Gold is breaking up since the USD appears to be starting a weakening phase for a few months or longer. Also the world needs a 15 trillion and plus asset in the world to invest in to. I think that is a draw to Bitcoin, simple diversity away from just stocks and bonds and commodities. If Gold gets above $2,100 USD and stays there for weeks or longer, the whole Gold Mining sector will jump 20% or more. Still a great time to buy large cap gold miners imo.
Gold just now broke below $2,000USD and in it's longer term uptrend, it can fall down to $1,940 area and still be in it's uptrend. That drop is already mainly priced in to Gold Miners actually and so if it happens the Miners are already down. This current weakness that might last for a month if Gold goes down to $1950 area is a long term buying opportunity for years. Not Call Options, but rather the stock itself and just hold for years and collect the dividend.
Pivotal time so updates. Gold broke down through that 3 day uptrend after breaking upwards through the 1 month downtrend and went down to the bottom of the long term uptrend coincidentally. Everything very solid here still. 2 weeks ago was early but now Gold is still holding uptrend and USD peaked and hit and is maybe turning down meaningfully. Another few weeks for verification maybe. This is a solid investment plan using Call Options and so not putting a lot of capital at risk, it's either right or wrong and soon. If you buy the April or May Call Options you can even be wrong and then right in 6 weeks. Either way AEM is very cheap and it's a great healthy company and the 4th largest Gold Miner in the world.
So Gold is at the bottom of an up channel and the USD is at the top of a downtrend channel, a great set up for the USD to turn down and so Gold turns up! Multi-month momentum's change all the time though so nothing is 100%. With Mega-caps revenue's coming in okay and good, seems like the bullish market continues to me and so USD will turn down and Gold up.
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