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review3.17.20 GOLD SILVER DXY COPPER ENPH OIL: I think it's important to know why the dollars going higher, and gold is going higher. when markets have very large corrections lower this forces commercial funds and other traders to sell the good and the bad to meet margin requirements. In 2007 or eight when the market took a nosedive gold went lower and the dollar went lower. The reason for this is that large funds will sell their goal position, and countries will sell their gold position to meet margin requirements or other requirements that are transacted in the dollar. So you may want to buy gold when the markets correcting from a high in the markets moving catastrophically lower, but you may be perplexed why the gold is going lower when everything appears to be so unstable. I misstated the description that you could hear from the fund manager of Brent Johnson of Santiago fund. if oil is in a bear flag and makes a new low, I would be looking for a buying tail to get long. I think silver will reverse and go higher and that this is a capitulation move even though it has not impressively moved off the recent bottom. I believe the price of silver is near or below the production cost for many of the silver mines, it is ridiculously low, and gold retested at 382 and bounced off of that and looks like it might be heading higher to me. When in doubt, stay out... but you can follow the market anyway. Copper traded the pattern beautifully and came to the support; I think of Copper is one of those markets you don't have to trade frequently which means you don't have to spend all day looking at it. I think ENPH is going to move higher from here.
TVC:GOLDEducation
by ScottBogatin
4H stochastic analysis + full 5 wave count of Elliott WaveI made this chart to show the example of using stochastic to help determine the wave Of Course, this is not perfect... 1. need to use fib 2. trend line needed (black arrow) 3. the knowledge of high volatility , when fib exceed 168% 4. the case when gold retrace too small (like 0.27 retracement instead of 0.382) 5. when the fractal (small time frame movement really weird and does not add up) 6. THATS WHY MINIMUM 1 H TIME FRAME NEEDED 7. DON'T USE THIS TECHNIQUE ON 5 minutes and 15 minutes time frame, gold like to SL hunt at those timeframe
TVC:GOLDEducation
by salvanost
FLASHING RED!! BRACE! 🚑😲This is serious picture emerging right now. Have a look. I'm watching what's happening with Gold in relation to the Down Jones Transportation Index, and Bitcoin. This is all coronavirus related. In tight summary, the smart money is moving into things that store real value - the kind that's unlikely to be affected by central banks. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
FOREXCOM:BTCUSDEducation
by Captain_Walker
ARE YOU SHORT ON SILVER? GOLD? MUST READ!Concerned. Had always dismissed claims that silver would not be available when the time came but tonight, I've just noticed apmex.com (a top online retailer for precious metals) has now listed many of the top selling 1 OZ SILVER BARS as PRE-SALE ONLY. AKA SOLD-OUT. Then I checked the smaller sub ounce gold coins. Same story. Wonder what happens next? FOREXCOM:XAGUSD TVC:SILVER TVC:GOLD OANDA:XAUUSD OANDA:XAUEUR FX_IDC:XAUCNY OANDA:XAUJPY AMEX:JNUG AMEX:JDST AMEX:GLD AMEX:GDXJ AMEX:GDX AMEX:BTG NYSE:GOLD AMEX:NGD FX_IDC:XAGUSD AMEX:SLV
OANDA:XAGUSDEducation
by HandofGold