The Brains Trust - 2024, page-1595

converse gj is $US having a bounce at $1.04 over last week or so
that was the level i picked a few weeks back.
fairly anaemic reaction so far. no volume. if it does get going then horiz reaction is at $104.98 or so
other factor is time
if we are now on a wave down then for how long
i can make guesses buy i much prefer just to wait for next buying volume
by then the market will have puked itself and will be reluctant to move which makes it easy to get on board
other indicator is june saw 3 or 4 weeks down in $US and now in july have seen 3 weeks down in $US
it is time for $US to see some support

market is focused on rate fall in sept and i expect volatility as the inflation indicators, cpi employment figures all come out

dave yes $2400 for gold was the horizontal. will see if it turns into support for next level on a backtest for gold or remains a barrier
there seems enough support for gold now that my gold stocks should hold the break up? hopefully anyway
it took 4 or 5 runs up leading up to 2020 high
i cant believe rsg is virtually at the same levels. it doubled from 20c to 40c a few times back then before it ran to $2. so patience for me is needed