Goldtent TA Paradise

This is Important – VERY Important

1. Fullgoldcrown says:

   January 4, 2021 - 3:10 pm at 3:10 pm

   Thanks Boo

   Momentum !!

2. Gold Learner says:

   January 4, 2021 - 3:13 pm at 3:13 pm

   Yes, more than ever, this Friday’s (1/8/21) weekly close will matter a lot to answer this momentum question!

   While we are looking at gold and silver and miners, it is also important to understand if some big player(s) initiating long positions in PMs and miners is the catalyst behind this move.
   Was the stock market top on 12/31/2020 just year end tape painting? Many “analysts” were talking about a “sector rotation” from big-cap tech names into Russell and S&P, but that may or may not be the case.

   Also, I think, once again, the ten-year yield approaching the round figure of 1% caused a lot of concern at the Fed. Don’t know if the broader markets will start turning up after it reaches 0.85%, or even lower.

   This learner hates to admit he’s still somewhat of a gambler too, not paying heed to “don’t try to pick a top to short a market”

   12/15/2020 15:39:47 Bought 0.36X SRTY @ 3.61
   12/09/2020 14:11:26 Bought X SRTY @ 3.985

   Habits die hard …

   GL

3. silverboom says:

   January 4, 2021 - 7:11 pm at 7:11 pm

   yes, without follow-through to new highs, this is another false move.

   Meanwhile, it’s fun while it lasts. More fun if momentum takes hold!