Goldtent TA Paradise

Long thread, many charts

$GOLD $GLD is at very interesting levels here with multiple oversold signals firing.

A target could be the 50 Week MA. Back in march we punched through the 200 DMA only to jump back up.

Seasonality shows that there is an expected bottom soon into Jan/Feb.

Note $TIPS divergence pic.twitter.com/xKOSUoo2HI

— Cameron Osborne (@dailyEdgeGroup) November 30, 2020

Single thread with pictures of registered and eligible stocks on COMEX.

The spreads in eligible vs registered gold stocks are huge. There is sustainable buying pressure in PMs for the foreseeable future as major players have taken unprecedented delivery this year of bullion. https://t.co/rmz0TJk5X8

— Cameron Osborne (@dailyEdgeGroup) December 2, 2020

Silver : Gold ratio

Absolutely massive move in the $SILVER : $GOLD ratio. Bullish for all PMs.

Look at yesterday's hammer. The manipulation of the paper markets Friday and Monday was unprecedented into the first notice/position dates for the December contracts. pic.twitter.com/O3l9zwaZXW

— Cameron Osborne (@dailyEdgeGroup) December 1, 2020

Remember that the strongest seasonality move for PMs during the year begins (on average) around the Q4 FOMC statement near mid December, and lasts until about FEB 25.

Stay classy.