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Major cycle low due: end of 2017"... McClellan


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#1 Rogerdodger

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Posted 11 September 2017 - 10:54 AM

"Gold has been pushing up to higher closing highs, which is getting the gold bugs all excited.  But we are now late in the 13-1/2 month cycle that is dominant in gold prices, and so we should expect a drop into the major cycle low due at the end of 2017."

Continue reading "Tom McClellan: Gold's 13-1/2 Month Cycle: Right Translation" »

 

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Edited by Rogerdodger, 11 September 2017 - 10:57 AM.


#2 dougie

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Posted 11 September 2017 - 11:51 AM

Seems possible

#3 risk_management

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Posted 11 September 2017 - 04:35 PM

Possible if gold is still in a bear market.  If not, you need more history than 2011 which you can find in the same article.



#4 gannman

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Posted 11 September 2017 - 04:40 PM

there was a twelve month low in gld on or about july 10 . i believe that was the bottom but we will see. what he is saying is gld is still in a bear market 

 

anything is possible i dont think so but who knows


feeling mellow with the yellow metal


#5 gannman

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Posted 11 September 2017 - 04:42 PM

and i find it highly unlikely when i see certain stocks having gone to new all time highs fwiw


feeling mellow with the yellow metal


#6 Rogerdodger

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Posted 11 September 2017 - 04:43 PM

FWIW, Seasonal shows an early September break out, ramp up, (which we have seen) then a pullback to support, which would be around $1,300 for gold. $35 lower than today's close.

 

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Edited by Rogerdodger, 11 September 2017 - 04:46 PM.


#7 dougie

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Posted 12 September 2017 - 12:49 AM

Looking at Gdx looks like we hit a trendline October and feb highs. Maybe we get a C wave down now

#8 Rogerdodger

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Posted 18 September 2017 - 08:54 AM

Rogerdodger Posted 11 September 2017 - 04:43 PM

FWIW, Seasonal shows an early September break out, ramp up, (which we have seen) then a pullback to support, which would be around $1,300 for gold. $35 lower than today's close.

 

 

 

'Gold Pain Began at $1321, Could Get Worse at $1300' - Analysis

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Edited by Rogerdodger, 18 September 2017 - 08:55 AM.


#9 dougie

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Posted 18 September 2017 - 12:07 PM

Are you leaning bearish here?

#10 Rogerdodger

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Posted 18 September 2017 - 01:20 PM

Dougie, seasonally the 1300 support area could hold, then bounce into an October high...if a "normal" seasonal pattern holds.

 

But will Yellen be dovish and N.K.'s Kim hawkish?


Edited by Rogerdodger, 18 September 2017 - 01:33 PM.