At this stage the Trump incident won’t be enough of a flight to safety to break out. It looks as though Asia and Europe don’t have the energy atm to keep it going, as they have their own (similar) issues.
IMHO, and I’m not a tech expert but a reverse head and shoulders could be forming over the next month or two in the GP. This would put the GP just a little over $2700.
I think the energy for this push of a flight to safety will come from a Fed Rate cut in Sep-24. But not from PCE going down (which it should) but unemployment going up and those affects on an election. Yes I understand
But the GP could go down, retest $2285 or so before heading up again, but I don’t have a crystal ball,
These are all positive’s for the Qala project and with the CFS yesterday, Q3 could be a pivotal qtr for WWI.
WWI Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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