Blowoff seasonal top $GC_F $GLD

This latest coronavirus news cycle created a $30 gap up on gold just at the peak of the seasonal cycle. I believe gold and 30Y bonds have reached a crescendo and are due for a retracement. We hit the Year Camarilla pivot almost exactly at the top today. The retracement back to Year R3 is what the normal target should be after this kind of move.

Comment:

10Y gold seasonality chart shows that this date is correlated with a relative top. Gold usually descends to the March FOMC statement due on March 18.

Comment:

GDXJ smacked Year CAM R3 here as well and non stop selling.

Comment:

Excellent.

Comment:

Important block. Bearish below

ETF Blocks
📈 $IAU 🥇 #Gold
📊 959,330
💵 15.81
💛 +0.02 | +0.13%

Comment:

Hits the Day ATR stop target. Covered this short for now. Any rebound in the markets will further sink gold, it is not cooperating after the big surge monday.

Comment:

Silver killed on Month R4 and JAN high. Big money to be made. Platinum destroyed.

Comment:

Updates on equity futures, bond, commodity, and FOREX markets.

Topics:

➡️ Big selloff in equities (again) from coronavirus related news.
➡️ Precious metals punished, near term targets reached.
➡️ Opportunities for rebound Wednesday. Top to bottom NAS100 nears 10% correction.

youtu.be/cSCNeXaXwfw

Comment:

Target reached already. Miners completely destroyed.

Comment:

Silver crushed. -7%

Comment:

Lower target is 1440 gold. We may get there by the Fed statement March 18 to follow seasonality