NG

Back testing the parabola…
Back through the long term blue trend line which was previous resistance long term…

GDX closes above $23

We have been waiting for $23 to be held at the close in GDX for a few months. Let’s hope it can hold it and move up next week.

 

UCO…

WTIC hanging on by a thread…

SPX/RUT Daily…

50 SMA and blue trend line is hot!

Closed below 2444 support EOD…
RUT Weekly…
Next stop 1350…

Yuri on gold EW

Disagree with him on the highest degree (blue I and implied blue II).
Otherwise, inclined to agree.
We’ve started up in blue c of red B

https://t.co/w1TMa1nmkA

LABD…

2 perspectives…
Target hit…
Let’s see what happens next…

$TNX

For Ken S – More On My $9000 Target

Ken quite rightly asked me how my $9000 gold road map stacks up if you look much further back. I’ve posted this chart before, or at least one very similar. This is how I see it going back to the 1970’s, when we came off the gold standard. I view this as the second big bull market in a perpetual, ongoing, parabolic gold bull. Each successive bull will take us to a new order of magnitude. In the 1970′ s it was tens of dollars, in the 1980’s it was hundreds of dollars. Then came the long, protracted trading range. Now we have the next part of the bull, so far mirroring the first. We have just made it into the thousands of dollars, and by the end of this bull we will be close to adding another zero ($10,000). That’s the definition of exponential, so it’s not exactly surprising.

Points to note:

1) The gold cycle produces very marked, reliable lows in gold. We just had one.

2) Part 1 in the first bull move ended where I put the purple number 1. This is where we are once again.

3) You can see visually that this first bull move contains very similar sub-structures to our most recent one.

4) We’re expecting a breakout and move to a new point 2, as per the previous purple point 2. This time the target is around $9000

GDXJ 60 Min

GDX/DUST 60

NG popping, Volatility UP, WTIC flat lining, LABD UP!
Everyone making money or fantasizing?
Priming for DUST…
GDX…

DUST…

BULL descending wedge at support?