Goldtent TA Paradise

$XSF – Swiss Franc

1. Northstar says:

   April 19, 2019 - 2:50 am at 2:50 am

   Thanks SF. Note the positive divergence on the indicators. Highly likely to be a classic (and quite common) false breakdown.

2. Fullgoldcrown says:

   April 19, 2019 - 7:42 am at 7:42 am

   SF = Swiss Frank and also Silver Fox

   🙂

3. norvast says:

   April 19, 2019 - 9:10 am at 9:10 am

   Happy Easter silver fox.

   Gold will not advance without CHF and YEN

   So apart from the USD I keep an eye on the Swiss Franc and Japanese YEN

   The Swiss Franc has just completed week 22 in the weekly cycle which topped in week 8 so it is very left translated. At 22 weeks it has entered the timing band for an ICL (weekly cycle low). The daily cycle has failed and is on calendar day 42 so it is also entering the timing band for a DCL

   The Japanese YEN has just completed week 28 in the weekly cycle which topped in week 13 so it is also left translated. At 28 weeks it is well into the timing band to host an ICL. The daily cycle has failed and is on calendar day 45 so it is also entering the timing band for a DCL.

   So both currencies are telling us that an ICL is just around the corner but before that happens I suspect there will be a lot of damage to gold.

   The currencies where an early indicator NOT to get too exciting about gold after Jan but by then gold had advanced rapidly and got everyone talking about the moon. Well now I think gold will take away all those gains & in the next 2 weeks (until FOMC meeting) decline to around the DCL 14 Dec at 1233

   Gold will eventually act as a hedge when stocks approach their peak next year (2020) and when stocks slide into a mid cycle slowdown. There will be much pressure on the US leaders to devalue the USD to ease the burden of a recession and with that decline in the USD gold will advance.

   Remember the declines into an ICL are historically drawn out affairs with much capitulation selling, so at these times you should be positioning yourself to maximise gains on the rebound.

   The AUS miners represent good buying…as I wrote today…

   “I am like a cracked record having talked about the profitability of AUS producers since 2014 based on high USD, high gold prices in AUD, low oil prices and low earth moving plant costs.

   The AUS producers have been making good profits and are cashed up, which has allowed them to put in place significant exploration programmes, pay good dividends and buy up cheap assets.

   They are good businesses as well as good miners!”

   There you go silver fox my Easter message!

   • silver fox says:

     April 19, 2019 - 1:37 pm at 1:37 pm

     Thanks, Norvast, and a happy Easter to you and yours.