1.26 area resistance on the Euro to Dollar exchange rate. Expecting a top in the USDX rally early next week. In the same boat as the Euro.. video update.
With the levels of MMT ... TMM (total market manipulation) injected in the markets since Ben Bernanke cooked up the diabolical macro manipulation known as Operation Twist I can’t pretend to quant the past to the present…
The traditional Chinese New Year “firecracker rally” for gold may be a dud this year, but investors who followed my “buy into $1788 and sell some into $1966” recommendation are in great shape.
A daily cycle low hit in the USD? Resistance for USDX just near the 92 area. Gold breaking the $1,850 area support zone, gold will have trouble picking a bottom with the USDX rallying a bit.
Chris discusses the chart patterns that the long term gold and silver charts are presenting and what he believe that this means for gold, silver and platinum for 2021.
Bitcoin, what crazy moves, from $42,000 to $32,000 in a blink of an eye. Gold's 18-week moving average above at $1,879.20, which it needs to get back above.
Bitcoin. Is it in another mania? Interest rates as measured by the U.S. 10-year treasury note soared over 1% this past week. Gold was hammered on Friday suffering one of its biggest down days in years. But why? More stimulus and debt are on the way. Was it a set-up to buy? It was futures selling, not physical.
Inflows into gold-backed ETFs could be recovering after 11 straight days of positive flows as of Thursday. This marks the longest run of gains since late August after the end of 2020 was marked with big outflows.
The bottom line is that we should tune out bullion's rigged swoons until the crooks and shysters are ready to let it run. Sometimes it takes courage and conviction to stay the course, and this is one of those times.
