73 replies to this topic

[Russ]

I have several charts pointing at next week for the final low on this run, gold may find support in the 1175 area. 

 

[SemiBizz]

Final low...???

 

That's knife-catcher talk.

 

Let's wait and label the bottom after we see a sign of strength...

 

At this point after so many bottoms have been called and so many hands and fingers bloodied...

 

It's a very healthy exercise to doubt any and all impulses to say "bottom".

 

It's not a contest to see who calls it, although I would bet on me if it was...

 

And I am not calling a bottom until I see it... CONFIRMED.

[Russ]

Final low...???

 

That's knife-catcher talk.

 

Let's wait and label the bottom after we see a sign of strength...

 

At this point after so many bottoms have been called and so many hands and fingers bloodied...

 

It's a very healthy exercise to doubt any and all impulses to say "bottom".

 

It's not a contest to see who calls it, although I would bet on me if it was...

 

And I am not calling a bottom until I see it... CONFIRMED.

Final low on this RUN. I have a larger trend for likely THE final low coming in Oct/Nov, maybe test of the 1980 high of 875.

[SemiBizz]

Don't worry about the "final", just wait for a sign of strength and retracement and get on board with a trade in mind, if that trade turns into the "final" low, great.

 

I'm a trader, I jump on and off these pigs without any need to label it.

[Russ]

Don't worry about the "final", just wait for a sign of strength and retracement and get on board with a trade in mind, if that trade turns into the "final" low, great.

 

I'm a trader, I jump on and off these pigs without any need to label it.

Yes I agree you need to be flexible. Your favorite guy Armstrong predicted back in 2012 that gold would head back to the 1100 area, then after it got down there he said it may go and test the 850 high, his latest that i heard is that 2019 may be when it starts its next big bull run, probably to at least 5000 as we head into the debt crisis.

[SemiBizz]

Excuse me, but you have me confused with someone else, I do not follow Armstench....

[Russ]

Excuse me, but you have me confused with someone else, I do not follow Armstench....

 

 

I know you don't from past comments, I was teasing you.  I think his pi cycle model is quite important though.

[SemiBizz]

Pie Cycle - Sounds good, make mine Pecan with a scoop of ice cream and some whipped cream over the top !

[Russ]

lol

[SemiBizz]

 

Posted on 08/08/18

 

 

Actually I believe the most important low on this monthly chart is November 2016 at 1167.90.

 

 

 

So here's how this works... unless gold can break 1202 and hold now... 1167.XX comes... when that one breaks 1134 next.