18 replies to this topic

[Russ]

Note that the 50 ma has crossed over the 200 ma, the golden crossover.  Gold is right on the downtrendline from 2011 (not on this chart) , if it can punch through this area it should really take off. Bearish opinions?

 

[gismeu]

Interesting article at Gold--Eagle re seasonality:

 

http://www.gold-eagl...une-worst-month

 

In short, June is the weakest month of all 12!!!

 

gis

[Smithy]

Thanks for posting this.

Seasonality is not what it used to be. Now it depends on the timeframe (number of years) you take into account.

 

4 out of the last 4 years had major lows around December contrary to long term seasonal patterns.

So the gold seasonality chart has become misleading, even though it looks sexy.

[gismeu]

Thanks for posting this.

Seasonality is not what it used to be. Now it depends on the timeframe (number of years) you take into account.

 

4 out of the last 4 years had major lows around December contrary to long term seasonal patterns.

So the gold seasonality chart has become misleading, even though it looks sexy.

 

My cycles actually don't confirm that either,  but .....

 

Still waiting for a bottom in the daily cycle, but it might not come until after  the weekly cycle makes a top

in the 1290 area in 2 to 4 weeks. That is how it looks like today. First resistance for that is to break above 1270.

 

gis

[AChartist]

something is strange when pre 1933 coins lost their high premiums.

the story was they were not confiscatable under fdr 1934 law and so the collector

premium. Now they are same as new gold value all the sudden, it means something

means gold will not be confiscated but will be legal tender base money again, it was probably

the states that legalized gold legal tender that did it to the premiums.

[gismeu]

Hi,

 

just wanna give a cycle update.

 

Next week my weekly cycle tops. However, there is always the possibility that the top comes in one week early or one week late.

However, with the monthly and yearly cycles still pointing up, I would expect the weekly top to actually come in next week or the week after,

before some kind of significant retrace.

 

Price-wise, yesterday Gold touched a monthly resistance level which is 1297 to1299.

So the way I am reading all this is that Gold needs to close on a daily basis above 1299 for

the weekly top to be higher than 1298.

If it gets higher, than we should see at least 1315.

 

not trading advice, gis

[Smithy]

Thanks, Gismeu.

[dougie]

Did someone sell a slug of Gdx at yesterday's close

[Russ]

Eric Hadik mentioned June 9th as an important date. An intermediate correction is quite possible but the final high should be in August.

 

 

"That is still in sync with their weekly LHR indicator - that projects an intermediate peak no later than June 9^th.  With recent lows (after early-month declines) on March 10^th & May 9^th, it would not be surprising to see a contrasting high on ~June 9^th - after an early-month advance.  That would perpetuate a ~30-degree sequence of intra-month extremes."... Eric Hadik

[pisces]

THANKS RUSS !