5 replies to this topic

[tsharp]

With this week's push upward by gold to just above the 1600 range, it appears to me that Wave-B:IV in gold is complete, or nearly so.

 

The previous bear market in gold lasted for some 21-years, so it seems reasonable that the current bear market in gold will be a derivative of that, and last some 10.5-years, into the 2022 time frame, with a low target in the 950-1000 range... watching.

 

 

[Rogerdodger]

Thanks. You always present an interesting take on the markets.

[tradesurfer]

That seems to line up with the supposed big rally in the dollar that is supposed to go into 2021-2022 (armstrong )

The fact that gold peaked on the war fears is concerning to me from a sentiment standpoint

So maybe gold and the stock market decline together into 2021? After all they have been riding together recently as well

Edited by tradesurfer, 12 January 2020 - 02:22 PM.

[nimblebear]

Not even close. 

[gannman]

i have the rally from late may to i of 3 fwiw

 

since then we are doing an abc and are currently in the c wave imo 

 

we will see

[SemiBizz]

The model is clear... wait for the spike and DUMP...