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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%Nov 28 4:00 PM EST
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Recommended by:
fred woodall
To: bull_dozer who wrote (185751)5/23/2022 6:37:10 PM
From: TobagoJack1 Recommendation   of 218074
 
Re <<more porn>>

looking bullish unless bearish

ask-socrates.com

The Gold & Benchmarks


As of last week, we have a temporary low in place, which was the Benchmark target. The Benchmark in Gold was the week of May 16 and Silver will be the week of June 20th. It appears we could rally into the Silver target provided we see a technical weekly closing above the week's high of 1848.20. The Monthly support in gold has remained at the 1750 level so there appears to be no intent to breach that. A closing for May above the 1835 level will imply a further bounce into the Silver Benchmark.

There is a Panic Cycle the week after the Silver Benchmark and June itself is a Panic Cycle in Gold. My concern is that there is information coming my way that the Neocons believe they have weakened Russia and are now poking Russia in another direction. They are trying to convince Israel, and Saudi Arabia, to join a coalition to go after Iran. If this pans out, it appears to be targeting the August/September time period and is being developed as a Plan B tactic to be a diversion in hopes that the Democrats will hold on to the Hill.
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