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GLD

Silver is in short term consolidation before breaking $30It doesn't matter what short term paper contracts do, or taking profits - the East is importing gold and silver at a beguiling rate that won't allow for much shenanigans for the metals market. I was however surprised to see the price bounce exactly off the top of the box. I see silver going down to $24 area, shake out some hands, and rocket up past $30 after options expiration date. I see a smaller consolidation week in May before going even higher. I HIGHLY recommend Silver Miners right now. They saw some life this week and last - and since they usually lag, I can see them being down for the next two weeks before going up themselves. I like AMEX:SIL , AMEX:SILJ , and NUGT for indices, and NYSE:NEM for the best miner in the world for one simple reason - AMERICA will be the LAST country to nationalize their natural resources in a communistic reaction to the skyrocketing dollar. I expect that to happen starting next year.
AMEX:SLVLong
by EmptyEternity
1
Double Top in Gold That Strangely is Correlated with NividiaDid you know gold and Nividia have an 81% correlation? That's strange. (chart in comments) I see a double top in gold. TTM Squeeze firing on weekly, daily, 4 hourly and it's a continuation of a squeeze on the hourly. TTM Squeeze's usually bounce off the opposite side when it breaks/fakes out. Outside an exogenous event I see pm's taking the summer off and reawakening in the fall when the dollar tops out after the BOJ sells US treasuries after China devalues their currency after the dollar spikes when Europe cuts rates soon. It's going to be an epic chain reaction. The FED will cut rates heading into the election and if Trump wins he'll ride the last meme wave until it crashes and reinstitute a gold standard, or if Biden wins we get CBDC's. I'll be looking for low IV OTM calls in the fall after the FED cuts rates...
AMEX:GLDShort
by EmptyEternity
Here's What You Can Expect On Wall Street & In The Crypto SpaceThere are no surprises with the U.S. dollar, vix, gold, precious metals, commodities, and stocks. Everything is right on track. We are nearing our SPY blow-off top target of 570-600, but we have some time to hit that before the U.S. election charades and the future recession. We'll review these things and then focus on what price action will look like in the coming weeks for the crypto space. Plus, I have added an extra video for my members in which I'll review the current altcoin entries we are in. I'll let you know clearly what my sentiment and strategy is for trading these coins, a few of which have 3-4x targets! Quickly, I believe our local low in the altcoin space is in and we are going to pop soon. Some coins will fare much better than others. I want you in those coins. Let's go!
INDEX:BTCUSDLong
by stewdamus
XAUUSD Spot Gold sell-off may stimulate a rally LONGSpot Gold has fallen 5% since the Middle East conflicts have lessened at least transiently. Other fundamentals like the Chinese government and indeed its citizens as well as the central banks of several nations buying gold in high volumes support price from significantly falling from here. Supported by volume profile specifics as well as the Fibonacci retracement levels reversing the trend down, I see this as a buying opportunity where other dip buyers will hold the price up and support the reversal. I firmly believe that the day will come where prices of the present would be considered a huge bargain. At this time, they are fair value for sure.
OANDA:XAUUSDLong
by AwesomeAvani
Junior Miners will fall 10-20% before catapulting in Mid MayMiners didn't accelerate to the upside like metals because they do better in lower interest rate environments, whereas metals do better for volatility events. You could buy ITM puts here on JNUG, NUGT, GDX or GDXJ and see a good return, or just wait for this to bottom in a couple of weeks and ride the lightning. THIS opportunity is one of the 2 that I see this year where you can buy OTM calls and this will be like Gamestop imo. THIS ISN'T FINANCIAL ADVICE!
AMEX:JNUGLong
by EmptyEternity
China Hoards Gold: 17th Month Buying Spree Fuels Record PricesChina's central bank, the People's Bank of China (PBOC), is on a gold-buying binge. For the 17th consecutive month, the PBOC has added to its gold reserves, further propelling the precious metal to record highs. This relentless buying coincides with a surge in gold prices over the past two months. The rally is fueled by speculation that the US Federal Reserve might loosen its monetary policy in the near future. Lower interest rates tend to make gold, a non-interest-bearing asset, a more attractive investment compared to US Treasuries. China's Strategic Stockpile The PBOC's motivations for accumulating gold are multifaceted. Some experts believe it's a strategic move to diversify China's foreign exchange reserves and reduce dependence on the US dollar. Additionally, gold is seen as a safe haven asset during times of economic or geopolitical uncertainty. A Golden Opportunity or Overheated Market? While China's buying spree and rising prices paint a bullish picture for gold, some analysts caution against excessive optimism. The record highs could be a bubble fueled by speculation, and a potential shift in US monetary policy could trigger a correction. What it Means for Investors The current market volatility presents both opportunities and risks for investors. Those considering adding gold to their portfolios should carefully weigh the potential benefits against the inherent risks associated with a highly volatile market. Disclaimer This article is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any investment decisions.
OANDA:XAUUSDLong
by bryandowningqln
Get in on the Gold Rally as China and India Horde Supply!As many of you may know, China and India have been hoarding gold supply, causing a surge in demand and driving up prices. This is a clear sign that now is the perfect time to invest in gold and take advantage of this rally! Gold has always been a safe haven asset, especially during times of economic uncertainty. With the global economy facing challenges from the ongoing pandemic and geopolitical tensions, gold is a smart investment choice to protect your wealth and diversify your portfolio. So, don't miss out on this golden opportunity to capitalize on the current gold rally. Take action now and invest in gold to secure your financial future. Let's ride the wave of this gold rally together and see our investments grow!
OANDA:XAUUSD
by bryandowningqln
#GLD Newgold etf on the cusp of a massive breakoutNewGold ETF which tracks the rand price of Gold has been knocking hard on the R360.00 level. A breakout of this level should see an explosive move upwards which possibly supports the longs i am seeing in DRD and AngloGold. The break of the flat top triangle targets R386 which is an approximate move of 7% in the rand price of gold.. Good, especially for our local miners such as DRD, Harmony and Pan African #DRD #HMY #PAN
JSE:GLDLong
by MarcoOlevano
2
Shorting $GLD here looks like a good tradeEveryone has been bullish gold here, but the idea never made sense to me. We're still in the beginning of a market downturn, and if S&P and QQQ go down, gold is going to go down too. Now the chart is also confirming my thoughts. We just went up and retested previous support as resistance and now we look to be forming a lower high on lower timeframes. This looks like a great spot to short the pet rock. Idea would be to go short here and buy as we get closer to the orange and green supports.
AMEX:GLDShort
by benjihyam
21
GLD the gold futures ETF LONGOn the daily chart GLD is in a volume profile early breakout going above the jagged pruple line representing the top of the high volume area. Price has been compressing within a symmetrical triangle and now has broke through the descending resistance trendline portion of that. What remains to be seen is a retest of that new support line. Of late Bitcoin has ran up and probably taken with it market cap away from gold. ( see my idea on the Bitcoin to spot gold ratio) Now that Bitcoin has topped and is retracing capital is freed up to flow into gold which has been comparitively weaker. I will take a long trade here and exploit the opportunity in the cycle between gold and Bitcoin.
AMEX:GLDLong
by AwesomeAvani
5
Gold making a bold move higher....As Bitcoin steals the limelight, gold quietly and gently breaks out AMEX:GLD #GOLD Gold put in its first all time high for a daily close This will likely end with an all time high by EOW or a highest ever weekly close. Unfortunately, this leaves me with a conundrum as gold is a risk off asset and if we see a substantial increase, its possible it could be a signal of a risk off move from the liquidity sloshing around out there. Funds have been allocating to bonds and money market funds as these lower risk fixed income assets provide an element of security during uncertain times and pay an interest yield. Gold offers protection and upside potential whilst providing additional protection against inflation. In any event, it could be that we are due this long awaited move up for an asset class that has been moving in a relatively tight range since 2020. The TA suggests the bullion bull gate may have just opened Keep an eye folks, PUKA
AMEX:GLDLong
by PukaCharts