GOLD DROP COMING

✏️ INNER CIRCLE COACHING GROUP applications are now open.

📖My Flow of Success book on Amazon

12 month Inner Circle Private Coaching Group:

Customer Notice –Past performance – Future performance is Important when trading Silver and gold, GDX, GDXJ, SIL, SILJ, and mining stocks. Sp500, Dow Jones, Nasdaq and general trading any stocks in the stock market. The past of this product is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance. The future performance of this product is not and should not be taken as an indication of current or past performance. Caution should be exercised in assessing future claims of performance, as these are based on assumptions. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance. The information contained in on this page is education only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice

#stockmarket
#goldandsilver
#goldminingstocks

[turbocoupe]

Nobody is selling. Dips are being bought. The drop in futures today was bought. I closed my gold futures long, but am holding GLD and SLV for the foreseeable future. As an asset class, gold is still undervalued compared to stocks, bonds and real estate. Jesse Livermore said: "I make money on the technicals, but I make more when I trade with the fundamentals."

[milindusha]

This is such a funny comments section, back in June when he was telling everyone that Gold is going to have a big move, most people disagreed, now that its had the move, now is the time people think its going to blast sky high?

[evilzzzability]

Of course it will correct at some point, but it's also stupid to try picking a top. Bull markets climb a wall of worry.

[cuteandfunnyearthlings]

Gold price is still increasing especially in euro, japanese yen, cad and gbp. US have to pay $1.1trillion per year in interest for its debt that have increased by $350billion, BRICS summit started today and end on 24th with 30 countries attending that also have interest in appying for BRICS membership, all good for gold because more countries are dedollarising and when they do that they pile into gold too.

[ToniR]

The short trends in Gold have an average length of 16 to 18 days. That means: roundabout 1. Nov there may be a short time top - . In the long run we just have a lot to do....

[Bufford]

Temporary downdraft ... yup ... to digest recent gains ... but trend rockets u0 again as world chaos ensues. 😂 So, don't be a moron, unless you are a chart trader.

[MagicMiro]

Last time when Trump won the Gold dropped by 200 USD back in November 2016

[deepakshetty]

I think too early for correction, more upside remaining for GOLD($2890) before some healthy correction and start up move again.

[MAMP]

NIce one. If gold does a pull back rather than sideways, you'd think silver would go back down to retest the breakout level of $32.50.

[babyhullk]

gold ain't going down that would mean the usd would need to get stronger. there is no way

[DarenHoekstra]

No brainer, corrections happen all the time, it depends on your time frame. If you are a long term investor they matter less. If you are a shorter term swing trader they matter more.

[pauljohnson]

The BRICS countries are meeting over the next 2 days. I'm confident they will make some announcements that will drive the gold price higher by the end of the week. Then we may see a pullback before the next leg

[empirerequiem]

End of the bull leg... I agree. Gold is overbought atm. But long-term gold continues higher, and several factors out there can curtail any pullbacks. The cup and handle formation is almost complete, recessionary forces are gaining momentum and rising interest rates along with the stronger dollar threaten to derail markets. On the other hand, BRICS may adopt a gold backed form of currency, war could expand in the middle east or the ukraine, and inflationary forces could rear it's ugly head at any moment. So swing trading gold comes with risk. The divergence between gold and oil is a red flag, one is right and the other wrong atm. The dollar rising along with gold is another red flag.

[JM-wdep]

john-- you didnt say what you thought we would pull back to? that would be helful
thx

[depnox]

If you haven't been accumulating while the price moved sideways and the Central Banks were, you'll probably sit on your hands and not buy the dips like you should be also.

[harism]

Lots going on around the world. Gold may slightly correct and move side ways for a while but not crash.

[kevinlamberg]

If the Fed continues to drop rates gold is going higher-it may pullback a little, but not much in my opinion. Also, AmeriKa has made lots of enemies that are sick of using fiat dollars-which if dumped should push gold higher. If gold drops I'm buying more-so I hope it goes on sale.

[Haseeb-Abbasi]

John, I agree with you .
But the question is, we can not deny the current geopolitical position. which is clearly in favour of gold . anyway, I always respect your technical Anylising method, which is very strong and helpful

[WengertD]

Not this time John, silver is being squeezed, gold and silver are going to run up at least until the election is settled.

[paul]

John, I have a lot of gold positions and do not fade you. You are one of the best I follow...so I will take heed of your advice. Thank you for the warning and it is well noted! Do you think the miners will be equally hit on the downside as they have some catching up since gold has gone up 450 to 500 dollars in a short time. Their quarterly earnings reports will reflect the higher gold prices?