Yeah hi Bell.
Technicals are not to be dismissed but momentum is momentum so we shall see. If silver can manage to break out then the momentum might continue.
The reasons for golds rise are many but all of them oscillate around the totally corrupt actions of western governments and their central banks. That does not look like its about to change. The re-ranking of Gold into a tier 1 asset (which should have always been the case) has also given it a boost.
Reality is finally setting in amongst the Ponzi chasers that gold is a must have for monetary insurance purposes because gold is money and everything else is credit and in a western world where everything is falling apart then good luck with credit.
Looking at the ETF'S and not long ago the Banksters used over leveraged longs for a rinsing operation but this looks like its coming to an end as any major rinses are used to load up on cheaper physical. The only reason the Banksters were able to smash silver so heavily was because the Broader Ponzi got smashed.
Its a beautiful thing to see gold finally, after all these decades of suppression and fraud breaking free of the evilness that has ruled over it. The curtain is being pulled back in regards to the scam being run against us by the ruling elite, regardless of their ongoing operations against us. The trend is set and will run its course. The people are awakening.
US Dollar on the daily consolidating its losses and is heavily oversold so we'll see if we get a spike low.
The weekly also indicating an oversold state but not as heavy as the daily
A 10 year on the US Dollar below indicating it in correction mode with no long term breakdown as yet.
The first Fib number to hit is 98.92 with the second number at 98.39 being 61.8% retraces from the high in September 2022 when the Banksters went el Berserko after the Ruski's went into Ukraine.
