Post by
Vinnie3 on Dec 21, 2022 7:34pm
Like I said....
There are always one to 4 days of gold being down between 1-10$ after a $30 up day.
Today was just down $1, tomorrow will be down then probably Friday we get a nice big leg up for gold.
Slow gradual gold accumulation is the act of going down small steps over a fixed period of time followed by a big step up resulting in a net overall gain during that string of days.
Whenever you see gold close to 0 gain or loss between 8:30 am and 9 am it will be a down day.
But it must be below $10 at around 6 am for this to happen. When gold is over $10 at 6 am it will go up more during the day. This is physical gold being purchased which upsets the morning price fixing
routine so the price fixers let it go and console themselves by knowing the coming days they will be able to take it down again.
You never ever see 2 consecutive days at plus $30 unless there is an extremely rare buying panic
and physical gold shelves are close to empty.
Comment by
geezer21 on Dec 21, 2022 7:59pm
"There are always one to 4 days of gold being down between 1-10$ after a $30 up day." Candlestick chart shows no such consistent pattern. Increased volitity in the last number of months also show large up days followed by more large up days. https://stockcharts.com/h-sc/ui?s=$GOLD
Comment by
geezer21 on Dec 21, 2022 8:05pm
High insider buying, 33 buys to 4 sells has accentuated increased volitility over the last 3 months. https://stockcharts.com/h-sc/ui?s=$GOLD