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Delusion of grandeur to be specific.

Delusions of Grandeur (Grandiose Delusions)​

Delusions of grandeur, also known as grandiose delusions (GDs), are a subtype of delusion characterized by the extraordinary belief that one is famous, omnipotent, wealthy, or otherwise very powerful or of high status. These delusions often carry religious, science-fictional, or supernatural themes

Key Symptoms
  • Belief in exceptional self-worth, power, or knowledge
  • Feeling of having a special relationship with a deity or famous person
  • Believing one possesses divine or supernatural abilities
  • Refusing to accept criticism or contradiction
  • Severe mood swings and impacts on personal relationships
Grandiose delusions commonly occur alongside other disorders
  • Bipolar disorder (~2/3 of patients in a manic state)
  • Schizophrenia (~half of patients)
  • Narcissistic personality disorder
  • Substance use disorder (~30% of patients (Wiki)
 
yeah it does look like theirs some bounds its trading within and coming to a culmination point.
Orange downtrend after the dig drop.
Blue necklines / floors.
Green horisontal price points of resistance.

Compaired to the 2011 run tho... gold is generally significantly healthier today in the GSR side.
Looking it it from a percentage basis, we started at over 100:1 and came down to 44 before bouncing...
All very compressed too.
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2010/11 had enough time for a decent bear trap to form. i woulndnt be surprised if we revisit the 45-55 range.GSR remained lower than the current ratio well into 2013 after the april 2011 spike.
 
I must admit that with all the issues happening in the Middle East I am very surprised that AU hasn’t increased markedly.

It’s almost as if the accepted rules of economics have been altered and irreparably changed.
 
I must admit that with all the issues happening in the Middle East I am very surprised that AU hasn’t increased markedly.
The AUD is one of the best performing currencies over the past year. Not sure how much harder/longer it can run. This is keeping commodities flat.
 
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Risk on/off behavior was already ON; and the subset of funds that sat as "Speculative Capital" had already been alloced into the Gold market to a great extent before the news struck on US >Iran strikes. At that point, speculative demand into OIL meant that many of those players exit FROM Gold to enter those positions...
Note: at least for the short term.
Flows from Oil to Producers, to Support services and then back into gold for the longer term, is the "Play"... but since gold exits to Oil causes exit supply, its likely to be left to over extend to the downside before its picked back up. That means potential shorting too.
 
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