The Worse the Bear Market, the Better for Gold – The Daily Gold
seems its time for a new thread. war markets are treacherous
Started by
dharma
, Mar 02 2022 10:38 AM
4036 replies to this topic
#1791
gannman
-
- Traders-Talk User
- 6,948 posts
Member
Posted 23 June 2022 - 06:43 AM
feeling mellow with the yellow metal
#1792
linrom1
-
- Traders-Talk User
- 4,002 posts
Member
Posted 23 June 2022 - 09:15 AM
Inflation is not going anywhere. M2 is growing faster than FED's target of 2%.
#1793
K Wave
-
- Traders-Talk User
- 26,761 posts
Member
Posted 23 June 2022 - 09:46 AM
Starting to look like just maybe that was last gasp downside on Gold this AM...
But need GDX to get on board....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#1794
K Wave
-
- Traders-Talk User
- 26,761 posts
Member
Posted 23 June 2022 - 10:29 AM
And yet again no ooomph whatsoever...
15 min throwover could end up looking real ugly here...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#1795
K Wave
-
- Traders-Talk User
- 26,761 posts
Member
Posted 23 June 2022 - 10:32 AM
PL thinkin' real hard about following Dr. Copper over the edge...
Edited by K Wave, 23 June 2022 - 10:35 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#1796
K Wave
-
- Traders-Talk User
- 26,761 posts
Member
Posted 23 June 2022 - 10:36 AM
Gold unable to punch through the 30 min...
If it starts living back below the 200 and it continues to veer away from 900..........
I would be real careful if it does not hold 1830 area today...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#1797
K Wave
-
- Traders-Talk User
- 26,761 posts
Member
Posted 23 June 2022 - 10:41 AM
Until Gold can climb back above that potentially ugly 15 min candle combo, this has the potential to get ugly today.
If we punch out above 1840 again, then perhaps bulls may have finally turned it...
Either way, guessing we are real close now breaking outta da wedgie...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#1798
linrom1
-
- Traders-Talk User
- 4,002 posts
Member
Posted 23 June 2022 - 10:47 AM
They're dumping all commodities now and going on with disinflation/deflation narrative. They're going to be pumping soon before mid-terms.
Edited by linrom1, 23 June 2022 - 10:50 AM.
#1799
K Wave
-
- Traders-Talk User
- 26,761 posts
Member
Posted 23 June 2022 - 10:57 AM
XAU at potentially big spot...
IF bulls can prevent this from turning into a real long red one here, then could certainly be a turning spot.
But starting the down move so close to the 900...IF...it does turn into a long red one that takes out ALL that support...hate to say it, but potential crash wave setup...
And XAU failing to hold the weekly 900...just too many failed setups...until bulls start holding on to their setups, gettin' a bad feelin' about this...
Until GDX takes and holds 30.50, content to have dry powder...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#1800
K Wave
-
- Traders-Talk User
- 26,761 posts
Member
Posted 23 June 2022 - 11:00 AM
GDX unfortunately now starting to look not so hot, after the failure to turn the corner back upside...after MULTIPLE cracks at it...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
