575 replies to this topic

[AChartist]

There are a series weekly cycle peaks in each of the next 3 weeks, good chance

 

of a good move in $gold, maybe some help from the cyptos correcting.

[Smithy]

Hey Senor, you agree gold is in 3 of 3 of 3?

[AChartist]

the daily cycles are crappy, mixed, small magnitude, poor correlations,

 

it if dips a low can be 3 days on Thurs I would like to see Tues up first. The 20 day

 

cycle low skips every other time, this one should skip. Its up to the weekly cycles to work

 

and it needs to show itself in these three weeks or I'll back off the gold and expect the cryptos to do

 

the lifting. I have a plan if gold works for three weeks to switch some from bitgold to bitcoin by June 20.

[senorBS]

Hey Senor, you agree gold is in 3 of 3 of 3?

Possibly, we could see a wave i of 3 from the low near 1206 nearing completion on this last rally leg into Friday's highs - if that happens then look for a modest pullback to 1245 area plus or minus a bit. More bullish "immediate third"  scenario is we rally hard toward 1300 next week, looks good to me in either case and remember my count that GDX/HUI/XAU all have 5 up and are ready to accelerate higher - alternate near term count that fits with a gold correction is that recent GDX rally is an X wave from 22.20 recent low and we have the second leg of a double zigzag down to below GDX 22.20 to complete wave ii. as always DYODD

 

Senor

[Smithy]

Thanks for that. I'm assuming the last 2 weeks in gold is not a 4th wave tri.

This isn't too bullish:

 

[Smithy]

More...  your bearish case might coincide with Hadik's call for a mid June low.

[dharma]

miners in a pennant=bullish continuation pattern

looks to me like friday was a kickoff to a new upleg. we could pull back , this week, and then resumption of up

broads walking on a tight rope some lagging indexes as clues eg iwm 

starting to get interesting

i believe we are on the cusp of a bull market in gold, infrastructure is in place,  we need price to confirm . otherwise more tr

signifying nothing

dharma

[AChartist]

to consider puerto rico now connecticut, philadelphia crumbling in domino fashion empires crumble inward from periphery,

 

they are just going to monetize 100% of globally rejected debt paper under the covers, the monetary hyperinflation

 

event is now time is that what stock mkt, cryptos, are telling is gold next for three weeks, it has the cycle potential

 

I'll be disappointed if it fails in this time period and back off if it doesnt deliver, it is now or never.

[jabat]

Smithy,

 

Hadik now belives

 

Gold & Gold Stocks Confirm Early-May Cycle Low;

Gold Triggers Add'l Buy Signal on May 24th...

Surge to Decisive Upside Target Expected!!

 

[AChartist]

$gold weekly has two line breakouts and volume, has to work next three weeks, bigly