See if PL can hold this back test of 900....
we either have a wave 1 of a new bull market or more backing and filling
Started by
dharma
, Jan 05 2023 06:30 PM
2105 replies to this topic
#2041
K Wave
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Posted 17 November 2023 - 08:43 AM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#2042
K Wave
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Posted 17 November 2023 - 09:14 AM
That right there could be the pivot on PL going forward....
See if bulls can hold...cuz if not, a fakeout right in this area could be no bueno
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#2043
K Wave
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Posted 17 November 2023 - 09:16 AM
The BIG pivot still holding on G/S....
Silver bulls have to bust that one before they can open the door
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#2044
K Wave
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Posted 17 November 2023 - 10:37 AM
Still wary of possibly big pivot turn on rates here if the budding Shake N Bake comes to fruition....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#2045
dharma
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Posted 17 November 2023 - 12:38 PM
history shows when the fed is done hiking rates a recession begins. the time is coming where the fed and govt cannot afford to hike rates, and inflation continues to rise. when that happens gold blasts off
dharma
#2046
dougie
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Posted 17 November 2023 - 02:43 PM
BUT what if OIl hit interim lows today!
If we launch higher war drums
and there is the crude bounce i was expecting...how high now?
#2047
dougie
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Posted 18 November 2023 - 04:11 PM
Dharma; would love you take on this
https://substack.com...ost/p-138952485
Edited by dougie, 18 November 2023 - 04:11 PM.
#2048
Russ
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Posted 20 November 2023 - 10:36 AM
history shows when the fed is done hiking rates a recession begins. the time is coming where the fed and govt cannot afford to hike rates, and inflation continues to rise. when that happens gold blasts off
dharma
Armstrong mentioned that when interest rates go up without the Fed then that is when confidence will be lost in the system and people turn to gold etc when that happens.
The 60 year cycle low for Gold may be about to unfold something like this perhaps...
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#2049
Smithy
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Posted 20 November 2023 - 10:51 AM
Sixty years ago from today was 1963. The gold price was fixed at $35 and didn't start to trade freely until 1/1/68.
So it seems to me we have to turn to Barron's Gold Stock Index (BGSI) for that time.
Yes,we could get a drop to Dec 8th before gold takes off.
However I agree with Hadik, the major low was Sept. '22 and the trend is now up.
Chart courtesy of James Flanagan of Gann Global Financial.
Edited by Smithy, 20 November 2023 - 10:54 AM.
#2050
Smithy
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Posted 20 November 2023 - 11:33 AM
Not to disagree with you Russ on the details. The gold low could be Dec 6th or Dec 22nd, it's all near enough to me IF we get weakness into that time frame.
