risk1911

risk1911

This of course is not going to be accurate but more of a general idea of where Gold will be going. I expect a run up into the elections and then the BIG spike afterwards as all hell breaks loose. Of course this will come to an end at some point and I suspect Gold will return to its nominal trend line sometime in the spring.

risk1911

The COMEX is officially going to go out of business. What does that mean for gold? I think it means it's going to realize gains never seen before. - COMEX failure. - LBMA blatant lies. - Fed Never-ending Stimulus - US riots nationwide The environment is RIPE for Gold.

risk1911 Updated 

Gold pulling back as expected. Could back-test support and resistance of pennant. Potential formation of inverse-head-and-shoulders could create an excellent buying opp.

risk1911

It's been almost a decade since Gold has been at these levels. With all that's happened since the pandemic, Gold is positioned to revisit old highs and make new ones.

risk1911

The only way Gold is not going to break out of this pennant is because of a concerted central bank effort to smash it. (which could happen) Otherwise all signs are pointing to a big rally into the end of May, a pullback and another rally into summer. Target: $1770

risk1911 Updated 

IMO the C wave is just about to begin and it will take SPX down waaaay below 2000 over the next few months. Nothing can stop this. The gears have been turned on and what has begun must finish until it is complete.

risk1911 Updated 

Inverse head and shoulders and MACD looks like a continuation. The weak hands are out of gold so now it is beginning to behave like a safe haven, and just the right time as markets are about to tumble again. AND don't forget COMEX and LBMA loss of confidence! Where's all the physical gold??? Target: $1728

risk1911 Updated 

If you look at the previous gold rally from 2001 to 2011 you'll see a similar pattern of the 50DMA crossing below the 100DMA and then a few days/weeks later rising above it again and rallying to new highs. I believe this is what we're seeing right now. Gold is going to touch $1700 in the next rally, or get VERY close before correcting. Let's see how it plays out...

risk1911

In the precious metals mining industry a large part of equity prices reflect the price of gold and silver. But in this herd of mismanaged elephants and lottery tickets, there exists a few properly managed nuggets that are hidden in the piles of wasted ore. Wesdome is one of those companies. When the gold market really takes off investors will eventually...

risk1911

It doesn't matter what the Fed does on July 31st. Whatever they do -- Gold is going to SKYROCKET.

risk1911

Bitcoin has been on a good run. Currently it is, once AGAIN, stuck in the long-term trend-line. With the equity markets in La-La-Land and geopolitical tensions rising, investors are looking for a safe-haven to preserve their wealth in case sparks start flying after the Fourth of July, but with Bitcoin's volatility the idea of preservation quickly goes out the...

risk1911

I didn't realize I could only edit ideas for 15 minutes after publishing. Still learning my way around here. This is the revised chart/notes. Since the December bottom, Gold has closed positive for 16 days continuously and by doing so proved a bull market has returned. On a longer timeline 2017 represents the first time since 2012 that Gold has gone up YoY...

risk1911 Updated 

2017 is starting off with an eerie familiarity. Notice at the beginning of 2016 Gold rallied from $1061 to $1108 then corrected down to $1078 and then began the next big leg up to $1246. This big leg up started right around January 20th. In 2017, January 20th will be the Presidential Inauguration Day.

risk1911

Gold closed positive for the first 16 days in January continuously and by doing so proved a bull market has returned. On a longer timeline 2017 represents the first time since 2012 that Gold has gone up YoY by about $100 -- another indicator of a bull market. The real question is will Gold finally break through the downward trend line that began in 2012? This...