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Blood Moon Rising

Thursday, July 26, 2018 9:01

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Source: What Is That Whistling Sound

On Friday July 27, a lunar eclipse will occur that at 1 hour and 40 minutes, will be the longest eclipse of its kind in 100 years.

It is interesting to note that often market tops occur at or within a day or two of a full moon.

While we have expected the gold market to bottom and turn up as we discussed on a recent post, the process is taking longer than anticipated. Perhaps the psychology around the yellow metal will finally change over the next few days with the eclipse/full moon as the trigger.

We also note that the commercial net short position in gold is now getting quite low, we will get a new number on it Friday afternoon.

Interesting to note are the exceptionally tight Bollinger Bands on the GDX gold mining stock ETF chart.

Let’s look at the charts:

Source: http://whatisthatwhistlingsound.blogspot.com/2018/07/blood-moon-rising.html

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