Tuesday, September 29, 2020

 Gold and Silver prices 2020.


A while back I made a post about the metals being at a resistance point, and how all the talking heads were getting real jumpy about the metals going to the moon. 

I also clearly showed you by analyzing the charts of various commodities, that right about when all the talking heads start getting real jumpy and saying prices are going to the moon, in the past it has always been a top.

Is this a top? Well the steam has come out of the metals at this point, which is major resistance, plz. *see chart. 

 However they can still make new highs. My sense is that it will depend on what will happen at the election.

The white lines are the macro trend, and the yellow line is major resistance.  

I'm an analyst. I look at the price and see what it tells me. 

 Please don't ask me to predict the future, its not about having a crystal ball. 

Anything can happen, its all about what is more likely to happen. 

The talking heads play crystal ball, and they seem to be wrong most of the time.


Monday, May 18, 2020

The holy grail of F.IR.E (financial independence retire early)


FI. Financial Independence, and RE retiring early FIRE, we've all heard of it. It's why we're all here. How to do it, how to enjoy it.

It is my belief and opinion that being financially independent can and does potentially put us in a strong
position so as to be able to weather any concocted storm that is thrown our way.

We are fortunate and blessed. I shudder to think if I was still dependent on some local economy at this moment.
We must be prepared and strong at all times, regardless of where we are on our journey to financial independence.

And that brings me to this thought.

FIRE movement as it is presently understood is an internet phenomenon.

I have seen it called "the internet FIRE movement".

There is some truth to that.

However Financial Independence is as old as the hills. It is not new. Benjamin Franklin practiced it at the formation of the north America.

And it goes all the way back to Abraham in the bible around 5000 years ago.

So what is the deal with "internet FIRE movement"?

I believe that the internet is a blessing because we can gather together and share what is working and what is not working.

In that respect it is important to realize that no one guru has the holy grail to FIRE.

There are many and varied risks to any of the options out there.

The effects of the current manufactured crisis is just as real as if it was not manufactured.

Let's all join together and help one another understand. Without judgement, without condemnation.

This is a safe place to gather, discuss, debate,with acceptance and good will.