The cup and handle is a fairly reliable trading pattern, especially when we see it continue here on the long term time frames. Gold has been building this position for quite some time.
For those that are huge fans of this stable asset, the massive amount of money printing that can be seen coming from the FED is a shot in the dark for those who like to hold scarce assets. In a world where supply can be stimulated simply through printing, how do we retain some type of reality in the markets. They physical assets here will maintain a value sentiment as dollars are increasingly printed. They will inflate the prices of all the other asset classes, or at least, that is my current conjecture, Keep a close eye on your GLD trades here, or do as I do and ....
ALWAYS KEEP INVESTING!
For those that are huge fans of this stable asset, the massive amount of money printing that can be seen coming from the FED is a shot in the dark for those who like to hold scarce assets. In a world where supply can be stimulated simply through printing, how do we retain some type of reality in the markets. They physical assets here will maintain a value sentiment as dollars are increasingly printed. They will inflate the prices of all the other asset classes, or at least, that is my current conjecture, Keep a close eye on your GLD trades here, or do as I do and ....
ALWAYS KEEP INVESTING!
Arcane Bear Founder- Tijo
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Join our private community of professional traders and investors :==>> www.arcanebear.com/private
www.youtube.com/arcanebear