GOLD - SAFE HAVEN -
Added 2024-10-21 11:30:48 +0000 UTCGold has extended for me, it is now at the 2 Fib having overshot the 1.618 Fib for Wave 3
Such is the rate of capital flowing into safe havens, Silver is also up another +1% today, after running +6.5% on Friday, so possibly with the elections coming up, smart money is hedging their bets into more safe havens.
We know the US Market is not cheap now, its valuations are high, people are also starting to believe that the market will only ever go up....this is Wave 5 euphoria creeping in but smart money gets concerned with this and so should we, and we must focus on adding to our safe havens to protect our portfolios.
Silver is one of my best performing assets this year now and I am very happy that the majority of our members have been adding safe havens and getting the reward for being ahead of the masses.
Gold will likely get a pull back after the election, when the markets may get a further pop and this will be a pull back for Wave 4, this also aligns with Silver too.
We can add again here too.
Comments
At which level would you take profits? I am also thinking to take some profits in gold and switching to silver. I am long both.
Karl
2024-10-21 18:10:27 +0000 UTC
