Got My Bull Horns Back on
I had to use Duct Tape
after that vicious blindside Bear Attack ( Coward !)
Here is a chart I built after Rambus was showing his version during last years big blast up in PM Stocks
He used this to diagnose the end of the PM Bear…as the long term Parabola in the Gold:XAU Ratio that started 20 years ago and lasted amazingly all through the Massive PM Bull market ended in a spectacular blowoff and was finally broken. This chart has a classic H and S Top building out right now ! Remind me again how parabolas end up ? Definitely one for the Bulls
Some may not recognize the Significance of this Chart.
When the Gold: XAU Ratio drops…Miners are Outperforming Gold ..and invariably that means Gold is Going UP
The first half of 2016 when this ratio finally broke..Gold rose $300 …now the ratio is consolidating that vertical drop and likely getting ready for another vertical drop…May be a few months to a year or more, building this Right Shoulder / Halfway pattern…BUT the Chartology is Stunning …as are the implications.
In one of the post of 2014 Rambus showed CDNX chart top and indicated that formation of consolidation triangle just above the major neckline is a clue for imminent BO.
If you find that post will be helpful.
Gold: XAU top HnS I am expecting similar consolidation pattern clue just above the NL.
Here You Go Bikoo
Fast eh ?
This is a Rambus Classic.
https://rambus1.com/2014/06/18/wednesday-report-cdnx/
Thanks bikoo and FGC! Hey bikoo, and chance you could post your XAU/GOLD chart? Thanks!
Thanks FUlly. I remember this chart and the fine analysis. Indeed it is classic.
We should also remember that PM stocks bulls are MUCH shorter and faster in time than other bull markets.
IF gold/xau have topped at the beginning of 2016 the main question is ” how long it will last the outperformance of gold and silver stocks relative to gold?”
Thanks Fully,
Grand observation…
Fully – how does that square up with the strong dollar rally? Do you feel it is over?
Good question…That’s a Connundrum.
Not sure, but I suspect that drop will line up with “my” c of B rally.
That isn’t ready to trigger anytime soon, but will later this year.
And take gold to 1500 area, ahead of the final drop for larger C wave down as it all comes unglued in Yurp.