Another week of record gold prices, the media attention phase has properly begun.
Monday's pop higher above the trend line shows acceleration, today's pullback was perfect in kissing back that trend line and another long entry.
We are in a larger wave 3 up, within that wave we are in minor wave 3 up, still waves 4 and 5 to finish this strong move...at some point in April or perhaps May, we will top out as a larger wave 4 takes hold, that could coincide with stock market routs...too early to say.
Would not be surprised to see another $200-300 by April, perhaps a blow off much higher.
Longer time frames point to a major wave 5 up in this long bull run, a move that will have the public diving in with both hands, the greed and mania phase, you can be assured that the economy and banking systems will be stressed to say the least.
Gold and silver are rising simply because of safety, hedging and investment, silver will out perform gold at some point and catch up. The manipulation game is coming to an end as the scales correct.
Appreciate a thumbs up, God Bless you all and good trading!
Monday's pop higher above the trend line shows acceleration, today's pullback was perfect in kissing back that trend line and another long entry.
We are in a larger wave 3 up, within that wave we are in minor wave 3 up, still waves 4 and 5 to finish this strong move...at some point in April or perhaps May, we will top out as a larger wave 4 takes hold, that could coincide with stock market routs...too early to say.
Would not be surprised to see another $200-300 by April, perhaps a blow off much higher.
Longer time frames point to a major wave 5 up in this long bull run, a move that will have the public diving in with both hands, the greed and mania phase, you can be assured that the economy and banking systems will be stressed to say the least.
Gold and silver are rising simply because of safety, hedging and investment, silver will out perform gold at some point and catch up. The manipulation game is coming to an end as the scales correct.
Appreciate a thumbs up, God Bless you all and good trading!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.