TG Watkins - Techincal Trader – Mon 17 Aug, 2020

A double top for the S&P and is gold’s correction over?

TG Watkins joins me to comment on the recent action in the S&P and gold market. TG is watching these current levels in the S&P for a potential double top dating back to February before the COVID washout. For gold TG shares a technical indicator that would signify the correction as being over.

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Comments:
  1. On August 17, 2020 at 12:04 pm,
    cfs says:

    I’m seeing rotation. Not inconsistent with a fundamental bull market.
    But I know nothing.

  2. On August 17, 2020 at 12:41 pm,
    bonzo says:

    Holy Toledo, Batman! NUG.V is up 20% today, from 15 to 18 cents. Who else is on board?

    • On August 17, 2020 at 12:43 pm,
      SilverDollar says:

      Count me in.

    • On August 17, 2020 at 3:44 pm,
      RICHARD/DOC says:

      Bonzo, I may have moved the market on this one today. I’ve owned a boatload of this stock and bought even more earlier today before the spike. I believe folks are buying in anticipation of their drill results later this fall–that does make me a little nervous.

      • On August 18, 2020 at 6:42 am,
        bonzo says:

        Doc, ditto for me. I also bought more early this morning before the spike.

  3. On August 17, 2020 at 12:45 pm,
    bonzo says:

    Buffet may wish he had bought NuLegacy instead of Barrick when they find another Betze-Post in the Red Hills. It’s Quinton’s favorite target in all Nevada. Listen to his interview with Chen Lin on YouTube. Maureen O’Hara was born 100 years ago today.

    • On August 17, 2020 at 1:58 pm,
      Marty says:

      BB, NOTHING LIKE A PRETTY REDHEAD

      • On August 17, 2020 at 2:33 pm,
        bonzo says:

        Yep, and in “Sinbad the Sailor” Maureen O’Hara may have been the prettiest redhead ever.

  4. On August 17, 2020 at 1:12 pm,
    bonzo says:

    NULGF closed at 14 cents today, up 25.5 % !!! And CNRIF was up big too!

  5. On August 17, 2020 at 2:14 pm,
    Marty says:

    Is this GOLD’s Cup with No Handle trip to 2700-2800?

  6. On August 17, 2020 at 2:18 pm,
    OOTB Jerry says:

    I said Friday…….after the Buffet news……..Monday should be interesting…..

    • On August 17, 2020 at 2:34 pm,
      OOTB Jerry says:

      Gold nice move today….up $50…..

      • On August 18, 2020 at 8:54 am,
        OOTB Jerry says:

        Monday and Tues………..very interesting……..moving on up…..

  7. On August 17, 2020 at 3:17 pm,
    BaluRoms says:

    What’s happened? : http://yogafordepression.site

    • On August 17, 2020 at 7:26 pm,
      Big Al says:

      Thank you for the link