OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Yeah, I know Clive Maund is a non-believer in the rig but this is interesting=

Posted by Richard640 @ 20:06 on February 22, 2018  

Simply a Matter of Time when the Gold Bull goes on Rampage

A read of the gold charts is indicating that a breakout and new bull market are simply a matter of time, says technical analyst Clive Maund.

Gold continues to prepare to break out of its giant Head-and-Shoulders bottom pattern. As we can see on its 8-year chart below, this base pattern has been developing for getting on for five years now, so it has major implications. Upside volume has been building for a long time, driving volume indicators higher, a sign that a breakout and new bull market are simply a matter of time, and not much at that now.

There has been much grumbling and muttering within the gold community about how “The Cartel” and the Comex etc are holding the gold price in restraint by means of naked short selling, and hitting the market with supply when trading is thin during public holidays and overnight and so on, but the fact of the matter is that the reason why the Precious Metals sector has taken a back seat for years now is that there have been hotter games in town, like Biotech, Bitcoin, Cannabis, the FANGS, Tech generally, etc. and endless quantities of cheap money to bid them up into the stratosphere. So that is where the action has been. However, to everything its season and all that is coming to an end now, and the recent plunge in the stock market was a “shot across the bows” to all who would heed it, indicating that a new bear market is starting, but don’t go telling that to the buy the dip crowd. FOR THE REST GO TO THIS LINK–TIA

http://www.commoditytrademantra.com/gold-trading-news/simply-a-matter-of-time-when-the-gold-bull-goes-on-rampage/

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.