Gold finished over $2000us last night and is at or very close to...

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28/10/23

19:41

Post #: 70595121
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Originally posted by AdaAli: ↑

There's some technicals I wish to share. If you're keyed into the present I'm not putting up charts I ask you to just slap up Bank of America's (BAC) daily on your own. The slide down look, the initial two candles 4 sessions or so ago, they're candles with abnormal highs. I'm a believer in 'range matters'. A slow skid into a ditch with an odd look. Could we break? The S&P 500 et al.? I mean.. we can. I can infer a U.S. regional bank index would look like crap. Yet what if there's no shock? We're more likely to 'V out' a break than many think IMO. The Dec 23 High Grade Copper Futures daily also looks nice, has a 'key reversal' 'look' the past 3 sessions. Without the past 3 sessions it looked like it was crapping. HGCopper futures looks like its coming off lows.

Two others I watch from time to time, MCD and IBM, I pair these two. They're like Dow Transports and Russell 2000 plus a pair for me. The ole', double quarter pounder strength (or weakness).. McDonald's was very weak as markets broke down. She's had good sessions. Early reads but good signs for transitional traders out there to go long and spread against other markets. This may help the bigger Aussie miners and company's share capital values soon. Whether this bull view transpires whatever, at least gold's not doing too bad.

Hopefully Sunshine has an economic future I think they have more hail Mary batphones available than folks think. I'm not too familiar with what some miners do when they have a resource but mine-funding may be a stretch. I don't know if you get a phone call from Rio Tinto where they ask, nice thing you have there can we have it for 90mil? We've all seen those confusing Joint Venture percentage deals and all that.

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Gold finished over $2000us last night and is at or very close to record highs in USD.

It is a good time to be drilling for Gold.

SHN Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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