Goldtent TA Paradise

Gold Stocks Outperform Gold but Not Stocks

Most of you guys probably don’t have to be convinced….

3 Things That Don’t Affect Price of Gold

https://www.cryptoglobe.com/latest/2019/03/financial-historian-niall-ferguson-i-was-very-wrong-about-bitcoin/

While we are waiting for Gold to find its next 5-6 month Intermediate Cycle Low (ICL) and Stocks to find a short term Trading or Daily Cycle Low (TCL), here is an update on what is happening with BitCoin. My Cycle Work shows that BTC found an ICL in late December but the bounce has not been very impulsive so we may be seeing another cycle of “Basing” before an undercut low. That said, I have not given up yet and do have long positions that are currently “Green” with stops at the early February secondary low or TCL.

Why am I tracking something whose parabola has broken down? Let us all remember that BTC went from $200 to approximately $20,000 in just two years. That is crazy price action that other markets have never matched and anything that can do that needs to be tracked, as I believe it will break out again after the necessary basing period.

https://surfcity.co/2019/03/06/bitcoin-gbtc-cycle-update-28/

Gold and Gold Stocks Stop Short of Bull Market, Again

In an effort to leverage Social Media I have become more active on Twitter and, this weekend, I setup a YouTube Channel that you can subscribe to for Free. Not all Twitter feeds will be open but my Videos on YouTube will be.

My plan is to publish one YouTube each week for awhile and I just put up my first one just now on the Gold Cycle. Similar to what I have posted here this weekend but in Video format. Please feel free to take a look and provide feedback as I am not totally happy with my first effort but I am still a novice on YouTube so far.

You can also follow me on Twitter at:

https://twitter.com/SurfCity_Cycles

Surf’s mid-week update on Gold & the USD before Friday’s big dump. Enjoy!

https://surfcity.co/2019/02/27/gold-the-usd-update/

I hate to say it but I warned that an ICL was likely starting last Thursday and that Silver as the “weak sister” likely gave us the signal with its double top (as Oscar Carboni says “When you see a double top, you short it”).  

Iv’e been short with DUST and ZSL ever since in my personal account.

https://surfcity.co/2019/02/21/silver-update/

Does anyone remember my post last week on Silver’s double top? Here is another look at that post from last Thursday along with today’s Surf’s Up

https://surfcity.co/2019/02/21/silver-update/

https://surfcity.co/2019/02/27/surfs-up-158/

Bullish Sentiment Won’t Prevent a Breakout in Gold

Have BitCoin & GBTC found major Bear Market lows? My Cycle work shows this may well be possible and my GBTC positions are up another 15% today. Still very early in a new Cycle.

https://surfcity.co/2019/02/19/bitcoin-news/

Gold Stocks are Following This Historical Template

Key Support Levels for Gold Miners & Gold Juniors

Here is a post from yesterday’s mid-week update. I closed out my final long UPRO (3x long SPX) on Tuesday as my Time & Price cycle work indicates we should be nearing a short term cycle top. My UPRO and ERX long trades netted $3,200 in profit and I may take short positions into the next TCL sometime over the next 2 weeks (We still need to see a close below the 10ma to confirm that we are moving into a TCL #1 low).

Based on the bullish price action during Daily or Trading Cycle #1 (with a 27 Day Top), I am expecting a drop into a short term Trading Cycle Low (TCL) next which should be a higher low. As long as we form a higher low than late December, I plan to take long positions again for the next upside move which I expect to re-test last Octobers ATH with a minimum SPX target of 2850 to 2900 at the very least.

https://surfcity.co/2019/02/06/17196/

Evolus (EOLS) is a one year old Pharma IPO that recently received an FDA approval (Note the breakout volume). I picked up a chunk of shares at the open at a pull back to $23.57

The Blue arrow shows its recent ICL which may also be an Elliot Wave 2 low. If so, Wave 3 up is just getting started. At the very least I expect a retest of it’s June 2018 high.

https://surfcity.co

Positive evidence is mounting but there’s one tiny thing holding it back…

Time for a Breakout in Gold?

The Truth About Gold’s Golden Cross

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Gold Stocks Remain in a Downtrend

A Rally or a Bull Market?

Will the Momentum in Precious Metals Continue?

Gold’s Leading Indicators Looking Better

https://surfcity.co/2018/12/22/ciovacco/

Stock Market Nearing Low as Gold Tests Resistance

Here is a chart on the XAU:SPX ratio I posted on my site today. Hmmmm….

https://surfcity.co

This Market Will Drive Gold in 2019…

Here is a great read from Alisdair Macleod. Have read him for years. Don’t always agree with him but I find his geopolitical articles fascinating.

https://www.goldmoney.com/research/goldmoney-insights/gold-a-perfect-storm-for-2019

Is an Inverted Yield Curve Bullish for Gold?

Gold Fundamentals Improving but Not Bullish Yet

How to Catch Bottoms in Gold Stocks