fwiw which is what russ was saying all along congrats
to me it looks like a bottom comes in around the 21 of nov
Started by
gannman
, Nov 12 2016 02:43 AM
15 replies to this topic
#1
gannman
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Posted 12 November 2016 - 02:43 AM
feeling mellow with the yellow metal
#2
SemiBizz
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Posted 12 November 2016 - 08:08 AM
12/2
Gann Turn...
There's your bottom.
Price and Volume Forensics Specialist
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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#3
Smithy
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Posted 12 November 2016 - 08:55 AM
As of today Sat Nov 12th, I'll throw my hat in the ring. Gold will rise after Mon 14th/Tues 15th, although I can't tell if it is the bottom. The subsequent lows (Dec 2nd, late Dec and Feb-ish) may be higher or lower. Gold is currently 1226. If Hadik is right, those lows will be higher.
The very worst case for this correction is not below $1130 around Feb. I can't see it because the present surge in interest rates reflects incipient inflation.
Edited by Smithy, 12 November 2016 - 09:03 AM.
#4
Smithy
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Posted 12 November 2016 - 10:37 AM
Edited by Smithy, 12 November 2016 - 10:38 AM.
#5
gannman
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Posted 12 November 2016 - 03:03 PM
ha ha
feeling mellow with the yellow metal
#6
Russ
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Posted 13 November 2016 - 01:33 PM
Still on track for XAU to bottom between Nov. 21 and the 28th, it could go down into the 12/2 as Semibizz suggested though, but the oscillator is pointing more towards the 21-28th.
The dollar index may have a huge rally as Armstrong has been saying for a long time, the catalyst would be Trump lowering the taxes and 3 Trillion dollars coming back to the USA. Gold would have a very hard time resisting that wind, so late Nov. does not seem like enough time for that to be the final low? For now there should be good buy soon.
Edited by Russ, 13 November 2016 - 01:37 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/
#7
gannman
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Posted 13 November 2016 - 01:37 PM
thanks and congrats on a nice call
feeling mellow with the yellow metal
#8
Russ
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Posted 13 November 2016 - 02:18 PM
thanks and congrats on a nice call
You're welcome, you do some good work too.
"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/
#9
SilentOne
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Posted 13 November 2016 - 05:20 PM
Hi Russ,
I see the potential for that week for a low. My preferred Sentient analysis has been pointing to this timeframe based on the work I did for this webinar.
It would mean a contracted cycle for the gold miners (11 months vs 14 months that I follow), and a 48 week cycle low for gold.
This would get both the metal and the miners in sync with synchronized lows, something that did not occur with the lows of gold (Dec. 2015) and the miners (USD based occurred late Jan. 2016). TWT. COTs will be very interesting on the release for Monday (week of Nov. 11th) and Friday.
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
#10
Russ
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Posted 13 November 2016 - 07:38 PM
Hi John, Looks good. Last January's low was actually a no-brainer looking at the gold stock internals...
Cheers
Russ
"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/
