For many reasons I have explained clearly in my several Gold posts, Gold is expected to soar through Q4 2019 and well into 2020 and possibly 2021 as well. As we gear up for a long and long awaited bull run for Gold as a result of a strong 6 year base of an almost nothing-burger in Gold, be prepared!
One thing that is important, is that Gold will inevitably rise,...
After discovering the World Currency Unit (WCU), essentially a basket of GDP-weighted currencies, and looking into how it was calculated, I realized it would likely serve as a better indicator of the Real Value of Gold & Silver.
I've been following this exact chart for a while now; Very interesting how well it's lining up with fib levels, as you can see. I've...
GDX is still 12% below its 2016 highs, despite Gold having already surpassed its 2016 peak of 1375 by roughly 5%.
On top of this, the GDX having more exposure to unhedged miners should result in GDX out-performing the HUI hedged senior miners in a bull market. This is not the case, as the GDX is actually under-performing the HUI. Highest probability assessment...
Look at the RSI. Also here is an update on some charts I have done in the past. I still have a $1500 high coming and a $1300 low in gold. Atleast what the chart has given me so far. The pullback typically happens toward the end of the year. We will see. -Coach Reevs
Please see the chart - and remember, RSI is more important than price with respect to the completion of an ABC (i.e., if wave C's RSI exceeds wave A's RSI that is more important than wave C's price exceeding wave A's price (though typically both go together)).
Earnings numbers will most likely be disappointing. Vix has been sputtering up and down, and china trade talk developments are not making any progress. Market looking pretty toppy right now.
NOT FOR THE FAINT OF HEART.