Goldtent TA Paradise

Gold is in a monthly triangle consolidation

1. pedro_deleon says:

   December 14, 2021 - 9:02 am at 9:02 am

   There are several ways to interpret this.
   I will just point out that this chart looks quite similar to China shares. (eg, see CHAU)
   Except that gold topped a few months earlier.
   For the record, I have China shares in a crash watch, off very specific technical readings.
   Will the similarities end there?

   • PK says:

     December 14, 2021 - 9:15 am at 9:15 am

     Oh..oh! Thanks Pedro.

2. Mike P. says:

   December 14, 2021 - 12:11 pm at 12:11 pm

   The Fed is tightening, I expect lower asset prices, including lower gold prices. I’m interested in how the new comex rules on Jan 1st will impact the PM markets.

   January 1, 2022 in connection with
   the Federal speculative position limits
   for the 16 non-legacy core referenced
   futures contracts subject to Federal
   position limits for the first time under
   this Final Rule. This compliance date
   also applies to any associated referenced
   contracts other than economically
   equivalent swaps. Such swaps are
   subject to a separate compliance date
   noted below.
   • January 1, 2022 in connection with
   an exchange’s requirements under
   § 150.5, as adopted in this Final Rule.
   From: https://www.govinfo.gov/content/pkg/FR-2021-01-14/pdf/2020-25332.pdf