4 replies to this topic

[NAV]

In Dec 2011, Gold went into a bear market and has had quite a bit haircut since then. This is one of the reasons i respect the monthly trend when it kicks in.

 

The monthly trend turned in Feb 2016. It took nearly 5 years for the monthly trend to reverse. Finally the breakout above the Feb monthly candle has GLD in a confirmed monthly bull trend now. However GDX and Silver still remains in a bear market. GDX needs a monthly close above 20.27 and SLV needs a monthly close ab ove 16.32. Until all three markets confirm the bull trend, i remain skeptical on Gold.

 

Once all 3 confirm, i think we are going to see some exciting times in the precious metals world. The true "Retirement trade" will start once all three confirm 

Edited by NAV, 20 March 2016 - 10:42 PM.

[NAV]

Remember this ?

 

http://www.traders-t...-board/?hl=gold

[Charvo]

Gold's chart pattern from the highs of 2015 to right now looks like gold's March high in 2008 to spring 2009.  I agree that any pullbacks are buying opportunities for long-term portfolios.

[diogenes227]

Gold, Silver and GDX and the dollar...

 

[tria]

In Dec 2011, Gold went into a bear market and has had quite a bit haircut since then. This is one of the reasons i respect the monthly trend when it kicks in.

 

The monthly trend turned in Feb 2016. It took nearly 5 years for the monthly trend to reverse. Finally the breakout above the Feb monthly candle has GLD in a confirmed monthly bull trend now. However GDX and Silver still remains in a bear market. GDX needs a monthly close above 20.27 and SLV needs a monthly close ab ove 16.32. Until all three markets confirm the bull trend, i remain skeptical on Gold.

 

Once all 3 confirm, i think we are going to see some exciting times in the precious metals world. The true "Retirement trade" will start once all three confirm 

 

I don't remain sceptical on Gold but I do expect a big correction in the ST/MT.

The $1,170 level may be tested some time in the next few months IMO.

 

http://www.traders-t...and-it-aint-up/

Edited by tria, 21 March 2016 - 03:50 AM.