{"id":390733,"date":"2016-12-27T22:44:30","date_gmt":"2016-12-28T03:44:30","guid":{"rendered":"https:\/\/goldtadise.com\/?p=390733"},"modified":"2016-12-28T21:58:07","modified_gmt":"2016-12-29T02:58:07","slug":"when-all-the-experts-and-forecasts-agree-something-else-is-going-to-happen-bob-farrell","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=390733","title":{"rendered":"“When all the experts and forecasts agree – something else is going to Happen” – Bob Farrell"},"content":{"rendered":"

Gold looks terrible on the charts. Just plain terrible. And regardless of being oversold and today’s short-covering bounce, it clearly remains in a downtrend<\/em>. As I see it “them’s the facts”.<\/p>\n

But bearish sentiment is so hard and thick you could cut it with a knife. I’m seeing nothing but articles like this:<\/strong> http:\/\/www.marketstoday.net\/analysis\/Analysis-Commentary\/gold-due-for-a-bounce-but-remains-in-long-term-bearish-trend\/18764\/en\/<\/a><\/p>\n

And research like this from the Vampire Squid (Goldman Sachs):<\/strong><\/p>\n

? The decline since July is much more impulsive than
\ninitially anticipated. It\u2019s worth considering whether this is
\nactually in a large Vth wave of a sequence that started at
\nthe \u201811 peak (similar to the DXY, Oil, and many other
\ncharts discussed in this chart pack). This wasn\u2019t the initial
\nwave count included in previous updates, but it\u2019s now
\nlooking like it makes a lot more sense from a cross asset
\nperspective.
\n? If this is truly the correct interpretation, wave V has
\nscope to eventually reach 989 (if equal to the length of
\nwave I).
\n? Tactically, the next level to watch is 1,124-1,121
\n(includes a 1.618 extension from the Jul. \u201916 high). A
\nretracement from current levels could test ~1,173.51
\n(23.6% of the decline since Nov.). It shouldn\u2019t go much
\nhigher than 1,205 (38.2%). Getting this retrace will
\nprovide an attractive level to consider re-establishing
\nbearish exposure.
\n? View: Consider adding bearish exposure near 1,173.51. No higher than 1,205. Scope to reach 989 (wave V)<\/p>\n

.\"\"<\/a><\/p>\n

Maybe the shorts are about to get skinned<\/strong> before <\/strong><\/em>we head down again?<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold looks terrible on the charts. Just plain terrible. And regardless of being oversold and today’s short-covering bounce, it clearly remains in a downtrend. As I see it “them’s the facts”. But bearish sentiment is so hard and thick you … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2818,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-390733","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/390733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2818"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=390733"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/390733\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=390733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=390733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=390733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}