Gann Global Webinar on Gold and Gold Stocks
puts it all in prospective.
This is the 2nd longest correction in history of modern gold bull markets. If this doesn’t turn around in the next week or so would be the longest if this is a bull market.
Values presented for a “line in the sand”
Basically if you think this is a correction get on board and put in a stop. Lose maybe 15% at most….
If you think this is the big bear reasserting itself we will know VERY soon
“This is the 2nd longest correction in history of modern gold bull markets.”
Unless the premise is wrong (as I believe it is) that this isn’t a new bull.
AND .. I will suggest that we really won’t know much more any time soon.
This is a correction within a correction, and soon we will likely get a correction within even that correction.
In EW terms, lots of abc’s.
I just watched this after Jordan’s article. Jordan sounds more bearish than Gann.
On the other hand, Gann says the situation is close to the bailout point – but it is currently right in the zone for a typical severe correction low: HUI is 173.60 now vs 165.20 bailout point. So it is make or nreak.
This would be called the gentleman’s entry I believe, after reading previous posts here on Goldtadise.
Gentlemen will need to have brass balls to enter here!
“Fascinating” as Spock would say.
make or break
I can’t help but think this is a large correction in a bull market. I could see this market quickly dipping below all of the sell stop levels and then leaving the station before any of them have a chance to jump back on this train. I noticed that Spock sold his PM positions at a small loss on the Spock global site this week. I find it hard to believe that we’re going to get another chance to buy quality miners at bargain prices again, but hey, if folks want to sell me thier McEwen shares for under $2.00 I will gladly take them off their hands.
Thanks for sharing this video with us. Yes, indeed this would be the proverbial “gentleman’s entry”
Guys we still have a few days to the bottom.
When the Swiss Franc finds a bottom so will gold & I expect that around 28 Nov
This trading cycle has been long BUT still not as long as that leading into the 03 Dec 2015 ICL
Stay calm we are in the timing band for a low so get set for a turn later this week.