American Creek Resources Ltd V.AMK

GOLD - 2020 plunge Candle

[Stockmoves1]

Remind me what caused this capitulation in mid 2020 for these Gold ETF's to create this plunge candle.. you will notice on both charts provided in some of the largest ETF's that the charts are the same.. you will see where they stopped out and you have a very fast selloff followed by a bull market... a great way to flush out retail.... will we get a repeat??  On the first example you see XGD dropping to 10.25 and take note on the chart what follows.. A bull market and higher highs..

Stockwatch

The next example is HGY.. The exact same thing.. the chart shows that plunge candle right at the same time followed by a bull market on GOLD.. these examples may mean something to us going forward...

Stockwatch


I welcome any feedback to help me recall the event that took place that triggered this plunge candle..

[Stockmoves1]

Now that doesn't surprise me NMR.... perhaps it's the end of times lol.... has the board deteriorated to this? funny how not one person responded to those charts on Gold, not one comment on these ETF's that flushed out retail, here I thought just maybe this would create a little conversation if not some in-sight.. How about you L&S, you seem to have the answers to many things?? or

[Krammer000]

All I have to say is what we have is an elephant size depot. Gold in the ground is getting larger, being proven and will be marketable at $1800/oz. Everything that is happening is white noise. I am a share holder of one of the largest deposits in 30yrs and getting larger. This is my asset to combat all this white noise that is happening in the world. IMHO even if gold drops to $1200/oz Goldstorm

[Stockmoves1]

Thanks for your input Krammer, not many posters here but many lookers.. have we bottomed? or do we test a dime?? this comes down to the weakness we have currently on TUD... It has become rather weak technically and could visit as low as that 93-97 range if it doesn't get some heavy hitters taking it up soon... Shorts are obviously in control but like yourself Krammer I welcome it from the

[hopeful88]

A good, thoughtful assessment of where TUD and AMK are heading SM1. I havent touched AMK or TUD for the past 10mths, but @ the 10-12c range i would back up the truck. Meanwhile i have been playing around with SCOT and BBB. Never thought AMK would ever  be priced in the same range as those two stocks. Good luck to all and remember to watch out for slippery management teams who are mainly 

[fordster]

Yeah...I'm pissed off by that too...Waffles tried really hard to get everyone together to vote that down...it seems like an impossible task to get enough votes from everyone....but shame on them. I noticed IRguy posted- how much does he know? I always liked him...perhaps he's just an employee doing his job...dunno.

[Stockmoves1]

thanks for that note Fordster.. on that post of a plunge candle of these ETF's  it works for me bringing up both XGD and HGY.. perhaps it's because one must have stockwatch, but I do not feel that's teh case because i have posted charts many times in the past.. I dont know.. that's too bad because there is a story there.. when gold stocks started their climb in 2020 these ETF&

[fordster]

Some of the stuff I'm reading is almost identical to your points. Which gives me hope that we may be nearing the end of this manipulation....but it really doesn't matter...we're all here. Your calls on AMK have been right on.

[Stockmoves1]

14 is currently major support with 17 R at present.. If TUD fails 1.30 14 gets retested and we may then test 11 as TUD is up against that lower range... I know it sounds  crazy to say I welcome it because the bashers will be all over me but I care less right now about my TFSA shares and am hungry to load a bunch on the cheap because all of these plays have a bottom and the lower it goes the

[Stockmoves1]

The DOW Jones wants to fill that gap on the chart around 28600 it appears... A long overdue correction coming off a 100% gain from that 18k blowoff in March of 2020.. we have support on the DOW around 28 and 26k but this climb has been nothing more than air and printing presses.. with WW3 on the horizon it's so hard to know when to dip or toe further... there does come a stage one has to take

[fordster]

Really nice reading your content again SM...thnx