Latest news with #Gann
Globe and Mail
a day ago
- Business
- Globe and Mail
Gold Stopped by Another 78.6% Fibonacci Retracement
Gold Analysis The chart is key to this analysis. (GCQ25) From last week, The market held 38.2% at 3195.00 on 5/15/25 keeping the trend very strong, but has been unable to make a new high since then. It did fail to make a new high at a 78.6% retracement on 6/16/25 and that did send the market over $200 lower and is caught between 78.6% retracements. Overall even with the sideways trade since the ATH the trend remains very strong. The key area to get through above is 78.6% of the 6/16/25 high and 6/30/25 low at 3426.00 and the 3446.20 major Gann square, failing to get above this can send the market quickly lower, when and if it can clear this area it can cause another sharp rally like the one between 4/7/25 and 4/22/25. This week's high hit the key area above between 78.6% (3426.00) and the 3446.20 major Gann square. With 3426.00 being a 78.6% retracement we will be using the ONE44 78.6% rule for the short term target. It has hit a 78.6% retracement twice before, once on 5/7/25 and that sent it to 38.2% back to the 11/14/25 low at 3198.00 on 5/15/25 and then on 6/16/25 when it sent it back to the previous major Gann square at 3292.50. We will be watching to see if this can be the end of the Bull run for now, or just another setback building for another big run higher. Use 3446.20 as the swing point for the week. Above it, there are only major Gann squares above to look for resistance and then use as the swing point when closed above, the next two are 3619.60 and 3774.40. Below it, the short term target is 78.6% the other way at 3292.50, per the ONE44 78.6% rule, this is also a major Gann square. If this is all it can setback, look for a quick run to new highs. The longer term target is 23.6% back on the continuation chart at 3107.00. The long term swing point from the same move is 38.2% at 2840.00. You can sign up here for Free Gold, Crude Oil, SP500 & Bitcoin Updates. ONE44 Analytics where the analysis is concise and to the point Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the underlying structure of all markets and Gann squares. If you like this type of analysis and trade the Grain/Livestock futures you can become a Premium Member. You can also follow us on YouTube for more examples of how to use the Fibonacci retracements with the ONE44 rules and guidelines. FULL RISK DISCLOSURE: Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Commission Rule 4.41(b)(1)(I) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Past performance is not necessarily indicative of future results.
Hindustan Times
5 days ago
- Hindustan Times
Who is Michael Gann? Man accused of plotting to set off homemade bombs he had stashed across NYC
A New York man has been indicted after plotting to set off homemade explosives he had stashed at sites across New York City, prosecutors have revealed. 55-year-old Michael Gann built at least seven improvised explosive devices last month, using chemicals he bought online in May. He then took the bombs to Manhattan, according to an indictment, ABC News reported. Who is Michael Gann? Man accused of plotting to set off homemade bombs he had stashed across NYC (Unsplash - representational image) Who is Michael Gann and what is he accused of? Gann is from Long Island, and has been accused of storing some of the devices on the rooftops of adjoining residential buildings. He allegedly also threw another onto the subway tracks on the Williamsburg Bridge, according to prosecutors. Thankfully, the devices did not injure anyone. Gann was arrested near the buildings in June. Authorities said that at the time of his arrest, he had one of the devices in his possession. According to the indictment, public court filings and a complaint, 'In or about May 2025, GANN ordered approximately two pounds of potassium perchlorate and approximately one pound of aluminum powder—precursor chemicals—online, along with over 200 cardboard tubes and over 50-feet worth of fuses. In or about early June 2025, GANN received his packages containing the precursor chemicals and other supplies, mixed the precursor chemicals together, applied a flame to the mixture, and caused an explosion. GANN subsequently assembled at least seven IEDs using the precursor chemicals, cardboard tubes, and fuses.' It added, 'GANN stored the precursor chemicals and at least five IEDs, pictured below, on the rooftops of residential apartment buildings in SoHo. The pictured black device contained approximately 30 grams of explosive powder—approximately 600 times the legal limit for consumer fireworks.' Gann even went on to store four shotgun shells on the same rooftops, which he had decided to combine with one or more of the IEDs. He has been accused of throwing a sixth IED onto the subway tracks on the Williamsburg Bridge. Michael Gann accused of 'putting countless lives at risk' In a statement, Jay Clayton, the interim US attorney for the Southern District of New York, accused Gann of putting 'countless lives at risk.' 'The safety of New Yorkers is paramount,' said Clayton, according to the United States Attorney's Office. 'As alleged, Michael Gann built explosive devices, stored them on a rooftop in SoHo, and threw one onto the subway tracks—putting countless lives at risk. Thanks to swift work by our law enforcement partners, no one was harmed. That vigilance assuredly prevented a tragedy in New York.' Gann has been charged with attempted destruction of property by means of explosives, transportation of explosive materials, and unlawful possession of destructive devices. Should he be convicted on all counts, he could face up to 40 years in prison. After a bail hearing, a judge ordered that Gann be detained. Gann's lawyer, Martin Cohen, has yet to comment on the matter. 'Michael Gann allegedly produced multiple improvised explosive devices intended for use in Manhattan,' said FBI Assistant Director in Charge Christopher G. Raia. 'Due to the successful partnership of law enforcement agencies in New York, Gann was swiftly brought to justice before he could harm innocent civilians shortly after his dangerous actions became known. The FBI's Joint Terrorism Task Force is enduring in its commitment and determination to protect the homeland.' NYPD Commissioner Jessica S. Tisch also commented on the incident, saying, 'This defendant allegedly stockpiled homemade explosives and traveled to New York City with these deadly devices. He threw one of these devices onto an active subway track and stored others on the rooftop of a residential building, but because of the skilled investigative work and swift response from the NYPD and our partners, we were able to intervene before he caused any harm. I am grateful to the members of the NYPD, FBI, and the U.S. Attorney's Office for all the work they do every day to keep New Yorkers safe.'
NBC News
6 days ago
- Politics
- NBC News
Helped by AI, man built bombs he planned to detonate in Manhattan, officials say
Federal prosecutors indicted a 55-year-old Long Island, New York, man Tuesday, alleging he built seven homemade bombs with the help of artificial intelligence, a process he called 'easier than buying gun powder,' according to court documents. The man, Michael Gann, transported the bombs from Long Island to New York City and stored five of them and four shotgun shells on an apartment building rooftop in the SoHo neighborhood, officials said. He intended to combine the shotgun shells with one or more of the improvised explosive devices, they said. On March 27, Gann posted a message to President Donald Trump's official X account, the indictment said. 'Dear @POTUS, I'm thinking just now here in NYC that it's too bad that the wall wasn't built before the National Guard would have to come here for the Protests and Riotation," he was said to have written. "Or would you just drop a bomb on this place while and because they seem to be coming and coming?' Five weeks later, Gann was arrested after he posted on Instagram, "Who wants me to go out to play like no tomorrow?" according to authorities. Gann has not yet entered a plea, and his attorney declined to comment. Ordering online Gann told law enforcement officials that he used two household compounds that he ordered online to make the improvised explosives, according to court documents. He also purchased over 200 cardboard tubes and more than 50 feet of fuses. One of the devices he built had roughly 30 grams of explosive powder — about 600 times the legal limit for consumer fireworks. Officials said he appeared to have acted alone was not acting as part of a group. "Gann allegedly produced multiple improvised explosive devices intended for use in Manhattan,' said Christopher Raia, the head of the FBI's New York field office. 'Due to the successful partnership of law enforcement agencies in New York, Gann was swiftly brought to justice before he could harm innocent civilians." One of the witnesses, a U.S. military veteran, told the FBI that as Gann was mixing the explosives in Inwood, New York, a town in Long Island, he said, 'what kind of veteran are you? You see a problem going on in the neighborhood and you do nothing about it.' 'Gann then pointed to a Jewish school,' according to a criminal complaint that was filed at the time of his arrest. A second witness agreed to make phone calls to Gann while the FBI listened in, according to the criminal complaint. Gann told the witness in one call that 'he had lit one of the devices near the East River on the FDR Drive; that the device had exploded, scaring Gann,' it says. Gann then said, according to the witness, that he was considering disposing of the remaining five devices by throwing them into the river or turning them in to the New York City Fire Department. On June 5, the day of the alleged call, law enforcement agents saw Gann walking down the street carrying a shoulder bag, according to the complaint. When the agents identified themselves to Gann, he told them he was on his way to the fire department to drop the devices off, it says. After being read his rights, Gann told law enforcement officials that he 'wished to make pyrotechnics and used artificial intelligence to learn which chemicals to purchase and mix,' the complaint says. It says Gann created four devices initially and threw three from the Manhattan side of the Williamsburg Bridge. Two devices fell into the water, and one fell on the train tracks and was recovered near there. "Gann built explosive devices, stored them on a rooftop in SoHo," interim U.S. Attorney Jay Clayton said, 'and threw one onto the subway tracks — putting countless lives at risk.'
Yahoo
6 days ago
- Yahoo
Man Arrested on Accusation of Making Explosive Devices and Placing Them Around New York City - Including on a Subway Track
A Long Island man was arrested last month and charged in connection with attempting to blow up several homemade explosives around Manhattan, federal prosecutors announced this week. Authorities said Michael Gann was taken into custody after he had allegedly already placed one of the explosives on a subway track on the Williamsburg Bridge on June 5, 2025. According to the Justice Department, the 55-year-old man had placed the explosive on the tracks before placing five more explosive devices and a handful of shotgun shells on the rooftop of a residential building in the SoHo neighborhood. It's unclear how law enforcement became aware of Gann's alleged activity on June 5. A federal indictment included in the news release showed at least one security camera image of Gann holding a bag and appearing to walk on the rooftop where authorities allege he placed five of the explosives. About a month earlier, in May, the Justice Department alleges that Gann ordered about two pounds of potassium perchlorate and another pound of aluminum powder, along with more than 200 cardboard tubes and 50 feet worth of fuses. Using these items, Gann allegedly created at least seven explosive devices. The Justice Department alleges that in one of the devices Gann created, there was 'approximately 30 grams of explosive powder — approximately 600 times the legal limit for consumer fireworks.' When Gann was arrested, officers found a seventh explosive device on his person. He allegedly then falsely told police officers he had thrown the rest of the explosive devices away in a dumpster elsewhere in Manhattan. The suspect's internet history over the two months leading up to his arrest included at least a dozen searches about procuring a gun or the ingredients to make explosive devices, according to federal authorities. Authorities also allege that on the morning before he tossed the first explosive on the New York City subway track, Gann took to Instagram and cryptically wrote: 'Who wants me to go out to play like no tomorrow?' Want to keep up with the latest crime coverage? Sign up for for breaking crime news, ongoing trial coverage and details of intriguing unsolved cases. Gann has been charged with one count of attempted destruction of property with an explosive, which carries a mandatory minimum of five years in prison and a maximum of 20. He was also charged with transporting explosive materials, which carries a maximum of 10 years in prison, as well as a charge for unlawful possession of destructive devices, which also carries a maximum sentence of 10 years in prison. 'The safety of New Yorkers is paramount,' U.S. Attorney Jay Clayton said in a statement, crediting 'swift work' by law enforcement to stop Gann before he could cause any damage. PEOPLE reached out to an attorney who is representing Gann but did not immediately receive a response on Wednesday. Read the original article on People
The Hill
6 days ago
- The Hill
Man charged with building, placing homemade IEDs in NYC
A New York man was indicted on Tuesday, accused by federal prosecutors of building and placing homemade improvised explosive devices (IEDs) at two apartment buildings and on the Williamsburg Bridge subway track. Michael Gann, 55, is accused of assembling a total of seven IEDs using the precursor chemicals, cardboard tubes and fuses in June. One of the devices contained approximately 30 grams of explosive powder, which amounts to 600 times the legal limit for fireworks, the U.S. Attorney's Office for the Southern District of New York said in a press release. Prosecutors also said Gann stored at least four shotgun shells on the residential rooftops in Manhattan's SoHo neighborhood, which he intended to combine with one or more of the IEDs. The release made no mention of motive. Gann faces charges of attempted destruction of property by means of explosives; transportation of explosive materials and unlawful possession of destructive devices, the release states. 'The safety of New Yorkers is paramount. As alleged, Michael Gann built explosive devices, stored them on a rooftop in SoHo, and threw one onto the subway tracks — putting countless lives at risk,' United States Attorney for the Southern District of New York, Jay Clayton said in a statement. 'Thanks to swift work by our law enforcement partners, no one was harmed. That vigilance assuredly prevented a tragedy in New York,' he added. FBI Director Kash Patel lauded the work undertaken by the New York Field Office. 'The FBI's mission is clear: protect Americans before harm is done. Proud of our agents, @NewYorkFBI and our partners in New York for dismantling this IED plot and protecting innocent lives,' Patel wrote in a Tuesday statement on X. 'Anyone who threatens Americans with terror will be hunted down and brought to justice,' he added.
