• 742 days Will The ECB Continue To Hike Rates?
  • 742 days Forbes: Aramco Remains Largest Company In The Middle East
  • 744 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,144 days Could Crypto Overtake Traditional Investment?
  • 1,149 days Americans Still Quitting Jobs At Record Pace
  • 1,151 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,154 days Is The Dollar Too Strong?
  • 1,154 days Big Tech Disappoints Investors on Earnings Calls
  • 1,155 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,157 days China Is Quietly Trying To Distance Itself From Russia
  • 1,157 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,161 days Crypto Investors Won Big In 2021
  • 1,161 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,162 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,164 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,165 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,168 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,169 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,169 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,171 days Are NFTs About To Take Over Gaming?
readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

Gold Gann Angle Update

Confused Guy

Seriously if you have a billion dollar gold position, why would you sell it a 2.00am on a Sunday morning when the markets only have $100,000 dollar value bids? Well no human would do that, but a govt would.

However the fix for lower prices is lower prices. The massive open interest built up in Gold and Silver required a punch down to allow position to be un wound, so watch out for that to happen, and that will most likey mean a strong bouch is due.

FYI, so why isnt silver crashing just as hard as gold? Simply all time high open interest and there massive positions to unwind. Every silver cent down is being hit with short covering. Banks like Citi and JPM morgan have to unwind massive silver shorts, to do this they need price falling to show a profit for their efforts.

Price is on the 1st 1x1 Blue Gann Angle, second resistance.

Gann Angle Review

The $100 on the GLD is a very big magnet, one level to watch.

GLD Gold Trust Fund Chart
Larger Image

 

Back to homepage

Leave a comment

Leave a comment