4036 replies to this topic

[senorBS]

I added modestly into this morning's decline, now about 30% long, as always DYODD

 

Senor

[Smithy]

Stopping inflation is easy...

 

Belarus President Lukashenko yesterday:  "From October 6, all price increases are forbidden."

[Smithy]

In reducing OPEC production the Saudis are giving Biden the middle finger, just before the midterms.

The Saudis are taking the US closer to the brink.

 

"Support the dollar with oil and the currency system works. Fail to do so and the dollar will come off the oil standard and the BIS will reset gold to $10,000+ with many conditions."
-Anonymous monetary blogger “ANOTHER”, November 1997

[senorBS]

At 4981 right now, Aussie XGD is 18% up from its lows  9 TD ago.

yep and basis hourly charts it looks like 5 up from the low, wave 5 may have more to go, but 5 up minimum IMO

 

Senor

[dharma]

a reminder the full moon is the 9th , in vedic astrology it comes in pisces in the star (nakshastra) of revati. the star of endings so i look for this down move , wave4 in gold to end.

dharma

[dougie]

bullish looking hourlys here imo

[CHAx]

If Gov and Corp bonds/MBS/equities keep crashing into next week, I predict YCC before year end.  

 

We are closing in on the monetization end game IMHO.

 

Higher rates are having no impact on energy prices so the inflation is unstoppable, all the Fed is succeeding at doing is sending us into a financial crisis.

Edited by CHAx, 07 October 2022 - 03:10 PM.

[dougie]

If Gov and Corp bonds/MBS/equities keep crashing into next week, I predict YCC before year end.  

 

We are closing in on the monetization end game IMHO.

 

Higher rates are having no impact on energy prices so the inflation is unstoppable, all the Fed is succeeding at doing is sending us into a financial crisis.

and who is to say that that is not the plan?

[linrom1]

Hanke-Cofnas Gold Sentiment Index is at -9 for the second consecutive day. The scale range is +15__-15. Gold is due for a rebound.

[K Wave]

Reasonable chance we test 1680 on Gold next week, and then whatever happens after that could be HUGE...

 

This chart battle is likely to resolve sometime over the coming days, and whichever side flinches, loses what is likely the biggest battle in a long time

 

Bulls have managed to break 4 hour G/S, and a breach of that 82 secondary low would put odds highly in their favor of reclaiming the all important daily 900.

 

BUT..should Gold and Silver fail to hold their back test zones around 20ish on Silver and 1680ish on Gold, and Bears reclaim the 4 hour line as the Daily ends up holding, bulls could be in A LOT of trouble.

 

Looking forward to see who wins out at this EPIC pivot zone....should be a pile of dough to be made once decision is made by following along with the winner...whoever that may be...

 

If Bulls DO win...Silver is where I would put my cash to work, as it should outperform Gold for a long time to come after such a victory.

 

G/S 4 Hour

 

 

G/S daily

 

Edited by K Wave, 08 October 2022 - 08:51 AM.