Gold Analysis: Could Gold Lose Safe Haven Status?
6 years ago in #haejin by haejin (85)
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Thanks for the post on Gold Haejin.
I have been telling @marketreport and others for years Silver will be papered down along with Gold like it was in 2008/09.
What's your thoughts about SILVER? I see it going down to $5 oz.
Silver is highly correlated with Gold. They both rely on sentiment and are seen as safe havens. However, IF that safe haven status is lost or largely replaced by....Bitcoin.....hmmm.
so you haven't charted silver to see how low it goes?
my guestement is $4 - $6 oz
Yes, I have and had posted a few months back. I'll post the udpated Silver chart tomorrow.
i appreciated that post a few months back was just hoping to see your updated analysis to be similar to mine.
And was it similar to yours?
I have GOLD going down to $300 US range.
That was incredible!! I luv that count and how you allude to those other safe havens...... ' )
All Gold bugs are out calling for Gold $20k or whatever. IF Gold was such same status as in past a safe haven, it should be much higher than it is now.
Ultimate count???
You mean guaranteed? No, there is no such thing. It could be wrong; but this is my most probable count.