rates, to lowering them.
some pm shares have had a year + long downtrend. i would expect a good bounce soon. this may not be a beginning of a huge bull market, but we should get a good bounce.
I think it was you that nailed it. PM goes down in April/May/June and UP in August/Sept/Oct/Nov/Dec
This year should be the same and once June is done we should see the rally form that you are thinking. Expecting to see Gold Above $2,500 and I would easily put money on that.
https://www.kitco.com/charts/popup/au0365nyb.html
over the last 11 months or so... gold has a weird H&S maybe. a triple shoulder , then a double head, now working on the right shoulder.
will it break up or break down???
this might mean No huge up move or down move over the next 4 or 5 months. we might get up to 1900, or back down to 1800.
lows have gradually gone up. maybe that is the most important thing if you are a bull.
Great chart bear!
https://www.kitco.com/charts/popup/au0365nyb.html
Seem's like the world is operating with different rules compared to the past. Just an example is the war on fossil fuels and it's massive affect which will be amplifying that goes well beyond the energies(grains from fertilizer shortages), transportation costs, inflation and so on.
Is the Fed tightening causing the gold to drop from less inflation risks, do you think?