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We may be near a bottom in gold


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#1 Chilidawgz

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Posted 11 October 2022 - 08:52 AM

Three ideas

 

1. The FED will issue a change in raising rates ie: a pause or some jawboning on being flexible going forward (Brainard made such a comment yesterday and she is a super hawk). Gold would rally if that were to happen and inflation is still out of control.

 

2. If the dollar stops going up gold can rally.

 

3. Below is a chart of the Chapman Wave (Basil Chapman). I only look at on a weekly basis as it is more reliable than shorter time frames IMO. In his methodology an F peak or decline is a bottom.

 

iau.gif


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
 
 

#2 Chilidawgz

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Posted 11 October 2022 - 09:10 AM

ten-year.gif


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
 
 

#3 linrom1

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Posted 11 October 2022 - 09:17 AM

The question is when do we get capitulation? Every time at look at miners, it seems that someone is pumping it. AG and AEM basically trade like cryptos.



#4 Chilidawgz

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Posted 11 October 2022 - 10:08 AM

The question is when do we get capitulation? Every time at look at miners, it seems that someone is pumping it. AG and AEM basically trade like cryptos.

I think WHEN the FED blinks, the game changes.


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
 
 

#5 dougie

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Posted 21 October 2022 - 08:49 PM

 

The question is when do we get capitulation? Every time at look at miners, it seems that someone is pumping it. AG and AEM basically trade like cryptos.

I think WHEN the FED blinks, the game changes.

 

Danf chili: me things you might have nailed it. Hope you bought Nugt at the lows!



#6 dougie

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Posted 21 October 2022 - 08:50 PM

Three ideas

 

1. The FED will issue a change in raising rates ie: a pause or some jawboning on being flexible going forward (Brainard made such a comment yesterday and she is a super hawk). Gold would rally if that were to happen and inflation is still out of control.

 

2. If the dollar stops going up gold can rally.

 

3. Below is a chart of the Chapman Wave (Basil Chapman). I only look at on a weekly basis as it is more reliable than shorter time frames IMO. In his methodology an F peak or decline is a bottom.

 

iau.gif

how is an F peak defined?



#7 Chilidawgz

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Posted 22 October 2022 - 08:52 PM

"how is an F peak defined?"

 

here is a link to some analysis. Basil Chapman is usually long winded and for me, hard to listen to. I hit their main website and look for his daily posting. He will usually give a general update in the first bit and I only check that. I have found his shorter time frames to not always be accurate. However, using the weekly is usually reliable.

 

The site in general is geared towards selling product IMO. The other guys I don't really care for. Not my cup of tea. Chapman is the only guy I listen to and not on a regular basis. I just like to pop in when I am sensing a turn in markets and see what his position is.


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
 
 

#8 Chilidawgz

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    A fool and his money... (the second mousie gets the cheese)

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Posted 22 October 2022 - 09:01 PM

ggg.gif


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
 
 

#9 dougie

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Posted 23 October 2022 - 12:42 AM

thank you