Goldtent TA Paradise

Bob Hoye sees Gold at 1160 and big drop for Miners

1. Mark says:

   May 28, 2016 - 9:38 am at 9:38 am

   I really only see two scenarios here. Either gold/PMs begin the surge higher next week towards my $1,371 gold and $240 NUGT targets in short order (by early July) or the whole thing falls apart and guys like Hoye, MA, Savage etc…are correct. In order for the latter to happen I’d have to be dead wrong on my $USD, $XSF, euro, monthly HUI, gold, NUGT, energy and dozens of other charts which arte all lining up consistently. Sometimes set ups don’t pan out and I get that…so I will be going pull the plug quickly if the actions goes counter. I should know by next Friday as I give weekly charts the most credence.

   • Spock says:

     May 28, 2016 - 10:59 am at 10:59 am

     Looks like you may be one of the lonely bulls Mark, as the crowd (and I include MA, Hoye, Savage, and all the other gurus in this lot) are all gold bears, now it appears. They all missed most of the big move off the lows, or got out way too soon, and have been on the bear bandwagon for two month now. Like a clock they will get it right sooner or later.

     Given that the crowd is now in the bear camp, you may be spot on the money. As you say, by the end of next week we should have more clarity.

2. Bikoo99 says:

   May 28, 2016 - 9:55 am at 9:55 am

   The report says if gold violated initial support of 1215-1220 next target is 1160.

   Gols did close below these supports.

   We will see what happens next???

   • Spock says:

     May 28, 2016 - 11:04 am at 11:04 am

     I respect Hoye, but he has been calling for the drop for the last 2 months. he missed the runaway move also. they all did. Savage caught a slice but bailed in March I believe.

     the question is: Are they all part of the “crowd”. If so, be careful listening to their advice.

     Mark has stuck his neck out. Nobody else has. In which case, Mark is a higher probability bet.

3. JamesBrrando says:

   May 28, 2016 - 12:21 pm at 12:21 pm

   a miner and metal surge higher would fool the most people right now, look at the Stock Market, the bearish calls extreme and they got Deep Fried in may. Sell in May and go away= lmao