Goldtent TA Paradise

‘The Pattern’

1. Fullgoldcrown says:

   April 11, 2017 - 11:19 pm at 11:19 pm

   You are on to something very big KenS !

2. TheDailyGold says:

   April 12, 2017 - 1:38 am at 1:38 am

   Gold stocks are a little over a year removed from the cheapest they had been in 90 years.

   The 2000 tech bubble was the biggest market bubble perhaps ever.

3. Odd Job says:

   April 12, 2017 - 4:29 am at 4:29 am

   This shows a 10% drop from R and that can happen any time with the PM stocks so sorry Ken, but I cannot see what this is pointing to unless there is more at the end of the pattern that we cannot see? So GDX would head back to 24 which is where it is now if it gets to 27?

   • KenS says:

     April 12, 2017 - 7:25 am at 7:25 am

     Odd Job – you must be a young investor and don’t remember the tech bubble crash. The drop I am speaking of took the Nasdaq-100 market from over 4000 to under 1000 from 2000 to 2002. Sorry – a bit of a tease for not showing the large drop following point ‘R’ on the reference pattern.

4. Odd Job says:

   April 12, 2017 - 8:42 am at 8:42 am

   Okay now I see it from the new chart hence my question. No I was around for the 1987 crash as well in fact it was my first week at an investment brokers so that was fun!

   I still do not see the relevance of the comparison, as Jordon posted, that decline was from the peak bubble in tech stocks and that does not apply to gold stocks. We will see 🙂

5. KenS says:

   April 12, 2017 - 9:53 am at 9:53 am

   Not pretending I understand all the forces involved, but what do you think GDX would go down to if gold declined to, say, double its value in 2002 – say $650 an ounce?