August 11 Weekend report – Think Happy Thoughts
PART 1
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Yes, that Theme Picture is a real un-doctored Gold Chart that I captured 'live' one night at midnight as I was writing my report. In this report I wanted to show you some things that You may find quite interesting about that time period...
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You may not even remember June 3, 2016 or June 23, 2016, when they actually should be very hard to forget. I want to tell you the story, so that you at least you know what possibilities do exist 🙂 I write my reports later at night, and Gold was slowly rising from $1250 one night when I started writing it. Well, it started ramping up and just kept going, rising up almost $90 to $1241.90, as captured by me in the Theme pic live late that night. It did NOT stop there. It actually jumped $109 points that day. Let me tell you a story ...
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In May 2016, Gold sold off into an ICL. Interestingly, it dropped from $1310 to $1200, and you could say that from May 17th to the end of May it was all red, red, red, day after day. THAT KIND OF SELLING GETS TIRING 🙂 I say that because we just sold off from $1314 to $1204 too, almost the exact same amount (but we took 2 months to do so, VERY TIRING). Back to 2016, we had our ICL in place at the end of May, but it just went sideways for 2 days. On day 3, or 4 days after the lows were in place, Gold went Boom! It took off, rising up almost $40 in 1 day, and kept on going for 2 weeks. After a brief pull back, BOOOOOOOM! That Pop of $110 followed.
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THIS IS GOLD NOW, and we also just sold off from $1313 to $1204, it has just taken longer. When the contract changed to December, this chart was altered a bit, so I will show the Spot Gold chart too, for accuracy. It shows the NEW low that Gold traded at when it hit $1204.
SPOT PRICE - 2016 took 1 month from 1300-1200, but this has taken 1.5 months