2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 422.23

+1.9%

Jan 12 4:00 PM EST

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To: #Breeze who wrote (198619)	5/6/2023 8:28:50 PM
From: TobagoJack	Read Replies (1) of 219301

Re <<GLD>> ask-socrates.com Blog COMMENT: I spoke to a real diehard goldbug. It became clear he hated you because you were not saying always buy. He never wanted to hear that there is a cycle. All declines were bank manipulations. When I asked why did banks want to push gold down? He said to make inflation look better for the government. I could not even rationalize his thinking. When do bankers care about the government? They didn't in 2007-2009. Just amazing HP REPLY: They will always lose money because they refuse to understand that there is always a trading cycle. Those who blame other for their losses are incapable of ever learning how to invest no less trade. During 2023, our major projected trading range in Gold remains at 2145 - 1909. Gold peaked last week on target and next week we have a Panic Cycle. Gold closed Friday mower that the weekly closing for the week of April 3rd. The benchmark was the week of April 17th which interestingly produced a Knee Jerk low. That was warning that we were not breaking out and this last week's close seems to be suggesting a 2-week correction is likely. The technical support lies between 1956 down to 1853. Cracking that level would point to a gap in technical support down to 1820 area. With the weak close on Friday, Panic Cycle next week followed by a Directional Change the week after with rising volatility thereafter into late June, then a two-week correction now would be better suited for the broader trend ahead. Support next week lies at 1970-1965. Crack that and we should get a pullback.

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