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The unfolding upmove in gold

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#551 Smithy

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Posted 19 September 2020 - 09:43 AM

A bearish close in the HUI on Friday.

 

9-19-20-HUI-bearish.jpg



#552 Smithy

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Posted 30 September 2020 - 08:10 AM

Weds 9/30 - the new In Gold We Trust Incrementum Chartbook

 - free download here

 

https://mcuserconten...e7fd8-270989073



#553 Smithy

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Posted 01 October 2020 - 08:56 AM

Success leads to excess.

 

Excess leads to failure.

 

Failure leads to success.



#554 Smithy

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Posted 04 October 2020 - 10:33 AM

The inverse h&s on the USD chart is gold bearish IF the USD neckline holds.

 

10-4-20-USD.jpg

 

Here the USD is inverted, showing the close correlation.

 

10-4-20-gold-and-USD-inverted.jpg



#555 dougie

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Posted 04 October 2020 - 05:24 PM

down we go into 1700s IMO



#556 dougie

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Posted 05 October 2020 - 10:58 PM

interesting juncture



#557 CHAx

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Posted 06 October 2020 - 07:06 AM

interesting juncture

 

~1892 GC and ~1923 GC are the two pivots determining bull bear line here for the next 48 hours.  Hourly closes above 1923 should not be shorted, and hourly closes below 1892 should not be bought.  Hourly closes on or near pivots should be viewed with skepticism.


Edited by CHAx, 06 October 2020 - 07:07 AM.


#558 Smithy

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Posted 06 October 2020 - 08:56 AM

Good point. Today looks critical to me for gold.



#559 CHAx

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Posted 06 October 2020 - 03:19 PM

 

 

 

~1892 GC and ~1923 GC are the two pivots determining bull bear line here for the next 48 hours.  Hourly closes above 1923 should not be shorted, and hourly closes below 1892 should not be bought.  Hourly closes on or near pivots should be viewed with skepticism.

 

 

Nailed the numbers today, still lost money trading!   Flipped from short to long way too soon.  uff.



#560 Smithy

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Posted 09 October 2020 - 05:21 PM

Alasdair Macleod suggests we might see a short squeeze in Dec gold.

 

https://www.goldmone...n-point-beckons







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