Market Talk – July 26, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 202.10 points or -0.53% to 37,667.41 Shanghai increased 4.16 points or 0.14% to 2,890.90 Hang [...]
Gold Crashing June 16, 2016
QUESTION: Marty; This pop in gold smells like another manipulation. Everyone was saying Soros is selling everything and buying gold. They seem to have gotten the bugs buying with two hands again and they sold it to them. When will these games end? Ever?
ANSWER: No professional trader would EVER divulge his position unless he was trying to exit. Gold did not exceed the technical analysis resistance. It is so easy to get these people to buy the highs every time. That is how manipulations have always worked. They are to the upside, not to the downside. They need volume to make a profit, and never to simply suppress a market with no volume and no profit.
We exceeded the 2015 high which can be positive long-term, but it can also be the kiss of death. Watch the video. The Reversals will always define what is real and what is fake. Just watch the key numbers.
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