Well I think we saw by todays' super-selloff, just how intently The Black Gap has been on the streets' mind......
Never quite finished post 35632 (ran out of editing time)
Where I was sayin'.....
One of my key indicators (or warning signs), has long-been Barricks $ 40 Level
Also known as their New York $ 30 Level
Almost there already it seems......but it could go sub-1900 ?
That could send Barrick down to its' (*see top chart) $ 30 Level
It's weird how today the US Dollar was down so, the selloff wasn't caused by a rising dollar (at least not yet)
Was largely (I imagine) just profit-taking.....where, who could say hey, - why not ?
The Silvers may have gotten just a wee-bit ahead of themselves
This from a couple of weeks? ago (before it broke thru 2000)
So......What'd'ya' figure - Is that Red gonna play out ?....
Probably yeah (I would think so myself)...... That what we witnessed today was the streets effort to flush out longs (same as they did during the Pandemic Lows)
GLENO34 Tuesday, 08/11/20 04:18:36 PM Re: 2H2 post# 26395 0 Post # of 26404
2001.34 is the Target , the 10EMA..I do not trade metals and have not really followed the price but my CCI system calls for a move to the 10EMA...FWIW..
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