Goldtent TA Paradise

Exhibit B ( For the Cyclomaniacs)

1. red label says:

   January 2, 2018 - 8:56 pm at 8:56 pm

   FWIW I took 10% off the table today in some laggard PM’s. I expect at least a hesitation maybe a little pop at 91 +/-. Flip this chart around and imagine it as the GDX and not $USD? IMO Gold is ahead of itself by $10 today also. I’m still LT bull PM’s but I’m willing to Cull the herd given the chance. I may take another 10% off tomorrow?

   • Fullgoldcrown says:

     January 2, 2018 - 9:00 pm at 9:00 pm

     FWIW…I am a Gold Bull too….but Not convinced the Dollar is Toast…Not convinced it has broken down YET

     still some heavy support…plus the Sentiment is crazy…EVERYBODY s a bear….that cannot be good.

     • red label says:

       January 2, 2018 - 9:10 pm at 9:10 pm

       Exactly my thoughts. Took a 5% profit instead of being a trapped long in some PM’s. Earnings may not be impressive for some either IMO.

       • Fullgoldcrown says:

         January 2, 2018 - 9:16 pm at 9:16 pm

         I’m still holding on but dancing near the exit (like Plunger likes to say)

         Everybody wants one way charts only

         LOL

2. Surf City says:

   January 2, 2018 - 9:32 pm at 9:32 pm

   Cycles are only accurate Low to Low and do not really work measuring high to high. With that as background, price action against key moving averages need to be watched closely.

   The 200wma is critical here and unless the USD can regain and hold it, the trend will be down. Lastly, the last rally found resistance at the 30wema (150ema on the Daily) which is a key Weinstein MA to watch as well.

   • red label says:

     January 2, 2018 - 9:44 pm at 9:44 pm

     Looks like Silver just bounced off it’s 200 WMA today. Where do you see Silver up or down?

     • Surf City says:

       January 3, 2018 - 12:59 am at 12:59 am

       Red Label, $18.50 is my initial target for this Intermediate Cycle. If it can get past resistance there we shall see.

       • red label says:

         January 3, 2018 - 1:25 am at 1:25 am

         Thx Surf. I expect to be buying the dips on the way. I’m LT bull on paper and physical but I’m willing to sell also. Just see a slight break in the action here abouts. Just read this article on physical buying. To me this is what a true Bull markets are made of see where goes from here? The real story is at the end of the article.

         Cheers

         https://www.marketslant.com/article/quantum-change-gold-and-silver-demand-2-jan-2018

3. Highroller says:

   January 2, 2018 - 9:47 pm at 9:47 pm

   dollar got lose strength, Trump tax plan party foiled by Putin & China both lowering tax rates to keep business home.

   https://www.nytimes.com/2017/12/28/business/tax-bill-china.html

4. Thebeek says:

   January 2, 2018 - 9:54 pm at 9:54 pm

   Consider ’99 start of euro currency- Line of support for sure…

5. KenS says:

   January 3, 2018 - 7:43 am at 7:43 am

   I like that chart Fully – if everybody is thinking down it is probably not going there. Those 2 year cycles are great.

6. Northstar says:

   January 3, 2018 - 10:01 am at 10:01 am

   This is a possibility, but I prefer to mark the tops at 1985, 2001 and 2017 – 16 years apart. It matches the gold bottoms perfectly.

7. Northstar says:

   January 3, 2018 - 10:15 am at 10:15 am

   Apologies, I should say it matches the gold bottoms more closely – the 2001 bottom was a shade higher than the one in 1999 and the 2017 bottom was above the 2016 low. My view is that after the 1999 and 2016 bottoms, gold was hugely oversold, with terrible sentiment and rebounded sharply as a result. The rebound suffered a very large pullback because the cycle had further to run. I don’t discount your chart, but the dollar at 115 to 120 would probably push gold below all recent support levels, opening up the possibility of $1000. I just can’t see that happening at this point. As always, the charts will give us the answers as they unfold.