Loading ...Gann Global Most comparable precious metals environment…1980-1986
Say goodbye to a new gold bull market,we are immersed in a sort of post bull market environment as happened after the top in 1980.
We are at the moment in an a-b-c correction after the top in 2011 according James Flanagan. The only thing that is different according to me,is that
this bear market lasted 5 years (from 2011 to early 2016) ,price could be similar but time is not.
Anyway is an interesting opinion.
http://www.gannglobal.com/webinar/2017/11/17-11-13-Video-3-Offer-Is-Open-GGF.php
Thanks Mamare…It sure feels like that is correct.
Dollar is Dropping vs yen and Euro and Gold and HUI just in a coma !
If things will get so bad the only logical thing to do will be to sell into the next upleg (c) and then forget about gold and associated items for a LONG time !
It would be interesting to read what the serious and capable analysts on this great site thinks about this sad possible forecast 🙁
Focus on other markets to make a buck…HUI has become one big distraction…
agree! wake us up when gold crosses 1360. Hard to fight the feds.
This guy is just another subscription peddler, IMO. Last time he was publicly selling subscription, if I recall correctly, was about one year ago. He stated he was stopped out of HUI @ 165 level almost @ the bottom of last year low. So much for forensic bs. Listen to this guy as everyone is is entitled to their opinions but paying money for his work?
You have to pay almost any analysts,this is a free video ,you don’t have to spend money to listen at what he have to say.
It’s just another point of view that I,personally,hope will be proven VERY wrong,but we should listen to every opinion.
My take on the video below.
In the first part he almost describes a hell storm coming for PM it seems, and then in the latter part between 11:00-13:00 he ends up with, my interpretation here, saying that the worst he sees is an undercut low that takes us down max 15% more, if so. That is his conclusion as I see it, the rest of the video is a lot of air in order to get there.
His conclusion (the only as I see it) as I have interpreted it is not unreasonable though. I mentioned in the post linked below yesterday, that $GOLD is due for a YCL soon:
“One slight cause for concern is though that we should be in for a YCL within a month or two. If that one turns out to be severe from here, which I do not expect, I have to re-evaluate.”
https://goldtadise.com/?p=416648
This is what he is talking about as I see it. And an undercut low in the index he uses is not unreasonable if it gets to that.
I feel he is pulling an Armstrong et al to some extent as he, as I see it, is packaging things into a more complicated bundle than they really are and therefore ending up with a conclusion that takes 1 min to put across and not a 15 min video. And this smoke and mirrors is also reflected I think in what he has called his products: “forensic forecasts”, “the flagship newsletter” et c.
The 15 min video in one senctence, my interpretation:
– We are in for a YCL soon that could take us max 15% down in a capitulation move into the cycle low, forming an undercut low if so, and after that, we are off.
More or less the content of this video is what you have correctly explained Graddhy 🙂
The only concern is that the closer analogy that he has found with what is happening now is with the period 1980-1986,a bear market period.
RE: Uranium–ST indicators have reset, good bounce off moving averages. TRIX BULL move just beginning.
Looking at the same ES. Was expecting that since it is now BT the support line of my gigantic falling wedge.