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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 43.26+3.7%Dec 22 4:00 PM EST
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To: kapex who wrote (163992)12/1/2021 11:00:37 AM
From: kapex1 Recommendation

Recommended By
roguedolphin

  Read Replies (1) of 207417
 
Gold

I can't help thinking that the COT's are telegraphing gold and silver's future direction.
I mean...the deep state can control anything now and that's what the last 20+ years has been about....putting that control in place!

But the wave patterns will still unfold and give you clues as to what "may" be ahead.

Futures Gold Chart Daily (finviz.com)

If you look at the daily here you can see we just had 5 waves down from the recent high.
A 3 down would have been more constructive for a bullish scenario.
But it is what it is and I am thinking that the metals will get Hammered over the next couple weeks or more.

I feel that way because the pattern I laid out about the A down and 3 waves up for an a of the B and the 3 down for the b of the B and then 3 more up for the c of the B means that..... "IF" that is correct.....and that's a big IF........the C consisting of a 5 wave decline won't be over in a week or two.
It may take a month or more.
The Good thing about that kind of washout is that the cot's will probably improve Dramatically and sentiment is surely to get despondent.
Look for articles spelling the doom of the metals because of this reason and That reason and.................... Blah BLAh BLAHHH

Yeah yeah yeah!!!

It needs to happen.

Fundamentals are manipulated and as viewers to this great spectacle unfolding now (Catherine Austin Fitts told us Exactly what to expect back in early Feb of 2020.
Just like she said.

It's Not going to work mind you......but, they Still have their Control in place with anything financial.
But Real gold and silver are not some data entry on a computer screen....even though that's how they have been controlling it for Years!

Fundamentally.......there will come a time when the actions that have been taken will mean that REAL fundamentals about physical metal will come to the fore and that is why you want to own metal.

But sentiment will get bad and the cot's will confirm and the crowd will get depressed (Needs to Happen!)
and THEN we will find a low.

At least....that's how I see what all those tools are telling me.

So Look for the above and remember to get more bullish as it sinks into the abyss.

So entertain yourselves and stay light and Strong and don't lose your sense of humor!

Here... this is Cool!
I would say he's way better that Michael Jackson!








Not the Bee

@Not_the_Bee





I think I just witnessed the greatest moonwalk of all time, in the middle of a street no less | Not the Bee
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