GOLD 0.51% $1,391.7 gold futures

gold, page-127873

  1. 10,461 Posts.
    lightbulb Created with Sketch. 4072



    Looking at the broader gold game and below is a monthly showing barely a blip in the recent shorter term consolidation as it is already on course for a record high close.

    https://hotcopper.com.au/data/attachments/6293/6293288-abfc887b4fd5ff7d4fcb499b5ca9f02d.jpg



    A weekly with the consolidation more visible as gold begins to break higher and is looking in a very strong position.

    https://hotcopper.com.au/data/attachments/6293/6293298-a480c05d8bcca5df2abe4dbffa299f8b.jpg

    A daily on the game with gold beginning to pick up a head of steam. Once the previous high is taken out then the rally could last into the August/September time frame and it is likely that the share prices of the miners will outperform to the upside as it becomes more and more obvious the economy is tanking despite the best efforts of the ruling class to paint the picture of a sound economy, which in effect is about as sound as Bidens mind, or the UK Conservatives.
    We wait for the Banksters to be overrun by the Free Market, brushing away their liquidity injection attempts at keeping the game elevated forcing them to lower rates.
    And if the Israeli's decide to commit suicide by putting the Middle East on fire, a Moon shot will likely be the outcome for gold. Hopefully cooler heads will prevail. We shall see.
    The Americans have weaponised the dollar so any entity not supporting the Americans will be looking to sell dollar assets and turn them into gold, silver and the like of which doesn't have counter party risk. Real money. The only buyers of US assets will be its vassal States like Japan, South Korea and Europe.

    https://hotcopper.com.au/data/attachments/6293/6293308-3d050385068fee607cc57b285d886345.jpg

    A daily on the Dollar as it drops down to test its 200 day.

    https://hotcopper.com.au/data/attachments/6293/6293325-2e5a34c558326c9872a224f08fe37e07.jpg

    In regards to Japan it don't look like they'll be buying much of anything unless its another money printing machine as its currency heads deeper into the toilet bowel due to the BOJ's disastrous monetary policies. They might even have to sell their US Bonds to stave off default, for a while anyway.

    https://hotcopper.com.au/data/attachments/6293/6293337-561fc0f50ce3e59cacbf24e3e30e32a8.jpg

    US Crude Oil as it gets beaten back down for the second time in three sessions. If the Israeli's "lose the plot" the Banksters will have no chance of holding this thing. Don't look like they're doin too well even at the mo.

    https://hotcopper.com.au/data/attachments/6293/6293338-9ef41ccfed7af56fa5eb331d1ee9a3c0.jpg



 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.