Is the once Goldman Sachs "slam dunk sell" turning into a layup buy? I cannot hate the initial call from many investment bank analysts it to sink to $1,000 because, in 2013, I issued a $1,035 bear-call. However, I do ridicule these analysts for unwillingly (either through ignorance or moral hazard) understanding the dynamics of gold. But in 2014 I turned rather...
Roadmap......Gold is approaching strong overhead "Potential Resistance" into "Time". Breaking below the inflection point of 1142 increases the odds to attack deeper targets.
POTENTIAL SYMMETRY MOVE MAPPED OUT FOR THE YEARLY PATTERN. IT LAYS OUT THE EMOTIONS OF THE MARKET. :PRICE ACTION" IS EVERYTHING.
A test of the overhead supply is possible now
$XAGUSD finally broke out above its weekly downtrend line. It closed above its Fast SMA line and now trying to close above the 50 SMA line Even in case of a minor pullback towards 14$, it seems like $XAGUSD path towards 20$ was determined by the breakout. A close above 16$ will be a good weekly confirmation signal Those who recall, I posted longer term...
Gold has pulled back slightly, but still up almost 15 percent since 2016. Traders don't believe the current rally as they look hopeful of more central bank quantitative easing, which is exactly why gold has had its run this year; and it is why I have been saying fundamentals have been strengthening for gold for roughly 16 months. After gold volatility hit...
POTENTIAL SYMMETRY MOVE......IT LAYS OUT THE PREMISE FOR THE EMOTIONS IN THE MARKET. THE MARKET IS ALWAYS RIGHT. ONLY "PRICE ACTION PAYS.
Wait for wedge to break before buying or feel free to accumulate at this time. Paper price to ~$25 on SLV
For some reason tradingview published my idea as private. Here's the link the details on game theory prediction as to this coming year. The food crisis prediction has been long in the making, and has been foreseen for 2016-2017 three years ago. Looking for market data access with 1 second resolution or less, willing to share. link to: Has P. Obama signaled...
The gold/silver ratio in the since 2000 has topped at c.80 at significant market turns in equities: 2003 2009 Jan 2016?
Based on fibonacci timeframes, I believe we've seen a low medium term. Silver is also holding the 200 month moving average. I believe the swing should bring us to the 100 month moving average around 22. In my opinion we should see a run to 21-22 by 2017.