Goldtent TA Paradise

Gold…..The Big Sting

1. Alex33 says:

   June 7, 2018 - 11:38 am at 11:38 am

   silver strong the last 2 days, but can it hold onto its gains?

   https://www.sprottmoney.com/Blog/can-silver-break-its-chains-david-brady-06-062018.html

2. norvast says:

   June 7, 2018 - 7:24 pm at 7:24 pm

   We call them “historical dates”.

   For gold there are certain turn dates that repeat over and over again.

   5 years ago gold dropped significantly, as the above weekly chart indicates. It was a dramatic drop that was predicted by Rambus, and it was an event that was the catalyst for many of us “old” members to start more closely analysing some of the cycles and important turn dates that repeat within gold prices.

   If you look closely at the daily charts from this period in 2013 there are strong parallels with what is happening at the moment some 5 years later.

   We are currently seeking out an ICL (weekly cycle low) for gold, just as we were in Jun 2013 (it eventually arrived 28 Jun)

   The drop may not be as significant but I am suggesting that the scene is set for some downside risk as we enter the timing band for that ICL

   Late this week or early next, maybe FOMC 13 Jun, we should have an important turn date.

   Let me take a punt on what may happen on that date…

   1
   The SPX hosts a DCH (daily cycle high) assuring us of a right translated daily cycle
   The question remains whether it will be a weekly cycle high (ICH)
   It needs to break 2802 to host a ICH and form a right translated weekly cycle.

   2
   The USD hosts a DCL (daily cycle low) (not a half cycle low as I originally thought)
   11 Jun will be calendar day 55 from the 17 Apr DCL
   The USD should then advance and host a DCH around 11-16 calendar days after the DCL then continue lower in a failed left translated daily cycle before hosting an ICL. The USD is currently in week 16. The strength of the USD in the next daily cycle in that 11-16 calendar days will determine whether the ICH (weekly cycle high) extends beyond week 15

   3
   The AUD and CHF host a DCH
   11 Jun will be calendar day 33 from the 09 May ICL
   The AUD and CHF should then retreat into a DCL around calendar day 42-47 = 20-25 Jun

   4
   Gold should be advancing into 11 Jun DCH as the USD falls but is struggling to make headway but will fall once the USD hosts a DCL and moves into it’s next daily cycle. That should place gold well & truly on it’s path down into an ICL
   21 May was the last DCL so we cannot expect the ICL for at least 34 calendar days = 24 Jun
   Bradley date = 26 Jun

   I am pushing the gold ICL into late June around 26 Jun with plenty of downside to come for miners.

   In the meantime check out the daily chart from Jun 2013 & maybe hedge your miner portfolio!

   • Fullgoldcrown says:

     June 7, 2018 - 10:08 pm at 10:08 pm

     Thanks Sir Norvast

     I remember it well

     Brutal

     Hopefully not as brutal this time

     Thanks for the insight to where we are in the cycles.