Today, August 22nd, is exactly 7 years from gold's orthodox EW peak on 8/22/11. There is a 3.5 hr and 7 year occasional cycle in gold and silver, and we'll only know with hindsight if it is at work here. Seven years before August 2011 there was a major low in May 2004.
bottoming action for the start of a big rally
#371
Posted 22 August 2018 - 10:23 PM
#372
Posted 23 August 2018 - 08:07 AM
#373
Posted 23 August 2018 - 09:37 AM
also the aug/october time frame tends to have stock market crashes. the dollar remains the strongest of the fiats, thus gold is under
pressure. @ this point there is not need for me to do anything.
hadik is now turning bullish https://www.howestre...e-targets-near/
once his parameters are met.
dharma
it seems to me there will be an event this fall?!
#374
Posted 23 August 2018 - 11:49 AM
#375
Posted 23 August 2018 - 02:05 PM
captain ewave
http://www.321gold.c...wave082318.html
counts for gold and silver
dharma
It's already gone below his estimate, futures down to 1190 now...
"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/
#376
Posted 24 August 2018 - 10:13 AM
#377
Posted 24 August 2018 - 01:39 PM
Excellent post Jabat, thanks.
"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/
#378
Posted 24 August 2018 - 03:02 PM
http://news.goldseek.../1535138802.php
the large specs short position grew even more . the large specs are more short gold now and the commercials widened their net long position
in gold
the large specs are short silver. the commercials added to longs narrowing the gap of net short silver
the commercials are big time net short the dollar
the trap is set the question is when do the commercials trap the bait!
its one of those rare times when the commercials are net long gold, so rare you can count it on one hand
dharma
#379
Posted 24 August 2018 - 03:17 PM
pvg having a decent day
#380
Posted 24 August 2018 - 03:21 PM
Gold futures bounced off the support line from 2001, gold broke above the downtrend line from 2011 in 2017, you could argue what we just saw was a pull back of the breakout onto the long support line, that argues blue skies ahead for gold.
"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/