History repeats.
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I can't trade gold stocks when the dollar isn't confirming the trade.
Its the foundation to my trading at this point. I trade charts too, but like the fundamentals on my side as well. It gives me confidence and comfort with my trades.
Dollar going much higher soon.
Gold will be headed lower soon.
Miners will panic harder then the metals.
Until gold decouples from the dollar or miners get down to ridiculous levels. I can't join the trade. Overwhelming majority of retail still feels safer with dollars rather then gold. Don't get me wrong I hold a lot of gold, but I hold more cash. Waiting for that right moment.
People need to look at what has happened to gold everytime there was a REAL panic and ask themselves what will the miners do when gold falls again..
Need to see that decoupling first.(safe)
Building wealth not gambling. ;^)
Yes sir. Today was a day for retail to fall into the bull trap in the markets. We could even go lower here, but very doubtful. Just wait for it. $JDST will EXPLODE. Once all the inexperienced retail fall over each other trying to sell on the next panic.($) This will be one of those trades that will surprise you how high it will get. HOLD STRONG.
It's coming. I'm preparing for it.
Glta
$JNUG Buy after the panic not b4.. ;^)
$JDST Holding.
I bought lower and added today. This is headed to 5+ WHEN the miners implode.
Buy the miners AFTER the implosion, not before.. ;^)
Dollar will explode soon. Gold, miners, and the markets will implode once market panic resumes. Watch..
https://www.marketwatch.com/investing/index/dxy
https://www.kitco.com/
https://www.cnbc.com/us-markets/
Glta
$JNUG Yeah basing..
Base jumping. Lol 10% tech hop followed by a HUGE sell off to come..
(Bull trap)
Gold will break down when the dollar explodes off the market panic.(Just like last time except bigger)
Miners will implode again.(not immune from this virus and indiscriminate selling once panic resumes)
Buy $JNUG below 2$..
Buy $GDXJ below 20$..
Follow the dollar(s). Not pennies.. ;^)
https://www.marketwatch.com/investing/index/dxy
Glta
Yeah basing..
Base jumping. ;^) Lol
(Bull trap)
Gold will break down when the dollar explodes off the market panic.(just like last time except bigger)
Miners will implode again.(not immune from this virus and indiscriminate selling once panic resumes)
Buy $JNUG below 2$..
Buy $GDXJ below 20$..
Follow the dollar(s).
Glta
$JDST Moment of truth; I held STRONG. ;^)
Will the miners be affected by the virus and/or indiscriminate panic selling..?
Will I have to sell for a small gain due to a tech break down, or a huge one due to a break of the top of the triangle..?(immediate term)
Near term this breaks 5.
Dollar($DXY) looks ready to break higher now that the market is breaking down. Will gold and the dollar rally. Not in my opinion. We'll see if gold falls in the immediate term..
https://www.marketwatch.com/investing/index/dxy
glta
It's not luck, it's gut. ;^) gtly
Could be good times ahead, but only for $UVXY traders..
https://www.cnbc.com/2020/03/30/coronavirus-job-losses-could-total-47-million-unemployment-rate-of-32percent-fed-says.html
Could tap 40 in the short term first.
Glta
Shorts are covering from their gain from 7 at 3.9 support. Very little technical/fundamental buying. $JNUG sees support again leading to a break.
$JDST will be retesting recent highs with a slight pullback.(coiling) Then take off..
Dollar headed higher, Markets headed lower, metals & miners headed lower.
All my opinion. We will see in time.
Glta
$JNUG Taking a technical breather before a LARGE move lower imo..
Get ready.($JDST Buy this dip) ;^)
Dollar rally coming. $JNUG, GOLD, & $GDXJ fall near term imo. $JNUG, GOLD, MARKETS, & $GDXJ just back testing their support break which gives $JDST time to coil for the resistance break at 2.8.(Ascending triangle coming for $JDST)
Plus markets will FALL tomorrow.
Glta
Not if dollar($DXY) bounces and Markets break down, $GDXJ, and $GOLD break support.
$JDST would explode if this happens.
Holding, and will buy the dip if need be, this market doesn't have much room to the upside. #Corona
If we end near the highs of the day and gold is down by beginning of the day tomorrow. Then tomorrow should be NICE.. ;^)
glta
$JDST Looks like a bear trap at 2.69 should squeze us higher EOD.
$GDXJ/$GOLD about to break support..?
I usually get out if there's hesitation, but I'll hold(Since I know this will be HIGHER). ;^)
Dollar bouncing still, but looks like it could POSSIBLY(good for gold) go lower immediate term, but I think it goes higher near term.
Markets testing top of fake bull flag. Will they go higher or will panic start again?(Make or break moment)
Glta
Looks good, but in the short term miners will sell off with the markets.
Load them after this last panic.
(Panic could be dramatic)
$JDST I bought at 2.25 and 2.15.(Thanks for the shares)
See everyone much, much higher soon. ;^)
Dollar will rally, markets will resume fall, gold and miners will follow lower in the short term with the indiscriminate selling on panics.
LOAD physical gold/silver and the miners on this last move lower.
glta
Initial claims(Unemployment)
https://fred.stlouisfed.org/series/ICSA
TED Spread(Leading indicator of bank stress)
https://fred.stlouisfed.org/series/TEDRATE/
Comes from everyone that holds dollars in their pocket LONG TERM, but $DXY will rally one last time BIG.
Markets sell on news situation next week (https://www.cnn.com/2020/03/27/politics/coronavirus-stimulus-house-vote/index.html)
Panic set to resume(Including in the metals/mining sector) and everyone will rush into the dollar for one last BIG mistake..
I was wrong in thinking the overall markets would bounce further.
Could be one last dip here next week, but after that $UVXY begins to move again.
Trade accordingly.
Glta
Watch this. 'Fed' balance sheet about to explode.($UVXY dips one more time)
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
('FED' pumping a TEMPORARY, maybe a week, bottom in broader markets; UVXY lower/supports will be tested)
$GOLD Is looking ready to rally soon.($DXY about to fall)
Gold bull flag set to break to the upside.(Miners rebound HARD/market moves a bit higher)
Glta
Not forever, but in the very near term you could be right.
Glty
Gotcha. In the end we're on the same page. We're just talking about halfway through this page.
But I honestly see at minimum $1400 gold. Then it goes up and doesn't stop.
Glty; scary times.
I guess we WILL see.(I'm stupid)
I have serious $ involved.
glty
$UVXY One last dip in volatility before we start to move again.
GET READY.(Buy dips)
glta
True lower cost for production and higher metal prices will cause miners to explode, but miners are coupled with the overall markets atm and oil could easily go lower. Hell even gold is tied to the markets. When market panic resumes so will miner panic.
I'm watching gold closely for a decoupling from the markets, but don't see it.(75% chance gold tanks with the market once panic resumes, which means 90% chance the miner fall)
https://www.msn.com/en-us/news/us/the-us-now-leads-the-world-in-confirmed-coronavirus-cases/ar-BB11LlDh
The dollar will have it's last rally soon.(once panic resumes)
Now it's possible that gold/silver physical bullion supplies dwindle and by the time the paper market bottoms there's no bullion to buy.(This is why you should already have some) Ppl don't realize how much the comex manipulates the physical(real) commodities markets..
https://www.commoditytrademantra.com/silver-trading-news/no-end-in-sight-to-jpmorgans-comex-silver-price-manipulation/
https://investmentresearchdynamics.com/tag/comex-manipulation/
Once panic stops, thinking gold around 1300-1350, and miners crash($GDX around $14, maybe lower). Everyone will be looking around for value. Gold will be the only thing worth buying and EVERYONE will buy.(Gold 3k+ easy)This is when the dollar CRASHES and everyone is in very big trouble.(Even the rich)
Now miners will be heading higher with markets and gold in the very near term, but this is the NEAR TERM.
Trade accordingly or pay dearly.
glta
$GOLD Will be higher.
Nice you must be rich.
Dollar($DXY) still falling, $GOLD still moving up, Market($DJX,$NDX, & $SPY) still bouncing, Volatilty($VIX & $UVXY) falling, and $GDXJ will break 35, $JNUG will break 7, and $JDST will collapse..
Shorting here would be a GAMBLE, nothing more.
Won't deny that miners might pullback a bit, but resistance will be broken in the mining sector when gold tests/brakes 1700.(There are trillions of reasons..)
When the fed says they will spend whatever it takes believe them.
https://www.cnbc.com/2020/03/23/fed-announces-a-slew-of-new-programs-to-help-markets-including-open-ended-asset-purchases.html
Plus the over 2 trillion relief bill to bail out people that don't have any savings and tons of debt as well as the over leveraged zombie companies that wouldn't exist w/o the 'fed' in the first place.
https://justthenews.com/government/congress/wheres-bill-full-text-stimulus-hasnt-been-released-vote-expected-today
Learn to trade FA, but know the TA.
glta
Reason dollar will fall in the near term is not only technicals, but the fed is inflating trillions.
The markets will bounce through hope/ignorance and gold($JNUG) will rally, but fall once the indescriminate selling starts again. That's when there will be the last real rush into the dollar.
Dollar and gold have inverse relationship most of the time.
When the fed says they will spend whatever it takes believe them.
https://www.cnbc.com/2020/03/23/fed-announces-a-slew-of-new-programs-to-help-markets-including-open-ended-asset-purchases.html
Plus the over 2 trillion relief bill to bail out people that don't have any savings and tons of debt as well as the over leveraged zombie companies that wouldn't exist w/o the 'fed' in the first place.
https://justthenews.com/government/congress/wheres-bill-full-text-stimulus-hasnt-been-released-vote-expected-today
Dollar($DXY) bounce is over, markets will reflate a bit more, $GOLD will test close to 1700, $GDXJ will break $35, and $JNUG will have a short squeeze popping to a $15 test.
https://www.marketwatch.com/investing/index/dxy
Shorting here would be DUMB.
After that I see more indescriminate selling causing the dollar to explode for the last time.
That's when gold has its last real sell off to 1350-1300.
Then $GOLD goes up and doesn't stop.
Mark it.
$JNUG Much, much more ahead for this stock on this market bounce.
Bull flags everywhere.
Glty
Scary times bud and ppl with an actual instinct will have to go into hiding or sacrifice, unless this country wakes up quickly..
Glty and have a good night knowing we're going to make wealth, not dollars, trading the sh!t out of this volatility..
Watch $GDXJ for the $35 break,
Might pullback a bit, but watch when it breaks through. ($JNUG)
This is when BIG $ flows in.. ;^)
HOLD
$JNUG Just wait until we break $7.50.. ;^)
GET READY.