Loading ...Trend analysis for Gold
Futures got till 18:00 EST to close above 30 week MA… I’ll post COT analysis in a few hours max… could be setting up for a nice bounce from here.
monthly and quarterly… the quarterly doesn’t look good with that long upper wick…
From a cycles perspective, this is looking really ugly. We’ve got weeks (maybe 10 or more weeks) to make lower lows. While gold won’t go down the entire time, it could for most of it.
Silver is basically 100% going to make new multiyear low in the next 8-10 weeks.
Watch the US stock market claw back all of the gains gold made against it over the last 6 months.
Look what they did to the GDX:$spx ratio today. They simply will not let miners or metals win.
There is NO They Nautilus
Miners suck for many reasons…mostly because nobody give a rats ass about them.
There is NO PTB that smacks miners all day every day
This site is all about analysis not conspiracy.
Conspiracy says Gold and Miners will NEVER EVER be “allowed” to go up.
IF YOU BELIEVE THIS 100% WHY ARE YOU KNOCKING YOURSELF OUT PLAYING IN THIS ARENA.
Gold actually closed above 30 week ma.. soo abounc next week is in the cards