Author | Lightnews

David Chapman @davcha.bsky.social · 22h

Good news. #Halloween is not exactly scary as markets do little on the last day of the month. Bounce back in #NASDAQ because of #Apple earnings but #gold market relatively flat. So #HappyHalloween and good luck to the #BlueJays tonight.

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David Chapman @davcha.bsky.social · 1d

#Gold bounces back. #Stockmarkets stumble but not the #DJI. #DJI a safe haven? #Volatility increasing? Confusion over what #Fed does next. #Gold resistance now 4000 4100. Above 4275 new highs probable. Support 3900 3800 3700.

David Chapman @davcha.bsky.social · 2d

The #Fed cutting 25bp as expected sparked a pullback for #gold #silver and the #stockmarket. Irrespective the #gold #silver correction is not over and we expect this to last into November even December. Support areas are 3700 and 3300 the latter which we expect not to see.

David Chapman @davcha.bsky.social · 3d

Another down day for #gold? Under 4000. Could 3700 support be next? Bounce back? #Goldstocks finding some support but not yet oversold where buying op exists. #Silver support 46. #Stockmarkets make new highs again but #fear & #greed index registering #fear. Suggests higher still.

David Chapman @davcha.bsky.social · 4d

Another whack day for #gold as #China #US talk nice on trade. Support 3700/3750 and the 50-dma. Can't rule out a drop to there. 200-dma further off at 3300. #Silver 44.00/44.50. #HUI could fall to 500 and #TGD to 600. Looks to me like its a 4th wave up from Dec 2024 low.

David Chapman @davcha.bsky.social · 5d

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#Gold whacked. #stockmarkets soar to new highs. #Inflation benign. #Sanctions spark #oil rise. The #shutdown continues now 26 days. Where will all this end?

enrichedinvesting.com

David Chapman @davcha.bsky.social · 7d

After being down earlier #gold #silver have bounced back. US #inflation more benign but still stickily above the Fed's targets. Expectations high of a Fed cut next week and probably next month too. That helped #gold recover although #goldstocks remain down but off their lows.

David Chapman @davcha.bsky.social · 8d

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 · 9d

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 · 11d

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 · 12d

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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.

enrichedinvesting.com

David Chapman @davcha.bsky.social · 14d

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 · 15d

#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 · 18d

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 · 19d

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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.

enrichedinvesting.com

David Chapman @davcha.bsky.social · 22d

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 · 25d

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 · 26d

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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?

enrichedinvesting.com

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David Chapman @davcha.bsky.social · 28d

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 · 29d

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 · Oct 1

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 · Sep 28

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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.

enrichedinvesting.com

David Chapman @davcha.bsky.social · Sep 26

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.

enrichedinvesting.com

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.