Goldtent TA Paradise

a deflationist view-scary

#Gold will drop in last wave C to my target 750-825 area in the Deflationary part of the crisis. We are at an important point. We can rally a little higher – but it will not change my forecast. Gold will drop! #HZupdates

1. Northstar says:

   January 14, 2019 - 5:30 am at 5:30 am

   I strongly disagree. Time will tell, but a break above the $1400 area is the only thing that will confirm my bullish forecast.

   • Afasilver says:

     January 14, 2019 - 9:16 pm at 9:16 pm

     Northstar I’m going to agree with you … I think it’s very possible gold, gold stocks, silver, etc. will catch many by surprise. Still too many bearish on the sector twiddling their thumbs for a breakout and still fearful of the downside. Now is good as time as any to break $1300+ in the coming weeks/months. I think the same will eventually be seen with uranium as well.

2. EagleSeagle says:

   January 14, 2019 - 7:44 am at 7:44 am

   Thanks for sharing Electrum; this is a perspective that must not be ruled out…

3. Triplehstocks says:

   January 14, 2019 - 9:28 am at 9:28 am

   Thanks Electrum! In the year 2000, the Nasdaq 100 vs Gold ratio hit a high of 17.0 (the ratio is currently around 5.0). So at $800 Gold, that implies the Nasdaq 100 could reach 13600 which is roughly a double from current NDX valuation of 6600. The revisit of $NDX:$GOLD back to 17.0 may coincide with your C Wave for Gold to its $800 price target.
   https://goldtadise.com/?p=438627

4. pedro_deleon says:

   January 14, 2019 - 3:06 pm at 3:06 pm

   My own “LT” chart work supports a bearish view, although I won’t argue depth or duration to quite this degree. (But then the depth of the crude collapse came as a surprise too.)
   Although for gold, its taken a bit longer to trigger than I initially expected. Same for HZJ.
   It appears to be some kind of $ up, massive risk off setup that’s lurking out there for late Jan or early Feb. That’s how things are lining up for me. As Northstar says, TWT.