$Gold Futures(DEC4) (GCmain.US)$hold and keep buying with rate cuts it's going to climb up there's no resistance anywhere above this level we're in new territory now.
EZ_money
OP
:
this may be the last QE we ever see. this could be the last run before the collapse. 1 trillion dollars added to the debt every 90 days in interest payments alone is unsustainable. we are too far deep in a whirlpool of debt i don't see it getting fixed. defaults coming
$Gold Futures(DEC4) (GCmain.US)$it'll hit $2,600 bucks today... I'm sitting on all these ingots of gold I play dominoes with them on my kitchen table when I'm bored.. it's funny because you pick it up 1 oz and it's $2,600. the problem with gold though is it's really not liquid it's not like you can go into a restaurant and buy anything with it you have to convert it to cash and then there's a spread typically of about 3-5% depending upon where you would go to sell gold to convert to cash
US Market Key Charts (S&P, US Dollar, Gold) $E-mini S&P 500 Futures(SEP4) (ESmain.US)$(4 Hour Chart) -[BEARISH ↘ *]Price is bouncing off its descendling trendline resistance, and we lean towards a bearish bias. We expect price to drift to test near 5665 resistance level before drifting down towards 5580.25 support level. Technical indicators have yet to indicate a bearish scenario. Alternatively: A 4 hour candlestick closing below 5580.25 support l...
US Market Key Charts (S&P, US Dollar, Gold) $E-mini S&P 500 Futures(SEP4) (ESmain.US)$(4 Hour Chart) -[NEUTRAL]As expected, market pushed lower reaching previous target before rebounding sharply. We turn neutral for now given the wild swings in prices. With price consolidating between 5580.25 resistance and 5539.25 support. A candlestick close above 5580.25 resistance will open further rise towards next resistance at 5665. Alternatively:...
US Market Key Charts (S&P, US Dollar, Gold) $E-mini S&P 500 Futures(SEP4) (ESmain.US)$(4 Hour Chart) -[BEARISH ↘ **]View unchanged. We maintain our bearish directional bias as price is now back to holding below 5580 resistance, a push lower towards 5405 support is expected. MACD indicator is still within bearish territory, showing that bearish momentum is still persistent. Alternatively: A 4 hour candlestick closing above 5580 resistance will open a pu...
Ahead of U.S. nonfarm payroll data, despite the August ISM services activity expanding moderately for two consecutive months, ADP private sector employment growth hit a three-and-a-half-year low, signaling further labor market cooling. This added support to strong rate cut bets due to economic concerns. U.S. stocks initially rose but quickly reversed.$Nasdaq Composite Index (.IXIC.US)$ended a two-day losing streak but closed far below its initial 1.2% rise.$S&P 500 Index (.SPX.US)$and ...
EZ_money OP : this is just the beginning with majority of cuts coming next year
EZ_money OP : this may be the last QE we ever see. this could be the last run before the collapse. 1 trillion dollars added to the debt every 90 days in interest payments alone is unsustainable. we are too far deep in a whirlpool of debt i don't see it getting fixed. defaults coming