A STATMAN look at GOLD. Has it reached the "GET ME OUT AT ANY COST" ? AND BITCOIN!! Where is the next big move....and when?

Good morning this Tuesday my Steemian friends.

Let's get right to gold first and mention another fine professional market analyst I follow who brings a lot of important info to the table. That would be Jason Goepfert, the Sentiment Trader. You can find his reports on KWN.com. I have followed and respected his work for about the last five years. And my friends, for about 37 years I have made market SENTIMENT a serious study.

Goepfert says gold is a low risk purchase here. Well I have said in my opinion it is a great buy here, not only price, but time. I have elaborated maybe too many times in recent reports the myriad of reason why and believe the time is quickly approaching. It will relate to a dollar in decline (soon). The Chinese will show those who do not believe we are in a trade war, "whose boss". Lastly, watch what is going on in Italy and its looming financial/banking crisis destined to spread through the region and affect us! There will be a flight to safety.

SENTIMENT is improving in the metals. However it is not yet real bullish. A little more patience and accumulate (especially silver!)

BITCOIN: Am I redundant. How have I called each significant turn JUST BEFORE they ocurred (since early January) on this blog? SENTIMENT, SENTIMENT, SENTIMENT. (And understand serious support and resistance levels). that is how you stay ahead, make money and not be a trend follower (as the vast majority are.)

So BTC hit 7700 as I called resistance (sell) and you bought at 7150...FOR TRADERS ONLY. I look long term 'personally'. But if I see a good trade with great probability of making a buck, I'll put it out for you.

What hence is the long term? Much higher prices lie well ahead. It is the short and intermediate term that are the issue.

The issue is not so much the chart! Heavens, you'll find a myriad of charts on the Steemit Boards with complicated looking angles and WAVE COUNTS! How are they working for you friends?

The issue is 78% of traders a LONG..(bullish) you are not going far until this changes. So my question to you? What does it take to put some fear in this market? A "throw in the towel" attitude. Must we have another nasty decline? A real shocker? Or, (and likely) more sideways consolidation, as I'm hoping. You can hold here, not sell.

Thanks for visiting and I welcome your comments. UPVOTE, FOLLOW, RESTEEM.