Goldtent TA Paradise

is ill-informed, selective, misses out data going back literally one million years (forget the ‘missing’ 1970’s data). 33 years in meteorology, having sight of all the data and all the hard working ‘geeks’ like me who are trying to lay it out. Yes, there are points of discussion and disagreement as there always are in science, but this blanket ‘debunking’ of what is perceived to be the mainstream view is going to far. Have you ever heard the term ‘don’t throw the baby out with the bath water’ ? It means, just because there are some mistakes/errors/unknowns, it doesn’t mean it’s all wrong.

I do not intend to argue my point here – I have a life to live and really can’t be bothered trying to change peoples very fixed views. I’m sorry to say this is fast turning into a site for tin foil hat wearing conspiracy theorists. Yes, this type of mis-information deeply offends me after a lifetime working in this area of science. Seeing this literally made me want to puke. It sounds so convincing to those who know nothing about the subject – as all these things do… 5G causes coronavirus in case you didn’t know – literally tens of thousands of people actually believe that, just like in the 1800’s people believed sitting on a train would kill you because the air would be moving past too quickly. The Earth is flat, and the moon landings never happened. I’m actually sick of all this bullshit now.

Fully – can I respectfully ask you to delete my account. I do not intend to return.

Perfect Backtest and indicators turning up…

The bulls need to step up now. They may be able to off the inevitable for a while, but as I’ve been saying for a very long time, the odds are stacked in favour of a downside collapse because the Dollar cycle low is coming this way.

The recent surge has been aided by the falling Dollar. By my calculations the next PM (and commodity) surge will be helped again by the Dollar dropping in a much more decisive manner, leaving the Dollar bulls nowhere to run anymore. There will be no denying the reality of the Dollar cycle and the upcoming low that I’ve been highlighting for years now. As long as the arc continues to act as resistance I will maintain this view.

Downside should be relatively limited if the arc holds support

Here’s my take…

and zoomed in…

This is getting ridiculous, I have to admit  https://www.cnbc.com/2020/08/21/who-warns-a-coronavirus-vaccine-alone-will-not-end-pandemic.html

But where exactly ? This chart shows my personal assessment of the probabilities associated with each Fibonacci retracement level reversing the decline.

Edit: Silver chart added…

Quite a lot to take in with this chart, but compare golds basing formation with the Dow megaphone. I don’t think it’s going to end well for the DOW. I have a really strong feeling that something is going to snap towards the end of 2022. I don’t know what or why ( a banking crisis maybe ?). The result seems likely to be what takes us to golds 8 year cycle low in 2023. Beyond that, if I’m right, the DOW plunges further as we see a huge rotation into precious metals (hence my hunch it could be a banking crisis, causing lack of fait in FIAT, on a scale we haven/t seen up till now). This results in surging PM ‘values’ in an even more rapidly debasing currency. So there you have it…just when you thought things couldn’t get any worse…

It’s clear that the Warren Buffet News brought a ‘knee-jerk’ reaction. This news will now sink in slowly whilst the correction takes place. The REAL effect of what just happened will come in the months and years ahead. If it plays out as my recent charts suggest. it’ll take some bravery to be buying when many are saying it’s all over. Fortune favours the brave.

Well, it bounced just where I thought it would. I’m proposing a bear flag and subsequent collapse to tie in nicely with my gold/silver price projections. Of course. it might not happen quite like this, but it shows my overall expectations.

I’ll update this if it deviates from the indicated path

Sometimes I like to throw in something from left-field, like the CCI analysis, just to show what’s technically possible from a historical point of view. Another way of trying to get a handle on where we MIGHT be going is looking at gold in other currencies. Remember $gold is the last to tread this path. With that in mind, I’ve got gold in GBP below. Some great similarities to be seen…

The CCI indicator going back to the 1970’s…EVERY time we’ve been this high, a correction of at least 25% and 6 months has followed. Don’t shoot the messenger, just a casual observation.  It might be different this time, and regardless of a large correction, we will still be in a bull market, even if many lose faith.

I’m betting history repeats here. Big patterns, big moves …is that a Rambus quote ? Whoever said it, they’re right.

https://www.kazatomprom.kz/en/media/view/kazatomprom_announces_2022_production_plans

I think the next few weeks/months could get pretty exciting in the ‘U’ space

I posted this chart a while back. I’ve added new comments in red. Initial target achieved.

Just a reminder of a recent chart I posted.

Edit : After I posted this, the market opened and Mega Uranium is up 8%

Must be getting very close. As I’ve said before, it could be $200 to $300 when it comes. GDX really wanted to achieve $50+ but time is almost up I think. Fantastic entry point once the bottom is hit.

This all fits in with my ‘Do(o)med Dollar’ chart very well. A dead cat bounce will come at some point though.

I’m just trading the chart. I bought the breakout. So far it’s a hard backtest of that breakout. A weekly close below $2.90 would change things though, and a monthly close below that level would be a problem, at least in the short term…

A classic shakeout could be on the cards with a sharp drop below that (now) support line, followed by a rocket-type reversal before month end. Tricky.

I’m expecting big things from this sector in the next 3 months

Very tempting charts here…

Uncanny is all I can say, lol

It’s worth noting that GDX has already dismissed the possible ‘bear flag’ interpretation