There are many reasons to be bullish on gold in general. But lets focus in on a couple things and try to see why gold looks good over the next couple months. For starters we can see here on the seasonal chart that April up to the 3rd week of May are bullish for gold. (image credit: seasonalcharts.com)
Now have a look at the weekly chart. You can see how we recently broke out from that big triangle/wedge pattern and made a run to previous all time highs. We are now consolidating that move. But look at the pattern on the stochastic indicator. To me this is another clue that momentum will continue to the up side, probably making new all time highs. Sell May and go away, that could play out very well with gold this year. I have been adding to positions on this pullback.
gold image photo credit: Photo by Jingming Pan on Unsplash
-T&T
I feel like gold would lose its value the moment you pay using it @trade-n-travel plus its value is controlled and then they mine it in industrial scale. But still it is a very good investment @trade-n-travel despite some drawbacks, heck I rather had a gold than nothing at all.
Thanks for this representation , i haven't invested in gold so far and i see gold rising and i really wanted to get in gold race but i never knew if the time was right. For blurt the dip might come soon as the final dump will be completed after the last powerdown of whales who are leaving blurt.
You already have a good amount of blurt and I think when blurt goes to the moon you will be really happy.
Hi @kamrankploy! Good to see you revisit my blog. Yes, I've been investing in gold and precious metals for almost thirty years. You will most likely never get rich off it, but you will never go broke either. Timing is tricky, but the way the money printers are overheating around the world these days, I think everyone should own at least some physical gold and Silver. If for no other reason, just as insurance against run-a-way inflation.
Now Blurt is another story. Like other cryptos the early investors/adopters will probably become quite wealthy from it. I'll certainly be looking to buy more if the price drops again like you believe it will. You can see I'm powering down, but that is just to give some blurt to my good friend @world-travel-pro who turned me onto Blurt in the first place.
He certainly is the one to credit for a lot of investment that I am personally aware of lately. He told me others here have been encouraging him to start a witness....I hope he does, he will be a great asset to Blurt; especially since he is fearless when it comes to business and dealing head on with Blurt's top competitors. He also has a ton of great connections and is a very smart and successful business man, surely why we have a lot in common and get along so well.
I know he went through hell watching the "hive cabal" destroy his blog that he worked so hard building up over the past five years; so I hope those here who disapprove of his retaliation and exposure of them are able to look past it. I also know many who agree wholeheartedly with his presentation and have given him huge support since publishing those posts as well. Regardless he told me privately that he is very satisfied with the outcome, and looking forward to focusing on the positive while doing all he can to help grow Blurt.
I just wanted to put in a good word for my friend with you, as I know people have been very divided on his decision on how to deal this group who destroyed his blog and many other's on Hive. Frankly I'd bet it's the same group that hacked blurt upon start up. These are some really bad characters, and they will take advantage of weakness, that is for sure.
Anyway didn't mean to go too much into that, but I just got off the phone with the man himself. Thanks again for stopping by and supporting my blog. Have an excellent day and let me know if I can help you with anything related to a more traditional kind of investing.
Thank you so much for trying to put a good word in for me, sometime it's no so easy to do! haha
You've been a true friend for a long time, and as you know your help with this situation has been greatly appreciated.