Price action, page-9

Hi Zabbro

Have a look at this chart that compares EVN to QAU (Betashares Gold Bullion EFT - Currency Hedged to Aussie dollar).

I am not sure that this chart will post properly but we shall see. If it works pull the chart to the left so that the EVN line both is above and below the QAU.

Here is want I want you to pay attention to. Its a little complicated but revealing so bare with me.
Low base week 23 Sep 2018 closes EVN 2.72 QAU 12.25 both series begin to rise but EVN faster that QAU.

EVN first peaks at 3.86 on the week of 27 January then starts to drop. QAU peaks at 13.48 on the 17 Feb 3-4 weeks later meanwhile EVN has fallen to 3.60. In the following weeks both are dropping.

Next EVN bottoms at 3.33 on 28 Apr the starts to rise, Meanwhile QAU continues to fall and bottoms 3-4 week later on the 26 May at 13.16 by this week EVN has risen to 3.93. After that both are rising together.

Next EVN peaks at 5.22 on the 4 Aug and then begins to fall, meanwhile QAU continues to rise and peaks at 15.37 on the 1 Sep 3-4 weeks later at that time EVN has fallen to 4.54. Both begin to fall together

So each occasion EVN begin to turn in the opposite direction to QAU 3-4 weeks before. It seems that EVN is an early indicator of what QAU is going to do.

But wait a minute that does not make sense it should be the opposite way around ( with QAU leading EVN) unless both are being manipulated.

Now do the same exercise with NCM and NST the same thing is happening.

So buy the Aussie miners low and accumulate on the rise then turn the AUssie gold price 3-4 weeks later, go for a ride for a number of weeks or months and then begin to short the Aussie mines towards the top half. Next begin to unwind the shorts after the QAU has started a downward direction. Once unwound start the whole process again.

How can this be so? Just my theory, DYOR. The world bullion bank are huge and so are some of the big hedge funds. The Australian gold miners actually producing are few in number and realistically the Aussie share price of these producers easily manipulated by BOTS , shorting and aggressive buying and sell.

So right now we are at a point where EVN (5.22-3.51) and the others are on a serious downward run even though QAU (15.37-14.77) has not really fallen that far.


https://finance.yahoo.com/chart/QAU.AX#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

Right now I think that many of the readers will be saying "wait a minute who does this guy think his kidding"

Look at the following charts comparing EVN with Newmont (the largest gold produce) You can do the same exercise with Barrick and other world leading gold produces

https://finance.yahoo.com/chart/NEM#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 KAjCAoMTQseSkiOnsidHlwZSI6InN0b2NoYXN0aWNzIiwiaW5wdXRzIjp7IlBlcmlvZCI6MTQsIlNtb290aCI6dHJ1ZSwiaWQiOiLigIxzdG9jaGFzdGljc KAjCAoMTQseSkiLCJkaXNwbGF5IjoiU3RvY2ggKDE0KSJ9LCJvdXRwdXRzIjp7IkZhc3QiOiIjMDAwMDAwIiwiU2xvdyI6IiNGRjAwMDAifSwicGFuZWwiOiLigIxzdG9jaGFzdGljc KAjCAoMTQseSkiLCJwYXJhbWV0ZXJzIjp7InN0dWR5T3ZlclpvbmVzRW5hYmxlZCI6dHJ1ZSwic3R1ZHlPdmVyQm91Z2h0VmFsdWUiOjgwLCJzdHVkeU92ZXJCb3VnaHRDb2xvciI6IiMwMDAwMDAiLCJzdHVkeU92ZXJTb2xkVmFsdWUiOjIwLCJzdHVkeU92ZXJTb2xkQ29sb3IiOiIjMDAwMDAwIiwiY2hhcnROYW1lIjoiY2hhcnQifX19fQ==

What the Hell the Aussie dollar has been falling against the $AU and the share price of these world producers are fairing so much better than the Aussies.

If you tell me I am dreaming, I will answer I think not.

So I expect in the coming week EVN , NST and NCM will turn upward to be followed by QAU in 3-4 weeks and we are for a upward run, easily out stripping the Aug highs.

Just my extrapolation from what I see in the charts. DYOR.

cheers Lies

Pull the charts to the left

	Column 1