Golden_Oracle

Golden_Oracle

And everybody knows what gold likes to do at the start of a new year. Current fall channel will collide with primary channel and 200 day moving average, sometime in mid December.

Golden_Oracle

Lets see... If it rises to the top of the channel. That would give it a whopping P.E. of 14 Not bad considering earnings growth of 25%+ over the next 5 years Also nice dividends... Most of the miners should be bought on any and all dips...

Golden_Oracle

Top of current multi-week trend (major) .786 fib of current retracement (major) Rsi divergence (major) Double top? (major) Democrats win more than expected (major) .618 of previous multi-week trend(minor) .382 of 2016 fib (minor)

Golden_Oracle

There are some great prices on miners now...

Golden_Oracle

As long as the market doesn't crash. Because that will temporarily bring us out of trend.

Golden_Oracle

The dollar is bouncing off its March trend and will soon need to break below its consolidation trend. The fall could be significant. Buy gold...

Golden_Oracle

Miners have bottomed for the quarter and have already started their next leg up

Golden_Oracle

I think it will pop higher. If it pops lower, then look to buy at the 2019 trend, which is also the D100ma. The usual summer consolidation may end early this year (See DXY). This means that the bottom is already in. The next leg up has already started. However, the usual winter impulse move higher should still happen in late Nov or Dec.

Golden_Oracle

Seems like it will pull back and bounce around the wedge for a bit longer. Maybe breakout closer to the election...

Golden_Oracle

A pullback seems likely....

Golden_Oracle

Lots of confluence at 25. RSI crossing 70

Golden_Oracle Updated 

I like 43 by next week

Golden_Oracle Updated 

Gold needed to cross below daily 50ma in order to go higher. Also, this appears to be the beginning of the breakout from the wedge. It looks like a whipsaw. I expect gold has a short term bottom here and will be up over the next 5 days. I don't think we are starting the next leg up over 2K. We need to wait about 4 weeks for that. I don't know how bullish of...

Golden_Oracle Updated 

This one seems obvious. GDXJ to 53.5 by next week

Golden_Oracle

Miners profits are looking strong. And that is with some mine shutdowns...

Golden_Oracle

Gold price action in 2007-2008 shows how the 1980 all time high was broken. I've compressed the time scale, cause, lets face it, things are happening faster these days. I'll be looking for a wedge pattern...

Golden_Oracle

We have a very, very long way to go...

Golden_Oracle

It appears the path has been chosen. Bears may have a chance at the primary trend, but bulls look very very strong. A new all time high is in the cards for the summer season. Technically it should arrive in about 6 weeks. Sept 1st prediction AXUUSD 1900 GDX 52 GDXJ 66 XAGUSD this wild beast has broken free today. Who knows where he will fly to...