294 replies to this topic

[senorBS]

looks to me amigos that yesterdays lows muy possibly ended double zigs in gold and silver, now we watch for maybe an importante rally NO BS Senor

[johngeorge]

In the event you have some time to kill here are two interviews by Jim Puplava:

Jim Rogers: Why You Want To Own Hard Assets In An Age Of Inflation The Commodity Bull Market Has A Long Way To Run 03/23/2012

Robert Prechter: Signs of an Impending Credit Implosion Prechter sees the Stock Market in the process of topping 03/22/2012

[fluid]

looks to me amigos that yesterdays lows muy possibly ended double zigs in gold and silver, now we watch for maybe an importante rally

NO BS

Senor

Senor, can you please elaborate a little by what you mean by "double zig zags"? What time frame are you looking at, weelkies or the monthlyies or dailies?

On the daily chart taking the XAU I can see an a-b-c type formation on th daily chart, starting from the end of February and ending possible yesterday. Is this the same and I am grateful to you.

[dharma]

prechter has not been correct about anything for decades dougie- for an investor,its all part of the process. the 8.6 yr cycle low in gold(2-4.3 subdivisions comes in now, or any timew/in the next 3 weeks) i dont want to bottom call here. divergences on hourly charts. sentiment is @an extreme, and my gann work shows this as a qute normal correction. we were not weak enough to break into the previous cycle. taking beatings in this sector is the way it goes, the boys want you to use and hold fiat. no one is on your side holding the precious. i see that possibility too senor! the 1659 seems to be the magnet. our job is to buy weakness dharma

Edited by dharma, 23 March 2012 - 11:00 AM.

[stubaby]

soon can be a long time we we are declining like this
imo this doesnt turn very soon and it could become a rout

dougie:

Per Alf's count - Williams %R looks like a nice fractal for this Wave 2 of 3 vs. 2008-9 Primary Wave 2 corrective:

http://stockcharts.com/c-sc/sc?s=$GOLD&p=M&yr=20&mn=6&dy=0&i=p74112129489&a=188369749&r=766.png

We'll see!


stubaby

[tradermama]

soon can be a long time we we are declining like this
imo this doesnt turn very soon and it could become a rout

dougie:

Per Alf's count - Williams %R looks like a nice fractal for this Wave 2 of 3 vs. 2008-9 Primary Wave 2 corrective:

http://stockcharts.com/c-sc/sc?s=$GOLD&p=M&yr=20&mn=6&dy=0&i=p74112129489&a=188369749&r=766.png

We'll see!


stubaby

Gold just has to touch 1680 and we have a new pnf buy..not to mention some good Gann stuff, right Dharma..
TM

[senorBS]

soon can be a long time we we are declining like this
imo this doesnt turn very soon and it could become a rout

dougie:

Per Alf's count - Williams %R looks like a nice fractal for this Wave 2 of 3 vs. 2008-9 Primary Wave 2 corrective:

http://stockcharts.com/c-sc/sc?s=$GOLD&p=M&yr=20&mn=6&dy=0&i=p74112129489&a=188369749&r=766.png

We'll see!


stubaby

Gold just has to touch 1680 and we have a new pnf buy..not to mention some good Gann stuff, right Dharma..
TM

gold with this mornings rally has 5 up at least off last weeks low, double zigger is finito IMO

Senor

[dharma]

i tend to agree w/senor. although, i want to be cautious here, = it sure looks like the low is in. it is not made easy to ride a bull. the constant beatings can affect ones psychology. having been through these battles before makes it @least recognizable. the trend is your friend the fact that the market could not break back into the previous price cycle spoke volumes for me dharma

[dharma]

if you think gold has an 8.6 yr price cycle , subdividing into 2 -4.3 yr price cycles, then this very well could have been the lows of a major cycle. the sentiment #s thathgnsi points to suggest that this was a significant low. the average gold timer was short! if so, could this not be a kickoff to 3????? dharma

[senorBS]

if you think gold has an 8.6 yr price cycle , subdividing into 2 -4.3 yr price cycles, then this very well could have been the lows of a major cycle. the sentiment #s thathgnsi points to suggest that this was a significant low. the average gold timer was short!
if so, could this not be a kickoff to 3?????
dharma

that is possible, as you are I am wary and no need to think about grande count at this time, looks bullish for now and a rally to 1800, that is all this old hombre needs to worry about.

Senor