Bottomz Inn ?
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link corrected
https://rambus1.com/2018/11/18/weekend-report-did-we-just-witness-the-bottom-in-the-gold-market/
If you like this article please leave Plunger a message here.
He has requested we make this public .
link corrected
https://rambus1.com/2018/11/18/weekend-report-did-we-just-witness-the-bottom-in-the-gold-market/
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Thanks, Plunger.
Great piece, with plenty of analysis to back up your thinking. It tallies very much with my own thoughts. Thank you.
” It is possible that the gains of the past 2 months may need to be retested in a form of a double bottom down to the 1180 area for gold. ”
I’m in this camp. If not lower lows.
Came here after spotting nice move in Novo this week.
Could be mistaken, but on my work, this is the bounce just before the final lows come in.
I’m wrong if it continues to surge.
Without giving away the details, I believe we’re at a point similar to late summmer 2015.
In Oct 2015, for GLD, I had a monthly sell short setup that played out for Nov and most of Dec.
I have that same setup as in Oct 2015 again right now. We’ll see how it goes.
Thanks, Plunger. Your article is skillfully presented- a pleasure to read.
For my part I agree that the bottom in gold stocks, if not already in, may be close at hand.
On the HUI:GLD ratio chart there is a pattern fractal where the 2015 bottom and the recent bottoming formation are strikingly similar – except for one small quick fake out move to the bottom of the pattern. It may be of interest. I’ll post a chart…
Thank you, Plunger, for your thorough and thoughtful analysis. Boy, do I hope you are right!
Thanks Plunger. You’re a year or two early, but it feels good.