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Market Updates

Gold: The Bottom is Near

The bloodbath phase scenario has hit with stops triggered under $1,800/oz and now we have the possibly of having to endure weeks of gold grinding lower down here.

Precious Metals Update Video: Copper is not joining the silver and gold declines

Gold remains heavily under the 18 week moving average but 100 & 200 moving averages are way below the market too at $1570.50 & $1,418.50

Fake News Engulfs The Gold And Silver Markets

The gold price was given a a quick $35 ride on the down-elevator today starting at 7:40 a.m EST. There were no news items or events that occurred that would have triggered the price hit.

Bubble Update: A year to year and a half?

I no longer think that we have 10 years left in this (general equities) bull market, looks like we have transitioned into the bubble phase already. Video Update

Another COMEX Price Smash

It appears that there is no longer any reason at all to own gold in any form. Didn't you hear that there's now a Covid vaccine and that the Biden/Yellen combo will solve all future debt and deficit issues? So, sell it all and buy stocks and Bitcoin. At least, that's what The Banks hope you do.

Gold Retested $1,800 As We Forecasted Over Two Months Ago & Silver Eagle Sales Top 4 Million

So, where is gold heading now?  Good question.  However, if we look at the 5 EMA, it looks to me that gold will likely retest this level as well before setting up for a leg higher

Precious Metals Update Video: Running the Stops

Gold stops getting triggered.  Gold is nearly $70 away from the 18-day m.a.

Asian Metals Market Update: Lots of Economic Data Releases

There are lot of market moving US economic data releases. Traders and investor are switching focus to economy and economics apart from vaccine.

Gold: Is It Time To Buy?

Another awesome day is underway on the gold market gridlines… for eager accumulators of the world’s greatest asset!

I Dislike Shallow People And Shallow Pullbacks

The main point that I am making is that the market is likely setting up for a major rally as we look towards 2021. Based upon the current market structure, I am seeing the 4600-4900SPX region as the next major target for 2021, with the 4200/4300SPX as the initial major resistance before we get to that target zone.

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