• 6 hours Conspiracy Theories Set Tone For 5G Cold War
  • 7 hours Working From Home Will Transform The Energy Industry
  • 8 hours The Multi-Billion Dollar Race For A Vaccine
  • 9 hours Can Domestic Tourism Bolster Emerging Economies?
  • 10 hours Australia Considers $100 Million Investment To Kickstart Mining Industry
  • 11 hours Has Re-Opening The Economy Been Successful?
  • 12 hours Gold Miners Still Have Massive Upside Potential
  • 13 hours The Risky World Of Oil Hedging
  • 14 hours Africa Turns To Innovation Amid The Global Pandemic
  • 15 hours COVID-19 Sparked A Bicycle Boom
  • 16 hours Will Government COVID Intervention Cause Inflation?
  • 1 day The Bitcoin Miner That Is Paid To Do Nothing
  • 1 day Capital Gain vs. Capital Consumption
  • 2 days Tesla’s Latest Battery Innovation Ready For Use In China
  • 2 days China Targets Hong Kong As Cold War With US Heats Up
  • 3 days No Shirt, No Shoes, No Mask, No Service
  • 4 days Is Bitcoin Actually Worth The Energy It Uses?
  • 5 days Insurance Companies Are Turning People Away As COVID-19 Crisis Escalates
  • 5 days Mining Exploration To Drop By Nearly 30% Despite Gold Boom
  • 5 days Europe Set To Unveil Its $500 Billion 'Green Deal'
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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 supply and demand battle near resolution

Energy builds up during a long slow sideways pattern which allow money managers to accumulate or distribute float, very soon either the demand or supply side is going to get knocked out. Soon we well have a winner! Both the moving averages and Gann angles show the tight APEX, a break out either way will happen. Our bias is to the upside.

If you review a hand full of gold stocks (say ABX, NEM, GG, HMY) you can see higher lows, and consolidations tightening after a period of volatility, this means those that wish to sell from the recent rally have done so, there done! Now the time for the next move is very near. The good news is that most big money managers missed the 2016 rally, and they are getting ready for the next move higher (we believe).

The commodity (gold) is bullish, the stock sector (gold stocks) is bullish. This means the money is moving in, setting up for a move higher.

tic tic boom!

Gann Angles

(Click to enlarge)


Moving Averages

(Click to enlarge)

Back to homepage

Leave a comment

Leave a comment