Loading ...Do Believe It
Why ? Because the gold cycle is in its UP phase until 2026, and the dollar is in the DOWNWARD part of its cycle until roughly the same time.
For those that didn’t read the link in my last post, this is the whole point at this stage in a gold bull. Initial surge, then sideways grind (the wall of worry’). A healthy bull cannot proceed without it. Selling pressure needs to be all but exhausted, for the next phase.
This may, or may not, be the real deal breakout I’ve been expecting, but either way, we are in a gold bull and dollar bear for several years now (in my opinion).
My “feeling” is that this is for real too. Gold keeps bobbing up like a cork. It ignores the $12XX targets that have been given. Eventually the real breakout will show itself, and will be powered higher by shorts who don’t believe it.
https://www.youtube.com/watch?v=1k8craCGpgs
Journey – Don’t Stop Believin’
Love it 😉
There may be one more drop before PM sector takes off. GSR still not ready. Once GSR trades below 79 decisively PM sustained PM bull is not in the cards.
Great works Northstar.
Bikoo, fundamentally I agree with your but I believe we will have very soon 2 different metal markets with gold breaking out to new highs (only 1% from 2016 high), and silver still needs to clear a lot of hurdles before reaching it 2016 highs (18% from highs)
You might just be onto something there Alex. The silver COT’s are crazy bullish. I’m thinking gold will move steadily, but silver will simply explode. Maybe 20-25% in a few weeks ?
I bought PSLV 2 days ago, too cheap to ignore at 2.5% discount. Ready for any silver explosion or gradual increase.
Plunger had a excellent post at the Rambus Chartology Site yesterday about Silver getting ready….timely !
See… too many people believe it, it’s a trap :p
Hardly anyone is even aware of silver as an investment Scofield – just a few die hard PM commentators. Perfect set up.
I agree Northstar, we and not even a speck of a speck when it comes to metal investment price influence. I do like the set up. Question is, will it play out.. I got some stock on it with sell stops. Time will tell. Thanks for continuing to point out with helpful charts.
Cheers. It’s turning into a very promising set up Saab.