Goldtent TA Paradise

What are these charts are suggesting? You decide.

GDXJ Weekly – accumulation/distribution pattern.

GDX Weekly – accumulation/distribution pattern.

Using UUP as a proxy for $USD. For those who were wondering which trend line would be the first to break – the upper T line of blue channel (ST bullish?) or the lower T line of the black channel (bearish) – it looks like we may have our answer. Because its only one day so far, the break out is not confirmed.

Appears time for DRIP: 5 minute XOP went BEAR Friday…

Enjoy!

BitCoin (GBTC) update

http://www.kitco.com/commentaries/2018-04-20/Silver-Short-Squeeze-Unable-to-Ignite-the-Gold-Sector-Yet.html

IMO Gold is money end of story. Debate later if need be lol.

My question to the tent is/or has has Copper replaced Silver as the second most useful metal?

Peasants are unloading physical $Silver am I right (Old dudes subsidizing there retirement cheques)? Cheap Investors maybe buying as a proxy for $Gold but not out pacing the sellers of physical $Silver?

IMO $Silver & $Copper are just industrial metals and $Copper far out weighs the usefulness of $Silver maybe?

Any opinions Gold Tenters?

I tested this theory dumped my Silver miners and rolled into Copper miners – the jury is still out IMO but I think the Silver miners just barley outpaced the Copper miners? I know stacking Copper is not relevant I’m talking Copper miners here.

Appreciate all thoughts Good Bad or Indifferent……

Another Market Myth Challenged by Rambus

https://rambus1.com/2018/04/18/wednesday-report-spx-and-gold-combo-chart/

Just the combo chart for 30yr,10,5, 2 and 3 month Tbills.

The daily diamond is still in play so far. A close above the upper line will confirm. With the weekly RSI positive divergence and 3 month Libor-OIS, it looks like we’ll get a breakout next week.

Diamond in the $USD rough