Central banks will cannot increase interest rate aggressive (to curb inflation) as it will hurt growth.
Positions as of 30 November, 2021
Gold is back to an old support zone. Stochastics almost in embedded reading, bearish. Supports below are..
Gold bugs can be emotional and like to listen to people who confirm their bias. Until gold starts to make a new intermediate high, gold is in a cyclical bear market -- not secular.
Gold is not able to rally on all the inflation talk. Gold's next support looks to be in the lower $1750's..
I've been in this for five decades, today was unbelievable. Flash-crash day again.
US November ADP jobs number is the key. The next trading sessions is very crucial for gold and silver.
The next major buy alert is going to come on a breakout above $2089 or a dip to $1566.
Positions as of 23 November, 2021.
Embedded sell signal in mining stocks for now. Here's our problem for gold: The price needed to retest the previous intermediate cycle highs...
