We now have nearly perfect configuration. All that needs to happen is for prices to fall to confirm. Details…..details 😉
Looks to be on the money (green line).
Relating to Plungers post here. I saw Maloney´s posting yesterday.
I have also mentioned QE4 in a few postings the last weeks. And yes, I think we might be there. And it would make all the sense in the world not to tell us at some point if they have restarted it or which QE-nmbr they are on.
Sorry for all the posts on the USD but it is Key to all CRB trades going forward.
First chart shows a 1 year plus chart of the USD and its last 4 Intermediate Cycle (IC) trend lines (4-5 months on ave). Note that the IC from Dec 2014 did not break the IC trend line (bullish) but the last two did. Also note what happens when an IC trend line fails (We have seen this with Gold over and over the past 4 years).
Well the USD IC Trend line failed yesterday and is dropping again today. Unless this is a head fake FBO, watch out below as we are only in week 6 (USD ICs last 18-23 weeks low to low on average).
The next chart is for Gold that I sent to Norvast late last night. I have mentioned a couple of times that the Gold Cycle counts have me a bit muddled. This could very well be the TC2 High on day 20 which would be the norm but I don’t see how Gold will drop with the USD going down. So if my cycle analysis on the dollar is correct, perhaps have already made a TC2 low 6 days ago.
What if we are now in day 6 of TC3 rather than day 20 of TC2 (normally see a TC high near day 20 in TC2). Note that the Fork is not technically correct but I use this approach out of IC Lows and find that it channels price fairly accurately into Highs. If this is TC3 and gold closes above 1158 today we may well see a test of 1190-1200 by late next week
here is a link to 15 minute gdx
to refresh place cursor on the link below and hit enter, it will refresh, don’t hit update on stockcharts or chart will revert to daily
watch the slowsto(144) and slowsto(60), when they cross below 80, look to short, especially if they cross below simultaneously
chart is too big to paste
Gang (knights) this is pretty important. An derivatives dislocation blow up just happened and the FED of course kept it under wraps. This is what the credit spread spike was all about. Somewhere a bank just blew up and the FED rescued it. So the question is was it just phase one and the big one is coming down the pike? Check out these charts, the article and the video. Maybe this is what is driving gold.
The source of the fire?
Some are saying we hit 1956 explode to 2040 THEN DROP LIKE A ROCK!
Every trade is in good profit…so I am going to bank it all now and see what happens over the weekend. Can re-enter next week on any pullback. Prefer cash going into the weekend.
Chartology Forum Members Know Deep Voice very Well
“Even though commodities have bottomed, gold and oil are not even close regarding price. Today should tell the story.”