Loading ...Sept 11
Boobooman Posted a convincing study showing Gold is to have a significant turn date sept 11.
https://goldtadise.com/?p=411066
Sir Norvast of Gann concurred.
So…the problem is…we are in a strong up move…thus the “turn’ will be Down
Comments from Boobooman and Norvast would be appreciated
My view has not changed…from that post
You are correct BooBooMan the 09 Sep is important (or should we say 08-11 Sep given the 09 Sep is a Saturday).
It is the date I have for the topping of the SPX in the final left translated failed daily cycle before we host a YCL late Sep-early Oct.
At the same time I expect the half cycle correction in gold to be complete by that date and it should move higher.
I mentioned this in Northstar’s recent post… https://goldtadise.com/?p=411023#comments
I expect the USD to continue lower until late Sep after gold has completed this half cycle correction.
The SPX move lower will be quite scary, as all yearly cycle lows are, so be prepared.
It will be an excellent buying opportunity for long term portfolios.
The mid cycle slowdown is still a couple of years away in 2019-2020 so there will be plenty of upside before that occurs.
At this stage I am suggesting a “double bottom” 25 Sep and 03 Oct after which the SPX will move much higher.
For gold the most important charts are the two currencies CHF and AUD
CHF hosted an ICL 08 Aug which means it will move significantly higher.
It cycles 34-55 calendar days low-low so I am not expecting this current cycle to host an DCL until late Sep-early Oct (maybe 27 Sep)
Gold and CHF are integrally linked so I am expecting considerable upside for the CHF out of the ICL
AUD hosted a DCL 15 Aug but is in it’s third daily cycle.
It is a proxy for commodities and in particular the large diversified miners which I expect to move lower as stocks are sold off into the YCL
The Australian gold miners XGD.AX hosted a DCL 19 Jul and another 16 Aug and are in expansive up-trend.
The 16 Aug DCL was the same date the AUD hosted a DCL
The XGD.AX cycles around 42-55 calendar days low-low so I am not expecting the next DCL until late Sep-early Oct (maybe 27 Sep)
Thanks Norvast…excellent info and dates to watch for…appreciated
Huh? What? I find that difficult to understand.
I thank you for posting that but Early Alzheimers, probably, is making what you are saying difficult for me to follow.
Music Man….trust me the Bressert and Gann Stuff is a cure for Alzheimers….LOL
One must read it 5 times to have a clue
🙂