Hopium + Sugar Coating = Possible
Does the math work? In what best case scenario can we hope to get gold at 1800? What happens to the rest of the complex? I didn’t have to dig too deep back to find a reason why the next move is possible! Does this place us back to 2010, the run before the blow off top? I wouldn’t go that far in my theories, just that gold, silver and gsr have previously done the required move to bring gold at 1800 in 3 months.
Edit: adding COT for 2010…
And today’s setup…
practically same setup !
Is it plausible that the current bull run is simply a continuation? If I was to do an analog analysis, we’d be starting roughly from the same point in August 2010? What did we have in 2010? Low rates and qe? Isn’t that what the markets are starting to price in? Asset inflation… precious metals inflation?
Great charts Patrick. I used to have the link to those COT timer charts but lost it. Would you mind posting where those charts are from so I could do some work with them? Thanks in advance.
Chris
Hi Banimal, thanks! Those are indicators you can add via the tradingview.com charting platform. They indicator is updated a few hours after the data is made available on CFTC website https://www.cftc.gov/dea/futures/other_lf.htm.