Gold and other blink

What does Trump has to do with it? Or you would prefer reds for the president instead? Sorry, since they are now also got some green paint on top of red, so it is more like dirty brown. Reminds me color of ‘national socialist’ in germany before ww2.

“Every time there is a crash, the president ALWAYS comes out and says the economy is fundamentally sound. Hoover did that in 1929 and they have done that every time ever since — both parties. The theory is if the president ever came out and said we are doomed, the people would panic even more. It is just NEVER done until now when the press calls for a recession to defeat a president.”

I will remove this email because politics has nothing to do with this forum, but only when previous email is removed.

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Without commenting on politics myself, I’ll second b3cker’s “remove both emails” suggestion.

Gold is due for correction into first quarter, but my models still point to gold at $1850 by july 2021

Weekly… $XAU

Daily GDX…

Looking LONG here… @ 20 week nested lows. I would love another stop run…this time below the recent 10 wk @ 26.04 from Aug. Probably not going to happen though.

Upside resistance 1540.00. 20-week nominal cycle bottom and retest of the recent highs. Gold is flat to up into the end of the year. Then accelerating to downside bottoming in the second quarter 2020 for a 40 weeks cycle low.