Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (213931)	4/28/2025 4:54:45 AM
From: TobagoJack	Read Replies (2) \| Respond to of 218169

downside 2500? upside depends on time horizon

To: Julius Wong who wrote (213931)	4/28/2025 6:01:32 AM
From: TobagoJack	Read Replies (2) \| Respond to of 218169

To: Julius Wong who wrote (213931)	4/28/2025 7:06:34 AM
From: TobagoJack	Respond to of 218169

Re <<Gold>> … from behind the curtain … zerohedge.com Gold Hangover BY THE MARKET EAR MONDAY, APR 28, 2025 - 17:55 Life after ATH Gold is reeling after an explosive rally, shedding over $200 from it's all-time highs. What started as a textbook pullback is now testing key support levels — and momentum players are getting nervous. Gold technicals Gold is down some $215 from the ATH print we saw a few sessions ago. So far this is just a much needed pullback. Supports to watch: $3200, this is where the 21 day comes in. After that comes the short term trend line and the 50 day, currently another $200ish lower. Resistance around the $3450 area. Source: Refinitiv Less overbought... ...but far from oversold. Source: Refinitiv The overshoot Gold overshooting the 200 day moving average in an extreme fashion has led to rather aggressive "local pullbacks", according to Nomura's McElligott. Source: Refinitiv Source: Nomura "Somebody" Somebody stopped selling Treasuries and loading up on gold, at least briefly. Source: Refinitiv That "somebody"... ...stopped puking dollars and gold reversed lower. Source: Refinitiv Reducing CTAs shaving off some of that gold long. Source: DB Downside convexity CTA projections has momentum chasers as potentially aggressive sellers of gold. Source: BofA The hedge VIX isn't "cheap" when zooming out, but is starting to look like the relatively more attractive short term hedge compared to gold. Source: Refinitiv Almost gone The gap between gold and BTC is almost gone... Source: Refinitiv Some love it Monthly gold demand by China gold ETFs exploding to the upside. Source: Jefferies Some refuse it Latest update shows gold net non commercials at the lowest levels in more than a year. Treat this as a massive "implied" bid, or a big warning sign?