Wow I have been constantly looking for the next big thing after the crypto fury. I've found the gold mine. Or should I say Palladium mine? Even through a recession, the demand for palladium would theoretically stay very high. That in combination with the fact that now word of mouth is spreading and news reports are starting to come out. When fomo kicks in this could be a wild ride.
Very oversold on the weekly here, Waiting for a correction in the coming months before more upwards action.
Very oversold on the weekly here, Waiting for a correction in the coming months before more upwards action.
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In caparison, here is the gold bubble from 2000-2012. With this in mind, the black arrow shows where i Believe we are in the cycle.
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Here is what happened to gold after this first parabolic move.
