678 replies to this topic

[Smithy]

Thanks Dougie, may I ask how you arrive at that?

[Smithy]

I'd like to see a spot gold low of 1260ish on this correction. That's nothing more than a finger in the air (so to speak).

Senor, you wanna throw out a number?

[senorBS]

It "seems" to me correction may already be done, miners lookin good for another upleg, always can change quickly but dollar could accelerate lower as well. Mentioned GOLD (Barrick) in another thread possibly completing a correction (between 38 and 50% retrace) after 5 up weekly, we see

 

Senor

[Smithy]

Yeah, looks plausible. (Maybe the point 'C' below should be a day earlier.)

 

 

Edited by Smithy, 09 January 2019 - 10:57 AM.

[senorBS]

Yeah, looks plausible. (Maybe the point 'C' below should be a day earlier.)

 

 

or its a near term 1 up and a deep 2? who cares, just acting bullishly IMO "so far". Plat looks good as well and dollar bad

 

Senor

[Smithy]

Avi Gilbert in an article published yesterday remains bearish on gold but says he's less confident in his bearishness.

 

http://news.goldseek.../1547216529.php

[Smithy]

I like Gann's suggestion that sometimes the extreme price of the year falls in the 1st or 3rd weeks of January. The low of the year  so far is $1277 on Jan 4th. The 3rd week is this week. Stay tuned.

 

The fallback case is the 1st and 3rd weeks of July. For 2016, 7/6/16 was the high of the year, for 2017 the date  7/9/17 was a major low, and in 2018 the idea bombed.

[Smithy]

Edited by Smithy, 14 January 2019 - 07:24 PM.

[Smithy]

Hadik freebie today Monday Jan 14th

 

 

[Smithy]

Rambus points out that gold is still in a bear channel. Above 1300 would be a breakout.