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https://futures.tradingcharts.com/marketquotes/GC_.html

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https://futures.tradingcharts.com/chart/GD/30?anticache=1583078074

14 day RSI 43 on this March 2020 chart–possible support line?

Often in the past it proved to be a signal, and it won’t surprise me if it is again and identifies where we are being taken.

I’m with ya. Everything is about mostly fear these days. TV is the fear box.

and you’re right, it does seem to have accelerated these past few years. Craziness.

I’m guessing Covid-19 is probably all over the US except most people just think it’s the cold or the flu and after a week or two it just goes away. They’re never tested. People at my work including me have had the flu or colds in some form or another for the last several months.

Good excuse for a market selloff though.

This phenomenon has been seen before over the past many years.  I remember speculation ranged from a Kitco hiccup to suspicion that it was a signal – usually that a PM slam was imminent.

Certainly that could apply to what you just posted!

It would be interesting if we could gather a collection of these and compare to the Au/Ag price chart over the following couple weeks to see if there is any correlation.

Any thoughts?

just my take, non scientific, based on my own personal experience watching the media “awfulize” a series of incidents over the last few years….

it’s about 80% media hype – give or take 10%.

yes, it’s a nasty virus, yes, it’s a killer.  so were sars , H1N1, and bird flu.

the media earn their livings by “selling newspapers,” and nothing sells better than hate and fear.  get the public worked up and they’ll buy a newspaper, watch a news program, whatever (and read the advertizing).  most of us will live through it, and survive to listen to the next round of fear porn, hate porn, war porn, or whatever porn.  that, and fat bottomed girls are what makes the world go ’round.

the panic spread by and about this?  that’s another question entirely.

reluctantpreppers.com

good info on silver and gold market analysis