What's new
  • ICMag with help from Landrace Warden and The Vault is running a NEW contest in November! You can check it here. Prizes are seeds & forum premium access. Come join in!

Gold bugs!

St. Phatty

Active member
Let's give it another go...

sort of wierd for it to just park at 1980.

that's like the 1-yard line in a football game.

in such a volatile market, with 2000 having some kind of number significance, to the market ?

wonder how many times it will cross $2000 during the trading session, before closing above $2000.

of course us egotistical Americans define "closing above $2000" as the market that closes at 5:15 Eastern.
 

brickweeder

Well-known member
sort of wierd for it to just park at 1980.

that's like the 1-yard line in a football game.

...with 2000 having some kind of number significance, to the market ?


2000 is a round number, and resistance usually happens at round numbers. if/when we approach 3,000, same thing will probably happen. Recall 2008, golds consolidation had an upper resistance line in the 1000 zone, give or take. Took a year and half for it to finally and solidly break and monthly close above the 1k mark. For the 2K mark, it will probably be quicker now that we are here again (2011 was over 1900, not quite 2000, but pretty close). But we'll only be able to know this for sure with hindsight from the future (hopefully near-term).
 
Last edited:

gladysvjubb

Active member
Veteran
Do not be surprised if she just keeps going.
After all, it is a bull market.
Crypto is where the action is.
 

igrowone

Well-known member
Veteran
the 2000 barrier is crossed, time to sub to watch the whole story
is this going to bring the Dracos back?
 

Latest posts

Latest posts

Top