From my analysis this are my targets for the comming month. Mid December more or less, is my stimated time to get them
GDXJ: fill the gar at that levels.
GDX: Same, could reach 35$-36$ (now at 25$)
And gold....back to somewhere close to 1.920$
Good times coming, and dangerous, as ususual.
Good Times Tomorrow, Hard Times (The Long Ryders)
HEADER - Odds say this is NOT an actual pivot by the FED, but simply an acknowledgment that they've done some real work on inflation expectations.
SUMMARY - This is the most likely move FOR TODAY ONLY. There are many reasons why. I will detail some below.
DETAILS - We last left off on "TO SUM IT UP DRAFT 4". Links to all four drafts and the previous...
Gold and Silver could move dramatically higher after the US Fed comments and the shift in how capital seeks safety.
Precious metals have been consolidating downward for months. Now, it appears the Feds comments have shifted how traders/investors view precious metals. It is very likely this shift may prompt a very big upside price move.
As traders suddenly...
Move is not impulsive at all. But it will continue up.
I expect it could only fill the gap at 40$ and then "finito".
Time is mostly the same: second half of September.
Gold: about 1910$ (futures)
After this, another drop. and probably visit the previous lows, or could even go lower.
Slow Show (The National)
"Reversion to the mean is the iron rule of financial markets."
-John C. Bogle
The gold price has some serious catching up to do, and will likely start the next leg higher as soon as the Fed is forced to pause its rate hikes. Gold miners will outperform in this scenario...
GDXJ is still hesitant to finally complete wave ii in magenta and is turning downwards again. As it can, of course, use the whole magenta colored zone between $37.26 and $24.77 to finish the overarching downwards movement, we give the ETF some more time to get its work done. However, as soon as wave ii in magenta is through, GDXJ should veer to the north, crossing...
First Majestic silver along with the rest of the mining stocks have been pummeled the last few weeks.. or months..er I mean years. It is my strong opinion that a rare opportunity has opened up in many of these stocks - historical.
These monthly candles really help depict the birds eye view necessary to spot the larger patterns and trend. AG has been forming a...
The Bollinger Bands contracting inside the Keltner channel predicts an explosive move ahead that will last at least 8 days. Combine that with Newmont's Price Action creating a box which looks like it's breaking through. I would not be surprised if there was a retrace to the top of the box later today if action is aggressive, or Monday morning - then it's Sayonara...
New cycle up is here in the sector.
Major important bottom and miners will again move up for weeks.
Acording to what i expect also for gold.
A top will be around 45$ filling the gap there at the end of August, but could be extended in time to mid september also.
So don´t short or you´ll find your Death in Las Vegas, gamblers...
notice the 2 previous bearish cypher patterns. The 1st pattern of the (X) leg appears to be acting as support. I'm looking for gold to get above the 2nd bearish cypher pattern, and Test its X leg for support. If it hold then Im looking for gold to breakout again above $1800 and retest $1840-$1850 area
The AD earlier this morning showed me an ascending triangle to...
HEADER - I am still on post 1B, link is below. This is just a number of thoughts before I can post 1C.
SUMMARY - Previously, in 1B, I stated that September should feature 1550. I now believe this number should be 1450. While a great deal still depends on price action before JACKSON HOLE FOMC, I want to get this page up so I do not need to explain myself if...