Monday, 14 November 2016

Gold Gann - Update

Post the US 2016 election, gold and silver screamed higher then plunged lower, children don't be worried all is well.
image1 So far!

Previous Post: Gold Gann angle - Update

You can learn more about Gann Angles here.

Q & A

Q1: How do the big boys build a large position in gold, when no one wants to sell?

A1: Using the news (the US Nov Election) they smash down price to create volume, to accumulate float from the weak hands, and hopefully not damaging the chart too much!

Q2: What does TRUMP mean, when he says that Mexico will pay for the border wall?

A2: Mexico is the single largest producer of silver, if metals (gold and silver) double in price, the wealth held by the Mexico in the ground will easily pay for the border wall. In fact Mexico could become one the wealthiest  countries in the world. Maybe TRUMP will do a deal in boost USA silver stocks. Maybe TRUMP will insist that the Gov't (Exchange Stabilization Fund or PPT) leave the price of gold and silver to find it own level. Maybe this is why the Mexican president was very happy to see TRUMP!

After all, TRUMP is a fan of the yellow stuff, just look at his loo.



GLD



Original Post: http://ift.tt/2gbSrXB