/biz/ - Business & Finance

>>16648047
1490 resistance being tested! We're doing this right now!!

Why? It's a combination of factors.
1. Gold and silver run up during the previous spat of index volatility indicated to me that this is one avenue large financial institutions intend to take as they defend themselves against repeats of said volatility and preparation for possibility of it getting worse.
2. Demand from banks around the world for previous metals did not decline while the market rallied
3. As a consequence of 1 and 2, both gold and silver established strong support prices a bit down from their 2019 highs. This looked like consolidation to me, not distribution. The likely result is STRONG bullish bias for precious metals.

I hope I'm right. If I am, all time highs are possible within a year.

I'm getting the feeling Blackberry might wind up shooting up and becoming my best trade all year. And I will be shouting abuse at it about how it sucks and how it was a speculative smol trade to begin with and I should have been stopped out on it ages ago. ...meanwhile I'm up 9% on it as of today and it hasn't even broken bullish yet.

>>16235925
stupid China