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26/04/24

07:56

Post #: 73515818
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Originally posted by slange: ↑

A 5 minute on the game with the deranged Bankster smash around 1pm AEST just because they can, along with rinsing out any longs and quite often they will force gold lower when gold bullish news is on the way so it starts up from a lower position. This is something they have done over the decades with regular monotony. Also its to disincentivize any perspective buyers. Then its on to the usual "volatility" around the US open.
Massive Bankster liquidity pumping operation in place throughout yesterday as no downside traction is allowed in the broader game.

This is where the action is. I posted earlier about the relatively benign downside action during the Bankster gold smash which was indicating that the gold share game was essentially rejecting the smash. This is the case at this point as the GDX charges higher on big volume as gold ekes out a small gain.

Same game with silver as it is hammered back down to the $27 level.

A ussie continues to interact with its 200 day.

Aussie gold price continues to consolidate.

NEM with a massive break higher on very heavy volume.

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Thanks Slange.

Hopefully we get to now see similar breakout with more gold miners as NEM as they start to report higher than expected profits..
6 Upvote

0 Great analysis

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