/biz/ - Business & Finance

>>22155865
Look at charts and apply some TA and you'll feel comfy. We're in a continuation pennet right now for both gold and silver, silver's seems a bit more bullish.

Although I personally feel as though QE does nothing and the Fed can't really increase inflation since no one wants loans. So truthfully there isn't a good fundamental reason to be invested in rocks beyond speculation. In the 1970's gold went from like 50 to 850 an oz and it's associated with the increasing interest rates at that time. Since we're sitting on 0%, we really only have one direction to go.

I've also heard that bond yields and rock prices are directly correlated but considering bond yields have shit the floor and gold is still high Imma call bs, it's a purely speculative market. Because it's a speculitive market, TA is gonna be your best friend. Make sure you look at daily, 3 day, and weekly charts. Don't bother trying to get a read on 15 minutes charts or any of that nonsense.

>>21127566
I agree, I threw $600 at this p.o.s. Maybe shit sticks maybe it doesn't, but the passionless memes really are cringe as fuck. Honestly though it does seem like a cool concept that they have going. Although I'm sure once it got big, big government would demand access to their data.