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Gold Gann - Update

Frown Baby

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

Gold ETF

Investing Quote...

"After exhaustive researches and investigations of the known sciences, I discovered that the Law of Vibration enabled me to accurately determine the exact points to which stocks or commodities should rise and fall within a given time. The working out of this law determines the cause and predicts the effect long before the Street is aware either." ~ William D Gann

"If past history was all there was to the game, the richest people would be librarians." ~ Warren Buffett

"The first rule is not to lose. The second rule is not to forget the first rule." ~ Warren Buffett

"It's not what you own that will send you bust but what you owe." ~ Anon

"Don't try to buy at the bottom and sell at the top. It can't be done except by liars." ~ Bernard Baruch

 

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