THE DOT - if this turns orange or red be alert

Sunday, October 1, 2023


 Gold as I had written back in May, Bullion would try to paint a triple top pattern which they did so far despite China premium of 5%. Strategically they did in right before the 'Golden Week' holiday seems ironic but  retail China buys the most Gold in the days prior which might explain why China did not intervene as people got their Gold relatively cheaper. Parallel Silver was also turned down as China accumulates Silver by trashing it as long as moronic Bullion banks play along knowing that game is soon over as we head for buying season Q4/Q1 which naturally is a strong time for PMs. Golden week Shanghai  is closed but Hong Kong except Monday is open hence they can take advantage of lower prices. RSI and other indicators are already extreme as we are below daily and weekly Bolls which is capitulation buy territory at least for a strong bounce. As Mars switches signs from Libra (weak for PMs to Scorpio (strong for PMs) early Oct this will create an good opportunity - risk is down to 1800, upside minimum 1900 extended 1950 for Oct.

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I am a professional independent trader