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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 is on the verge of challenging $1,350/oz, I start paying close attention…
gold at $1,320 why u should care? not saying buy buy buy
saying watch watch watch
b/c if $1,400 goes then it’s off to the races.
that’s why.
— FI Fighter (@FI_Fighter) June 3, 2019
Risk vs. reward getting a lot better for gold stocks by the day, it seems… many miners haven’t gotten the memo yet… interesting…
WAF just an example, not a rec by any means. pic.twitter.com/305NWtFlsu
— FI Fighter (@FI_Fighter) June 5, 2019
My strategy to play gold…
If a bull market emerges, I’m all set and ready for BRIM NATION ???
If gold gets crushed (again) for being a dumb barbarous relic (again), I’m all set and ready to buy the depths of despair (again) ???
Game on, either way, either way…
— FI Fighter (@FI_Fighter) June 5, 2019
It’s getting exciting, but yeah yeah yeah, I know… most people aren’t going to give a flying fudge about gold until $1,400/oz can be pierced through with conviction.
In any event, for the most part, I’m liking the risk vs. reward opportunity right now, so I’ve been adding gold mining shares to my portfolio.
Lots to talk about, I’ll try and send a quick update over to subscribers in a bit, with a more comprehensive report over the weekend.
Go gold! And silver too (I guess)…
Happy Hunting!