fwiw, below is a 20-year continuous gold futures chart that i prepared a couple of month's back. imho, gold has begun a long-term bull market, which in time, should easily take out the prior highs it made back in the '80s.
as i said in previous posts, fractal analysis is quite subjective, and your opinion may not agree with mine, which is why i would never use EW as a sole means of attempting to sooth the future.
--tsharp
Gold LT Bottom...
Started by
tsharp
, Dec 07 2004 08:55 AM
3 replies to this topic
#1
Posted 07 December 2004 - 08:55 AM
#2
Posted 07 December 2004 - 10:08 AM
gold trying to stay >450 for a week thus far
it's nice we can now trade metals all weekend
Chris Carolan's new moon cycle top for gold comes in sunday nite and we'll get the trade balance numbers monday morning
nice you're on the gold bull, i can recall avidly disagreeing with you in other years
#3
Posted 07 December 2004 - 10:21 AM
nice you're on the gold bull, i can recall avidly disagreeing with you in other years
yes, you are correct... i'm sorry to say that i didn't get all of the Prechterism/Bonnerism out of my system early enough , and therefore got on the gold train just a bit late, though it appears, not too late...
i would be remiss not to express my gratitude to Dr. Drake for pointing out some obvious flaws in my k-wave/long wave outlook.
--tsharp
#4
Posted 07 December 2004 - 12:46 PM
looks like we have a solid down on 60min gc4g chart in progress
worrisome that XAU always(!?) leads the physical price historically
with so many XAU stocks facing currency problems(south africa and canada) and oil price problems(mining is energy intensive), could this time be different