Hanging By A Thread

If we close out the week at this sort of level, it could just be a back test of yesterdays wedge breakout…

A Closer Look At The Revised Golden Bowl

Bullish as long as we remain in the bowl…

GDXJ

Funny how the geometry works…

Pattern Has Evolved

As always, time will tell.

On Our Way Again ?

Unadjusted from my earlier post…

Edit: That jinxed it, lol.

Gold – Another Bullish Pattern Building Out ?

Re-Assessing My Gold Conceptual Model

Having another big picture look at gold price action over the last few decades. I’ve concluded that we’re still in the basing ‘bowl’ pattern, with the top of the bowl around $1600. Enough words, here’s the chart…

They Won’t Want Us To See This

Bankers/politicians – they are leading us down a rat infested sewer with their monetary madness. The chickens are coming home to roost. One by one, country by country. Here in the UK, the chart pattern I’ve been posting about for years has now completed, and broken out to the upside. The power of the gold cycle has taken over, supercharged by the idiots in charge of the monetary printing press. With the entire European banking sector on its knees, this is the result, and it’s only just getting started. All time highs any moment. $Gold will follow where others have led, as it’s just a race to the bottom for FIAT currencies (hence the upside breakouts in $Gold and $Silver).

Remember – BIG PATTERNS LEAD TO BIG MOVES.

Gold Visualisation

Silver Visualisation

Is It Possible To Have A 20 Year Bull Flag ?

Damned if I know, but that’s what it looks like…

Still No Bullish Movement In The US Dollar

And Finally In India…

…where gold buying is a national obsession

Gold In The Worlds Most Populus Country

Gold in Aussie Dollars

Gold priced in all currencies are headed this way in my view…

Gold In Yen

Pushing to new all time highs right now.

Gold In Euros

Without doubt in a bull market.

Gold Miners Waking Up

That Happened Faster Than I expected

Lets see where we close the day, week and month.

CHF/USD

Looks much more bullish on this chart, so this is the one I’m going with lol…

Silver Leading The Way In The UK

Gold Breakout Here Would Be Hugely Significant

Funny how things line up sometimes, but we have a massively important decision point right here. A break upwards could (in my view), result in a very rapid $150 – $200 move.

HUI Bowl Chart Formation

On the brink of a significant move up ?

CHF/USD Bearish Chart Pattern

One fly in the gold ointment – CHF/USD ratio should rise to support a PM bull, but Dollar strength is playing havoc with this ratio. Looking bearish here. Does it matter ? Guess we’ll find out soon…

$1395-$1400 Then Boom

At least, that’s how I’m seeing it…

Silver Surging, GSR crashing – More Bullish Signs In PM markets

Whilst Gold is pondering its next big breakout, silver is on the move…

Silver targeting $16 initially, but much more in the coming months…

 

GSR is falling like a rock now…

Gold Definitely Flagging…

Or perhaps more accurately, wedging/triangling, but you know what I mean. Looking more closely at the recent move(s), we can see that this is the second bullish pause. As long as this flag holds support, I can see a move to around $1500 next, before another pause, leading to the mid/high $1500’s thereafter.

 

Extremely Bullish COT Picture For Gold

The current Gold COT position is very, very bullish for gold. It’s doing precisely what we want, in order to have a strong, sustained bull market lasting many years…

Silver Preparing To Shine

Not long to wait now. Silvers chart says it will outperform gold in the months ahead…