Goldtent TA Paradise

Since we are on the subject of long term BGMI:

1. dadoc1 says:

   August 30, 2016 - 9:23 pm at 9:23 pm

   Glad to know you are still a tad bullish here. LOL!

   • Plunger says:

     August 30, 2016 - 9:25 pm at 9:25 pm

     Oh ya, this is just a run of the mill correction in a bull market, in my view. If one is in this space one must be able to deal with these because they are going to happen all the time

2. Schism says:

   August 30, 2016 - 10:05 pm at 10:05 pm

   Something must be wrong with me because this correction isn’t even moving my needle. Maybe I’ll end up caring in short order but not yet. But as I told fully in a post the other day, these BGMI charts you posted and the Rambus XAU gold ratio chart have me incredibly calm, the game just started.

3. Schism says:

   August 30, 2016 - 10:09 pm at 10:09 pm

   BTW, do you know how to find BGMI OHLC prices? Or how to calculate the index? Was trying to figure out a way to update the spreadsheet from time to time.

   • Plunger says:

     August 30, 2016 - 10:15 pm at 10:15 pm

     Must subscribe to barons Data or get it from the Aussie gold chart guy. (Nick I believe)

     • Fullgoldcrown says:

       August 30, 2016 - 10:28 pm at 10:28 pm

       Sharelynx

     • Schism says:

       August 30, 2016 - 10:35 pm at 10:35 pm

       Ya, Nick sells an update was just trying to circumvent.

4. Graddhy says:

   August 31, 2016 - 3:59 am at 3:59 am

   Thought I´d crash your post here and post one of the comments here that I made in a similar post you had over at Goldtent in June:

   “I have some charts, will se if I can put a post together soon.

   In the meantime, I think it is also possible to come a long way by just using very simple calculations. It is very linear yes but can give us a guideline for sure I think.

   Let´s say GOLD goes to 10 000 in today´s monetary value which many of the best front runners agree upon. That´s about 8 times from here. Then the miners has a leverage on the metals with about 3-4, let´s say 3. That makes 8 x 3 = 24 times. Then we get 230 HUI x 24 = 5520. Times 4 is 7360. So I think that my number of circa 5000 that I got from, as you, checking charts and recalculating, is not that far off.

   And let´s also look at silver miners especially. Let´s say GOLD goes to 10 000 and SILVER makes it to a 16th of that = 625. That´s 36 times from today´s 17. Then the miners also has at least 3-4 times the leverage. That leaves us with 36 times 3 = 100+.

   On top of this: I think that GOLD will go to more than 10 000 and I think SILVER will go to at least 10:1 to GOLD.
   Also, and as also Monovasia talks about below, I think that gold and the world the coming years will experience things that is so different from what have happened before, regarding the monetary and financial system, and this will flip any number we come up with on its head Í think.

   This very simple stuff also tells us that silver miner indexes might go up more than 4 times gold miner indexes. And if SILVER goes far under 10:1, wow. And if the monetary system cracks in chunks and not all at once I also think it will be an extra wow.”

5. MatthewGoldman says:

   August 31, 2016 - 8:22 am at 8:22 am

   Thanks. Great to know my exit will be way before. There are times to mold and time to fold.

6. Gary says:

   August 31, 2016 - 9:34 am at 9:34 am

   I like and understand it. Thanks.