Goldtent TA Paradise

Gold !

1. DaveintheUK says:

   February 25, 2016 - 4:23 am at 4:23 am

   Hi Fully! Nice charts.

   Yes, I think everyone is being whipsawed between extreme bullishness and extreme bearishness by this move. It’s amusing how some of the pundits just got bullish yesterday morning (or maybe a little earlier to be fair) and now they are bearish again by yesterday evening.

   I noted how a UK listed silver major stock was flat to down yesterday morning as the gold market roared. It is difficult sometimes to compare the US stocks performance in a given day with the movement in gold because of the different locations(s) and timing(s) of these markets.

   So gold was roaring in Asia and then in London yesterday and this stocks was flat to down. Then later in the day gold reversed down and gave up almost all its gains since the previous midnight, the general stock market reversed up and my silver stock started to go up and finished the day in London up 1%, again not confirming gold’s move – or silver’s move for that matter.

   It will be interesting to see if gold comes back and tests the old upper pennant line your second chart again. It’s kind of interesting – and confusing, like life really.