Gold and silver are rebounding significantly, how should we respond next?
The previous article mentioned that I placed an order to buy gold at 4680 and another order to buy silver at 80.
I am very optimistic about precious metals and very bearish on Bitcoin.
I have already published a few articles bearish on Bitcoin, and I feel that if I keep publishing, it might offend people, so let's leave it at that for now.
Currently, my overall position has increased the metal allocation to 55%.
I plan to hold on to my precious metal positions until before the US elections.
The next article will mention why I will clear out before the elections.
If anyone followed along with me, my thought is to hold for a longer period.
I won't guess short-term fluctuations for such a great opportunity to pick up chips.
The recent days of market fluctuations are actually necessary tactics by the big players.
If they don't pressure the prices and wash out retail investors,
there might be a risk of 'delivery squeeze' in the future.
With physical gold and silver being so hard to buy,
paper gold and paper silver dominate. If the futures prices align with the physical prices,
then if retail investors squeeze for physical delivery, the exchanges definitely won't be able to fulfill it.
To maintain the paper gold system to keep functioning,
the Chicago Exchange must tearfully harvest from retail investors chasing highs; after removing the leverage, the burden lightens.
After institutions tearfully harvest, the script still needs to continue.
Next, we just need to wait patiently for March,
I personally have high hopes for the next wave of metal bubbles,
it is still far from the level of a big bubble,
the harvesting scam of capitalism still has a few months to go,
let's continue to watch.
$BTC $XAU $XAG