Recently the United States had removed a high ranking Iran general whom was popular with his country. The method used was by airborne tactical eraser (RIP). Because of this, as usual, precious metals and other such portable forms of decentralized currency not tied to the U.S. government rise in value in fear of dollar destabilization. I am bearish on gold continuing to blast upward because there already is a war, and I believe high fear in government-related currency destabilization will not stay with us for much longer.
Plan: interested in entering a short at the uppermost midpoint after a bearish retest of it, meaning not the first push against resistance; adding above then keeping a stop close so I don't get caught by breakout slippage. If price fails to reach it, I would be interested in a short around the current price with a hedge long under the box at about 1567.
Prior to involvement in the Iran-Iraq War, the United States was urged by Margaret Thatcher, British Prime Minister at the time, to kick some arse. Her argument was that appeasement prior to WWII and the inaction of other countries led to World War II, and it was necessary to become involved in yet another conflict to prevent the same mistake from happening.
In the 1970s just before the beginning of the aforementioned war, Iraq had a powerful military force as well as control of a large percentage of the world's supply of oil, and had they succeeded in their conquests, majority control of the world's oil supply. This would not have been good for any other country because of the power they would hold over others.
The beginning of the United States et. al involvement in wars in the Middle East prior to 2000 seemed to be a preventative measure to the expansion of Iraq's dominance, and many suffered as a result from all sides. A note, the U.S. had been involved in attempting to destabilize governments in the Middle East since the mid 1900s, and had supported Iraq by selling dual-use tech (aka not literally weapons so you can't pin them for that) and providing military training. Currently, because of Iraq's military might (and motive to engage in conflict due to debt to their brother countries), it would be dangerous to remove presence from the area. There are other religious nuances and dangers faced by countries such as Iran's interest in oil as well. Unless U.S. domestic terrorism occurs on a large scale, this is just another day, although rather rude to say. Note that Iran has not, although this holds no weight, claim responsibility for the attack 29 Dec. 2019, and this is not mentioned in most articles. Also note that the unnamed individual killed (RIP) was a defense contractor; the type of person who benefits greatly from combat as they are the equivalent of an outsourced combatant from a private company. Tickers such as NYSE:LMT are doing absolutely insane right now.
Thank you for attending my TV-X Talk. I am leaning towards failure to hold against resistance and a dump into the 1500-1550s range but very short term bullish. A multi-participant war has already been ongoing, it's just that 'conflict' is used often enough to describe the war that it's become normalized. Also, it is difficult to tie precious metal valuations during wartime because the U.S. very rarely is not involved in a war.
References:
twitter.com/TomCokeI.../1213179094663344134
reliefweb.int/report...-past-present-future
thehill.com/homenews...ericans-as-result-of
www.atlanticcouncil....aq-its-not-over-yet/
www.cnn.com/2007/WOR...5/02/iraq.scenarios/
www.nbcnews.com/id/6...-forgive-iraqi-debt/
www.jordantimes.com/...one-month-—-minister
www.theguardian.com/...-iraq-afghanistan-us
www.upi.com/Archives...-cash/4632652680000/
www.businessinsider....-iran-attacks-2020-1
www.reuters.com/arti...action-idUSKBN1YX0GR
Plan: interested in entering a short at the uppermost midpoint after a bearish retest of it, meaning not the first push against resistance; adding above then keeping a stop close so I don't get caught by breakout slippage. If price fails to reach it, I would be interested in a short around the current price with a hedge long under the box at about 1567.
Prior to involvement in the Iran-Iraq War, the United States was urged by Margaret Thatcher, British Prime Minister at the time, to kick some arse. Her argument was that appeasement prior to WWII and the inaction of other countries led to World War II, and it was necessary to become involved in yet another conflict to prevent the same mistake from happening.
In the 1970s just before the beginning of the aforementioned war, Iraq had a powerful military force as well as control of a large percentage of the world's supply of oil, and had they succeeded in their conquests, majority control of the world's oil supply. This would not have been good for any other country because of the power they would hold over others.
The beginning of the United States et. al involvement in wars in the Middle East prior to 2000 seemed to be a preventative measure to the expansion of Iraq's dominance, and many suffered as a result from all sides. A note, the U.S. had been involved in attempting to destabilize governments in the Middle East since the mid 1900s, and had supported Iraq by selling dual-use tech (aka not literally weapons so you can't pin them for that) and providing military training. Currently, because of Iraq's military might (and motive to engage in conflict due to debt to their brother countries), it would be dangerous to remove presence from the area. There are other religious nuances and dangers faced by countries such as Iran's interest in oil as well. Unless U.S. domestic terrorism occurs on a large scale, this is just another day, although rather rude to say. Note that Iran has not, although this holds no weight, claim responsibility for the attack 29 Dec. 2019, and this is not mentioned in most articles. Also note that the unnamed individual killed (RIP) was a defense contractor; the type of person who benefits greatly from combat as they are the equivalent of an outsourced combatant from a private company. Tickers such as NYSE:LMT are doing absolutely insane right now.
Thank you for attending my TV-X Talk. I am leaning towards failure to hold against resistance and a dump into the 1500-1550s range but very short term bullish. A multi-participant war has already been ongoing, it's just that 'conflict' is used often enough to describe the war that it's become normalized. Also, it is difficult to tie precious metal valuations during wartime because the U.S. very rarely is not involved in a war.
References:
twitter.com/TomCokeI.../1213179094663344134
reliefweb.int/report...-past-present-future
thehill.com/homenews...ericans-as-result-of
www.atlanticcouncil....aq-its-not-over-yet/
www.cnn.com/2007/WOR...5/02/iraq.scenarios/
www.nbcnews.com/id/6...-forgive-iraqi-debt/
www.jordantimes.com/...one-month-—-minister
www.theguardian.com/...-iraq-afghanistan-us
www.upi.com/Archives...-cash/4632652680000/
www.businessinsider....-iran-attacks-2020-1
www.reuters.com/arti...action-idUSKBN1YX0GR
Comment:
Series of HLs on LTF on the bottom of the box looks like a potential reversal here for the retest + flushing of short positions
Comment:
Price ran up after muddling about right under the red box around 1550-1560 to the top of the box.
Pumped to uppermost midpoint, based on news it may push past. I can't find articles yet but here's a NY Times writer Twitter source: twitter.com/farnazfa.../1214687432731430913
<
#BREAKING: Iran Revolutionary Guards begin "fierce revenge" on US. Iranian ballistic missiles hit Al Assad military base in #Iraq, largest US base.
And It Begins.
#Soleimani
>
Pumped to uppermost midpoint, based on news it may push past. I can't find articles yet but here's a NY Times writer Twitter source: twitter.com/farnazfa.../1214687432731430913
<
#BREAKING: Iran Revolutionary Guards begin "fierce revenge" on US. Iranian ballistic missiles hit Al Assad military base in #Iraq, largest US base.
And It Begins.
#Soleimani
>
My published indicators: www.tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)