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Auxusd

Gold is running out of Steam... The Winter is coming Gold and Silver tend to follow seasonal patterns. If you have been in this market long you know this is a painful time of year for stackers and longs. Although I am a long term bull, a healthy pull back to 1260-1250 is eminent. We might climb to 1300... but we will come down. Down below if 1250 does not hold gold will fall straight through to 1235-1205. It is important to bear in mind that gold and silver are heavily shorted. There is a lot of downward pressure on precious metals. The charts can be deceiving but the trend is your friend
FX:XAUUSD
by mcgough_max
Gold outperforms the Yen in 2017The central banks essentially have unlimited power to prop up the stock and bond markets. In the past, Stanley Druckenmiller found that the loss of liquidity caused stock market crashes. The central banks learned from this and just keep injecting more liquidity to prop up the markets in the face of insurmountable debt loads. The Bank of Japan buys both bonds (quantitative easing = QE) and stocks. The European Central Bank buys bonds. The US has stopped buying bonds for now. Not only are the bonds and stocks in a bubble, the central bank balance sheets are also in a bubble. Mr. Druckenmiller sold all of his gold the night of president Trump's election in November, 2016, and reentered gold in February, 2017 (source Forbes). Many economists and traders predict inflation (gold rising) while Harry Dent predicts deflation (everything falling including gold). I am long GDX.
TVC:GOLDLong
by haug01