MRS Watanabe
Long

IH&S targets price higher than 200MA trip algo to buy mode!

FX:XAUUSD   Gold/U.S. Dollar
793 24 3
Interesting to see last time the price remained above 50 MA the Fund algos switched to buy mode and gold             rallied $100 but did not manage to go above the 200 MA. No follow threw down we went. Now this IH&S projection/target is near $1550 and well above the 200 MA. Am expecting a big move up $100s in a short space of time as the Fund algos switch to buy mode.

Have added a speculative blue up fork , with no confirmation on lower parallel, so there is potential for a dip bellow $1300 to test the lower blue parallel, a bounce of that LP would validate my up fork and the IHS             should then play out.

I cannot see gold             managing to go lower than $1275 there is simply no physical gold             left, in the Fractional Reserve System.. besides CME             does not even guarantee that all the gold             is their either, NY Fed hasn't got any because if it had it would not take 7 years to return Germany a small proportion of her own...
alex.a
3 years ago
What is IHS, Mrs. Watanabe?
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MRS Watanabe alex.a
3 years ago
IHS = Inverted Head and Shoulders. The blue squares point to the shoulder, the Head and the other shoulder. A target projection can be roughly worked out by measuring the distance between shoulders and then place that same distance vertically to the neck line. This is a bottom formation and shows the new direction being up.
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alex.a
3 years ago
" if it had it would not take 7 years to return Germany a small proportion of her own... " I read about it. A lot of speculation - Not enough evidence to conclude the reason why in this direction, though -
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MRS Watanabe alex.a
3 years ago
if the New York Fed really had custody of it. why cannot they return it in 7 days, and why 7 years! pretty obvious its been leased to a bullion bank who sold it into the market already, hence they need mine supply to return the gold, one thing for sure in 7 years time if they return it, the gold bars will not have a Bundesbank hall mark/stamp, nor the same bar numbers as the ones deposited in good faith.
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MRS Watanabe alex.a
3 years ago
not speculation all gold related issues are on the public record at GATA.ORG
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alex.a MRS Watanabe
3 years ago
The first reason why the German wanted their Gold to be in US. And then changed their mind. And then the response time to their demand ~ Later use news media to insist their wanting... Took 7 years - Solely the reason no gold in the depository??? I need more to conclude this way -
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MRS Watanabe alex.a
3 years ago
You got it all wrong, The details are as per German press not US centric press. The German Central banks called the Bundesbank did not want it back, they were happy storing it in London, Paris and New York, these agreements date back to Bretton Woods post WWII monetary system and was convenient during the Cold War having it distant from the Soviet Union. However as Venezuela requested patriation of its gold from London and New York, questions were being asked as is the gold really there? The gold had never been properly auditied by the Bundesbank and repeatedly been refused to audit it properly. Then the Bundestag Audit Committee (their Parliament) on finding that the Bundesbank was not keeping a proper audit of the gold, demanded the Bundesbank to repatriate a small portion of it. Look it is a small portion not all of it. So it was the German Government that requested it as the people realized the Central bankers were pulling the wool over their eyes. All this is documented on GATA web site, Spiegel also wrote about it. So fact is their gold is gone and the Germans are pissed off that it will take 7 years to do something that can be done in 7 days, not to mention the snooping on Frau Merkel. Funny the Germans are now closer to the X-Soviets than before as they have lifted the wool from their eyes and come to realize who the bad guys are.
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alex.a MRS Watanabe
3 years ago
Mrs Watanabe - I need the story of the other side, too - Gata says only one side of story. Also, exactly what I meant, Mrrior(Spiegel == news media) carried this story. I must admit it also disturbed me when I read it. But, I must have the story of the other side. Only listening to one side and conclude isn't my cup of tea.
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WallStScalper PRO alex.a
3 years ago
Maybe this will open blind eyes: http://www.youtube.com/watch?v=c0YE3JEbPf8&list=FLiCotdco1NpkoiWwLmiIJ0A&index=8
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WallStScalper PRO WallStScalper
3 years ago
And here some more:
https://www.youtube.com/watch?v=P0eJsc2pKJM
https://www.youtube.com/watch?v=aUWDlM-kXV0
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alex.a WallStScalper
3 years ago
I must say it could be better for these are made spoken by both sides not one side smashing the other for fairness -
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alex.a WallStScalper
3 years ago
If DXY doesn't go up, yet XAUUSD goes down. Then it is really strange and I will be more lean to your guys statements. But, as it is clear, DXY(US dollar index is going higher ever more) isn't it clear people prefer US dollar over gold??? Do we need all these GATA's people who are angry over their gold price at the current level? I don't know. and I want it to be ended at here. We have other things to look at and see the trend, right? Thanks -
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alex.a WallStScalper
3 years ago
Thanks - I watched. ;->
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WallStScalper PRO alex.a
3 years ago
You are welcome! ;-) Weather or not it's banksters ruling the world ... making one scandal after the other....hmmm I can do nothing about it until more people are willing to realize what is going on..... for now I can not alter anything or start a awakening process. I can have it in the back of my head using it in my trade and in trying to be on the right side of the trend.
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BEI WallStScalper
3 years ago
No matte what indicator i use, the rubber band of metals and miners is so stretched that we should get a reversion to the mean. Whereas DXY is still neutral zone and stock market indexes making new highs. I don't see better time to buy gold and if we get some kind of news that will hit that markets and push gold prices higher i'll be glad to be already in. Although i think this could take a time to hit the market, i am thinking a lower low (wave#5) before we could get next bull cycle on gold.
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WallStScalper PRO BEI
3 years ago
That is also what i'm thinking....just need the confirmation. Have a look at this chart made by windwaker.. BEI. I agree ... the red box is essential. It's within these borders a bounce will happen.
EMERGING GARTLEY
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BEI WallStScalper
3 years ago
Yes i am thinking the same thing on my last posted charts. I bought some Friday just after i closed my FOMC short position, and this thinking that we could get the bounce sooner rather than later based on other analysis. worst case scenario i will average in, maybe scalp if does not get over and hold 1340 quick, Good luck man!
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alex.a WallStScalper
3 years ago
Perhaps, people prefer US dollar over Gold. Don't know why.
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MRS Watanabe alex.a
3 years ago
Alexa the point is that people in the West do not look at gold like people in the East do, West = Barbaric Relic and were not taught monetory history, In East = historic store of wealth. The book Creature From Jekyl Island, goes through last 100 years of the Federal Reserve System and explains what you need to understand about Central Banking, Fractional Reserve Banking and the track record of the Fed. If people prefer to hold a debt instrument as a store of value rather than real tangible hard asset is not my problem. The COMEX / LBMA price you see is not the real value of gold. End of story.
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