Daily GLD...bulls need to Hold and Go here.
Back below the 900 again could turn into something No Bueno
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
#3851
K Wave
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Posted 06 December 2022 - 08:59 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
#3852
K Wave
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Posted 06 December 2022 - 09:02 AM
In today's news... USDX seasonal plunge starts now
well 2 charts https://seasonalcharts.com/classic_usdindex.html and the mid terms chart https://seasonalcharts.com/zyklen_wahl_usdx_midterm.html so it might be a strong start for the year for the dollar
dharma
one more thought https://twitter.com/...742776630857728
with today's action I still favor 5 up ended in gold/silver/miners and 5 down dollar and now we correct for a couple weeks or so, we see
Senor
how about gold being in a nending diagonal off 2020
Problem is Dollar index "should" have a ton of support now at 103-104 area on a pullback.
Interesting area here for sure...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#3853
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Posted 06 December 2022 - 09:06 AM
Watching Swiss for some clues here...was not able to breakout above 102 and get on longer term bull footing.
So if it fails to hold around 900 day on this test back down, could be early sign Uncle Buck might have some trouble ahead.
A close under 92 could be first sign of real trouble...
Back above 97 would likely mean a hold...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#3854
linrom1
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Posted 06 December 2022 - 10:16 AM
DXY just turned green, but it needs to do a lot more if it's to resume rally to 120.
#3855
dharma
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Posted 06 December 2022 - 12:23 PM
we are in a correction here in the pms. i am thinking its wave 2 which is usually deep
thompsons silver chart https://galacticupda...2022dec6si1.png
i am thinking the stock market is about to take a nose dive , a larger dive into march 2023
economy in big trouble. l
lets see how long and how deep this correction in the pms goes
dharma
#3857
dougie
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Posted 06 December 2022 - 12:25 PM
Daily GLD...bulls need to Hold and Go here.
Back below the 900 again could turn into something No Bueno
agrred: like new lows. I could see 1500s in gold
#3858
K Wave
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Posted 07 December 2022 - 08:04 AM
Huge wedgie on Gold here...bulls do not wan to lose this battle...or the door of failure will open...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#3859
tradesurfer
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Posted 07 December 2022 - 01:08 PM
The way gold is trading, it looking like putin is going to drop a tactical nuke soon. And that would literally send us back up to the 2000 price point in a day.
#3860
dougie
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Posted 07 December 2022 - 01:56 PM
very mixed signals here. Nothing clear imo
