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Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label 200 day moving average. Show all posts
Showing posts with label 200 day moving average. Show all posts

Friday, May 19, 2017

Gold stabilizes over $1250 as price moves to highest level in five weeks

Beginning eight days ago, the historic beatdown of gold appears to be over as the precious metal will close out Friday's market session with the first positive week in over a month.

Solidifying a price back over $1250, gold's move over the past eight days has also pushed it back over its 50 and 200 day moving averages, signalling a strong sign that the price will continue to move higher in the coming days and weeks.

“Specifically, support is being provided by the 50- and 200-day moving averages at around the $1,245-$1,248 area, while resistance…sits at $1,265,” he said. “If support at around $1,245 breaks decisively, then the next bearish objective would be $1,237, which was previously resistance. Thereafter, the bullish trend line would come into focus.” - Market Watch

Saturday, May 13, 2017

Gold and silver appear to have reached a bottom as record amount of short covering has taken place

The recent beatdown in the prices of both gold and silver has been relatively historic as up until Thursday, the metals had seen 14-17 straight days of declines.  And the reasons for this have been a combination of fewer buyers, negative sentiment, and massive short covering.

Bullion banks used this demise in sentiment as the means to smash down the price using tens of thousands of naked short contracts, and relied upon the predicted reactions of commercial buyers to close out their long positions when margins grew too high.  And once prices fell below not only the recent achievement of their 200 day moving average but also their 100 day MA, these banks began covering their shorts en masse leading to what appears to be a bottom for the metals at around $1215 for gold, and $16.25 for silver.

kwn-sentimentrader-iii-5122017

Tuesday, April 11, 2017

Gold price could have smooth sailing to $1300 per ounce after 2% climb and crossing 200 day moving average

On April 11 gold climbed more than $20 in intraday trading to close at $1273.  This 2% move was the third attempt in recent weeks to pierce through the hard resistance of its 200 day moving average and is a strong signal that the price could quickly move to or beyond $1300.

Live New York Gold Chart [Kitco Inc.]

With Trump threatening North Korea, Putin on the tape over Syria, China threatening 'red lines', and French poll data sparking panic across the pond, it seems safe-haven buying is suddenly de rigeur as Gold tops $1275 for the first time since the election, breaking above its 200-day moving average. - Zerohedge

Tuesday, March 28, 2017

Gold and silver hitting tough resistance at key levels of $1260 and $18.50

Following the Fed's move two weeks ago to raise interest rates by a mere quarter point, the Dow has fallen seven days in a row, the dollar has dropped over 250 bps, and gold and silver have risen by several percentage points to levels not seen since last November following the Presidential election.  And while the two primary metals have experienced hardly any days of losses since March 15, they are now running up against hard resistance points at $1260 and $18.50 respectively.

Gold traded through one trend-line (August-present) it struggled with just a few days prior, but came very near another trend-line (off the July high). Also, it failed from just above the 200-day MA and below the late February peak. Risk is heightened of a decline from the area between here and 1264. 
Silver is trading very near the July-present trend-line and right around the 200-day MA. Bearish price action has yet to present itself (i.e. - key reversal bar, engulfing bar, etc.), but the stance is neutral to bearish at this juncture with resistance at hand in both gold and silver, along with support for the US dollar. - Daily FX
Should both metals be able to break through these hard resistance levels then it appears technically there will be relatively smooth sailing to $1300 for gold, and potentially $21 for silver as they will both have crossed above their 200 day moving averages.

Right now gold and silver are back to working in tandem against movements from the U.S. dollar.  And if the U.S. currency, which came close to falling below its own 200 day moving average on Monday morning at 98.62, should break through that level with strength, then it will most likely lead to both gold and silver soaring past these hard resistance levels and open up the Bull Market to investors who have been waiting for this to happen on their technical charts.

Sunday, March 26, 2017

Gold and silver climb on Sunday open as dollar within 70 bps of critical 200 day moving average

As markets opened for Asian trading on Sunday evening in the Western time zones, the dollar continued its slide downward following the House's failure to bring about a healthcare vote to the floor.  And with gold moving up nearly $10 in the first couple hours of global trading, it may only be a matter of days or even hours before the dollar falls below, and gold crosses above, their 200 day moving averages.

On Friday the dollar index showed a close for the USD of 99.77, and had already dropped below its 50 and 100 day moving averages earlier in the week.  And with Congress appearing to be in a stalemate following the healthcare vote debacle, the markets are not trusting in the legislature to be able to deal with upcoming debt ceiling discussion that is currently ticking down for the government.


Gold and silver on the other hand are both becoming beneficiaries of the dollars free fall, and the Fed's inability to deal with economies ongoing stagflation.


Monday, February 8, 2016

Got Karatbars? Gold on the cusp of crossing $1200 an ounce as metal up over $100 in last 30 days

In just the past 30 days, gold has soared higher by more than $100 and more importantly, has broken through several key technical levels suggesting that the metal is now becoming a supreme safe haven for people bailing out of stock and bond markets.

In fact, gold has climbed $35 on Feb. 8 alone, and touched just below $1200 per ounce earlier in the session.
The bid for precious metals is accelerating. Gold just broke above its October 2015 highs to 8-month highs. Silver is also bursting higher, soaring above its 200-day moving-average. - Zerohedge

January 2016 gold chart


February 2016 gold chart


Feb. 8 gold chart

Pushing through, and closing above $1200 per ounce will trigger a great technical confirmation which should bring in more interest as gold validates a growing lack of confidence in currencies.


With gold shortages occurring in country's around the world, and the price now set for a huge takeoff, what options are available for you to protect your wealth and get in on the best performing asset of the new millennium?


You can do this with a company called Karatbars



Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.


The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.