{"id":450073,"date":"2019-10-03T02:06:18","date_gmt":"2019-10-03T06:06:18","guid":{"rendered":"https:\/\/goldtadise.com\/?p=450073"},"modified":"2019-10-03T11:22:19","modified_gmt":"2019-10-03T15:22:19","slug":"too-far-too-fast-gold-at-1330","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=450073","title":{"rendered":"Too Far, Too Fast? Gold at $1,330?"},"content":{"rendered":"<p>The hour is late and BooBooMan is tired <em>(yard work, mowing, too many birthdays, etc.)<\/em> but he believes this is worth sharing. I do believe Gold bottomed in December 2015 at $1,045.40 Comex. I also believe the odds are that gold has entered the <em>very early stages<\/em> of a *new* cyclical bull market. My eventual target is approximately $3,300\/ounce Comex. <em>However<\/em>, unless everything in the equity market begins to come completely apart and the frauds at the Fed begin QE on steroids we&#8217;re probably going to see a few months of consolidation\/correction before the newborn bull can snort once again.<\/p>\n<p>Two very smart technicians whose work is posted below my charts also think so.<\/p>\n<p style=\"text-align: center\"><a href=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/Gold-SPX-Monthly-10-02-19.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-450071\" src=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/Gold-SPX-Monthly-10-02-19-300x204.png\" alt=\"\" width=\"599\" height=\"407\" srcset=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/Gold-SPX-Monthly-10-02-19-300x204.png 300w, https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/Gold-SPX-Monthly-10-02-19-150x102.png 150w, https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/Gold-SPX-Monthly-10-02-19-800x543.png 800w, https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/Gold-SPX-Monthly-10-02-19.png 1325w\" sizes=\"auto, (max-width: 599px) 100vw, 599px\" \/><\/a><\/p>\n<p>A Friday <em><strong>close<\/strong><\/em> above .061 on this Weekly Ratio Chart of GLD:$SPX should trigger fireworks on the Comex.<\/p>\n<p style=\"text-align: center\"><a href=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/GLDvsSPX-Monthly-Ratio-Chart-10-02-19.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-450072\" src=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/GLDvsSPX-Monthly-Ratio-Chart-10-02-19-300x226.png\" alt=\"\" width=\"588\" height=\"443\" srcset=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/GLDvsSPX-Monthly-Ratio-Chart-10-02-19-300x226.png 300w, https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/GLDvsSPX-Monthly-Ratio-Chart-10-02-19-150x113.png 150w, https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/GLDvsSPX-Monthly-Ratio-Chart-10-02-19-800x604.png 800w, https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/GLDvsSPX-Monthly-Ratio-Chart-10-02-19.png 1325w\" sizes=\"auto, (max-width: 588px) 100vw, 588px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/ChartWorks-GoldBIG-Warning-in-COT-Data-10-01-19.pdf\">https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/ChartWorks-GoldBIG-Warning-in-COT-Data-10-01-19.pdf<\/a><\/p>\n<p><a href=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/TechFocus-Weekly-Gold-10-01-19.pdf\">https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/TechFocus-Weekly-Gold-10-01-19.pdf<\/a><\/p>\n<p>Also, here&#8217;s the Seasonal Chart for Gold with various time periods. The 15-Year would encompass the period 2003-2018. Would that period be more appropriate <em>if we&#8217;re now in a Baby Bull?<\/em><\/p>\n<p><a href=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/Gold-Comex-Seasonal-Chart-1979-2018-Moore-Research.pdf\">https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/Gold-Comex-Seasonal-Chart-1979-2018-Moore-Research.pdf<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The hour is late and BooBooMan is tired (yard work, mowing, too many birthdays, etc.) but he believes this is worth sharing. I do believe Gold bottomed in December 2015 at $1,045.40 Comex. I also believe the odds are that &hellip; <a href=\"https:\/\/goldtadise.com\/?p=450073\">Continue reading <span class=\"meta-nav\">&rarr;<\/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-450073","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/450073","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=450073"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/450073\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=450073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=450073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=450073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}