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Gold is getting no love right now . That’s for sure.
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Which is not surprising. Gold Crashed from 1800 to 1200 in 2013 ! Losing 33% in just 9 months.
5 Years Later it is STILL 1200. During that spell it has mostly traded in a small range from 1200 to 1350
IE : Gold is doing NOTHING.
HOW LONG CAN THIS GO ON ?
There is not a catalyst that seems to matter . Nukes, Kooks , Economies Imploding , Infinite Money Printing , Nothing matters.
So the unfortunate answer is…A LOT LONGER
somebody say something to cheer me up
How about that Jim Rogers holding court in Tax haven Singapore announcing that gold is to go to $900 but it’s okay to invest in Zimbabwe Is it too late to buy Wampum?
Have a Fifth on the Third (Labor/Labour Day). Cheers!
maybe elvis was a goldaholic
https://www.youtube.com/watch?v=Wb0Jmy-JYbA
Gold is doing better than plat.
In 2016 we were spooked by gold. Gold is still in cycle wave b which is hardest wave to trade or invest in.
Current EW wave from 2011 top L
At 1900 grand cycle wave III complete (time scale generational)
Gold is in corrective grand wave IV (green on Pedro’s chart).
Cyle wave a within grand wave IV is complete at 1045 in 2015
Gold is in cycle wave b most dreaded wave.It is not complete yet?? One more up is needed to complete.
From top of cycle wave b cycle wave c should begin down below 1000 to end both Grand cycle wave IV and cycle wave c.
No one knows the timing of this path???
I plan to cash out at top of cycle wave b. What ever that may be 1310 or 1395 or 1500.
hey bikoo do you recall the title of pedros chart?
LST:
Pedro has two counts; The latest is below
https://goldtadise.com/?p=433487
The second one later.
Those are Sam’s counts, not mine. I’m just the messenger.
And they are the same at larger degree. The differences there are in the path to the bottom.
I should add that I may soon be checking in with Sam, to advise him that MY own work, on the miners in particular, seems to be more consistent with Hendrik Z Jensen’s count. (Recent decline is wave 1 of eventual five wave move)
That would mean that Sam’s “bottom” is just the bottom of a larger wave 1, and the rally would be a 2, not the mega green wave. I need to see a bit more of Sept to confirm my view. So stay tuned.
PS Jensen’s LT count (I believe) is in line with Sam’s.
He just sees a lower bottom for this b of B wave.
If we get that lower low, there’s probably a pretty bearish interpretation for it with respect to what happens after B tops.
Meaning … it would be telegraphing the major deflationary wave C’s force.
Second post by Pedro
https://goldtadise.com/?p=431797
The USD looks very weak here (10 day SMA about to cross below 50 day SMA) while gold is giving signs of a conventional half cycle correction.
The strength of the Swiss Franc CHF has taken me by surprise since 15 Aug and I am wondering whether it is a sign that the USD is going to roll over without much fight!
August is month 6 for the USD and if it has peaked here then it is most likely going to print a left translated monthly cycle and August may be the yearly cycle high and the 3 year cycle high.
I am getting a bit more optimistic! Cautiously optimistic!
You’re right Gold is getting no love.
No Gold painted cars, no Gold clolored clothing, no gold jewelry. No Gold mutton bars in your windows, gold trim around the house is out of style, stocks are in the tank……huh. The Gold Perma Bulls are running for cover…..huh!
This looks interesting? I wanna see more blood in the streets maybe? Maybe I’ll see if I can order a Gold appliance set see what reaction I get?
I’m interested at the moment in the color of new car sales. Yeah that’s right the color of new cars.
FWIW White is the color of new cars choices around the world by a long shot. I’m also interested in the number of Blue car purchases….DYODD