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Dollar Bugs started shorting gold after March 26th when the Petro Yuan was launched. The YUAN can be exchanged for gold. Dollar Bugs shorted gold huge in August and bought options for $1170 that expire next Friday. They’ve been trying to push up oil and drive down Gold to destroy the Petro Yuan as soon as they start settling in September to keep the Dollar the world reserve currency.
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Where does this information come from ?
a comment on a u-tube i was watching.got my attention
Conspiracy theorists …..ignore
we humans need explanations,charts can tell and follow the trend,and sometimes “predict”
whats next,but some people need the why??
this is where fundamentals come in.trouble -no one knows them.
so one way or another every one is a speculator, in the great guessing game.
This can help maybe:
http://www.myrmikan.com/pub/Myrmikan_Research_2018_08_16.pdf
Alex thank you for posting this, when you see a cockroach in the kitchen one only wonders how many more are hiding in the cabinets?
Probably, the Occam’s razor principle often apples as some people like to say. Why they don’t just say the simple explanation is the best is a mystery to me. I just read Wikipedia to find out why this Occam guy kept going on about his razor when he probably had a bear anyway and I still don’t know but St Thomas Aquinas’ take on it is interesting:
https://en.wikipedia.org/wiki/Occam%27s_razor#Testing_the_razor
“Aquinas acknowledges the principle that today is known as Occam’s razor, but prefers causal explanations to other simple explanations (cf. also Correlation does not imply causation).”
Anyway, the simple explanation would be that gold is in a bear market. Period.
Your YouTube link was interesting:
Forget the comment you saw. I’m glad that the actual YouTube video was of a sensible Elliott Wave type guy and not some conspiracy nut because I am through with those people. This guy is just looking at the price action and suggesting to us that $1130 is a good target and pushing his product just a bit.
https://www.youtube.com/watch?v=n1njx3_DEts
Crash in Gold… What Happens Now?
Alessio Rastani
It’s the same video that MysteryGal posted a little while ago as being interesting … and it was.
Seems as if mysterygal is at the heart of this mystery. She suddenly appears near the same time that the video is posted and she herself posts it. This is getting weird.
After watching all those TV shows back in the late 50’s and early 60′ I’m convinced I’m living in “The Twilight Zone”
gold is in a bear market …
it is an observation of a fact,rather then an analysis.
i gave up on fundamentals long ago,because every analysis is biased,or just based
on very limited and mostly incorrect views and information.
the idea that in the charts “all the factors at play are baked into the chart”
is very true.and most of these factors are unknown to us…
ABSOLUTELY AGREE ELECTRUM…thanks for articulating this…ALL “Fundamentals” are unknown and purely speculative.
The some total of all the players in the market …wheter they be ” commercials” “professionals” Speculators” “Amatures” ” manipulators”
the sum total takes in account All the “fundamentals” and produces repeatable chart patterns which can give one and edge if properly interpreted.