11 replies to this topic

[Russ]

I have confirmed trends on my oscillator for a high in January for HUI and NUGT. This oscillator in 2007 also predicted the housing crisis of late 2008, I posted a chart on the Fearless Forecasters board in early 2007 that the HGX Housing Index would form a major low in the spring of 2009. The indicator also predicted the 1999 low in gold in 1993, that prediction was put onto the old Compuserve Investors Forum. I believe this is a strong confirmed signal for gold and as I noted on FF my forecast also seems to be showing a Terry Laundry 'T' from the peak of 2011 to January of 2013. The elliot wave technician that Kitco.com interviews on video is looking for a breakout of the gold wedge that will take it to the 2200 dollar level this fall, for the final 5th Wave completion. My work is showing Gold will peak in 2016 which is close to Martin Armstrong's prediction that Gold will peak in 2017 based on his cyclical analysis, his latest estimate is that it will go to 5000-10,000 by 2017 after the Zero Bid day for US Bonds arrives and the USA becomes effectively Bankrupt with its dollar becoming greatly devalued, if it survives. Japan, Europe and Modern Rome - the USA, Core Economy of the World - are all headed for bankruptcy in Armstrong's view, the era of Marxist Socialism is going to end badly in his view. The general stock market can rally with gold into 2015 too in line with "you know who"'s primary wave 3 but all bets are off by 2016, it is hard to see how business can function very well when governments become a huge black hole.

[tradermama]

I have confirmed trends on my oscillator for a high in January for HUI and NUGT. This oscillator in 2007 also predicted the housing crisis of late 2008, I posted a chart on the Fearless Forecasters board in early 2007 that the HGX Housing Index would form a major low in the spring of 2009. The indicator also predicted the 1999 low in gold in 1993, that prediction was put onto the old Compuserve Investors Forum. I believe this is a strong confirmed signal for gold and as I noted on FF my forecast also seems to be showing a Terry Laundry 'T' from the peak of 2011 to January of 2013. The elliot wave technician that Kitco.com interviews on video is looking for a breakout of the gold wedge that will take it to the 2200 dollar level this fall, for the final 5th Wave completion.

My work is showing Gold will peak in 2016 which is close to Martin Armstrong's prediction
that Gold will peak in 2017 based on his cyclical analysis, his latest estimate is that it will go to
5000-10,000 by 2017 after the Zero Bid day for US Bonds arrives and the USA becomes effectively
Bankrupt with its dollar becoming greatly devalued, if it survives. Japan, Europe and Modern Rome - the USA, Core Economy of the World - are all headed for bankruptcy in Armstrong's view, the era of Marxist Socialism is going to end badly in his view. The general stock market can rally with gold into 2015 too in line with "you know who"'s primary wave 3 but all bets are off by 2016, it is hard to see how business can function very well when governments become a huge black hole.

Thanks for your input, Russ. I thought Laundry had a low for gold in the fall and the markets a low in January unless now it's upside down? when you say a hi for HUI and NUGT, I assume you mean an intermediate hi?
TM

[Russ]

You're welcome TM, I am not sure what Terry Laundry had predicted for Gold, I had just noticed that there is a T on the chart using my prediction of a high for Next January for the Gold stocks. The high in January for the gold stocks would be an intermediate high on my oscillator, the real high should show up in either 2016 or maybe 2017, the latter being Armstrong's view. Nothing is carved in stone I suppose I could always be wrong, but I don't think I am at this point. Russ Thanks for your input, Russ. I thought Laundry had a low for gold in the fall and the markets a low in January unless now it's upside down? when you say a hi for HUI and NUGT, I assume you mean an intermediate hi? TM [/quote]

[dharma]

I have confirmed trends on my oscillator for a high in January for HUI and NUGT. This oscillator in 2007 also predicted the housing crisis of late 2008, I posted a chart on the Fearless Forecasters board in early 2007 that the HGX Housing Index would form a major low in the spring of 2009. The indicator also predicted the 1999 low in gold in 1993, that prediction was put onto the old Compuserve Investors Forum. I believe this is a strong confirmed signal for gold and as I noted on FF my forecast also seems to be showing a Terry Laundry 'T' from the peak of 2011 to January of 2013. The elliot wave technician that Kitco.com interviews on video is looking for a breakout of the gold wedge that will take it to the 2200 dollar level this fall, for the final 5th Wave completion.

My work is showing Gold will peak in 2016 which is close to Martin Armstrong's prediction
that Gold will peak in 2017 based on his cyclical analysis, his latest estimate is that it will go to
5000-10,000 by 2017 after the Zero Bid day for US Bonds arrives and the USA becomes effectively
Bankrupt with its dollar becoming greatly devalued, if it survives. Japan, Europe and Modern Rome - the USA, Core Economy of the World - are all headed for bankruptcy in Armstrong's view, the era of Marxist Socialism is going to end badly in his view. The general stock market can rally with gold into 2015 too in line with "you know who"'s primary wave 3 but all bets are off by 2016, it is hard to see how business can function very well when governments become a huge black hole.

i do this kind of work too, i find it fascinating. i operate in the present, but have a rough picture in my mind. i do think bonds will be a good buy @some point. no one will want to touch them, in spite of them offering outstanding returns. reneging is quite rare. i will not place the ranch against that one, but from here, i will be looking to buy some.
stocks, which are real assets will do well for a period. are of no interest to me. they are in the middle not outstanding value
commodities will continue to be the big winners into 2016 . food and water will offer outstanding returns. and the big beneficiary of all of that will be gold. all the fiats will seek fair value. the promises of govt will be heavily scrutinized. 6k has been my # for gold, but i think that will be way to low @present 1% holds gold , @ the top it will be very crowded.
dharma
thanks for sharing

[fluid]

To me this bounce loos tired and the miners are still weak, not indicative of an impulsive move IMO.

[Russ]

Actually reneging is the norm, Armstrong did research going back 6000 years, every empire during that time eventually defaulted on its debts, the exception was Romania. In the 1930's, most of the world defaulted on its debts, South America, Asia, Europe, the exceptions were the USA and Canada and also Britain which placed a 6 month moritorium on debt payments. So the USA not reneging on its debts would make it the exception in 6000 years, given the corruption in the banking and political circles (human nature does not change over thousands of years) it is not hard to figure out what is going to happen to the trillions of dollars of debt outstanding. Go to youtube and watch Tony Robbins video on the debt, a real eye opener. Obama's Chairman of his finance committee said it well...." The American people are financially $#@%^&$&ed".

I have confirmed trends on my oscillator for a high in January for HUI and NUGT. This oscillator in 2007 also predicted the housing crisis of late 2008, I posted a chart on the Fearless Forecasters board in early 2007 that the HGX Housing Index would form a major low in the spring of 2009. The indicator also predicted the 1999 low in gold in 1993, that prediction was put onto the old Compuserve Investors Forum. I believe this is a strong confirmed signal for gold and as I noted on FF my forecast also seems to be showing a Terry Laundry 'T' from the peak of 2011 to January of 2013. The elliot wave technician that Kitco.com interviews on video is looking for a breakout of the gold wedge that will take it to the 2200 dollar level this fall, for the final 5th Wave completion.

My work is showing Gold will peak in 2016 which is close to Martin Armstrong's prediction
that Gold will peak in 2017 based on his cyclical analysis, his latest estimate is that it will go to
5000-10,000 by 2017 after the Zero Bid day for US Bonds arrives and the USA becomes effectively
Bankrupt with its dollar becoming greatly devalued, if it survives. Japan, Europe and Modern Rome - the USA, Core Economy of the World - are all headed for bankruptcy in Armstrong's view, the era of Marxist Socialism is going to end badly in his view. The general stock market can rally with gold into 2015 too in line with "you know who"'s primary wave 3 but all bets are off by 2016, it is hard to see how business can function very well when governments become a huge black hole.

i do this kind of work too, i find it fascinating. i operate in the present, but have a rough picture in my mind. i do think bonds will be a good buy @some point. no one will want to touch them, in spite of them offering outstanding returns. reneging is quite rare. i will not place the ranch against that one, but from here, i will be looking to buy some.
stocks, which are real assets will do well for a period. are of no interest to me. they are in the middle not outstanding value
commodities will continue to be the big winners into 2016 . food and water will offer outstanding returns. and the big beneficiary of all of that will be gold. all the fiats will seek fair value. the promises of govt will be heavily scrutinized. 6k has been my # for gold, but i think that will be way to low @present 1% holds gold , @ the top it will be very crowded.
dharma
thanks for sharing

[Russ]

On a short term basis, Gold may go down into early to mid Sept, I have a trend indicating that and Mr. Armstrong has also written of that possibility.

[Russ]

Fluid:

Well they have been tired for a year, how long must they stay tired?

Bob-C posted some good charts on FF (link below) , if you look at the weekly charts they look over-sold and forming a base. On a daily basis they got over-bought.

http://www.traders-t...howtopic=141394

Russ

To me this bounce loos tired and the miners are still weak, not indicative of an impulsive move IMO.

[tradermama]

Russ, your inbox here is full. I was trying to reply to you. TM

[Russ]

Sorry about that, I made some room in it now. Btw... with today's gold action
there is a wedge on the daily chart that is very close to breaking out,
if it does then Gold should rally hard. My forecast for a low in early sept. is
not the strongest trend I have seen and it may not play out. Long trends that
are confirmed on multiple time frames are the most reliable.

Russ, your inbox here is full. I was trying to reply to you.
TM