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...
The chart mostly speaks for itself, but..
Signal 1: The Fed drastically lowers the interest rates. Money supply increases. Stocks inevitably go up due to there being more money in circulation.
Signal 2: The Fed notices the inflation and drastically raises interest rates. Money supply becomes stagnant.
Signal 3: Money supply is stagnant, however,...
The rally of late-2013 entered a bear market and found support around the top of the early-2013 rally: ~$200
The rally of 2017 will end somewhere around $6000-7000, and enter a bear market which could go as low as the top of the late-2013 rally : ~$1200
Compare this up movement to March. The first reversal in gold has the most impact on miners. Miners shoot up and then the first sign of weakness, they drop. Miners don't even touch the edge of the triangle until the second leg up.
Miners will be sideways/sliding down until one last drop, then i think the rocket is ready for launch
Gold is going up to test the middle of the channel, resistance & previous high.
I think it will get rejected and be forced to test the bottom of the channel.
From there, either a correction or a new high in short time