Goldtent TA Paradise

Once Again – Rate Rises Are Good For Gold

1. Alex33 says:

   June 23, 2017 - 8:45 am at 8:45 am

   http://www.financialsense.com/frank-barbera/gold-mining-stocks-back-up-truck

2. Odd Job says:

   June 23, 2017 - 9:18 am at 9:18 am

   Good call NS.

   Great article Alex thanks for posting it.

   Onward and upward 🙂

3. Northstar says:

   June 23, 2017 - 9:32 am at 9:32 am

   Interesting article. Thanks Alex.

4. North says:

   June 23, 2017 - 9:59 am at 9:59 am

   Good stuff, Northstar, whatever happens. 🙂

5. Alex33 says:

   June 23, 2017 - 10:01 am at 10:01 am

   I am not invested 100% yet as I continue to hold cash in case of sell off, but I agree with article of Barbera in terms of sentiment. I noticed several juniors have very low volume and are testing precious lows the last days/weeks. This is clearly the signal of a bottom, if it is the ultimate bottom I have no clue as everything is possible in this sector, even a multi week $ rally.

6. pedro_deleon says:

   June 23, 2017 - 10:22 am at 10:22 am

   Good piece, right or wrong.
   But just to be clear, the references Frank makes to a potential EW wave 1 up and wave 2 down are totally unsubstantiated. There is no effort made to validate that count. They could easily be an A up and B down, changing the implications completely. Not long ago, I posted a link to a careful EW analysis on the DXY demonstrating the kind of care it takes to do EW correctly. So, if you see an analyst throwing out plausible EW counts, check for his methodology. There are rules that have to be applied. In particular, in his large wave 1 up, it must be constructed of 5 subwaves the second of which must retrace the first by at least 38%. He doesn’t identify his subwaves, and I can’t find ANY kind of subwave 2 retrace that meets the requirements. So its an A, not a 1.

   • Alex33 says:

     June 23, 2017 - 1:19 pm at 1:19 pm

     So what are the implications of that. If we had an A and B instead of I and II, then C up will follow, but we are not in a bull marker for gold then or am I wrong?

     • pedro_deleon says:

       June 23, 2017 - 1:32 pm at 1:32 pm

       Correct. No bull. The C is actually c of B at higher degree. (A = Dec 15)
       Implications of the that are the real story. See my Keepers post for those details.