/biz/ - Business & Finance

Technicals are still very bullish but I really dont want to continue to trade within this sideways range of $21 to $30 for many more months. We need to start picking up momentum again.

NGL lads, this is a very demoralising asset to own. The fundamentals are stronger than everything else - largely because nothing else HAS fundamentals.

In regards to the COMEX breaking and what price action we may see, we have palladium as a reference point. bearing in mind that palladium is purely an industrial metal, whereas precious metals have the almost immeasurably larger demand basis of being stores of value and mediums of exchange. The demand for them will be far greater than any industrial commodity.

The big thing i think we're all underestimating is: the WHOLE world hinges on this. If we're right, and fiat collapses and capital flight goes out of the paper ponzi scheme world and into commodities and precious metals - hundreds of millions of people are going to get wiped out. They're wiped out already - but this will have real life, immediate consequences.

Aside from us, the tiny percentage of people who are self interested and invested in commodities, The entire world does NOT want this to occur, and will do whatever is necessary to prevent it from happening. Their attempts will be futile, but they will be until the bitter end. As investors, we must be prepared to meet that bitter end.