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Thursday, September 26, 2024
Kids in Quiboloy's sect's care up for relocation
Gold in them hills
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It’s up almost $300/ounce since about August 8th, which is an incredibly fast move higher for a precious metal. (To be fair, as I’m writing this, it’s moving lower this morning — but the growth over the last few weeks has been incredible and a bit of a correction was probably due) Silver is in the same boat, making huge moves since the start of last month: It’s an interesting economic indicator. Typically, we see precious metals go higher as hedges against the dollar and a crashing stock market. In this case, the rate cuts might be a concern for some folks who aren’t as confident in the strength of the dollar as Jerome Powell seems to be. It could also be folks positioning themselves before the election to have a stake in something tangible should things not go the way they hope. I’m sure both Trump and Harris voters can talk themselves into a doomsday “I need to gobble up gold” scenario. We’re seeing gold sold in new ways, too. Costco made headlines by selling huge amounts of the stuff in their stores. They’ve since added silver coins, too. With everything going on in the precious metals market, I thought it was important to highlight something I’ve been thinking about over the past few days. The gold market has changed… The character Ron Swanson in Parks and Recreation once said: “One thing I promised myself, when I buried gold in my backyard, was that I’d never be a hoarder or a miser about it.” And that’s kind of the “old school” attitude about gold. Store it up for a rainy day. Don’t touch it. Don’t look at it. Just horde gold and add to your horde over time as needed. But that’s not the way gold is anymore. Gold is a tradable asset, with short-term, fast-moving opportunities abounding. Our traders have been all over it all year long. Everyone’s heard of Geof Smith’s Perfect Gold Trade by now. Since he kicked that off in March, he’s 9-3 on published trade alerts and has pulled in some winners like 61%, 102%, and even 110% in trades that usually last a few weeks or less. And Nate has been pretty consistent on gold too. Here he is calling a move up to $2,700 a few weeks ago (we didn’t quite hit it, but we got a lot closer than his Pirates did to the playoffs 😬) My point is, if you’re still stuck in a “buy and hold” mindset about Gold, you should change your thinking. There’s a ton of opportunity out there right now, especially if you listen to our experts here at ProsperityPub. To your Prosperity, Stephen Ground P.S.: As a matter of fact, Geof Smith shared an update on his Perfect Gold Trade and how you can join the next one this week! Tap here to hear from the man himself! |
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ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. |
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