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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST

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To: sense who wrote (170004)3/29/2021 1:42:56 PM
From: sense  Read Replies (1) of 217635
 
Gold down 25 points suddenly has won only 5 back.

Silver down $0.40 has won $0.25 back.

Before the intra-day move today, gold was trending more like silver has been... holding price in spite of charts intended to scare it lower... while silver had been trending more like gold has been... drifting lower through support.

The scale of the abrupt moves today... not enough to skew charts ? Looks like sudden drama was intended to cause doubt... and replace power in driving moves that show up more on charts.... A power shortage ? Hmm.

Gold weekly chart is "waiting for it"... nothing on it that can't be changed in meaning in a day or two of trading... but hinting it would like to go higher... rather than just wiggle as it is now.

The daily chart says "change soon"... like tomorrow... but its patterns might be lying... in mimics of prior patterns imposing big drops... but similar patterns are now set higher in relation to zero lines... so what was down in a prior pattern might be up instead this time ? Or not... depending on the next day or two in drift crossing of zero lines... or not. But the overly mechanically drafted pattern shown is a proof of "a trade being run"... so if what you see instead of gold slavishly following the direction written in charts... is gold just ignoring the chart patterns... and plodding along ignoring them ? That is what gold has been doing recently... looking more like it is following silvers lead charting its own path, the price performance opting for resisting the chart artists inducements. And, that would be the most interesting result of all...

Will be watching gold, tomorrow...
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