GOLD 0.51% $1,391.7 gold futures

gold, page-95086

  1. 1,649 Posts.
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    Gold stock sentiment indicator.
    Quite a few things I would like to say but will keep it concise.
    This man sounds very, very dangerous and believes they can control the price of everything through the futures market.
    Poachers are employed as rangers for a game park. Listen carefully to what he says.
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    Here is a prediction - when digital currencies are mainstream, money supply, velocity and other forms of tracking currency creation and use will disappear or at least not be reported - down the rabbit hole we go. And the powers-that-be will track ALL of your currency use.
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    Sell in May and go away - coined by the Trickle Down Economist crowd.
    Hope you saw yesterday as a buying opportunity.
    The April contract period done and dusted.
    Another prediction - gold will crack US$1,800 if not before, then on Friday. Bit sad the sector is becoming so predictable. Algo's help.
    By the way, I see then next level of resistance at around A$2,480.
    Does not show on this chart but this is the Aussie GOLD ETF. Gold is far more consistent for TA in AUD compared to USD.
    Trend has been in place since June, 2017.
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    https://hotcopper.com.au/data/attachments/3146/3146626-c070d1731826bd9cd3a249fddf3c5dc5.jpg
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    Sentiment has dipped to 39.9% which is near as shouting to the low I have been expecting (37-38%).
    Looking for a breakout of $1,800 before the next run which in sentiment terms could be propelled to around 60%.
    Should align reasonably well with resistance just below A$2,500.
    Here is the indicator
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    https://hotcopper.com.au/data/attachments/3146/3146490-b3d66215259573bfcf14e864108d5b18.jpg

 
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