I find in life that its a win/win if you do exactly the opposite of what the Laim Stream Media tells the Sheep to do. Why do you think the media is proposing Gold is about to take a hit and go down? Because they are told what to say by the conglomerates (Banks, Governments, Comex, etc.). This tells me one thing. Gold is about to go higher. Gold over the last 15 years in particular has been smashed, hashed, and bashed with one agenda in mind. Lower gold means the perception of a strong U.S. Dollar. Times almost up Bankers. We all see the signs that the dollar is in Big trouble. The dollar around the World keeps dropping against other currencies, and the debt of the U.S. has gone ballistic. Its all an act.
Here is a quote from
Allen Sykora with Kitco News
"“The primary culprit is the prospect that four of the world's five largest central banks [are] moving to tighten monetary policy,” said Richard Baker, editor of the Eureka Miner Report. He later added: “Tighter policy [and] higher bond yields with only tame inflation is kryptonite for our lustrous hero.”
Main Street investors historically have tended to be bullish, but this time the bears outnumbered the bulls by more than a two-to-one margin. Further, the 2,666 total votes cast in the online poll was the largest number since October 2016.
A total of 1,816 voters, or 68%, of online Main Street voters called for gold to fall some more over the next week. This was the most bearish that Main Street has been since July 2015, when 75% of respondents were bearish. Another 680 online voters, or 26%, say that gold will rise, while 170, or 6%, are neutral.
"Gold broke the triangle formation on the downside,” said one reader in an e-mail to Kitco News. “Therefore, I’m predicting that gold and silver will be going down for the next couple of weeks."
Meanwhile, 18 traders and analysts took part in a Kitco News Wall Street survey. Eleven voters, or 61%, see gold prices falling by the end of next week. Four voters, or 22%, were bullish, while the remaining three voters, or 17%, looked for prices to be sideways.
In last Friday's survey for the current week, 53% of Wall Street voters and 50% of Main Street expected gold to rally this week. As of 11:02 a.m. EDT, Comex August gold was down 1.1% the week to $1,242.50 an ounce.
So far in 2017 but not counting the current week, Wall Street forecasters collectively were right 16 of 24 times for a winning percentage of 67%. Main Street was right 14 of 23 times for 61%.
Sean Lusk, director of commercial hedging with Walsh Trading, is among those who look for further downside momentum.
“The path of least resistance looks lower,” Lusk said. “The dollar really took off to the downside this week. If we can’t rally off of that, it seems to me there is some continued liquidation in a market searching for the bottom.”
So, do what you want. I myself continue to purchase Silver myself. There is a bright future in Silver and Gold. Good Luck in your decision making. Just remember, Silver and Gold is REAL money. Banks can manipulate price through paper selling, but CANNOT manipulate paper into actual physical metal. Hence the Word "PRECIOUS". Cheers
The entire article is at this link from the quote above is here. http://www.kitco.com/news/2017-06-30/Gold-Losing-Its-Luster-Main-Street-Not-This-Bearish-In-Nearly-Two-Years.html
(The image above is off of google imaging). I added the Words.