Loading ...This Chart Says We’ll Have Our Answer Very Soon
If that is indeed one enormous bullish pennant, 2018 is going to bring us some real fireworks. The bear case takes us to less than $1000, but I just can’t see how that’s going to be possible when you take the cycle timing into account. Surely that’s the big clue that this thing is going to explode upwards, rather than collapse into a smoldering pile of donkey dung. Fully is our donkey expert though.
Northstar, Nice chart and analysis. My long term Cycle analysis also indicates that 2018 should provide for a major breakout to the upside in Gold but most likely after its next 5-6 Month Intermediate Cycle Low (ICL) which I am expecting in the December timeframe.
Thanks for the comment Surf. I follow your analysis carefully. It certainly looks like a large, sustained uptrend is coming. I always like to keep my mind open to all possibilities, but I’d be amazed to see the support line broken to the downside.
Mojo sends his regards
His Poops have been works of art lately
🙂
Nice to hear. Thanks 🙂
PS Northstar….on that View Gold looks really exciting !
GREAT CHART…
Textbook !
Let’s just hope it follows the script..
Could it be that, since everyone is expecting a low in December, it won’t happen?
Oops, I forgot, thanks, Northstar.
Cheers MM. And yes, it’s possible we don’t see that December low. We could launch anytime now, but I’m staying cautious until December is in the rear view mirror.