Loading ...Gold…This Year… and Next?
This first research article is by a well known Canadian of more than 40 years experience as a professional technical analyst. (He’s also a veritable “encyclopedia” of market history in the metals, energies and equities.) He’s right far more often than he’s wrong.
The second is from my technician friend who has at least as many years as a professional in that trade. He’s made numerous calls of incredible accuracy, and when nothing works out chart-wise and technically he quickly admits it.
The picture they paint isn’t an especially easy one – and maybe not a friendly one. But the verdict should soon be revealed – and we should be prepared to act on it when it arrives – whatever it is.
Most Excellent Analysis boobooman.
These guys are obviously very good .
Love the way you linked the PDFs as well
Thanks a ton
Keep these coming. Even if I disagree. And even if Fully hates EW. LOL.
At the second link, my eyes are immediately drawn to the lower right sto’s that are cresting from a high level.
That is — essentially — was I saw building in my own way, and is now triggering.
So yes to “at least” a test of the lows. (I can even see a 15 handle next, frankly.)
Yes to the “flat” correction. Just means the first major bounce (red B) nearly returns to the origin of the move. My problem with this is simply that C waves must be in five subwaves, and this one doesn’t clearly oblige (yet).
Always liked Ross’ work too. Tried my hand at DeMark’s tools myself a few years back, but I couldn’t find a reliable way to use that system. Ross’ focus on exhaustion moves is also notable. Parallels the work of other folks like Lowry’s who investigated buying and selling climaxes using volume spikes and other metrics.
What price of gold do you think will be the low and around what time. I just want to know your gut feeling.