Goldtent TA Paradise

Gloom and Doom in the Gold Market

1. Gold Learner says:

   May 23, 2023 - 2:45 pm at 2:45 pm

   Sir Fully,
   It’s called “lack of love”.

   Everybody just loves to be bearish on gold.

   Tell me one more asset which is so close to its all time high, yet so unloved? S&P is close enough, and loved a lot. I still hear a lot of calls for 5000, 6000 …

   Or, charts wise, better yet, ratio charts wise, …

   https://twitter.com/badcharts1/status/1661042189223317505/photo/1

   Pardon my posting a chart from Patrick’s twitter page.

   GL

2. pedro_deleon says:

   May 23, 2023 - 3:53 pm at 3:53 pm

   That same chart has been making the rounds in EW form.
   So the next decline would be e of 4 in a triangle. Perhaps.
   Not much conviction here with sideways patterns.
   Too many options.

3. winedoc says:

   May 23, 2023 - 6:46 pm at 6:46 pm

   The Gods of the Copybook Headings

   As it will be in the future, it was at the birth of Man
   There are only four things certain since Social Progress began.
   That the Dog returns to his Vomit and the Sow returns to her Mire,
   And the burnt Fool’s bandaged finger goes wabbling back to the Fire;

   ?? Onward Pilgrims

   Phyzz has been better place to be …….

   Winedoc