This is a WEEKLY chart. Look at the magenta box below. You don't see this happen WITHOUT MASSIVE MANIPULATION which, in reality, is a SIGN OF FEAR.
Keep stacking.
The Maestro!
www.themaestroway.com
This is a WEEKLY chart. Look at the magenta box below. You don't see this happen WITHOUT MASSIVE MANIPULATION which, in reality, is a SIGN OF FEAR.
Keep stacking.
The Maestro!
www.themaestroway.com
Brian, can you upload the chart again pls. the picture doesn't load...
Having some difficulty posting today.
thank you. now it works.
Great.
The manipulation story is only when gold &silver are selling off. When the algos are pushing gold & silver up it´s organic. Manipulation can go both ways.
I absolutely agree. I work hard avoiding the term. But you have to admit, TG, when the moving avg's literally look like they're turning on a dime, you cannot avoid using the term. TWICE within the past three months, silver's 50/200dma crossover was avoided (saved, you might say) by dumping silver contracts. You can see what I'm talking about, right?
An old gap on silver from November of 1971 has not been filled. This is why trading gaps can be dangerous. Sometimes they never fill of take years to fill. https://www.tradingview.com/x/xyr8tWnI/
This is just a dream, silver at 1.335 would be a screaming buy. The funny part, most would be so shell shocked to buy after getting creamed, if silver ever traded this low.
I do not use moving averages in my trading. I believe its more of the algos going after the easy stops. When everyone gets bullish the algos create a stop run, resulting on margin calls, covering, it gets messy. gold and silver contracts can change hands many times in a day when price get volatile. Look at the 1970´s rally, the Hunt Brothers tried to corner the market. The bulls did not complain about that. From the 2009 lows to 2011 highs, I noticed some massive daily rallies. Not one person complained when silver and gold rallied just as hard when it crashes. I believe the manipulation is both ways and it´s the algos manipulating the markets.
Trader of Futures (Ernie), one of Greg´s friend´s is a professional trader, he trades money for other people. Ernie made a video on how the death and golden cross fail just as much as they work. When they do work we give power to them.
I could be wrong, just my pov.
I think gold can go lower as long as resistance holds. Call it manipulation, but the fact remains, big money has a lot more than us, it´s a useless fight to try to beat them. You will lose just about everytime. https://www.tradingview.com/x/XHOJH5Lf/ Gold likes to trade in channels. https://www.tradingview.com/x/pIC1Lg4i/
https://www.tradingview.com/x/pIC1Lg4i/
When it goes it will be historic