Goldtent TA Paradise

#Bitcoin approaching potential double top resistance. Investor sentiment is still uber Bullish as measured by the RSI and Wm%R so we could see a pullback here where I plan to add. #Crypto #BTC #ETH #LNK #XRP pic.twitter.com/fCUN1FmJiQ

— Surf City (@SurfCity_Cycles) November 25, 2020

#Gold and #preciousmetals being taken to the woodshed as they move into their next Intermediate Cycle Low (ICL). This is about where the "Punters" start selling and I start buying. #silver #GDX #GDXJ #NUGT #JNUG #DUST #JDST pic.twitter.com/kbCeOx5tAD

— Surf City (@SurfCity_Cycles) November 25, 2020

I posted this Twitter feed on Gold back on November 10th. Did anyone listen?

#Gold is the cycle driver for #SIlver #GDX. Yesterday's slight undercut low was not a great sign but could be seen as a double bottom so it must hold. Any break below yesterday's low brings into play a Dec 2020 ICL that will likely test the 1770 to 1800 level. #GDXJ #NUGT #JNUG pic.twitter.com/HjQ9ccGZFH

— Surf City (@SurfCity_Cycles) November 11, 2020

November 24th 2020, Crypto Chartbook: Trust, Debt, Bitcoin

November 21st 2020, Silver – Time To Buy

November 18th 2020, Silver Chartbook – Silver, impact scope

November 16th 2020, Crypto Chartbook: Bitcoin, the sky is the limit

November 14th, 2020: Gold – A few more weeks of patience

Surf has joined Parler in addition to Twitter. The more eyeballs the better.

https://parler.com/profile/SurfCityCycles/posts

Not quite yet but my cycle analysis shows that we have moved from Stage 4 Bear into Stage 1 Basing over the past 3+ years similar to Gold’s basing period before its 2019 breakout. My attached chart shows how spectacular the last Bull Market was. I have positions in a small junior that I show is being accumulated.

Recently I showed you that #Uranium had moved from Stage 4 Bear to Stage1 Basing that precedes a Stage 2 Bull Market. I follow the sector because the last Bull from 2000 to 2007 was spectacular (see my chart). Are we on the cusp of another Bull? Time Will Tell. pic.twitter.com/Ph1vfMDTT8

— Surf City (@SurfCity_Cycles) November 12, 2020

Still have an upside SPX target into next spring of 4,400 to 4,600 based on Fed liquidity injections. The stock market may well be disconnected from the real economy but my cycle work shows it is headed much higher.

#SPX is consolidating in a small flag near its ATH. Failure to move past this resistance will likely cause it to test support on my chart. #QQQ #SPY #IWM #DIA pic.twitter.com/0TPIHtcj8f

— Surf City (@SurfCity_Cycles) November 13, 2020

Gold’s double bottom must hold and price must close back above the confluence of resistance at the 10ma and 50ma to regain a more bullish posture that a lasting 6-month Intermediate Cycle Low (ICL) has formed.

#Gold approaching its moment of truth today and is testing its 10ma from below. A close above the confluence of resistance at the 10ma & 50ma would be a bullish signal. Failure to overcome this resistance will lead to lower lows. #Silver #GDX #GDXJ #SILJ #NUGT #JNUG #DUST #JDST pic.twitter.com/2NPquFDqAQ

— Surf City (@SurfCity_Cycles) November 13, 2020

November 12th 2020, Silver Chartbook – When not to trade

November 10th 2020, Crypto Chartbook: Why Bitcoin will win

November 7th 2020, DeFi Update – What’s in store for Chainlink?

November 6th 2020, Silver Chartbook – Silver, your money is safe

November 3rd 2020, Crypto Chartbook: Physical versus digital money

Here is a post on the Uranium sector from yesterday which, according to Weinstein, is in a Stage 4 Bear Market. I also did a deep dive into this sector on my site last night on the likelihood that it may be in the process of transitioning into Stage 1 Basing which precedes a Bull Market breakout. Within my Cycles methodology framework, Longer Cycles almost always dominate Shorter Cycles so understanding where you are in the Longer Cycle, helps you spot early tops if the sector is in a Bear market.

https://surfcity.co

#uranium is in a Bear Market in my book. Cameco (CCJ) is my proxy to track the sector. My 16+ year Weekly shows how the 66wema & 200wma have capped all major rallies since its Bull Market top in 2007. Note the "price channel" or Fork down from the top. Classic Bear price action. pic.twitter.com/p6rr8mjJAI

— Surf City (@SurfCity_Cycles) October 29, 2020

The #USD (UUP)has moved above my dotted red horizontal line today after closing above its 10ma & 50ma yesterday on its Daily chart so we have a higher low and now a higher high in place. As long as the USD is bouncing, #Gold #Silver #GDX will face a stiff headwind, IMO. pic.twitter.com/PWyxQ3uQZm

— Surf City (@SurfCity_Cycles) October 29, 2020

My Cycle work has both the Stock Market and Crude Oil seeking out their next 5-6 month Intermediate Cycle Lows (ICLs). My expectations are that both Stocks and Crude will form higher lows than their last ICL (May 2020) as I still see this move as an Elliott Wave ABC corrective move lower against the primary trend which is up.

#Dow has made a lower low today and my chart shows both my Cycle Counts and that an Elliott Wave C down is still underway. #SPX #QQQ #IWM. I see this move as an Elliott Wave ABC correction lower against the primary trend. pic.twitter.com/AfHLsyyEB8

— Surf City (@SurfCity_Cycles) October 29, 2020

#CrudeOil still seeking out its next long-term 5-6 month Intermediate Cycle Low (ICL). #usoil pic.twitter.com/mrt5JJzoRO

— Surf City (@SurfCity_Cycles) October 29, 2020

October 29th 2020, Silver Chartbook – The perfect storm?

I am very Bullish on Gold after the next long-term Intermediate Cycle Low forms in Gold (after the US Election?). The 2,400-2,500 level in Gold will likely be tested by next Spring, IMO. Still waiting for the next low, however, before I back up the truck on Gold & Silver Mining Stocks. Longer-term the USD is headed much lower and Inflation is coming, IMO. Just too much money printing by the US Government as the US Debt is fast approaching $30 Trillion.

ADDED: My long-term Price Channel or Fork looks quite solid and once price moves above the centerline to test the top rail, the centerline is usually strong support in any move into an ICL.

My longer-term Cycle outlook on #Gold is still very Bullish once its next 6 Month Intermediate Cycle Low (ICL) forms. #Silver #GDX #GDXJ #NUGT #JNUG pic.twitter.com/GFALNrKmzT

— Surf City (@SurfCity_Cycles) October 28, 2020

The USD is bouncing while Gold & PMs are heading lower. Gold & Silver have not made lower lows yet but that is still my expectation as GDX has delivered another Failed short-term Daily or Trading Cycle today confirming it is still seeking out its next Intermediate Cycle Low (ICL). Here is a free post I just made on Twitter.

#GDX has delivered another Failed short-term Daily or Trading Cycle today and is still seeking out its next ICL (my target box is shown below.) #Gold #Silver #GDX #GDXJ pic.twitter.com/AgDfvCTTc8

— Surf City (@SurfCity_Cycles) October 28, 2020

What do Covid-19, the Black Plague, and Ebola have in common? All three have been used by the Money Changes to gain control over the disorganized masses as a means to an end. Is Trump trying to put an end to all this? Time Will Tell if he will be successful.

How far back in human history have the Money Changers or Bankers controlled the disorganized masses? Some say it goes all the way back to the Bronze Age of the Sumerians, Hittites, and Phoenicians.

Today we know the Money Changers to be the hidden owners of the world’s Central Banks. I find the attached link very instructive to the point of being mind-bending.

https://philosophyofmetrics.com/the-first-false-flags/

If you think Philosophy of Metrics (POM) is left-wing, just look at these two posts …

I don’t agree with everything on the site by any means. I read from a wide variety of sources and while I am skeptical & cynical, I have found the site to be quite instructive.

https://philosophyofmetrics.com/how-the-cultural-war-fooled-the-left-freepom/

https://philosophyofmetrics.com/fall-of-the-american-establishment/

Martin Armstrong is somewhat spotty in the short term but his longer-term stuff is spot on IMO. His outlook over the next decade is also very similar to that of the Fourth Turning generational theory by Strauss & Howe. My second chart below shows the ECM in favor of Private Institutions will peak in 2032 just when Faith in Public Institution’s bottoms.

If the combined outlook from these two is correct, it’s time to have a financial plan and buckle up as the next 8-12 years is going to be a complete shit show…

https://www.armstrongeconomics.com/international-news/politics/this-is-what-schwab-is-creating/

My longer-term outlook on the USD & Gold.

Status of #Gold, #Silver, #GDX, #GDXJ and the #USD should be revealed this week. Very Bullish on #Gold long term but we could still see one more undercut low. pic.twitter.com/CGGT0MO2Um

— Surf City (@SurfCity_Cycles) October 25, 2020

I posted on GoldTent in 2015 that Trump would be our next President and was scoffed at…

Today I will tell you that Trump is no savior. He, like every other politician, is simply another “tool” of the .1% (Yes, one-tenth of 1%). They own practically everything yet stay under the radar.

Furthermore, our “Democracy” is really just an Oligarchy of the .1%. The Oligarchy controls the two-party system which is simply two sides of the same coin. They control the politicians and media on both the right and the left (think about that…). Why????

Through the media, they fracture the nation into a 50/50 split, into GOP vs the Dems (or conservative vs liberal) to focus their hatred on one another. THE POINT IS, we are at each other throats and NO ONE is focused on the real “Swamp” which is the .1%

Politicians in Democracies are always just tools of someone higher up in the food chain. And most Presidents are just Tourists in the White House. Trump is no exception and his ascendency has been planned and choreographed for decades (like most wars which are very profitable for the Banksters). That is how far ahead the .1% makes their plans (with multiple options of course).

If I am correct, who controls Trump? Who is pulling his strings?

I have always found the attached two articles to be very instructive. The first is on Trump and who may control him along with what their objective may be. The second is why Central Banks phased out Monarchies, centuries ago, in favor of “Democratic Governments” (Hint: Democracies are the creation of Central Banks because Kings often did not pay their debts. Democracies always pay up. Just look at Greece…).

https://philosophyofmetrics.com/how-rothschild-inc-saved-donald-trump-freepom/

https://philosophyofmetrics.com/the-invisible-hand-of-the-disorganized-masses-and-the-application-of-pre-french-revolution-conditions-in-the-modern-world-freepom/

The links below show you what the real “swamp” is…

https://www.bloomberg.com/news/articles/2020-10-08/top-50-richest-people-in-the-us-are-worth-as-much-as-poorest-165-million

https://time.com/5888024/50-trillion-income-inequality-america/?amp=true