Goldtent TA Paradise

UUP Charts

1. Fullgoldcrown says:

   February 23, 2018 - 10:13 am at 10:13 am

   Looks like it !

   Thanks JL

   • JenkinsLane says:

     February 23, 2018 - 12:34 pm at 12:34 pm

     You’re welcome Fully!

2. silver fox says:

   February 23, 2018 - 11:40 am at 11:40 am

   Thanks JL. The pieces of the puzzle are coming together. UUP 24.50 corresponds to $USD index 94.50, near the top of the SHS pattern from November last.
   Have been thinking on Bob Hoye’s call for $1270 gold lining up with the CCI buy signal. At $1270 gold the miners could be a super buy.
   Which brings us to Red Labels theory (discovery?) Have calculated by RL’s work that 1270 gold requires 94.48 on the USD index.
   1200 / 1270 = .94488 (times that by 100 = 94.48)
   So…
   The dollar will rally to 94.5, gold will fall to 1270, we all buy up the miners at bargain prices and, and
   And Bob’s your uncle !

   • JenkinsLane says:

     February 23, 2018 - 12:34 pm at 12:34 pm

     I think there’s going to be a general sell off in both stocks and bonds and it will be quite significant. In addition, I think it will be fast and furious.
     I do not think the miners will be immune to this sell off, in fact, I think they will be hit hard.

     If this prediction plays out, I will be looking to go long the miners as soon as I think the stock markets have bottomed. I have a rough idea in terms
     of the miner indices but they’re some of Rambus’ charts from last year so I cannot post them here.

     As to where gold bottoms if all this materializes, I have no frigging clue.