Sir Rambus does what he does: Awesomeness.. P.S. Sorry Gold :-(
I believe I’ve made it pretty clear, I’ve kind of lost the passion and desire to chart like a maniac. One person hasn’t: Sir Rambus. If anyone isn’t a subscriber of Sir Rambus’ at https://rambus1.com/ they need to be, for seeing a masterful gifted chartist maneuver these markets and especially if they want to learn to chart themselves. He is the best teacher with the best lessons provided for charting on the planet. My knowledge came from him, as did most of the knowledge of most of the other major contributors here at the tent.
(Oh, and if anyone doesn’t know why I’m using “Sir”, it’s how people at Sir Rambus’s site and forum refer to each other. They’re all “knights” and “ladies” at the chartology forum”)
Below is Sir Schism’s chart which I scribbled on a little bit at the beginning of May, showing how lazy I’ve become as a chartist.
Now look at what was just shared with me from Sir Rambus. He said I could create my own from this, but credit needs to be given where credit is deserved. Look how Sir Rambus improves on what was scribbled above. Wow, truly great. He hasn’t lost his passion or his vision. If, as he’s shown on his great dollar chart, we did just have the largest breakout ever, then complete THE major backtest, and are about to defy all “timing cycles” and have a dollar roar, this lines up perfectly with what we’d expect for gold:
Gold going down to around the old 1980 high is so appropriate for the bottom of this major bear market in gold.
This timing and price of Gold on Sir Rambus’ chart lines up perfectly with my prediction of 70,000-100,000 Dow before November 2023 and U.S. dollar over 160 around this same time, The dollar to new highs is predicted by the “Trump Prophecy” of Mark Taylor(search YouTube).
Good luck all…
Sir Chuck 🙂
I wonder if the economic fundamentals existing when the IHS failed back in ’96 are similar to today.
-Interest rates were around 5% and went sideways for a few more years.
-The dollar index increased about 10% going from around 100 to 110
-Commodity cycle low around year 2000. Seems like another bottom in 2016. Not seemingly due for a bottom now.
It’s a convincing chart and certainly not impossible. There are some strong indications of an imminent large move. We will know before the year is out.
I also wonder what the state of the price of oil might have to do with gold this time as it’s a very different situation now
After a closer look, those indicators that you’ve shown in blue wedges on the first chart appear to suggest an imminent move up, not down.
Thanks Sir Chuck
You are a Good Knight Sir
🙂