Who is surprised that the inflation bugs are selling gold stocks?
Now a favored plan may be kicking into gear. That plan would see future buying from the miserable hands of those that listened to the loudest, most greed inspiring gold/inflation bugs at the gold websites, Twitter, Reddit forums and various other pump stations.
If you bought gold stocks because… INFLATION! You bought wrong. It remains to be seen whether HUI in the lower panel is going to lose the September low, but that’s the only thing standing in the way of disaster (or glory, depending on your perspective).
When I discussed this topic with Jordan I was tempered so as not to create negative hype. But I felt I had to express the potential crash scenario, which could manifest from the traditional running of the (inflation) bugs. So far, it’s still in play. Not hyping, just chronicling the situation which we (NFTRH, this website, you if you agreed), and not 90+% of the gold bug
cult community herd accounted for ahead of time.
There’s still time for a reversal but I don’t like this second slip below 235.
For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by Credit Card or PayPal using a link on the right sidebar (if using a mobile device you may need to scroll down) or see all options and more info. Keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter@NFTRHgt.