Newmont breaking out of the box and going lower

26 Ağu 2022

The Bollinger Bands contracting inside the Keltner channel predicts an explosive move ahead that will last at least 8 days. Combine that with Newmont's Price Action creating a box which looks like it's breaking through. I would not be surprised if there was a retrace to the top of the box later today if action is aggressive, or Monday morning - then it's Sayonara Sucka.

I've already detailed all the reasons why in my gold/dxy threads why miners will experience more pain ahead. I'm selling OTM calls and buying ITM puts with the credit here. If it goes up, it's a squash - if it goes down, excellent revenue to average in at a lower price until miners turn around.

26 Ağu 2022

Not

The only events that would throw off this prediction are in order of probability of happening:
1. Nuclear incident in Zaporia Ukraine (since the reactor was turned off yesterday)
2. China invading Taiwan
3. Russia using tactical nukes or catching Zelensky
4. Cyberpandemic/Blackout

26 Ağu 2022

Not

Jerome Powell just mentioned Volker 5x in his small speech. Real rates will end up crushing gold and miners. Beware!

26 Ağu 2022

Not

Fed's Mester: Still In Negative Real Rates, We Haven't Even Gotten To Neutral Fed Funds Rate
- May Need To Take Rates Above 4% And Leave Them There

1 Eyl 2022

Not

This guy's calling for a $20 target and he's pretty inpressive with calls.

nitter.net/MacroStratChris/status/1561236170675200001

6 Eyl 2022

Not

Retraced up to the bottom of the box - now we can experience our freefall. Hope you bought puts!