So it doesn’t look like @federalreserve can stop #2ndwave (which looks more like 1st wave doing a #FibonacciTrading 23% pullback before exploding up another 161%)

eand.co/america-surren… Image
And it doesn’t look like @federalreserve can stop the #insolvency and #bankruptcy phase... The last 6 months had the most filings since 2009

bloomberg.com/news/articles/…
Does that mean has enough justification to jump higher? Or does it need still more #QE? Or Fed to start buying #stocks? Or maybe It needs more consolidation / lower ATR?

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More from @myprecious999

Sep 30, 2020
Government #gold #silver price manipulation

-explained by #Gold Anti-Trust Action Committee (#GATA) during #SilverFest

-refer thread for selected sound bytes

1/ “When GATA got started in 1999 nearly all market participants insisted that the #gold market was not being manipulated... Today most respectable market participants acknowledge that most markets are indeed manipulated by governments”
- 06:10
2/ “In 2001 our consultant extracted from an assistant US attorney that the $Gold Reserve Act of 1934... does indeed empower the US Government to rig the #Gold market
- 05:23
Read 16 tweets
Sep 20, 2020
The problem is it’s liquidity. If the market takes a tumble and traders need to sell down gold to make a margin call.

So the recent news from Investopodia that some people moved money out of gold into stocks may actually be good news for gold... lol
It’s good news because it signals they think there is an equities bull run forming. If equities have a bull run then there won’t be a big sell off in gold to meet margin calls. If you look at 2008 GFC, after the stock market stabilized both stocks and gold went up
Read 4 tweets
Aug 19, 2020
Who wants to load up more ?

(1) We are giving away 5 lifetime memberships to our website for free, which includes member benefit to get discounted bullion with a bullion dealer in Singapore. International subscribers can choose to store with them if not taking delivery
(2) Preference will be given to people who have been active contributors to our Twitter Channel.
(3) We were going to save these for the official launch of the membership system, but we couldn’t move fast enough to implement it before silver price dropped
Read 5 tweets
Jul 14, 2020
futures have pulled back to key support. Will it hold and burst higher? Or fallback and retest supports? Quarterly earnings reporting in a few days time, we will find out shortly Image
We opened a few new small positions but would be wary about opening more. As @2020Upstream said... the hardest part is to do nothing... and ride a bull, trade a bear. What about you? What do you think?
@RealRickRule thinks Gold is over priced in the near term...
Read 4 tweets

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