Gold Daily Chart
This is important enough to get its own post. Earlier post still applies as you will see.
I was reviewing some of the materials that others have written about cycles and gold and I think I found something that could prove to be very important. Since I cant post the chart I want to reference, I would like you to google search for it on your own so you can see this persons research before continuing reading this post. So in your google search type in silverdoctors Gary Christenson and look for his June 6th article titled Major Gold Cycle Lows. Then scroll down past the Gold monthly log scale and focus on the Gold weekly cycle log chart he has created. Read the description. ........
As you can see, his analysis looks pretty darn good and that the yearly cycle is more like 14.5 months rather than 12 months. THAT BEING SAID. Gold bottomed in December 2015 on the 17th. And now you are hearing everyone say that gold has bottomed this year on DECEMBER 15th. HMMMMM. 363 days! Nope, too damn close. In my OPINION, its a trick. They are fooling us and this could very well be a great bull trap this last week and a half. You see, 14.5 months comes out to middle February to early March. And if you look at my chart, you can see that the short term and intermediate term cycles are due to bottom at that time as well. So I really feel that in the next week or two, we will see if my theory is correct, that we are only in a corrective wave 4, with a 5th wave down about to commence possibly in two to three weeks. Down to that red arrow and yellow oval. Yep, I'm looking to buy physical gold and silver, and JNUG!! when gold gets to 986 to 977 range. And that fuchia colored line just bellow the yellow oval in the bottom of the bear channel, the same one we bounced off of in December 2015. Then we really start the bull run and live happily ever after.
Just for fun, I'd like to know what you guys think about this little bit of info.
This is important enough to get its own post. Earlier post still applies as you will see.
I was reviewing some of the materials that others have written about cycles and gold and I think I found something that could prove to be very important. Since I cant post the chart I want to reference, I would like you to google search for it on your own so you can see this persons research before continuing reading this post. So in your google search type in silverdoctors Gary Christenson and look for his June 6th article titled Major Gold Cycle Lows. Then scroll down past the Gold monthly log scale and focus on the Gold weekly cycle log chart he has created. Read the description. ........
As you can see, his analysis looks pretty darn good and that the yearly cycle is more like 14.5 months rather than 12 months. THAT BEING SAID. Gold bottomed in December 2015 on the 17th. And now you are hearing everyone say that gold has bottomed this year on DECEMBER 15th. HMMMMM. 363 days! Nope, too damn close. In my OPINION, its a trick. They are fooling us and this could very well be a great bull trap this last week and a half. You see, 14.5 months comes out to middle February to early March. And if you look at my chart, you can see that the short term and intermediate term cycles are due to bottom at that time as well. So I really feel that in the next week or two, we will see if my theory is correct, that we are only in a corrective wave 4, with a 5th wave down about to commence possibly in two to three weeks. Down to that red arrow and yellow oval. Yep, I'm looking to buy physical gold and silver, and JNUG!! when gold gets to 986 to 977 range. And that fuchia colored line just bellow the yellow oval in the bottom of the bear channel, the same one we bounced off of in December 2015. Then we really start the bull run and live happily ever after.
Just for fun, I'd like to know what you guys think about this little bit of info.
评论:
Im not worried yet Jnuggers. Even though we went up today, it is still not outside a ABC correction. We did not make higher highs as I type this and take a look at the bearish divergences on this 4 hour chart.
