Re: Not a crisis, an epiphany: the FIRE Economy is not coming back
Gold's hard bounce off of the $685 overnight is actually right according to the more optimistic script for a major turn and basis of a stiff snapback rally. The $675-$685 was really the "line in the sand". Now if we see it break out over $730 in the next 3-4 trading days it's done a successful interim bottom and is going to stage a big rally. Find the bet whose premise is false, and then bet against it. King dollar - watch him soar and fly with the eagles.
Gold's hard bounce off of the $685 overnight is actually right according to the more optimistic script for a major turn and basis of a stiff snapback rally. The $675-$685 was really the "line in the sand". Now if we see it break out over $730 in the next 3-4 trading days it's done a successful interim bottom and is going to stage a big rally. Find the bet whose premise is false, and then bet against it. King dollar - watch him soar and fly with the eagles.
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