Avi is a huge gold bug and he is extremely bullish right now. And he called the top within a very small margin of error in 2011 and advised to sell while everyone else was calling him an idiot and saying to look higher. His downside target before it topped above $1,900 was literally a few dollars from the $1,046 low that actually hit. If you follow him, you've been accumulating for a long time, but especially throughout 2022 and 2023. Even into early this year, he advised clients (and he has 1k money manager subscribers) to not get too bearish metals on any selloffs.TTUArmy said:notex said:
A perspective on gold/silver in a down market some might enjoy:
https://www.elliottwavetrader.net/p/analysis/Gold-Is-So-Misunderstood-202406079113393.html
Always nice to consider a different perspective. I'm positive that most here are smart enough to understand Elliot Wave mechanics. Elliot is fine for TA. And most are aware of the past and present history of gold and silver.
Personally, physical gold and silver purchases are a small allocation of my portfolio. It helps me sleep at night. If I never have to use it, at least I've educated a son and daughter on precious metals. They can hold, sell, or pass it on to grandchildren.
He has written numerous articles on metals over the last decade. You can check his work every step of the way. Whether you believe in Elliott Wave or not, his track record with gold destroys almost every other analyst out there, especially those who try to correlate it with "manipulation", the stock market, or any other false correlation.
Lastly, there is a difference between the small % of your wealth held in physical gold as a hedge and trading metals, whether physical or through a brokerage account. This thread is clearly about the former, and I don't think it matters to any of us what the value of gold does year to year, as we aren't stacking it to profit. We are stacking it protect our wealth long term. So this is the last I will ever bring up EW or prognostications about what the price might do in the future on this thread.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
