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WE ARE
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POSTING INFORMATION
There’s a Lady Who’s Sure
All the Glitters is Gold
And She’s Buying the Stairway
To Heaven
Hey Fully, who’s on your Mount Rushmore as far as bands go? I’m assuming LZ is in the 1 hole.
Great Question Schiz. Thanks for asking . Tough one. making me think.
Deep Purple , Moody Blues , The Who , and one that doesn’t fit , The Coors !
🙂 🙂 🙂 🙂
Of course Zeppelin should be there too.
Favorite Year >? 1969
Blind Faith – August 1969
Appropriate for a Gann Guy
🙂
Mine too – I was born in the Summer of 69 !
Nice, nice, not gonna lie though, not familiar with The Coors. Wait a minute…I thought any Canadian over the age of 40 had to worship at the altar of Rush? ?
Price bouncing off where I think a neckline is forming…see little need to chase price here, think Spock and the cycle brothers are right in we should see price moving down into a DCL soon.
There is a view that gold will not top (DCH) until the EURO tops (DCH).
As the EURO did not form a yearly cycle low (YCL) until 03 Jan it therefore has some time to run & may not top (DCH) until around the FOMC Meeting 01 Feb
If that was the case then the USD will continue to fall and gold advance.
Classic cycle analysis has gold in the timing band to form a daily cycle high (DCH) and now fall into a DCL
The next couple of days will therefore be interesting & “time will tell” which view is correct.
Either way at this early stage of the weekly cycle (week 6 of a 24-26 week cycle) a buy & hold strategy is best IMO.
We will know in and around week 11-12 (mid to late Mar) whether the weekly cycle is right translated.
Today (AUS) we have seen gold make a new high (than the 17 Jan) and the USD a new low (than the 17 Jan) while the EURO has pushed higher.
IF (?) gold was to push higher I have two potential highs (using Fibonacci triangulation) being 26 Jan and 01 Feb
The miners are NOT taking up the challenge!
There is a position in the survey on the RHS which asks whether you are “fully invested but scared”!
I think there are many folks out there who still think this is nothing more than a BMR!
What will it take to get everyone excited again?
Me thinks a substantial rise in the gold price during the next daily cycle!
That will only occur when the USD eventually falls into it’s weekly cycle low (ICL) and stocks roll over into their yearly cycle low (YCL).
We are not quite there yet!
Thanks Norvast, great info.
“…remember.” Best ST movie of all IMO.
one of 1969 best music.maybe on weekends instead of politics we can exchange music
https://www.youtube.com/watch?v=lrsW–Sh7YE
dedicated to fgc