Goldtent TA Paradise

@ Farmer

1. Farmer says:

   November 9, 2020 - 10:37 am at 10:37 am

   Oh dang, I forgot about the rule. Sorry!
   Better do a post about gold. Holy, did it ever get smoked today. But was it predictable. I am going to check it now since I have not been following it lately. Too much election news on my mind to even watch the markets.

   OK all checked. Buy it. I mean gold. Buy it right back up as quick as you can. It looks to me like it is going to rebound violently back in the opposite direction. And go straight back up again. Not sure what thatès about but this bottom can be bought if you are quick.

   • Fullgoldcrown says:

     November 9, 2020 - 11:05 am at 11:05 am

     Thanks Farmer

     • Farmer says:

       November 9, 2020 - 11:39 am at 11:39 am

       It broke lower by a few dollars. Target tightens to about 1847 now. Currently 1852

       • Farmer says:

         November 9, 2020 - 11:59 am at 11:59 am

         The reason I am saying this is because I think this is a head-fake shakeout of precious metals. Did anyone see how many millions of ounces stood for delivery the other day. Like an astounding 5 million plus, plus onces. So why would gold suddenly plummet 100 dollars after a physical Comex drain like that…

         Because this is a shakeout of weak hands thats why. Someone wants gold and they want it really bad. The whole system is quaking from its very roots. Everyone knows the election was a fraud and there is nothing that can be done to change the outcome. That means the monetary system is about to get very jiggy and weird. Just look at the rush of money into shares. Well the inverse of that is that dollars are being dumped. Sell dollars and buy stock in other words because your money can live on in and survive in the equity world even if the currency goes to shit.

         But the number one reason that I know this drop today is a fake-out on gold is because the dollar is in an extremely bearish trend right now even if you cant see it. The US dollar turned down and turned very negative on November 4th. That was decision day for me. The Euro popped at the same time and something big happened.

         Everything just changed. So buy gold. FAST. And take physical delivery or physical shares this time.

         No more speculation because this trend is the real deal.

         • YYZ says:

           November 9, 2020 - 12:18 pm at 12:18 pm

           +1 – second chances don’t come often.

           BTW anyone see what Egy Services is doing today
           SLB 17.28%, BKR 10.47%, HAL 17.27%, NOV 25%, FTI 24%

         • Farmer says:

           November 9, 2020 - 12:36 pm at 12:36 pm

           Right on Brother YYZ. I have rarely ever felt so certain about anything. But this is a situation where I think precious metals can just start running away from us and leaving the doubters in the dust. Notice that gold stopped right on 1847.70 which was the target area. It actually made what I thought was a very a precise landing at that intra-hour low. Then she bounced. It will take awhile longer to see if that bottom will hold. But if it does then I expect metals to just roar right back up to where they began and then keep running higher.