Gold Chart
Gold Chart Current - Since 1975
Started by
Russ
, Dec 09 2005 07:10 PM
3 replies to this topic
#1
Posted 09 December 2005 - 07:10 PM
"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/
"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
Posted 10 December 2005 - 01:06 PM
Hi Russ,
Get out your french curve. We'll test all time gold highs within the next 18 months. So ask me if I am selling anything.
We will have a consolidation when gold hits $560-570 or some level in this vicinity. But the 2nd half of 2006 to 2007 will be a sight to behold.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#3
Posted 10 December 2005 - 01:21 PM
I think there will be a 30 days consolidation (down) after hitting 535
Still am expecting a top mid to end january
#4
Posted 10 December 2005 - 01:40 PM
Hi John,
I agree with your projections. I also just heard technical analyst Ross Clark on www.cknw.com (Money Talks Radio which is archived on that site) , Ross said he is looking for a short term peak early next week, it should then pull back to around $505 for a week or so, and then move up to about 550 into January and down for a couple of months to test the 500 level again before running to $650 in later 2006 and then challenging the highs or exceeding them into 2007-08.
Adjusted for inflation the $850 high of the early 80's would have to be $2000 now. James Dines is calling for $3-4,000.
Also ties in with Martin Armstrong's cycles for a peak in inflation into the later part of this decade. Armstrong predicted a major debt crisis to unfold along with all of this.
Russ
I agree with your projections. I also just heard technical analyst Ross Clark on www.cknw.com (Money Talks Radio which is archived on that site) , Ross said he is looking for a short term peak early next week, it should then pull back to around $505 for a week or so, and then move up to about 550 into January and down for a couple of months to test the 500 level again before running to $650 in later 2006 and then challenging the highs or exceeding them into 2007-08.
Adjusted for inflation the $850 high of the early 80's would have to be $2000 now. James Dines is calling for $3-4,000.
Also ties in with Martin Armstrong's cycles for a peak in inflation into the later part of this decade. Armstrong predicted a major debt crisis to unfold along with all of this.
Russ
Hi Russ,
Get out your french curve. We'll test all time gold highs within the next 18 months. So ask me if I am selling anything.
We will have a consolidation when gold hits $560-570 or some level in this vicinity. But the 2nd half of 2006 to 2007 will be a sight to behold.
cheers,
john
"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/
"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/