The next move could well be magnified by the little aussie...

First 124855 Last

Share
Profile

Follow
ghostwriter

1,270 Posts.

395

04/03/24

11:08

Post #: 72728340
Share

Originally posted by slange: ↑

Now here's something else and I should have been on to this straight away as its not the first time its occurred. I just got too fixated on other aspects of the game.
Looking at the deranged sub $2,000 smash (which was more theatre than anything else) and the subsequent rise and the nature of it, it becomes blindingly obvious that the Banksters pushed their luck too far and gold down lower than they intended to due to "over exuberant" dollar-gold algoes and their hangers on. This is the reason for the slow rally off the low without any serious Bankster interference of significance up to where they were heavily capping at $2040. This was a Bankster induced and controlled rise, until of course it went awry.

Looking at the weekly and it appears that this correction is over and if it is the case then this is by far the shortest correction from previous record highs.

the Quarterly indicating we are in the third leg of a new major 8 leg move. It could be explosive. Its got a beautiful cup with a massively consolidated handle
as the Banksters fight with everything they've got to prevent the breakout. Good luck with that.

Expand

The next move could well be magnified by the little aussie bleeder. the 5yr chart suggests it's in inexorable decline and may test 62c again against the USD.
This will shine a light on the CEO's who have their hedge books in decent order and have allowed for a heftier jump in Oz gold prices than just tracking inflation or CPI. If they've listened to their accountants and not their intuition these are the ones to avoid when considering an imminent trade in gold shares to take advantage of the next leg up.
Adding in some physical silver could also add to the sparkle
5 Upvote

1 Great analysis

Reply