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David Chapman @davcha.bsky.social · 14h

The rebound continues. In order to overcome that bearish engulfing pattern of Oct 21 we need new highs in #gold #silver #goldstocks. Otherwise we'll continue to consolidate/correct that could take us into Nov/Dec. #Oil up more sanctions against #Russia. How to create #inflation.

David Chapman @davcha.bsky.social · 1d

After yesterdays wipeout #gold started sharply lower but has cut loss in half #Goldstocks currently flat. That could mean we'll start a consolidation with probably a drift lower. Support around 4100. #HUI #TGD finding support at 50DMA while #gold #silver 50 day at 3700 & 44.

David Chapman @davcha.bsky.social · 3d

Was Friday's action in #gold and #silver just a head fake?Rebound today. Will we see new highs or is this just a dead cat bounce. Serious reversals on Friday are not washed away with one days action. We're overdue for a correction. Talking about #gold as if it was a #meme stock.

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David Chapman @davcha.bsky.social · 4d

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Blowing bubbles. Trouble with #regionals and #subprime auto lenders? S&P 500/#Gold #Silver ratios, Markets topping? The pause that refreshes for the precious metals market? #Geopolitics calm down? #Protests in US.

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David Chapman @davcha.bsky.social · 6d

A #gold hiccup or the start of a bigger drop? After days of $50+ up moves TD we get a $50+ decline. Will ease the #overbought conditions. Support 3950/4000. Under that level a correction of higher magnitude could get underway. Still looking for potential key low in Nov/Dec.

David Chapman @davcha.bsky.social · 7d

#Gold #silver keep chugging higher ignoring overbought conditions. Is it a mania? Apparently not yet. #WallStreet pros still have low exposure to gold and the general public is still not in. #Gold has blown past targets. Our next target is 4400 #gold for #silver 54.25. Use stops.

David Chapman @davcha.bsky.social · 10d

Down one day. Up the next. Did #TACO man flip the switch? Or is it buy the dips? #Gold soars as do #goldstocks but #TSX closed TD. #Volatility rising. Records falling for #gold #silver #HUI. #Overbought is just a word. Keep #Stops. #Markets now getting potentially dangerous.

David Chapman @davcha.bsky.social · 11d

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#Market top? #Tariffs on China. TACO man reverse again? #Economy not in recession. #Consumersentiment in the cellar. #Gold's overbought condition about to correct? #Silver new highs after 45 years. #Bitcoin collapse? #Canada's job numbers blow away.

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David Chapman @davcha.bsky.social · 14d

Terrible day in #PM market as #gold #goldstocks tumble because of #peace #deal #Israel/#Hamas even as #silver makes all-time highs and is now in #backwardation. Support 3800, 46 #silver, 700 #TGD and $HUI 580. Break those and we're probabably headed lower. #Profit taking allowed.

David Chapman @davcha.bsky.social · 17d

Things deteriorating in the #US. #France on the edge. #Gold soaring again. 4000 within sight and #silver 50. No sign of a top. #stocks up again. Nothing seems to stop them. Times are becoming more dangerous.

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David Chapman @davcha.bsky.social · 18d

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#Shutdown! Result no #jobsreport and if we stay shut no #CPI and maybe others. Flying #blind. #Markets care? Nope new highs again despite overvalued but #gold keeps on rising and #silver near its record high. #Oil stocks being accumulated?

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David Chapman @davcha.bsky.social · 20d

The insanity of the #Stockmarket with #DJI up almost 500 points. #Overvalued #bubble ruled by #greed. #Shutddown? Who cares. What will prick it? #Gold up #silver marching towards 50 #gold 4000. #Goldstocks up but overall mixed. Support #gold 3700 #silver 44.

David Chapman @davcha.bsky.social · 21d

No weekly claims no #BLS jobs report. Shutdown. Now flying blind on #economy. Somehow excuse to take profits on #gold. #Stockmarket new highs again now reversing. Buying opportunity for #gold.

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David Chapman @davcha.bsky.social · 22d

Cash #gold through 3800 suggesting 4000 in sight. #HUI nearing record highs #TGD keeps making new highs. Still little sign of a top despite the move and overbought. But sudden correction not ruled out. Can't go broke taking a profit.

David Chapman @davcha.bsky.social · 25d

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New highs again #gold #stockmarkets but #stockmarkets closed down. Negative sign? Downside follow through. #GDP good but #consumersentiment in the dumps. #Market continues overvalued. #Gold to continue up with rising #geopolitical and #domestic concerns.

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David Chapman @davcha.bsky.social · 27d

Keep on rolling. With #PCE prices roughly inline #stockmarkets used it as an excuse to buy. #DJI #SPX etc. all up. But #gold also responded rising again with Dec futures over 3800 #goldstocks soaring again. #Silver is headed for 50. And we hear #war drums beating in Europe.

David Chapman @davcha.bsky.social · Sep 20

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#Rate #cuts as expected. #Economy slowing but #inflation sticky. #StockMarkets still soaring. But #gold soars too. #Geopolitical and #domesticpolitical issues deepen. #Bond #yields rise after #Fed cut. All time highs #SPX #DJI #NASDAQ and #Gold.

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David Chapman @davcha.bsky.social · Sep 19

Today is #triplewitching for #options market. #Gold up #silver up, #goldstocks up. #Gold holding above 3650 and especially 3600 is +ve. Need a firm breakout above 3700 to confirm next leg. #Silver above 43 as we head towards 50. In taking out 41 #silver it is signaling new highs.

David Chapman @davcha.bsky.social · Sep 17

25bp as expected. Hint 2 more cuts? #Fed not as dovish as they wanted him to be. Result #gold down #goldstocks reverse to down. Support 3600 3500. Danger below 3400. Takes off some of the overbought. But no this is not the end of the gold bull. #DJI still up. Flight to quality?

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David Chapman @davcha.bsky.social · Sep 17

We await the #Fed and a probable 25bp cut. #Gold off lows and #goldstocks up a bit after yesterday's down day. Note DJI up but other indices down. Ongoing move to blue chip? #Gold still destined to go higher. More after Fed.

David Chapman @davcha.bsky.social · Sep 14

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Extraordinary popular delusions and madness of crowds. Is the #stockmarket a delusion? Is the crumbling world of constant #polarization the madness of crowds? Either way none of it is good. But #gold, the ultimate safe haven keeps going up.

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David Chapman @davcha.bsky.social · Sep 12

#Silver hitting the lower end of our targets 42/43. Next target above is 44/45 but prefer solid close initial target over next few days. #Goldstocks quite overbought but can remain that way in a strong bull which it appears to be. #Gold still shy of target 3800. Buy dips.

David Chapman @davcha.bsky.social · Sep 11

Once again quiet CPI but weekly jobless claims surprised to the upside. Nonetheless, #gold still down on the day off lows. #Silver up small. Targets 3800 #gold 42/43 #silver remain. Those are nearby targets as higher ones can also be seen. Lots happening #Doha #Kirk #Poland.

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David Chapman @davcha.bsky.social · Sep 10

With softer #PPI then expected it has helped #gold push higher. #Geopolitical dangers (#Israel/#Quatar) (#Russia/#Poland) may elevate. An increasing dangerous and divided world. The flight to #gold by this definition is not an accident. Many believe we are still early in a mania.

David Chapman @davcha.bsky.social · Sep 7

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There is just too much #debt. The #centralbanks are running out of bullets. #Jobnumbers weak in Canada and US. Odds of #ratecuts on Sep 17 in both Canada and US rise. #Stockmarket tops then reverses. #Gold soars. This week #inflation numbers.

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