• 709 days Will The ECB Continue To Hike Rates?
  • 709 days Forbes: Aramco Remains Largest Company In The Middle East
  • 711 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,111 days Could Crypto Overtake Traditional Investment?
  • 1,116 days Americans Still Quitting Jobs At Record Pace
  • 1,118 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,121 days Is The Dollar Too Strong?
  • 1,121 days Big Tech Disappoints Investors on Earnings Calls
  • 1,122 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,124 days China Is Quietly Trying To Distance Itself From Russia
  • 1,124 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,128 days Crypto Investors Won Big In 2021
  • 1,128 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,129 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,131 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,132 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,135 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,136 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,136 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,138 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 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