Second day as a PALNET member! GOLD, CRYPTO, SILVER UPDATES

in palnet •  5 years ago  (edited)

Well looks like Risk is on. I was so sure they would smack down to the $1350 USD level; but hey we can't always call the right thing.

Rates were an easy call as the FED has boxed themselves into a corner. Canadain price for gold has done well and should be approaching $1900 CAD soon. Just shows how much CAD has eroded compared to USD. Remember the USD is the cleanest/dirtiest currency in the basket.

Silver is incredibly undervalued; with an incredible ratio of 90:1 Silver:Gold

QE4 looks to be pricing in folks. I wouldn't get too excited other than WWIII spiking prices. That's not a pretty prospect either.

Gold is an enemy of USD FIAT. EXPECT CAPS AND CONTROLS!!!

Now to crypto:

Although Crypto is a relatively new financial "instrument", it's moves are dramatic and there will be some sharks just waiting to catch some profits. Generally we look for 5 waves up and it's approaching soon. Expect a correction and profit taking. If we don't get anymore FED surprised or WWIII I expect a correction VERY SOON. Perhaps it would be a good time to tether.

Well that's my analysis for 2019/06/25. Don't expect much difference tomorrow.

PAL ON ;)

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Enjoy the vote and some free shit!


You have been rewarded with some SHIT! Take a trip to the bathroom to stake and manage your worthless tokens.