6049 replies to this topic

[Russ]

Three wave correction in gold underway and could be done in a day or two imo

I have a short term trend on NUGT for a low around March 30, short trends can be problematic but we'll see.  I see Armstrong thinks gold could go up into April. 

[linrom1]

If nothing comes out of this banking crisis, gold is going to new post '20 lows.

[dharma]

there are lots of black swans , the banking crises , is a significant one, but not nearly the only one. i think the metals have a floor under them . @ the end of this year , early 24 in a perfect world the roughly 8 yr cycle and all the shorter cycles are due to bottom.  so the bears have to do something  within the next several months.   i like gold here

dharma

[Russ]

Gold/Dollar chart, here is what I see:  Gold should go up into 2030+/- as shown on the lower oscillator, the top CCI indicator shows how far up the momentum can take it as shown by the gold line going back to 1980.  The breakout of the price wedge should go up to at least the green line based on triangle's width on the left side.  As to why Gold will go up against the dollar, Wheeler's war cycle is in play with Armstrong calling for WWIII by 2025-26, then later in 2028 he thinks the USA will default on its 31+ Trillion dollar debt and the USA will crash and burn around his major pi cycle date of 2032.95 which is the convergence of the 8.6, 51.6 and 309.6 year cycles. Western civilization is going to collapse. Happy Days are here again!

 

Edited by Russ, 28 March 2023 - 03:46 PM.

[Russ]

If nothing comes out of this banking crisis, gold is going to new post '20 lows.

Here is one guys take from the Socrates group.... Bruce24

  12:11 PM

I translate a lot of what MA is saying that in 2024 we test a low again (implying that although people are losing trust in GOVT...(always his reason for GOLD going up not inflation or other reasons)  increasingly that a new high in Gold in 2023 would not hold and we would go back down setting up a buy in GOLD of one's lifetime. SLINGSHOT up in later 2024 and the war cycle really kicks in into 2025 and beyond meaning Gold likely does not see again 2000's thru 2032. The question is what is the high in 2023 (2180-2400 somewhere) and what is the low in 2024 (1200-1700 somewhere) .

[linrom1]

 

If nothing comes out of this banking crisis, gold is going to new post '20 lows.

Here is one guys take from the Socrates group.... Bruce24

  12:11 PM

I translate a lot of what MA is saying that in 2024 we test a low again (implying that although people are losing trust in GOVT...(always his reason for GOLD going up not inflation or other reasons)  increasingly that a new high in Gold in 2023 would not hold and we would go back down setting up a buy in GOLD of one's lifetime. SLINGSHOT up in later 2024 and the war cycle really kicks in into 2025 and beyond meaning Gold likely does not see again 2000's thru 2032. The question is what is the high in 2023 (2180-2400 somewhere) and what is the low in 2024 (1200-1700 somewhere) .

 

If one is strict adherent to EW theory and if majority of its adherents are correct that Oct '22 marked the bottom of wave 4, current wave would be 5 of V. This would be the top of the SUPERCYCLE that began in 1930s. So this would imply that the next correction in gold is of SUPERCYCLE degree. 

[Russ]

 

 

If nothing comes out of this banking crisis, gold is going to new post '20 lows.

Here is one guys take from the Socrates group.... Bruce24

  12:11 PM

I translate a lot of what MA is saying that in 2024 we test a low again (implying that although people are losing trust in GOVT...(always his reason for GOLD going up not inflation or other reasons)  increasingly that a new high in Gold in 2023 would not hold and we would go back down setting up a buy in GOLD of one's lifetime. SLINGSHOT up in later 2024 and the war cycle really kicks in into 2025 and beyond meaning Gold likely does not see again 2000's thru 2032. The question is what is the high in 2023 (2180-2400 somewhere) and what is the low in 2024 (1200-1700 somewhere) .

 

If one is strict adherent to EW theory and if majority of its adherents are correct that Oct '22 marked the bottom of wave 4, current wave would be 5 of V. This would be the top of the SUPERCYCLE that began in 1930s. So this would imply that the next correction in gold is of SUPERCYCLE degree. 

 

When would you see 5 of V peaking?  My work and Armstrong's work is pointing to the 2030 area for the final high in gold. We'll see.

[dharma]

https://pbs.twimg.co...pg&name=900x900

dharma

[linrom1]

 

 

This is Pretcher's freebie. If one is going to do basic EW projections based on Wave 1, it comes to 2600 -3000. But, I think there are serious issues with that chart. I don't agree with the count.

Edited by linrom1, 29 March 2023 - 10:24 AM.

[linrom1]

One of my issues with calling for gold being in a LT bull trend is OPEN INTEREST. It's something that I really don't know how to use, but my basics assumption here is very simple: money should flow into gold----it's not!