Was this part of Trumps 5D chess game or simply a reaction by the gold traders based on the Fed throwing fresh meat in the pit on Wednesday?
Both metals launched the moment Fed Chairman Powell opened his mouth around 2:30pm EST time on Wednesday June 19, 2019. Both metals took a break in the late day and early evening but as soon as the Hong Kong market opened the metals were off to the races.
These are static images grabbed at 11:24 EST and as you can see there was the original jolt at 2:30pm Powell spoke, then the second blast going into the close of the day and then, WOW!, Hong Kong was waiting!
It will be interesting to see what happens around 2:30am EST just before London opens and then again immediately after London opens – two of the cabals favorite times to hit the charts and beat the metal into submission.
The charts below are live and will continue to evolve. This will allow us to see all the overnight action. When I awaken I will update after seeing where the bankers have stepped in or if the traders are moving the market the moment. Not sure the bankers will be able to beat all the gains out of charts before the close on Friday evening. If the charts stay strong throughout Friday Sunday evening could well be a the beginning of the second half of 2019. Currently, we approximately $40-$45 into what I have been saying will be north of $100 move for 2019.
