30 replies to this topic

[tria]

Should not last long either.

Will sell in Asian/European/US trading hours Gold if bid at
1369.90 and 1379.70 the remaining Gold futures.
If wrong, I still have the Gold Dec16 calls, Silver Dec16 calls, now both deep in the money
as well as a 100% long Silver futures position.
So if filled and Gold still goes higher, the bottom line is doing fine and if correct,
I will double the long size at better levels.

Edited by tria, 10 July 2016 - 02:54 PM.

[Russ]

Hi Tria,

 

Sid Morris from http://elliottwavepredictions.com/, who was mentioned by Dharma on this board has an interesting chart, he is looking for an intermediate high in early 2018 which is the same time projection I am seeing on the HUI chart from my oscillator.

 

Edited by Russ, 10 July 2016 - 03:22 PM.

[dharma]

2018 will not be the top! and end of the bull run, 

2020 or 2022 will be

of course at this point its all opinion

dharma

[Russ]

2018 will not be the top! and end of the bull run, 

2020 or 2022 will be

of course at this point its all opinion

dharma

I did not say 2018 would be THE top, I mentioned that Sid said it would be an intermediate top, some of my other charts are showing the final top later beyond 2020. Sid says 2022 will be the final top, Marty says Gold can keep rising into 2032 when his main cycles peak. the 309.6, the 51.6 and the 8.6, after that as I'm sure you know he thinks the USA will break up into several countries.

 

As for the short term it looks to me that around July 20 could be a top in the xau then down for awhile.

Edited by Russ, 10 July 2016 - 08:00 PM.

[tria]

2018 will not be the top! and end of the bull run, 
2020 or 2022 will be
of course at this point its all opinion
dharma

and according to Armstrong who I do not know if he is still bearish
and still expects a below $1,000 number or not, Gold will be on its way
to $5,000 by then.
Now why one who believes in Gold near $5,000 in a few years time
did not buy the December 2015 low, reminds me of the time in late 1998
when Crude was trading near $10.00 and some technical experts suggesting
not to buy because it would fall to $9.00
Well Crude did not fall below $10.00 and instead started its 10 year bull move to
just below $150.00

[tria]

One half of sell order was filled.

[Russ]

 

2018 will not be the top! and end of the bull run, 
2020 or 2022 will be
of course at this point its all opinion
dharma

and according to Armstrong who I do not know if he is still bearish
and still expects a below $1,000 number or not, Gold will be on its way
to $5,000 by then.
Now why one who believes in Gold near $5,000 in a few years time
did not buy the December 2015 low, reminds me of the time in late 1998
when Crude was trading near $10.00 and some technical experts suggesting
not to buy because it would fall to $9.00
Well Crude did not fall below $10.00 and instead started its 10 year bull move to
just below $150.00

 

Yet to MA's credit he said it was going to 11 or 1200 when it was 1800, but it does appear that his call for it to hit the 'benchmarks' under 1000 has been blown away, his defense is that last winter when it did not take out a key reversal number he said it looked like it was going to rally.

[tria]

I hope two things became clear to all in June.

 

Strict and constant Gold-USD correlation can be hazardous to ones Broker account.

 

DUST should not be considered as a perpetual (with no expiration) GDX put option.

Edited by tria, 11 July 2016 - 08:03 AM.

[SemiBizz]

Cycle high due in silver in this timeframe...

 

Let's see.

[dougie]

Semi
What sort of cycle?