Gold could fall further - Alessio Rastani's technical analysis

Discussion in 'Gold' started by TreasureHunter, Dec 8, 2019.

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    Me neither. But I think this spike is going to correct eventually.

    It's because of Trump!
     
  2. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Campaign trump or President Trump? Gotta be more specific, they are polar opposites.
    One was a hero, the other a zero.
     
  3. Jim4silver

    Jim4silver Well-Known Member

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    Is Trump the cause of every ill in the world?

    What was the cause of the world ills before the US was formed?
     
    Last edited: Jan 7, 2020
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  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Trump intentionally made himself public enemy number one. To save American face when he executes hard decisions.
     
  5. Jim4silver

    Jim4silver Well-Known Member

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    Trump is not my enemy nor 50% or so of the US population. The only ones who hate Trump in the US are lefties and anarchist types. Many, many former democrats like me are now voting Republican.
     
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  6. TreasureHunter

    TreasureHunter Well-Known Member

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    It's the Trump from the Simpsons. He went from Hero to Zero. And his foot is still pushing the gas pedal!
     
  7. TreasureHunter

    TreasureHunter Well-Known Member

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    Hilarious how this thread became a Trump-related discussion :D

    Obama was worse than Trump. Cardboard puppet with a Muppet-attitude (I'm thinking of the teleprompter reading - when he kept looking left and right in order to read the script prepared for him).
     
  8. heartastack

    heartastack Active Member

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    I live in a trump state, and honestly, it’s like he’s not even president. Nobody really talks much about it and everyone just gets on with their lives. I love the fact I don’t have to talk about politics every day, just how I like it. He’s definitely getting back in for the reason that a lot of people like it that way too.
     
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  9. TreasureHunter

    TreasureHunter Well-Known Member

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    Perhaps because Biff went back into the past and he changed the future... So, Trump is trumpin' us now:

     
  10. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Looks like the bull run is here boys. No turning back now.
     
  11. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Yep gold is moving now. The boredom is over.
     
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  12. madaw1

    madaw1 Well-Known Member

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    Trump has done a lot to SilverStackers...gold went up $500 so far-waiting for more to come...
     
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  13. Davros10

    Davros10 Active Member Silver Stacker

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    I always reckon the umpires have had a good game if you're not talking about them at the games end. Maybe he holds the trump states for your reason above.
     
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  14. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    I'm buyin'......who's sellin'? Lemme kno'
     
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  15. TreasureHunter

    TreasureHunter Well-Known Member

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    It hit 1,611 $? Didn't I say we're gona hot 1,600 $ this week?

    The correction is prolly coming right now (profit-taking?). What do you think?
    (the MACD still not intersecting, so that's not predicting a downturn, but the RSI shows it's been overbought)
     
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  16. TreasureHunter

    TreasureHunter Well-Known Member

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    1,579 $ now...
     
  17. shinymetal

    shinymetal Well-Known Member

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    It will go up and down, that's what it does. That is until the USD is redefined as a fixed weight in gold. Then your gold is no longer measured in dollars, but your gold IS dollars.
    So the question is, WHEN the gold standard returns how much purchasing power will 1oz of gold have?
     
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  18. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    Wow, I'm not sure if it will "return". I think some countries might back their new currencies partially by gold. I'm not sure the US will be one of them. Probably China, Russia will introduce their own sorts of "gold standards"...
     
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  19. shinymetal

    shinymetal Well-Known Member

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    It's ok if you're not sure, I'm sure enough for both of us :)

    Gold shall destroy the FED
    It's just a matter of time :)
    Enjoy the show :)
     
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  20. TreasureHunter

    TreasureHunter Well-Known Member

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    After Iran's attack on the US bases, Trump said "everything is fine" and the US denied casualties.

    I think there's a probability that the US will withold itself from harsh retaliation in order not to harm the US economy.
    The dollar has weakened tremendously in the last 10 days.

    Trump could hold back from the escalation of the conflict (if he's smart). Otherwise the dollar will go down the train and gold will reach 2,000 $ in 1-2 months.

    Watch Trump in the following days, weeks (and Iran, Russia, Turkey etc.) - I think it's Trump's lips that'll predict the direction of Gold:

    https://edition.cnn.com/videos/poli...-following-iran-attack-rogers-sot-cpt-vpx.cnn

    https://edition.cnn.com/2020/01/08/politics/trump-iran-missile-attacks/index.html
     
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