Loading ...Attn: Gold bulls & bears!!
This came to my attention this morning while I was scouring the gold chart for answers. I have seen a lot of important dates pop up when using the Wolfe waves, Here is another that may get your attention. Since the Wolfe wave is founded on a law of the universe (action = reaction) I am wondering if Armstrong (Socrates) uses this in their computer analysis? This is just a little uncanny and simply amazing that these two units of price and time would present themselves as Armstrong has been warning, hinting, foreshadowing or maybe all of the above.
The question we must ask ourselves is this, if one embraces this scenario then one cannot discount Armstrong’s call for a lower low and a massive deflationary wave sinking all assets and driving hope to the economic basement before the rise.
One simple chart, enjoy all you Wolfe wave haters, it looks as if we shall find out the moment of truth this coming week. also, I saw last week that uiguy had posted that Armstrong is warning of the start of the Euro collapse to commence on Mar.22nd, could this be the catalyst for a USD hard run and investor flee to gold? for the time being?
charts in comments
http://invst.ly/1c-q7
http://invst.ly/1c-qc
http://invst.ly/1c-r6
Socrates is constantly looking for pattern recognition…I bought the 2016 Gold Report and gold could decline here as it did in 1970 and 1974 in which case gold could go to $875 and then go to $5000/ounce— if gold made the same percentage gain that it did from the lows in the 1970 and 1974 instance…a drop to $875 would produce the same percentage gain and would reach $5000/ounce… MA has been talking about $5000/ounce for ages and in this 2016 gold report he explains where it gets the figure of $5000/ounce AND the report says…..if gold can’t achieve $1279 on the monthly by the end of March then that would be a SELL SIGNAL because gold has only been having a 2 to 3 month reaction rally but the bottom is not in….sounds unbelievable but the same thing happened in 1970 and 1974 MA says
I agree with what you say and anticipate lower gold prices, my last sentence left that implication I thought. If, and, or, it is all conjecture, I was doing a post to show that the charting can geometrically line up with a couple of MA’s price and time requirements which I find fascinating, no guarantee included. If anyone is looking for a guarantee, buy a blender, even then you may be surprised and the fight involved getting the other end to fulfill the contract.
I was thinking along similar lines about the gold cycle, as per 1970-1980 but a lot slower. The cyclical bear in the middle coincides this time with an entire dollar bull market (2008-2016 or so). timing would give a timeframe of a few years to get back to the old high at $1900 (perhaps about 5 years to 2021) and then a 3.5 year explosion to around $7000. The bear market in the middle would be a 61.8% retracement of the initial upmove. In 1974-76 the retracement was about 60% of the upmove so that is near enough. A 61.8% retracement this time would take us from the $252.80 to $1920 top then back to about $890, the same 6000+?coincidentally as the 1980 high. The the 8.5x move from 890 to $7000+ by around 2024.
However, why would this gold bull market run the same as the 1970s, only 2.5-3 times slower? I don’t get it. All I know is there probably needs to be a cyclical US dollar bear market to ignite gold again – but maybe not. Who is to know if hyperinflation won’t transpire inJapan or the Eurozone for instance and send people into gold as well as the US dollar, especially if there are negative interest rates everywhere.
Nothing makes sense, so most things are possible. That is the best justification alone for owning some insurance against this madness.
if the dollar goes up —has “a hard run” —wouldn’t that imply fleeing FROM gold rather than “to gold”…what are you referring to when you talk about the “the fight involved getting the other end to fulfill the contract”? thanks
I was implying that if there was a euro panic on the 22nd which is what MA has mentioned, then gold would catch a bid and also the USD would catch a bid and both would rise together, if you were in Europe and your currency started to collapse where would you run? I am just trying to put things together in light of all the charts and info. I am on my phone right now and have some other info to go through when I get home. Why I posted the chart was to show there was a correlation between MA’s two referenced bench marks in price and time.
So buy $FXE puts 3/21 as a hedge then…. and $GLD puts
I almost forgot, i lost a small fortune betting on Armstrongs “predictions” last year. I bought the report. Bought a shitload of puts for the benchmark and blew up my futures account.