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Gold Bugs Squished?I've been talking about Gold COMEX:GC1! hitting a major high for my last two Livestreams (catch them Friday at 4pm Eastern after the market close). The current price action warrants a standalone post. Each Livestream for many months has had at least one person ask what I thought about Gold. It was very simple: Gold was trending UP to test the major Monthly highs. In many of my social market chats about two weeks ago my gold bug friends began getting very excited. I urged caution. Price MUST break the high and confirm the breakout before getting long at this major Resistance Level. Now it looks as of gold price is respecting this monthly high from the last few years. To be contrarian I had to short Gold (using AMEX:GLD ) based upon a Spike setup from Friday May 5th's high. Last week price pulled back and "should have gone" to retest and break the high. It did not and returned back inside the range. This sets up a short. I also know from taking market sentiment that a lot of traders may have gotten a bit overly optimistic. This could setup for a good pullback to at least the 1850 Level.
COMEX:GC1!Short
by norok
1
Gold Futures (GC) Weekly is Bull Flagging, But.....Gold is currently in a flag similar to that experienced last March and April. Last year's flag broke down, very unusual for this formation (normally it is a continuation pattern). Most likely the breakdown can be explained by the strong ramp up in the dollar index last year. Also, gold seasonality is usually weakest starting in April - June. This flag is very tight, and being very near the all time high of 2089.20 at the flag peak of 2085.4 -- so I am biased in thinking that this flag may not reverse, even should DXY show strength. Of course, there are numerous geopolitical and other macro events which can have a positive effect on gold, if they create uncertainty. Key areas to watch. A break below 1985.60 and hold and it will signal another flag breakdown. A break above and hold of 2085.40 (flag peak) and it signifies a bull flag continuation. These are simple areas to watch and are significant.
COMEX:GC1!Long
by UnknownUnicorn13101
1
gold 4 hour say:break red line is new sell signal ICHIMOKU on my chart is for daily chart ,,,,it not important on gold (break trend is king on gold) , ,,,but i want show you 1925 is down target ALERT= on news gold can go up , so put SL on last highs dont pick buy until 1925 area ,,,,buy now is very dangrous ,,,,if you have buys,put SL in today low if you have sell, wait 4-5 day,dont close soon wish you win ,,,,keep wach AC indicator on daily chart ,,,,it say downtrend will start(if last high not break)
FX:XAUUSDShort
by ramin_trader2006
Joe G2H - Selling Gold, huge reversal on the dailyTrade Idea: Selling Gold Reasoning: Major reversal on the daily. Entry Level: 2034 Take Profit Level: 2003.75 Stop Loss: 2048 Risk/Reward: 2.1/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
FOREXCOM:XAUUSDShort
by Signal_Centre
GOLD Update (weekly chart)Do you see how well those Gann fans squared work? -- Gold consolidates at the Gann confluence and either flags to resume is present path along its Gann ray, or it puts in a reversal at the Gann confluence (the crisscrosses of the fan lines). It most often resumes its path along the fan rays. I currently have two possible paths for gold. The first possibility is a fallback from the current level to around 1951.5 on 8/23/23 (downward sloping red arrow). From there. I could see an upward resumption to 2035.5 by 12/26/23. I have two questions about this scenario: 1) Will gold this year follow its historical seasonal tendencies? I'm speaking of gold in US dollars. If gold follows its historical seasonality, it should sell off during the summer months. Historically (from 2004 to 2022) the percentage gold has closed higher each month is as follows: May (47%), June (42%), July (63%), August (63%), Sept (42%). The fourth quarter has historically been bullish for gold. Given this pattern, we would see a selloff around May and June. 2) Is there anything "normal" about this year? We have escalating financial banking stress, potential budget standoffs, geopolitical tensions, and geopolitical forex coalitions being formed. None of these augment well for stability. The second possibility, shown by the upward sloping arrow, is that given current macro tensions, gold will continue its current path and reach 2237 by 12/26/23, and 2407 by 4/29/24. This scenario makes the most sense, from a macro event perspective, as well as the "geometric construct" of the chart -- the current trend should continue to follow along the current ray, which is also aligned to the purple colored Gartley 1.618 extension (which ends at 2407) which is drawn from a starting point of September 2018 (which coincidentally, happens to be the last belt tightening period of the FED). The current point & figure objective is 2596 and is taken from the stockcharts.com P&F chart using a three box construct and based on ATR 14 (you should always use ATR on a P&F chart for commodities like gold). I am in the camp for the second scenario, I believe gold should be around 2237 by year end and around 2407-2596 by April of 2024.
COMEX:GC1!Long
by UnknownUnicorn13101
Gold resistance - testing back below 2klast week was the first weekly close below 2k in GC since the recent breakout. Weekly chart highlights the multi-year range, big question is whether sellers have enough to re-take control of near-term trends this week. I don't doubt that Gold can prod a lasting move above 2k, I just don't think that'll happen until the Fed pivots and I'm not expecting that while Core CPI > 5%. Am tracking a series of resistance levels overhead, 2008 near-term, 2023 above that. 2037, 2049 above that supports 1980, 1954 and then 1944 next week is FOMC and ECB
COMEX:GC1!
by JStanleyFX
Silver SI - A Simple Trendline and Levels ScalpSilver's price action has been curious, as it started to drop suddenly right at the beginning of February. Lost 5% in a day, in fact. Gold took a little bit longer to move, and notably dumped on a much smaller magnitude. I have an open call from mid-January that gold is likely to correct, and it appears to be coming to fruition: Gold GC1 - Discard Greed, Enjoy the Tranquility of Rationality The thesis being that the Nasdaq and tech will moon... Nasdaq NQ QQQ - Reality Will Be a Tough Pill for Permabears And as it does, metals will dump, and once the stock market is exhausted then the pump cycle will rotate back into metals, and things will really go. All that being said, I believe that based on Silver's price action that it's dumped for the purpose of short trapping and liquidating longs and is about to make another move up before silver really starts to head down. A warning on China Since January 10, the Chinese Communist Party has claimed that there has been 0.00 new Wuhan Pneumonia/COVID-19 cases. This comes after news that the country was absolutely sacked by the pandemic after Xi Jinping threw away the disastrous COVID-Zero social credit lockdown blunder. The after effects were so significant that countries like South Korea were suddenly blanketed in difficult-to-explain smog , which may very well have come from mainland cremation furnaces being on full blast. What this tells you is that at any moment, any bullish impulse in markets-at-large can be interrupted by big time pandemic problems, up to and including the USSR-style fall of the CCP. So you have to be careful, and you have to be prepared. Mainstream media is not going to alert you that there's any problems with their darling erstwhile model of the world they want to create: the Chinese Communist Party. They'll leave you ignorant until the disaster is sprung on you like a cantilever and you'll be the one who suffers the regrets. If you have heavy long positions you should really hedge with 60+ day 10% OTM puts on the indexes/index ETFs. The call To understand silver, we have to look at the long term price action. Monthly We're dealing with a _very_ wide dealing range between $30 and $12~. '22's low of the year was only $17.50, and any very very bearish scenario below that could see as low as $13. I have reservations that we see $13. I think that in reality a bear impulse on silver might only go as low as $15, and not for very long. On weekly bars, the present situation is more obvious. Weekly We're dealing with a 10+% pullback with both a trendline and the $25 algorithmic/psychological operation figure that went untouched. Not only did $25 go untouched, but they set a double top there before the curiously-timed dump that gold did not follow. Thus, I believe that what the market makers have set up to do is to raid the $25.50 level, perhaps in the period around Tuesday's CPI and into the end of February, before silver retreats back towards $18. The iShares Silver Trust $SLV likewise set a double top, failing to raid the previous daily high by 2 cents. All the stars are aligning, so to speak, and makes a fine trade long over $25 in anticipation of a Lyft-style fakey trendline breakout: LYFT - Buy the Dip, Ride the Lift $22 --> $25.5 is close enough to 15% and in a time horizon that should manifest before February is out. This play will also knock out a ton of short sellers, while bringing in a lot of momentum traders who like to buy highs. The MMs may also use this to drag in the fools who think that the USD is done and that their bullion will reign supreme, despite us living in an era when every central bank wants to install its own digital currency and its own CCP-style social credit system. And thus, if this pump does manifest, you have to mind your greed. Over $25 is a sell and you want to see big manipulation to the downside, because when this Party is very close to being finished, $50+ silver is legitimately coming.
COMEX:SI1!Long
by LordWrymouth
3
Gold - $2,000 Is ImminentGood news for goldbugs: GC Gold futures is projected to take out $2,000. Bad news for goldbugs: I still believe that both price action and fundamentals are short/medium-term bearish on gold and that this swing will amount to an exit pump before lower prices forecast in the below post are achieved. Gold GC1 - Discard Greed, Enjoy the Tranquility of Rationality I also believe that Silver is about to rip over $25 for roughly the same reason Silver SI - A Simple Trendline and Levels Scalp And oil to $88 WTI Crude - Step 1) $88 --> Step 2) $5 Some key fundamentals on gold is that the Chinese Communist Party has been accumulating. I've heard that central banks tend to accumulate gold when their economy is in severe trouble and they want to make a bad situation look good. This is also a classic play in the CCP toolkit, trying to appear as if everything is great and the Party is very smart and stable even as tens of millions of citizens and technicians have died from the pandemic. Another reason for amassing gold is to convert foreign reserves/national currency into something they can trade for oil on the dark market. The CCP is not in a good situation. If you look at the stats the Party is reporting, they say that Wuhan Pneumonia (COVID) has totally disappeared from the country since Jan. 10. Not a single case, not a single death in two months, if you believe what the least credible regime on the planet has to say, at least, it's really a miracle. But you should never believe anything the CCP says. The Party is addicted to lying. There's data that says the Shanghai vault saw 140 tonnes leave in January, the largest withdrawal since 2018. Some analysis says the CCP has over 4,300 tonnes of gold in reality, twice as much as they report, making them the second largest holder behind the United States. So this tells us that the US is the market maker and the CCP, a crumbling regime that is the government of the one country everyone wants to seize control of, has decided to take a huge position, and at relatively high prices. There's good reason to believe, then, that the US has +alpha to be gained from dumping gold. But first, the MM and its custom algorithms need to take out the shortsellers who have stops above the $1,975 pivot and the buyers who will go long over the $2,000 psychological level while dreaming of a new all time high. The CCP is going to fall soon. But the skeletons in its closet from the 23.5 year long persecution and genocide against Falun Gong linger like a guillotine over not only its head, but over the heads of all the governments and corporations that have supported the Party and helped it to survive all these years. This means that the wish for China's opponents is to ensure a controlled demolition of the Party so that the truth of what's been going on all these years can be buried. The problem with getting ahead of ourselves based on last week's price action in terms of a long is that it's the beginning of the month and gold already went up 3%. So, in my opinion, I'm looking for a pullback into the $1,820 range to go long and with a target slightly over $2,000. Time horizon is by early April. Monthly candles show that February was an outside bar: Daily <--> 4H <--> 1H candles show that February took out its low of the month right at the end of the month as well. So ultimately, I expect the February low to hold, so long as I'm reading it right and price action is actually bullish, and so long as the fundamentals overall are actually bearish. And there's no reason to be immediately bearish. Although price was rather abruptly rejected at $1,975, on the way up, there were no pivots or imbalances created. The pivot was just drawn at $1,810~. We can tell this because last week's candle was also an outside bar. What I'm thinking is going to happen is that $2,000 will be achieved to clear out shorts and to trap breakout longs and hysterical top buyers. After that, the US market maker will dump metals hard to put greater economic pressure on Xi Jinping's PBOC and CCP as the world attempts to make the Party fall so that they can invade China and establish globalism, which will lead to real worldwide communism. Think of dumping metals as something of a soft sanction against China and Russia. The idea of globalism is to have the CCP's social credit scheme become standardized everywhere on the planet, and then humanity will live in a two class system: one where there is a very small group of Gates/Clinton-type elites who lord from their "holy" ivory towers over a very large garbage dump of slaves scurrying around for scraps. This is the plan. But over the very long course of history, a lot of governments and organizations have attempted to take over the world. World government has never worked out, and has always ended in disaster. Disaster, followed by a change of scenery. This is why we find buildings from old cultures at the bottom of the ocean and buried in the Earth. Be careful, and good luck.
COMEX:GC1!Long
by LordWrymouth
2
GC Trade UpdatesRecap on my position on the GOLD (GC) that I have in my portfolio with the physically replicated ETC XAD1 on the Frankfurt stock exchange. From WS Italy: Ole Hansen, Head of Commodities Strategy at Saxo Bank, said: “Overall, we expect a favorable 2023 for the gold market, supported by recession and equity market devaluation risks: an eventual peak in central bank rates combined with the prospect of a weaker dollar and inflation that does not return to the expected level of less than 3% within the year. Furthermore, the de-dollarisation observed by several central banks last year, when a record amount of gold was bought, looks set to continue. As often happens, the market has already “discounted” even if specifically it would be better to say “appreciated” what happened in the previous months, the threat of recession, and above all the recent banking crisis of SVB and Credit Suisse (imminent acquisition by UBS) . All in all, I think it’s time to rebalance a position in profit of almost 10%. I will take home part of the profits, aware of the fact that, as said by the analyst, gold could still go up. We are not talking about an index, but a commodity, which has historically exceeded 2000$ an ounce and has even dropped significantly. I sell part of the position waiting for better times for other purchases. As always, I leave you with Warren Buffett‘s quote: “We simply try to be afraid when others are greedy and to be greedy only when others are afraid” Keep moving forward! Happy trading Lazy Bull
COMEX:GC1!
by LazyBull5
Gold (XAUUSD) Elliott Wave Bullish Sequence Favors HigherGold (XAUUSD) broke above the previous peak on February 2, 2023 at 1959.74. It shows a bullish sequence from 9.28.2022 low favoring further upside. A 100% – 161.8% Fibonacci extension from 9.28.2022 low targets 2148 – 2360 to the upside. Near term, cycle from 2.28.2023 low is currently in progress as a 5 waves impulse Elliott Wave structure. Up from 2.28.2023 low, wave 1 ended at 1858.33 and dips in wave 2 ended at 1809. The metal extends higher again in wave 3 towards 2009.75. The 1 hour chart below shows pullback in wave 4 ended at 1933.90. Wave 5 higher is now in progress with subdivision as another impulse in lesser degree. Up from 4, wave ((i)) ended at 2003.28 and pullback in wave ((ii)) ended at 1943.70. Up from there, wave (i) ended at 1987.57, wave (ii) ended at 1949.30. Gold then extends higher in wave (iii) towards 2032.13 and dips in wave (iv) is proposed complete at 2000.50. Expect Gold to extend higher in wave (v) to complete wave ((iii)), then it should pullback in wave ((iv)) before the rally resumes. Near term, as far as pivot at 1933.64 low stays intact, expect dips to find support in 3, 7, 11 swing for further upside.
FOREXCOM:XAUUSD
by Elliottwave-Forecast
1
Gold decoupling from stocks is a positive signOn Monday, gold broke above $2 000, making a new high at $2 009.85. Unfortunately, gold erased its gains the next day and plunged as low as $1 934.34. Although this drop did not last long either, and after the FOMC, gold skyrocketed back above $2 000. Currently, it trades near the $1 990 price tag. In the long term, we continue to be bullish on XAUUSD. However, we expect it to remain highly erratic as investors might cash out their profits in order to cover their losses in the stock market (once the selloff speeds up). Therefore, we will closely monitor gold’s price action in the following days; seeing gold decoupling from the stock market will be a positive sign. Illustration 1.01 Illustration 1.01 shows the daily chart of XAUUSD. It also displays simple support/resistance levels. Technical analysis Daily = Bullish Weekly = Bullish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDLong
by Tradersweekly
21
Market Structure Broken on GoldA continued decrease in the value of GOLD is anticipated, which recently experienced a rise from $1620 to $1970 price levels between November 2022 and February 2023. GC shows signs of weakness and is likely to continue to head lower, as indicated by the strong rejection of the $1970 price level. The strategy involves a weak correction upward towards the MSS line, followed by a sell-off targeting the $1864 bullish order block. If the trend persists and the order block fails, then the sell-off is likely to continue toward sellside liquidity below the order block as a secondary intermediate term objective shooting for $1830. Further potential targets include $1804, $1793, and $1778 levels after that. Ideally this play I would like to see with large range candles slicing through with relative ease. If the retrace toward the MSS line breaks the $1975 high, then the trade idea will be invalidated.
COMEX:GC1!Short
by DenisRisticFX
2
gold 4hour : as i predict gold reach fibo 61%...for coming week:gold can 2-3 day range,zigzag (or little go down) then start wave 2 to fibo61% daily ( dont pick sell,it can go up directly too, gold is very trendy) only under red arrow i show on chart we can pick sell after sell pibar comes ok? (never open reverse position on gold without pinbar (1h-4h-daily) verfy see AC indiator on daily chart ,it is green this mean 90% we will see uptrend too in next 10 day in up we have 2 very very important support (see daily chart exatly) BAD SCENARIO = if gold can break pinbar low and sma200 1hour can go downer(need big bad news) if you have old sell against my analyse,you must close all(or hedge) in 1850,,, personally i belive gold going to 2050 then 2400 in next 7-8 month wish you win , if you dont have buy wait for buy pinbar (i have open buys from low with tp=1900) www.tradingview.com
FX:XAUUSDLong
by ramin_trader2006
3
Have Gold and Silver bottomed? What do charts tell us?Gold has had a very healthy pullback into a critical zone. Last year it had a significant move down, took out all the lows around 1700, and bounced hard. Despite interest rates and the US Dollar being much higher than 1-2 years ago, Gold has held extremely well. After its rally since its November bottom, it finally pulled back and got into crucial support. To me, it's critical support because that's where the market topped before the last leg down, and a level around which it chopped for a while before breaking out at the beginning of the year. These levels are also crucial because they acted as resistance in 2011-2012, while this is an area the market traded at for a long time. Gold went in a relatively short period, from oversold, to overbought to back into a fair price (all on the weekly chart timeframe). It looks like it will aim for the 2100 level to sweep the double top that formed right after the Russian invasion, as the current structure doesn't look bearish. It feels pretty unlikely that we will get prices lower than 1700 before we take out the highs first. I would consider a close below 1700 a significantly bearish signal, but until then, I see the market as bullish. As it is now at the yearly pivot, it might have one last dip to fill some of the gaps lower and then start aiming for all the higher gaps, along with the double top, as such blatant double tops tend to be broken. Silver seems to be in a somewhat similar position. Silver has a double top created much more recently and has significant gaps to the upside. In my previous ideas, I discussed Silver going up to 24 and topping around that level. My longs worked, but I never shorted, and I am okay that I didn't because it took the trade a long time to work. Timing in trading matters, and you can't be in a short trade like this for too long. In this case, the market bottomed at massive support, bounced, had a healthy correction, and is now getting closer to support again. The chart is somewhat weird, but I doubt we will see much lower prices before seeing new highs. Both for Gold and Silver, I thought lower prices were possible, but until I see a liquidity crisis begin, I can't call for much lower prices. Both formed excellent bases, especially Silver. Gold to 1300-1400 and Silver to 14-16$ before going higher isn't impossible. However, given what's happening with inflation and the financial system, I doubt it will happen. China and Russia are buying Gold; long-term inflation won't get under control, and the risk of a significant financial crisis is looming. I would say that silver doesn't seem to be in a good situation, mainly due to its industrial demand being heavily impacted and the fact that central banks would only buy gold, not silver. So what's the bull case here for gold and silver? 1. Liquidity cycle turned up. Dollar and rates will come down while money will keep flowing. 2. Tensions among countries leading countries/investors to neutral alternatives. 3. Hedges in case of escalating crises of all sorts. It's possible that due to all the material and labor shortages, investing in stocks isn't ideal. Investing in commodities like Copper might be a better alternative, given their importance in a rapidly changing global economy. Gold and Silver might do very well in an environment of many negative changes but might not outperform some commodities that face major shortages. Below we can see the nice bounce of Copper off support and its clean reclaim of the Yearly pivot. For example, Copper could be one of the great beneficiaries of the transition to the green economy and the Chinese reopening.
OANDA:XAUUSDLong
by BitcoinMacro
Gold GC1 - Discard Greed, Enjoy the Tranquility of RationalityGold is one of those things that has always made humans go mad with greed. There's a deeper reason for this that people can't quite grasp on the surface, but the metal has significant inner meaning for many cultures, families, societies, and belief systems. I've heard over the last few weeks that the Chinese Communist Party has been buying tons and tons of gold, and this news has been used to drive the price back to that $1,923 ATH, which for many years, nobody thought would ever come again, and then happened again after COVID, and then was lost. But you should always remember when a government and a central bank is in trouble, and the CCP is in significant trouble with the damage Wuhan Pneumonia and Xi Jinping's worthless "Zero COVID" social credit persecution of his own people has wrought to the Chinese economy, they tend to buy a lot of gold in an effort to make the situation look "totally great." But gold is hard to trade for critical commodities like oil and food, and USD still reigns supreme, whether you like it or not. Of all regimes, the worthless and wicked CCP is the one you want to trust the least. Really, those rogues are the ones you ought have so little faith in that you totally oppose them and cheer on their annihilation. Never forget these words: 'China' is not 'the CCP'. Moreover, Washington/NATO are also not a big fan of Xi's control of the Party. When a whale takes a big speculative cash position, those who count as "Gods" are given an opportunity to dump it in the other direction, forcing their opponent to sell huge quantities of bullion at a loss. Xi and his beloved CCP barely even count as whales at this point in history. They're about as much of a "whale" as Sam Bankman-Fried and FTX were. Think that one over. Moreover, Jim Cramer said in July of 2022 that gold "is one of three things that 'holds its value in a recession.'" Well, gold followed everything else to dump during 2020 COVID hysteria, and it lost 30% of its value during the '08 Financial Crisis too. Here's the problem with gold making a new all-time high this easily: 1. When gold makes a new $2,100+ ATH, it should really take off for a "commodities supercycle" like wheat, copper, soy, corn did last year. 2. Gold's trading to the $1,630 range was merely a gap fill from the April COVID rebound run 3. $1,630 is still $100 above total long-term range equilibrium 3 (b). This means a new ATH now would indicate a stop raid followed by an eternal dump. Possible, but not very likely at this point in history. What I believe will happen is this: Gold will run $1,940 - $1,960, sweeping breakout traders and goldbugs, and finally get hard rejected Gold will pretty much straight line dumpster fire towards a price that is worse than the $1,569 range equilibrium Nasdaq and tech stocks are going to rally so hard that some items like Tesla, Apple, and probably the index itself, are going to form a Bump and Run Reversal Commodities dump as equities are used to draw in "err'body" because they're the only thing going uppy since oil is dumpin' Gold will start to rally once the stocks that draw in retail dead money are topping and are being distributed Gold, oil, and natural gas will go hard as equities begin to languish and correct $3,100 gold will be the signal that every market has met its fated end In terms of timing, the Bank of Japan does its monetary policy thing on Tuesday, and with how much Yen it has had to print to maintain the (all new) 0.50% cap on 10Y bonds, we can expect they will be forced to relax Yield Curve Control again, probably to 1% Imo, this will cause markets to dump and arguably be choppy, but on the recovery/bull side heading into Feb. 1 FOMC. Markets will feign "indecisive" until Feb. 1 FOMC, which is likely to be a 0.25% FFR hike, triggering a mega rally in equities, a rally which commodities stop tracking. All of the above amounts to an exit rally for Japan's old money, which is a simply fundamental driver in the equities market as one of the most liquid populous seeks yield that its own central bank has refused for years to offer. When the 10Y JGB yield is 1.5% Japanese money will leave US equities and start buying its own bonds. YCC will ultimately be relaxed way beyond 1.5%. Once the markets start to dump is likely to be in the middle of the year when the Federal Reserve finally pivots on interest rates. Contrary to the narrative espoused, major market corrections have often followed a Fed pivot, so long as it occurs when the market isn't embroiled in GFC/COVID chaos. The caveat to all this is that if the Chinese Communist Party were to collapse, because of a combination of Xi Jinping is an idiot and the Wuhan Pneumonia pandemic inside China reveals itself to mankind as totally out of control, then everything that has been planned to break both bulls and bears alike will be sharply truncated by a 2,000 point Monday morning SPX gap down. Gold, oil, natural gas, equities, bonds, everything will die like the FTX token did. Nothing will bounce. It's very dangerous. It's very hard to avoid. When people are "bullish on China," what they really mean is that they're bullish on the CCP. This is the hallmark of a total fool. Don't be that imbecile. What a truly wise man does is to make as much cash as possible in lieu of the day that the evil Communist Party and its organ harvesting of Falun Gong and Uyghurs collapses. That is the day you invest in "China" and its 5,000 years of dynasties, its traditional culture, and the Divine path. If you can do that, you'll make Warren Buffett look like a blip on the radar in history. For real.
COMEX:GC1!Short
by LordWrymouth
3