Loading ...Goldtent PM Analyst Summary
Rambus >
Bearish ! Would become neutral to Bullish IF the Head and Shoulder breakdowns on his Long term Charts are negated with a few closes above the neckline.
US Dollar is the key and for now it has UNAMBUGUOUSLY (pun), broken out of a potential half way pattern , despite all the talk it can’t go to 120 or the financial word ends , the chart says it “Can”
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Spock >
Bottom is near . Convergence of Long Term Cycle Tops in US Dollar and also Convergence of Cycle Bottoms in Gold
Very dependable cycles indeed .
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Surf City > Cautiously Bullish
“Gold needs to bottom and soon . I have Gold on day 25 of its current Trading cycle and in the heart of its timing band to find a short term Trading Cycle Low (TC Low). The bigger question is will this also be the long awaited Yearly Cycle Low (YCL). Looking at the charts, Gold has found its YCL in Nov/Dec during the last three years”
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EagleSeagle >
Keeping close tabs on the short term charts as always , with an eye to go long for more than a day trade
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Norvast >
A very Important Bottom is nigh for Gold , Top for the Dollar , based on triangulation and Gann and other geeky stuff like that
🙂
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Fullgoldcrown >
Waffling from Bull to Bear several times a day. My heart says Bull , my head says Bear you idiot !
I have no position for the first time in years.
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Graddhy >
May many charts showing this is a great place for a bottom . Bull of the year award . His work must be considered
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Gary >
Following the 1996 era Analog and its still full on , but even Gary has doubts
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Jordan >
Bearish , Real Interest rates are rising , Bad for PMs , Bounce due then down ! Bullish for some time next year
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Avi >
70% Bullish , 30% Cautious , The limit of what’s OK for a Bull run is not far below AND GLD IS NOT LOOKING RIGHT.
PM Miners and Silver are still OK though
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Then there is Cedarwood and his Disappearing Tons!
Many many other opinions here of course , all are being presented in a spirit of co operation and comraderie.
Thanks all
Stay tuned .
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Have started a new job recently so not been following markets but what a week to start. Little to no movement at all…great to build out a base of consolidate for another leg down. Teetering on the edge of something…which way will it fall is the question.
Love all the opinions all listed in one post…have some great minds here and at the forum and over at the matrix. Consensus is hardly ever correct so lets see if that goes again. All for one….
“Love all the opinions all listed in one post” Agreed.
Still bearish, and my expectations for a bottom at the end of December are appearing LESS likely.
Basically, the door isn’t opening up yet for the preconditions on my longer term charts …. not for the PMs or the related TLT, FXY, etc.
Decent chance the move down runs well into January.
However, the longer it runs now, the more likely “the bounce but then die again well until spring” turns out wrong.
If we do make a bottom before EOM, I will be late calling it off my system.
You forgot….Plunger…
No one knows anything! The last 4 months proves this. So hold your core, keep a big cash position. Deploy some if you have a bullish inkling, but be prepared in case we get a double bottom OR even a lower low. If this occurred we should get that long ago capitulation bottom with illiquidity and comical selling. We never got that. We might still.
You owe it to yourself to hold cash in case we do get it.. We should have a bottom sometime in the first qte 2017
We never forgot you plunger. We merely set the trap for you to stumble into so easily!! Good to hear from you. Excellent advice.
One of the best post Ive seen. Great idea and thank you!
97% chance there will be an inverse head and shoulders at the bottom.
The next critical gold triangle is a 16/26/42 Fibonacci triangle giving a possible YCL (or re-test of the lows) on 29 Dec
In terms of the long term triangle 29 Dec gives a 5/6/11 Fibonacci triangle
I use Solunar counts for the SPX and USD
The count here is the square root of F178 x solunar month (29.5 calendar days) which is 394 calendar days
From the USD high date last year (02 Dec) and the SPX high (before rolling into a left translated daily cycle 02 Dec) add 394 calendar days = 30 Dec
We may have another difficult week for gold next week.
We should also remember that the 07 Nov 2014 YCL-03 Dec 2015 YCL was 56 weeks apart.
If we repeat that then we can expect the 2016 YCL on 28 Dec
IMO next week will be a good time to pick up some oversold miners.
End of Jan 2017 would be a good place for a DCH based on a 28-29 Dec YCL
The rotations will tell us when the mkt turns. No turn yer and reason to cover shorts. That said I think we have seen some comical selling in individual names.
Apologies for typos I meant:
The rotations will tell us when the mkt turns. No turn yet and no reason to cover shorts. That said I think we have seen some comical selling in individual names.
great post indeed.thank you all.i have a prediction too.gold will either go up down or sideways in the future.place your bets!(just for fun)
What I remember from almost 50 years of doing this is as bad as it looks now it can get a lot worse before its all over! You won’t know you have hit bottom until long after the fact.
Something else I’ve learned. Investment systems all experience the high of being right in the beginning, and even for a good while, but then as more people find out about them they lose power, until another one comes along. The long list of hot, new ways to predict the future is legendary.
We have 6000+ years of experience in this.
My bearish case:
https://goldtadise.com/?p=388442
My bullish case:
https://goldtadise.com/?p=390266
$GOLD and $SILVER are at massive support right now, and it looks very good for a bottom for this correction right here, or very close to here.
Most of the planet´s governments do not want the DXY to go much higher, and 107,5 is my posted max.