Currency charts that are key for the next move in precious metals
Chris Kimble, Founder of Kimble Charting Solutions shares 5 charts (below) that focus on different currencies and relate to possible moves in gold. There are also some comments on the charts of GDX and GDXJ. A lot of these charts are testing key levels where if a break happens could lead to a further run in the precious metals.
Click here to visit Chris’s site and follow along with his calls in a wide range of markets.
Mish……or mish mash fed
https://www.zerohedge.com/news/2019-08-09/fed-trapped-rate-cutting-box-its-debt-stupid
Crimex…….paper gold……not cutting the mustard…..London did it part this morning….
but, gold back up above $1500…………looking good….JMO
Bankers going to Jail….does not hurt…. 🙂
Subject Matters……subjects madder than hell…..and the jail time for some GOLDMAN SAKERS…….ABOUT TIME…. 🙂
Where is that CORMSLIMER……
https://www.zerohedge.com/news/2019-08-09/malaysia-charges-17-goldman-executives-1mdb-scandal
Nothing like a chart to explain an idea. Great listen.
I see the dip buyers became sellers in the last 10 minutes. Also notice that the 50 day moving average seems to be offering stiff resistance to all three major averages. Personally agree with Chris………if you’re in those markets, better lighten up! Here’s to a good weekend for everyone.
https://wolfstreet.com/2019/08/07/state-of-the-american-debt-slaves-consumer-credit-q2-2019/