GOT GULD ??? GET YOUR GULD . GET IT NOW. BULLISH CASE
this herein is a Bullish case for GOLD's price action,
as continued buying pressure is supported by the deteriorating global economic macro:
despite of it all, all fundamental's creating crystal clear scenarios for a retesting and breaking of GOLD's 2011 highs,
fundamentals clearly in view such as blackswan's swimming, rearing its head by the Fed's emergency QE4 we are currently in, the shoring up overnight REPO lending with their close to Trillion $ over the last handful of months, for what should be obvious reasons, Banks not wanting to lend to one another for what they obviously already know, with a debt strapped deteriorating consumer unable to substantiate P/E ratios after Fed pumped equity markets, and with the Fed's visible balance sheet ballooning along with exploding national debt, GOLD has continued to be under substantial selling pressure by manipulating hands. Despite this, through technicals we were able to purchase GOLD ETF'S at a descent place of what appears to be leg 3 and sold at GOLD's resistance up toward 1557, taking close to 100% gain on a leveraged ETF. While some/ many may draw the Elliot waves differently and perhaps already topped out, i find that leg 5 has not taken place due to the fundamentals and technicals that have not yet taken place, primarily the reattempts at 2011 highs to name 1.
Saying all this, there is ample showing that a cross down into 200Daily MA is possible, although the confluence from a supporting trendline says it will not go there, but infact find technical support close to 1440, or greed driven prior, from where GOLD should rally into a strong leg seeking to eclipse 1650, 1700, perhaps even 2011 Highs.
With swirling global economic disasters already becoming visible, extreme and panic capital flight will soon take place, giving GOLD 20+$ days. Get your GOLD, tangible first and paper, for a RIDE that promises to be one for the BOOKS.
as continued buying pressure is supported by the deteriorating global economic macro:
despite of it all, all fundamental's creating crystal clear scenarios for a retesting and breaking of GOLD's 2011 highs,
fundamentals clearly in view such as blackswan's swimming, rearing its head by the Fed's emergency QE4 we are currently in, the shoring up overnight REPO lending with their close to Trillion $ over the last handful of months, for what should be obvious reasons, Banks not wanting to lend to one another for what they obviously already know, with a debt strapped deteriorating consumer unable to substantiate P/E ratios after Fed pumped equity markets, and with the Fed's visible balance sheet ballooning along with exploding national debt, GOLD has continued to be under substantial selling pressure by manipulating hands. Despite this, through technicals we were able to purchase GOLD ETF'S at a descent place of what appears to be leg 3 and sold at GOLD's resistance up toward 1557, taking close to 100% gain on a leveraged ETF. While some/ many may draw the Elliot waves differently and perhaps already topped out, i find that leg 5 has not taken place due to the fundamentals and technicals that have not yet taken place, primarily the reattempts at 2011 highs to name 1.
Saying all this, there is ample showing that a cross down into 200Daily MA is possible, although the confluence from a supporting trendline says it will not go there, but infact find technical support close to 1440, or greed driven prior, from where GOLD should rally into a strong leg seeking to eclipse 1650, 1700, perhaps even 2011 Highs.
With swirling global economic disasters already becoming visible, extreme and panic capital flight will soon take place, giving GOLD 20+$ days. Get your GOLD, tangible first and paper, for a RIDE that promises to be one for the BOOKS.
Trade active:
GULD HAS BROKEN 1515 WITH STRENGTH TODAY AND AT THIS VERY MOMENT TRADING @1521... WHERE IS IT GOING??? read the above... IT LISTENED AND WENT STRAIGHT UP THAT NICE LITTLE LINE WE GAVE IT ;) ... nonsense aside, with fundamentals just now starting to kicking, i expect GOLD shooting straight into that 1557 over the following days... GET YUR GULD ETF EVEN NOW, WE GONE TO DA MOON AND AINT COMING BACK DOWN... I EXPECT 2011 ATH BEFORE END OF FEB 2020, SO THOSE ON GOLD LEVERAGED ETF'S, WELL BAEBE, BAAAEEEEBEEEEE.