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Clive Maund Gold Update Feb 19 2019

published Tuesday February 1

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#1 johngeorge

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Posted 20 February 2019 - 08:02 AM

LINK:  https://www.clivemau...date=2019-02-19

 

'snip

 

Gold looks like it is building up to breaking above the key $1400 level to enter a major growth phase that could dwarf anything seen hitherto, which we can expect to synchronize with the dollar accelerating away to the downside and lead to Precious Metals stocks doing a “moonshot” which won’t be hard considering how depressed and undervalued most of them still are, and how lean and efficient most mining companies are now as a result of having had to battle through hard times for years. If “The Cartel” try to stop gold going up in this environment by unloading an avalanche of naked shorts, we can expect the market in physical gold to disassociate itself from the paper market to the extent that the latter is bypassed and rendered irrelevant – this will probably happen as a result of more and more buyers demanding physical and no longer accepting paper certificates. When this happens gold could go limit up for days on end.

 

snip'


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#2 dougie

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Posted 20 February 2019 - 12:15 PM

for real? To da moon this time?



#3 dougie

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Posted 21 February 2019 - 11:37 AM

Just a litlle to eager a little too bullish for my taste.



#4 johngeorge

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Posted 21 February 2019 - 10:39 PM

dougie

 

We will know all in the fullness of time. In the meantime I agree with you,  Moon shot?  I am skeptical.  $1400 is what I am looking for regarding confirmation of this bull. 


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#5 robo

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Posted 26 February 2019 - 08:39 AM

It all depends on who you ask I guess....  I'm currently flat again as we are getting deeper into this cycle....

 

My weekly tracking chart....  GLD leading GDXJ with that much divergence is NOT what you want to see....  Waiting to see how it plays out. In this sector one should stay very nimble if you are trading and not an investor.

 

https://stockcharts....57c&a=648597944

 

As far as GLD is concerned, as long as the 122 region is held as support during the current pullback, it seems to still need a 5th wave up towards the 130 region. But, based upon the structure and the technical signs I am seeing, that really should put a lid on the GLD over the coming months, with a break down below the 122 region suggesting that it has moved into its final pullback before the larger degree 3rd wave rally, for which we have been awaiting for the last several years, finally takes hold.

After that pullback completes around the summer time, my minimum target for the next major rally phase in the GLD is 138, with the 145-150 region being my preferred initial target. We will best be able to determine the appropriate target once the pullback in the coming months completes.

https://seekingalpha...tRoadblock=true


Edited by robo, 26 February 2019 - 08:42 AM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#6 Smithy

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Posted 26 February 2019 - 11:10 AM

Thanks for the analysis, Robo. I remain long in my trading account.







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