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Created on: 4/9/2021 7:06:55 PM   Last Update: 4/9/2021 11:23:28 PM Posted by: RTT
WARNING: This entry is 1171 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.

1 POST Gold Gann Angle Update
gold-gann-angle-updateThe Biden Yellen team have made their play, and it is not US dollar friendly.

Janet Yellen speech named "International Priorities — Remarks to The Chicago Council on Global Affairs" (here) can be summed to (via Luke Gromen) :


The US is accelerating a move away from "subjugating the US middle and working class to support the USD", to "subjugating the USD to support the US middle and working classes".



Well the above is true, but as we all know large US deficits and the trend of the US dollar are joined at the hip, and that trend is down 'huge'.

Gold has pulled back recently and the question is: Is the low in?

Gold has pulled back to 1x4 Gann Angle, plus the 'T Theory' indicator suggest a low is also in, so this blog sides with the positive and continue to look for higher gold prices.



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Gold Gann





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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.


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Investing Quote...

..."By knowing the exact vibration of each individual stock I am able to determine at what point each will receive support and what point the greatest resistance is to be met"...

William D Gann


.."Just because you do not take an interest in politics doesn't mean politics won't take an interest in you"..


Pericles

.."A businessman cannot force you to buy his product; if he makes a mistake, he suffers the consequences; if he fails, he takes the loss. If bureaucrat makes a mistake, you suffer the consequences; if he fails, he passes the loss on to you"..


Ayn Rand

.."A socialist is someone who has read Lenin and Marx. An anti-socialist is someone who undertstand Lenin and Marx"..


Ronald Reagan

..“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”..

Bernard Baruch




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