Goldtent TA Paradise

History Has Been Made

1. Patrick says:

   March 16, 2020 - 7:48 am at 7:48 am

   I think we approaching max fear… I’m starting to feel it in the air… but still room to go… nasdaq still at nose bleed levels… more pain and liquidity must happen… 2009 highs are my targets across the board for us equities.. and 2008 lows for everything else.

2. cedarwood says:

   March 16, 2020 - 7:48 am at 7:48 am

   Yes. Gold down 71.50.

   If any US person wants to withdraw cash, here’s the law.

   A 1970 anti-money-laundering law known as the Bank Secrecy Act spells out the rules for large cash withdrawals. In general, banks must report any transaction exceeding $10,000 in cash. That includes not only withdrawals but also deposits, currency exchanges (such as swapping dollars for euros or Japanese yen) and the purchase of traveler’s checks. The law also requires banks to check identification on any transaction that would trigger a report. In other words, even if your bank doesn’t usually ask for ID with withdrawals, it must do so for withdrawals over $10,000.
   Aggregate Withdrawals
   Under the law, all transactions carried out at an institution within a single day count as a single transaction, and all branches of a bank count as a single institution. So if you went to your bank in the morning and withdrew $5,000, then went to a different branch in the afternoon and took out another $5,000, the combined transactions would trigger a report to the IRS. In addition, if the bank has reason to believe a series of transactions are related, even if they’re not on the same day, the bank is obligated to file a report. If you come into the bank every day for a week and withdraw $8,000, you could expect the bank to file a report.
   Structured Transactions
   Banks must also report transactions that are less than $10,000 when they believe that the dollar amount of those transactions was specifically chosen to avoid triggering the Bank Secrecy Act. Federal regulations refer to these as “structured” transactions. Withdrawing $9,990 will probably raise a red flag as a potentially structured transaction. In fact, any transaction, regardless of the amount, that the bank deems suspicious can trigger a report.

3. Patrick says:

   March 16, 2020 - 7:53 am at 7:53 am

   Somebody reached out to Henrik the EW guy?… looking like a genius right now…