Classic 'Same Way Down, Same Way Up' Setup
- •Hey everyone, just read this article on Streetwise Reports: "Classic Same Way Down, Same Way Up Setup" .
- •It talks about Renegade Gold (RAGE) and how John Newell thinks it's starting a bigger revaluation cycle, not just a quick rally.
- •I've been keeping an eye on the gold sector.
Hey everyone, just read this article on Streetwise Reports: "Classic Same Way Down, Same Way Up Setup". It talks about Renegade Gold (RAGE) and how John Newell thinks it's starting a bigger revaluation cycle, not just a quick rally. I've been keeping an eye on the gold sector. With inflation still a concern and the Fed's next moves uncertain, having some exposure to gold-backed assets or solid gold miners like this seems like a smart play.
My portfolio is pretty diversified, but I've been looking to increase my metals allocation, especially with my kids getting closer to college. I remember a few years back I got in on a similar "revaluation cycle" in a different sector, and it really paid off for my retirement fund. The 'same way down, same way up' idea really resonates with what I've seen happen in the markets over the past couple of decades. When a good company gets unfairly beaten down, the recovery can be just as swift and strong.
What are your thoughts on Renegade Gold specifically, or on the 'same way down, same way up' principle in the current market environment? Have any of you had success with this kind of play before, or are there any red flags I might be missing with RAGE? Always appreciate hearing different perspectives here!