golds next leg higher

mars the "trigger" into capricorn where it is exalted  gold goes to 1543 i am waiting to see the structure of this advance i am looking for 1596 or 1584 as targets for this advance.   then my best guess is a retest of the lows. what the government/fed is doing is similar to what i have been waiting for expecting all these years.    they are no longer the lender of last resort , they are the buyer of last resort.  how much money they create will determine if this is stagflation or hyperinflation. i am in the stagflation camp.  

as gannman said above gold is the thing to hold. the other areas of the sector will gain life.   this all makes me sad.  life here has changed so quickly. bombed out shelves @ the markets.

dharma

Perhaps we just saw the test of the 1451 area, a W bottom.I believe that the 1450 area was Armstrong's first level of support that he suggested a few months ago, followed by the breakout of 1362. 

 

mars the "trigger" into capricorn where it is exalted  gold goes to 1543 i am waiting to see the structure of this advance i am looking for 1596 or 1584 as targets for this advance.   then my best guess is a retest of the lows. what the government/fed is doing is similar to what i have been waiting for expecting all these years.    they are no longer the lender of last resort , they are the buyer of last resort.  how much money they create will determine if this is stagflation or hyperinflation. i am in the stagflation camp.  

as gannman said above gold is the thing to hold. the other areas of the sector will gain life.   this all makes me sad.  life here has changed so quickly. bombed out shelves @ the markets.

dharma

Perhaps we just saw the test of the 1451 area, a W bottom.I believe that the 1450 area was Armstrong's first level of support that he suggested a few months ago, followed by the breakout of 1362. 

 

that very well could be the case, ie the w bottom,  the volatility is so huge that i just want to be prepared for all eventualities. 

this is beyond anything ever experienced before.  if silver gaps up tomorrow it will have created an island bottom and V bottom. heads up

dharma

Edited by dharma, 23 March 2020 - 12:41 PM.

This ties up with Dharma's timing of end of March for a low

 

Took an updated look at gold, and we're actually at the 50% retrace already.  A=C is what I just exited at (1561).  But the .618 is up at 1602.  So we might actually still have a bit of upside.... maybe, maybe not.

But I am expecting a C wave down from that 1600 level give or take.    A 100% extension in the C wave from the 1600 level would target EXACTLY the .618 retrace of the larger rally off the 2018 low.  That is my ICL target at 1345.

well this is definitely the way the gold should act imo

just sold some stuff not into playing games took a small profit 

not hanging around

between 10-11 mountain time is the new moon , something new.  gold has raced through the next higher price cycle . the fed is printing a 100billion a day, they say just this week. (we have heard that before) and the senate is voting on a trillion dollar   package to get money to the banksters, errr people it is after all an election year. no new hospitals. no new hospital beds on a temporary basis for citizens. makes you wonder .   gold s dsi is 40 and the hgnsi slipped further into negative territory @-22% the masses are going to come this way, they dont know it yet the lightbulb has not gone on.  but its coming . unless silver fades  we have an island bottom

 mars going into capricorn really was the "trigger" hmmm

dharma

one picture i am looking at https://pbs.twimg.co...=jpg&name=large   the bull market in the miners has a long ways to go and its really just in the infancy here

switzerland has 3 of the largest gold refineries in the world 

the swiss government has just told all 3 to shut down on the 29 this will remove a significant amount of physical from the market

dharma

i have heard it is hard to get a hold of physical.  so far so good