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Gold Miner's Index Road Map

Oct-Nov high coming

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#1 Russ

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Posted 18 July 2017 - 07:45 AM

gdm, hui and gdx are all showing the same trends for a high in late oct to early nov. 2017 

xau is showing a high for late july which because of the other charts mentioned above will probably mean a temporary high then moving higher in the autumn.

 

top of the channel projection is the area from 2012 that Ganman mentioned as a target awhile back. A giant head and shoulders can also be seen on the chart as some others have discussed.

 

 

Gold%2BMiners%2BIndex%2BGDM%2BOct-Nov%2B


Edited by Russ, 18 July 2017 - 07:55 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



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#2 Russ

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Posted 18 July 2017 - 07:48 AM

this chart and the canadian dollar which has a close correlation to gold are also turning positive.

 


"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/

#3 Russ

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Posted 18 July 2017 - 08:06 AM

this chart shows my the predicted low for dec 2016  from the predicted high area from last summer which my original chart from tradestation predicted .

 

Gold%2BMiners%2BIndex%2BGDM%2BOct-Nov%2B


Edited by Russ, 18 July 2017 - 08:08 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/

#4 pisces

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Posted 24 July 2017 - 04:56 AM

this chart shows my the predicted low for dec 2016  from the predicted high area from last summer which my original chart from tradestation predicted .

 

Gold%2BMiners%2BIndex%2BGDM%2BOct-Nov%2B

 

THANKS , hopefully UP into yearend , we also have seasonality going for us plus the fact that many have giving up on the PM,s

my GLD chart points to a possible 165.00 , into 2018



#5 Russ

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Posted 24 July 2017 - 07:11 AM

 

this chart shows my the predicted low for dec 2016  from the predicted high area from last summer which my original chart from tradestation predicted .

 

 

 

THANKS , hopefully UP into yearend , we also have seasonality going for us plus the fact that many have giving up on the PM,s

my GLD chart points to a possible 165.00 , into 2018

 

Sounds good Pisces 165 gld is even higher than my forecast I think,  but all that will just be the start, my longer trends are showing a  major high in 2020 for gold. I am wondering what is going to go wrong with the world that is going to drive gold up this year?


Edited by Russ, 24 July 2017 - 07:13 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/