Loading ...UBS TA
Here are the most important ( for Gold and PM Miners) Charts with projections from Boobooman’s
post. Yes its from UBS , but it is very comprehensive and based in Sound Technical Analysis.
So this projects a drop from late Jan to late March…then a Summer Rally followed by another Q3 correction
Then up strongly into mid 2018.
Longer term…They also believe Dec 2015 was an 8 year cycle Bottom and Gold should rise to new all time Highs into the next Decade.
Thanks again Boobooman.
I do not agree with the UBS analysis entirely. The author has his cycles a bit muddled:
Firstly, $GOLD 16/8/4 year cycles bottomed last month, not Dec 2015. That’s the reason we had the big correction last year, as these cycles were still heading down. Pre-mature birth.
Secondly, they have $USD rolling over Q1 2017 into late 2017, before resuming its bull market. There are two problems with this. First, the $USD has been in a bear market since 1985. Second its major long cycles are topping Q1 2017, so it is unlikely to find its lower low until 2023 at the earliest, at which time a rally is possible. But a rally within a bear market.
Sorry I was from my phone yesterday and didn´t download that file. They say something more interesting about gold or miners? Is it worth downloading?
Yes it is worth it