Saturday 29 September 2018

Gold Gann Update

The latest swing down is testing a long time 1x1 Gann angle.
image1 

Should we expect a lower prices?

Or is this swing lower being used to accumulate at better prices by the large accounts. As always we find out how strong the bull hands are when support is tested. It is very obvious the gold price is range bound, and those who follow gold also know big moves higher mostly only arrive after the shorts have had a chance to clear (options positions and short futures).

There are those who say higher interest rates and the USD is bearish for gold, it some cases this so, but it is not automatic relationship as gold can and does rise (or at least hold its ground) with the USD, more so when the market knows higher interest rates will most likely explode the debt bomb. A corporate and sovereign debt bomb is what we have, and it is now widely reported the US annual interest rate expense will overtake US medicare costs. WOW! 

Mr Market does not treat the weak hands well, GLD could test $100 or the test could be over at $110. Retail traders react to price action, retail traders need to wait for confirmed strength to ensure higher price are going to follow. But we do know the ponzi buy back stock market music will stop, and that sir is why gold is still above $1000 once ($100 on GLD).

GOld





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Friday 21 September 2018

Bitcoin Update - Bullish pressure present

If Venezuela or Argentina conducted business in bitcoin then their savings and wealth would be a lot better off.
image1 Yes Bitcoin and Litecoin have been volatile over the last few years,  but nothing like Bolivar (Venezuela) or the Peso (Argentina). 

You say they could use the US dollar, yes maybe so, but those who use the US dollar have to the yield to the US Federal Reserve where as bitcoin is decentralized and those who use it yield to no one.

In the next 12 to 18 months the lightning network and atomic swaps logic will forge Bitcoin and Litecoin together as the go to crypto decentralized currency. Of course massive risk, so the investor should be warned you can lose all your funds.  

Time to review the demand and supply price and volume action of Bitcoin.




Charlie Lee is the founder of litecoin, the twin coin to bitcoin. Litecon will do what bitcoin is not good at. This recent video Mr Lee unwinds 7 myths about litecoin.





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Thursday 13 September 2018

Gold stocks, Elliot Wave and Volume

Whom ever paints the chart with Elliot wave always has to try and sideline their bias.
image1 Elliot wave can work when it applied correctly and the chart is friendly to receive its application.

More from RTT Tv





HMY




Elliot Wave




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Tuesday 4 September 2018

RTT browsing latest..

Please review a collection of WWW browsing results.
image1



Date Found: Monday, 09 April 2018, 06:23:55 PM



Comment: Most bullish set up for SILVER.. ever, but will banks allow it to rise



Date Found: Tuesday, 10 April 2018, 08:05:50 PM



Comment: Why is Syria so important?



Date Found: Wednesday, 11 April 2018, 04:54:37 PM



Comment: Zerohedge: spooky in more ways than one!



Date Found: Friday, 13 April 2018, 01:42:11 PM



Comment: Fed screws up! EveryTime, are you hedged! www.mcoscillator....



Date Found: Saturday, 14 April 2018, 03:00:56 PM



Comment: RTT: This sector warming up!



Date Found: Monday, 16 April 2018, 01:56:51 AM



Comment: Say its real this time!



Date Found: Tuesday, 17 April 2018, 02:49:33 AM



Comment: Will gold break out ??



Date Found: Saturday, 21 April 2018, 01:47:35 PM



Comment: The so-called smart money has started to sell at the end of the trading day, a bad sign for this bull market. SMI measures buying and selling in the first and last 30 min of the day.



Date Found: Saturday, 21 April 2018, 07:41:52 PM



Comment: The only time in history that the SMFI declined more than 10% from its high while the S&P 500 was still relatively near its own high occurred in January 2000. Even more than we’ve seen in recent months, the S&P was holding up, churning near all-time highs, while the Smart Money Flow Index was diving lower.



Date Found: Sunday, 22 April 2018, 10:49:41 PM



Comment: US TRUE Money Supply and financial upsets!



Date Found: Monday, 23 April 2018, 03:40:27 PM



Comment: Gold Won’t Rally Unless This Happens – Ie real bad stuff! youtu.be/97RAorhbdO4



Date Found: Tuesday, 24 April 2018, 03:34:29 AM



Comment: Another low is in for metal stocks...Tim Ord



Date Found: Thursday, 26 April 2018, 12:39:18 AM



Comment: Looks like higher interest rates matter to the SP500



Date Found: Thursday, 26 April 2018, 02:11:30 AM



Comment: Yield Curve Interesting, 3 time a winner, free chicken dinner!



Date Found: Thursday, 26 April 2018, 02:32:47 PM



Comment: If you are a gold investor, then The one thing you want most is rising deficits. Luckily for you, Congress appears to have granted just what you want. WOW!



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