Hey Jim,

Bullion banks taking the other side of the trade? Sure looks like it. The money flow footprint is highly unusual for a B to C wave transition. Normally, the bullion banks reduce their short positions before the C wave advance.

CIGA Eric

Click charts to enlarge

Greetings Jim,

Friday’s gains in the price of gold have brought the Gold Currency Index up to the top of the developing pennant formation (chart attached). Another strong session would result in a confirmed breakout and predict a move back up to the all-time high from earlier this year.

Best,
CIGA Erik McCurdy
Prometheus Market Insight

Dear Erik,

The battle still rages, but soon, very soon.

Jim

Dear Jim,

Attached is legislation in the PA House of Representatives, HB 492.

This looks like such open-ended legislation that it may amount to a declaration of martial law in the Commonwealth of Pennsylvania, in the event of a “pandemic.” Look at page 18, line 22, regarding “firearms.”

CIGA Rusty Bayonet

Click here to read the bill in PDF format…

Dear Rusty,

You think it will end after the Flu season?

Regards,
Jim