RE: Gold, Silver, GDX chart review, May 21st 19:30pst
Great post @glennolua! It's interesting how gold and silver continues to be under pressure despite of various attempts to move higher. The stock market would come under pressure and then would go back up, sending the precious metals down again. Bitcoin may be in a correlated pattern with the stock market move? Been hearing lots of mixed messages with some who believes Bitcoin is the answer to invest as it will likely become the new era of digital monetary system, whereas others feel Precious Metals is the long-standing winner with its thousands of history as safety net against multiple failing financial systems. Personally I don't really understand much about Bitcoin although I had tried to understand it...what's your take on it? Upvoted you to support!
Hey kat, I missed your post... Anyway you should look into the basics of Bitcoin as it is the pioneer cryptocurrency which others are typically based upon. I think there is too much big banker influence on the precious metals market, they tend to move the price in the direction they choose. We will see...
@glennolua I do agree about big banker and central bank influences...not sure when that day comes that IMF will need to step in to intervene...but it may be a while until then. I guess my worry is how crypto is already somewhat manipulated in smaller degree at this time? GTBC stock at least lol. What I will say is that it will be great if there's a site with simple explanation of what crypto is and how it works...i attempted to learn but it was still a bit difficult for me to understand :P
You can go to youtube and look up a person named Amanda B Johnson. She was a journalist covering crypto a few years ago, then went on to work for the crypto Dash. There are quite a few videos that teach you blockchain 101 / explained / beginners.
@glennolua, thanks for your youtube suggestion! I'll check it out for sure! Always interested in learning about the financial/economical/crypto, it's great to be able to learn from both you and Amanda at this time. Keep it up! Looking forward to your other posts!
You can start here with Amanda's crypto/blockchain school lesson #1 and continue on with the series when you have the time.
Lots to learn!
Thanks @glennolua! I am watching it now, determined to get to learn more about it! Are you a crypto user yourself?
I started following the crypto market last year in June/July. I have a few of them and plan to hold them for a few years. I think it is definitely the future for accounting for all kinds of documents as well as a monetary system.
@glennolua, great stuff! There is a potential with the crypto world, and it seems like it's here to stay lol