Loading ...Gold: I’m Bullish Long Term ;-)
Just found this…
Boxes are same size.
My 7 year time frame from the beginning of Trump’s presidency takes us to an interesting place.
The two purple lines are parallel.
Rambus once called for $700 gold as a possibility.
I put the first box from the neck up to the top of the head of the H&S and positioned the second box from the extended neckline 7 years from the beginning of Trump and saw where it hit for a target low. It hit right on the parallel purple line…
Major Bull Flag in the making!? 🙂
See, I’m not a bear 🙂 haha…
p.s. I’m editing this to ask you to read my two comments below concerning a thought that gold would bottom at 666(didn’t someone say they thought this would be the low besides me?)… spooky! You’ll be shocked by what I’ve found!
For a reminder: The S&P bottomed in the last bear at 666
Could gold bottom at 666 like the S&P?
If one notices my purple parallel line starts at the 2013 low and runs parallel to the top line. If I were to connect the 2013 low and the 2015 low and extend it, THAT line brings us lower than 700 to right at 666 around the end of 2023/early 2024. Hmmm…
Thanks Chuck for your responses. I’m re reading them. I don’t know the answer to this: has gold and the US markets ever been in a secular bull at the same time? Best tot you and the family.
I don’t know either….
666. What the HELL(literally)!? Ikes…
This is insane!
http://www.usagold.com/reference/goldprices/1980.html
Everyone knows about the 1980 high of 850.
What was the highest monthly closing high in 1980 though?
What if I told you the highest monthly closing high, as you can verify at the link above, was on September 30th at 666.75!!!???
This means this entire, possible, bull flag could be a major backtest of the previous major bull market’s monthly closing high of 666!!!
p.s. the Devil is not a nice dude(typed SUCKS but changed it because I don’t want to piss him off, lol)…
p.p.s. don’t follow him…
Sorry missed text, had headphones going and was sucked up in a chartnado.
We’ve discussed the deviltry before. Harry is on the devil trail as well. Some interesting stuff in comments.
https://goldtadise.com/?p=442652
Interesting indeed.
Sir Schism do me a favor?
Extend on your software the 2013 and 2015 gold low extension and see what the date is where it hits the 1980 closing high of 666.75?
Schism. I know you’re on your way out. If you remember could you tell me whether the there has ever been a time in which both gold and the US markets have both been in a secular bull at the same time? Seems unlikely but I don’t know.
On thing for sure if we see 666 Gold …this place will be hell !
Not if out of your site the prediction came and people profited from it…
Heres a couple looks
https://www.tradingview.com/x/cijxcEau/
https://www.tradingview.com/x/XUHwQtUO/
works if you manipulate the channel but I like the major 100yr uptrend to hold. To me its more likely we see a big ass rectangle building out into 2023-26
Thanks Sir Schism,
Possibilities is all…
for sure, will look more, got easter stuff going on and about to head out of town. Will look more when I get back
Thanks again.
I also think, if this happens, the low may be in our face and not hidden like a line chart is. So I think the low shows up on a candle chart.
666 as the low for SPX was in our face.
Who knew the monthly closing high in the 1980’s was 666.75? Hidden…
Good catch Sir Chuck
You are the Devils Advocate
Chuck, you’re a funny guy.
Thanks Tbone. I mean to entertain 🙂