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We have seen no sign of media interest and the general public are nowhere to be seen…..let alone mania from either…the MSM are studious in their ignoreing, no doubt told to shut up and keep the general public ignorant and here’s a thought…have they been fed Crypto , as the new Gold…to keep them away, while the CB’s pile in to Gold the real stuff …..in an effort to offset debt….and just why aren’t rates panicking, especially in Europe …where we have nothing but cretins running the joint…..do they know something is up.
But back to signs…… all the classic mania signs were around in the end of the 70’80’s mkt….here none …so far.
For as strong as we’ve been, the moves have been pretty measured. 1-2% max. It’s not like we’re seeing 2-5% up days. Have we had a $100 up day? No big volatility. It could continue this way for awhile. Silver is a bit more volatile, but still no 4-5% days.
I’m guessing when we start to see that type of action, we might be near the end.
Micron can’t form/keep a government ….nobody want’s to work with him…French rates should be surging higher…not falling like a stone….Looks like BoF is buying with both hands to stop rate flying up !!!!!
for the very good reason loads of people will always sell the big numbers……to take profits…..so for Gold to take out $ 4000 on it’s first attempt, when already way over extended ..tells us three things the buying is massive and there are very few longs looking to sell around here…..all dips will be bought.
To take out $ 4000, so easily….has to be one of the most stunning moves gold has ever made…..these are truly epic times….ones we will never see again.
Locally, merchants & restaurants on thin margins are encouraging cash. Prominent signs at checkout say that charge cards will have a +4% ‘convenience fee’ added to the tab. Looks like merchants are tired of the credit cards taking a 4% bite out of their income, and simply pass it on to the customer now.
Looks like the shorts pulled a fake out earlier today or yesterday to some starting high then selling in to it. Well looks like the opposite is happing now.
I suppose I can talk about this because there’s bigger buyers involved not just local anti buyers. A little earlier I saw a bullish harami forming. I’ll skip the details and get to the point. Once the next candle moves higher than the bear engulfing candle it will set a buy long trigger where things can move fast. That’s what you want to look for right now especially by tomorrow.
The future is gonna laugh at these so called representatives in charge, either the migrants who barged in attacked their citizens and took over their land or the survivors who drove them out. Hard to say which at this point.
so all this selling over the last few days, ever since just before Sep month end and more recently, is someone trying to crack the Mkt without Chinese support. !!!!!
and So far they haven’t made any headyway in Gold…and the Chinese are back on Thursday !!!!
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