Goldtent TA Paradise

For Red Label

1. red label says:

   July 19, 2018 - 6:36 pm at 6:36 pm

   Thanks NS

   you are expecting a similar end game as in 2002 not in what happened after 1987? In 2002 the multiple Gulf Wars were on especially 2005 Oil did move. An interesting note the skid of the $US stopped abruptly with the start of the GFC 2008 just assuming that Gold dumped to purchase dollars and Oil to the woodshed….oil made a recovery into 2014 before crashing again.

   Is Oil the key to your prediction? Another question Gold topped in 2011 the $USD was around 80? Why did Gold Top? Gold rose roughly $900 (doubling in price) from 2009 to 2011 and the $USD was range bound between 70 – 80. Gold was also range bound after 2011 and Gold dropped $700 in 3 years?

   I’ve looked at the $US cycle a lot and you do as well just interested in your perspective of how 2018 is different than both 1987 and 02/03?

   GLTA

   • Northstar says:

     July 20, 2018 - 11:00 am at 11:00 am

     Hi Red. I think your questions can all be answered this way…
     I’m a firm believer in the cyclical nature of markets, and during each cycle there is a different set of background politics and economics taking place. That background can, and does distort the cycles sometimes, but ultimately the cyclical low will arrive close to expectations. The next major dollar cycle low is due around 2023, with gold and commodities peaking 2 or 3 years later. I don’t concern myself too much with the daily/weekly noise. It’s the ultimate lows and highs that concern me. If I had to hazard a guess, I’d say the next great financial crisis may be sometime in that 2023-2026 timeframe. I tend not to think too hard about exactly what is driving the moves in gold/oil etc, but rather follow the chart evidence.

2. BooBooMan says:

   July 19, 2018 - 10:07 pm at 10:07 pm

   I hope you’re correct, Northstar. I do see negative divergence between both a 14-bar and 9-bar RSI and the DXU8, but ALL THREE of my most reliable indicators aren’t indicating a top – or even an immediate high in the US Dollar.