CT Journals
Precious Metals
January 18, 2021
Volatility Reports 1/18/21 Gold
Gold, the inflation hedge, and the bearish trade. What makes that 1/oz nugget worth $1,834.30?
Contrary Thinker is short the Gold via GLL
9/10/2020 15:47 | GLL | $30.45 | $33.54 | 10.15% | $55 | Stop | $28.00 | Tidal Wave S-T Inverse ETF |
This advisory remains bearish on Gold. The protective stop on GLL will be moved, and a second position is expected this week. Volatility Reports is looking for a period of waterfall price action from here going into March. Here is why.
November 23, 2020
Volatility Reports Gold and GLL
Follow up on Gold and Bearish Trade
CT cited downside targets on the metal for the long term from 1641 to 1742 and the I-T S&R zone from 1816 to 1847 to 1816. The opening action this far today is pressing I-T support. Once broken the gold market should snowball. Why?
November 14, 2020
Volatility Reports Precious Metals
Hyper correlation shows up when there are major turns in the markets.
Do not let the base here move you into buying gold. The precious metals relative to the SPY seen here may breakout but that is only saying that Gold may only be going down at a lesser rate than the stock market. This observation
March 9, 2020
Gold Market “here comes the judge.”
The metal was rebuffed hitting 1,700/oz overnight while the share markets heave
Even if you are one of our newest members, it’s easy to read the “Volatility Reports Chronicle” menu above to find all gold comments or go to the “Volatility Reports” LinkedIn Group to do a speed search by keyword #gold to know we saw this most recent rally as the ending of a very large counter-trend, not the beginning of a new bull move to new highs and beyond.
