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Gold - the bullish view by a guy who has called every turn this year....


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#1 Russ

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Posted 05 July 2017 - 02:53 PM

https://seekingalpha...87759ea112&dr=1

 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#2 gismeu

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Posted 07 July 2017 - 05:29 PM

Well, is he still bullish?

Would like to read his next posting!

 

gis

P.S. Was expecting the 1218 to 1220 area to hold, but it didn't.

However, next week is the bottom in my weekly cycles so we might be near a bottom now.


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#3 Russ

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Posted 07 July 2017 - 11:56 PM

I have not seen another post from him Gis,  I am seeing a possible  low forming here on the gld chart which has a bull flag formation on it too. I am still seeing trends for a high in august and those trends also show up on the Dust chart for a low.  The thing that bothers me is the double top on the charts and the breach of the gdx trendline from 1.5 years ago though.


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#4 gismeu

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Posted 08 July 2017 - 06:57 AM

I have not seen another post from him Gis,  I am seeing a possible  low forming here on the gld chart which has a bull flag formation on it too. I am still seeing trends for a high in august and those trends also show up on the Dust chart for a low.  The thing that bothers me is the double top on the charts and the breach of the gdx trendline from 1.5 years ago though.

 

Thanks Russ.

 

There are many things pointing to this being a low for a few weeks, but only time will tell.

 

gis


If you can't buy Happiness, STEAL IT!

#5 Russ

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Posted 08 July 2017 - 08:12 AM

 

I have not seen another post from him Gis,  I am seeing a possible  low forming here on the gld chart which has a bull flag formation on it too. I am still seeing trends for a high in august and those trends also show up on the Dust chart for a low.  The thing that bothers me is the double top on the charts and the breach of the gdx trendline from 1.5 years ago though.

 

Thanks Russ.

 

There are many things pointing to this being a low for a few weeks, but only time will tell.

 

gis

 

The other thing I noticed is that XAU has not broken its support line and it looks possible that it will head back up to the top of its wedge now, but it could also break that support line next week.  Here is the update.... xau%2Blate%2BJuly%2Bor%2BEarly%2BAug%2Bh


Edited by Russ, 08 July 2017 - 08:14 AM.

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/