Sunday, July 13, 2014

GDX Gold Stocks ETF High late Oct/Nov 2014

I am getting two possible targets for the high in GDX late Oct or mid Nov.

Forks give possible targets, if top green line is breached strongly then bear market should be over which I doubt will happen, more likely this will be a 4 wave up and then the final 5th wave will bottom in mid 2015 in line with Martin Armstrong's ECM model peak in Oct. 2015.


Monday, July 07, 2014

Bullish Interpretation on COT report for Gold

http://thedailygold.com/gold-cot-analysis/

the daily gold site is saying that long speculators can be much longer than they are, the market was coming off of a very bearish sentiment level, if the long specs get up to 60% then it would be time to worry


NUGT heading for 169 to close the gap?



Monday, June 30, 2014

Commercials are heavily short Gold and Silver

Commercials as they say are usually right,  while large and small speculators tend to be wrong and both those groups are quite long now, especially the large specs. Despite this I still thing the precious metals will go up into autumn 2014.  Stops should always be used in case the market disagrees with the analysis.


Longer term chart seen first shows the commercials have been more heavily short Gold in the past few years than now though...






Tuesday, June 24, 2014

Silver's Descending Triangle Breakout Projection

left side width of triangle should equal right side breakout level...

Sunday, June 22, 2014

SILVER - BEAR MARKET APPEARS TO BE OVER!!!

"It’s important to keep in mind that this historic breakout in silver is coming from the most oversold levels ever. So this has the potential to be an extremely explosive situation. The last time silver rallied from such oversold levels it soared 320% in just 8 months. A similar move would take the price of silver to a new all-time high of $65." David P... Europe http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/17_Historic_Breakout_Will_Launch_The_Price_Of_Silver_To_$65.html


Thursday, June 19, 2014

Dust Update... confirmation that gold will keep moving up into Oct. 2014

With the speed that Dust is collapsing it may break below its wedge formation by Oct.


Saturday, June 14, 2014

Platinum Projection for major low in mid 2015


Gold long term map - big volatility coming...

This chart shows possible gold price levels based on time projections which are highly likely imo. The final low in mid 2015 is in line with Martin Armstrong's view based on his ECM model, after that all hell will start to break out in the world of government debt and loss of confidence by the public, the high in gold will be at least $5,000. The Marxist idea that government can pile up debt and live beyond the taxpayers ability to pay for their lavish salaries and pensions is going to die. This is going to be a very difficult time in history.


Wednesday, June 04, 2014

Junior Gold Stocks appear on verge upside break-out

Note the GDXJ inverse head and shoulders pattern with positive divergences in the indicators...



Saturday, April 26, 2014

Dust headed for the dust in Sept-Oct 2014

This chart of the Direxion 3X Bear Gold Stocks fund is showing a very powerful signal especially on the monthly setting, this of course means Gold and Gold stocks should see a huge rally  into next fall, the channel on the arithmetic chart therefore should be the correct interpretation...can you spell Ukraine?




Thursday, April 24, 2014

Gold sees reversal, Eric Hadik issues buy signal.

Today saw gold have a bullish reversal  with a 20 dollar range in trading, gold should move up for awhile now, I am not sure if this invalidates my call  for a june low in gold at this point,  I am seeing gold form a high in Sept still.

From  Erik Hadik.... Gold Drops to 1270.0/GCM, Fulfilling Downside HHL Target;
Silver Reaches 1895.5--1897.0/SIK Objective... on April 23/24th Cycle Low...
Set Stage for Multi-Month Bottom; Gold Buy Signal Triggered!!

Wednesday, April 16, 2014

Gold Channels suggesting more downside into June 2014

Could Gold be knocked down into Armstrong's 1000 area this June?

Monday, April 14, 2014

GDX update

I have deleted the forecast for a low in the gdx gold stocks index for next Sept., the current forecast is in agreement with nugt and dust, the gold stocks should bottom in mid to late June as they did last year.

Thursday, April 10, 2014

Saturday, April 05, 2014

Gold/Xau Chart

This chart shows interesting relations between gold and the xau (gold and silver stocks index) Based on the position of the CCI at the top this indicates gold going lower if the past behavior repeats.


Sunday, March 30, 2014

US Treasury Bonds headed for big low in late 2015 or early 2016

This means interest rates are going  to go up lots which is going to make servicing debt harder leading to a crisis of liquidity and civil unrest as people start to realize that the government is broke and they will not have pensions as Martin Armstrong has been warning. Can energy self sufficiency save the system? Armstrong does not think so.


Silver Standard 2019 Hi


Silver Wheaton March 2014 low


Saturday, March 29, 2014

Friday, March 28, 2014

Gold Bull Flag with support trend lines

Gold should now start to move back up going into the summer, Hadik is looking for 1425 initially, Stockcharts.com pnf is projecting 1440.


Thursday, March 27, 2014

Silver (slv) Coiling

Slv should find support on the lower trend line and eventually break above the upper trend line producing a summer rally.



Tuesday, March 25, 2014

Friday, March 21, 2014

Wednesday, February 05, 2014

Gold low mid March (update)

Update March 20...bottom should be coming in soon, perhaps next week or by end of March,  of note is that Eric Hadik is looking for  a rally into April/May. I am still seeing this summer as a big high for gold and silver, 2015 may still go lower  for the metals, as Barrick's chart is projecting an  Oct. 2015 low right on the peak of Armstrong's  pi cycle.
Update Feb. 23.... 
trends are still showing mid march low is coming for multiple charts, this is the most probable outcome now. macd and cci are also rolling over on gold stock indices.

http://stockcharts.com/c-sc/sc?s=GDX&p=D&yr=0&mn=6&dy=0&i=p61932419554&r=1391662070186

Sunday, January 26, 2014

Gold, alternate view, showing low is in and rally until Sept. 2014

Different data source is giving a different trend, if Gold breaks through its down trend-line from last  year then this chart  is most likely correct.


Wednesday, January 08, 2014

Thursday, January 02, 2014

Warning on Gold

Gold could still go down more, despite its strong showing at the start of 2014, if you look at the yearly and quarterly charts of GLD on bigcharts.com those charts do not look very bullish, Martin Armstrong is still saying Gold could go between 850 and 1050 going into Q1 2014 which contradicts my oscillator for the silver low in late December which given the strong rally today looks like it has legs but we must be on guard of  the rally stalling out.  The fact that DUST the 3x leveraged bear fund did not get to up as high as it did last June even though Gold went to about the June lows, does not argue well for the bearish case though.

Saturday, December 28, 2013

GDX Gold Stock Index breadth charts...

http://www.etfinvestmentoutlook.com/etf.php?s=GDX&c=breadth_advance_decline_avg_d

Gold with momentum and rsi divergences...

see... http://www.traders-talk.com/mb2/index.php?s=ecac1305d2d0e521af308bad9c0ac1d6&showtopic=151201&st=210&#entry680283


Saturday, December 21, 2013

Silver - Major Low December 30 +/- a few days

This is a very powerful signal as it is coming directly off of the 2008 crash, the symmetry is very strong on this chart, new lows after late December are unlikely and as Martin Armstrong has written after a high in Sept. 2014, lows going into 2015 on the pi cycle model peak may just be a test of the 2013-2014 low. Gold should move along with Silver (although sometimes they are slightly different in their timing).

Thursday, December 19, 2013

Silver low End of December or Feb. 2014 to be followed by strong rally (Gold and Silver) into early September (Pi Cycle Date)

UPDATE - After doing more work on the silver charts, I am again seeing a big low at the end of December which is in conflict with the most recent chart below, of the two charts the Dec. low chart is the strongest so Eric Hadik may be correct that the final low on this move will be in late December, however as Gold and Silver look set to peak next September that could lead to bigger lows going into 2015 or perhaps just a test of these lows. These charts are in agreement with Martin Armstrong's latest views... "Gold had a chance to at least rally and clean out some shorts, but could not close above 1243. The Dow is in the same position. We may be setting up for a MAJOR protraction of these trends for the next peak in the Economic Confidence Model 8.6 Year Wave in 2024. This implies there is the danger of a Cycle Inversion. So far, it appears we have this Jan-Feb turning point showing up in many markets globally. What makes a low at that time could rally into the next ECM turning point in 2014 warning we may then turn down into 2015.75 and flip into a rally going into 2020. We simply have to monitor the Reversals and the Cycles." ... http://armstrongeconomics.com/2013/12/17/market-updates/

Saturday, December 14, 2013

Thursday, December 05, 2013

Dow - Gold Relation

Ron Rosen 60 year market veteran has made the argument the dow is  going to crash and gold will start back up... kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/12/5_History_Is_About_To_Repeat_%26_It_Will_Shock_The_World.html

This  chart shows the relationship between the two....


Thursday, November 28, 2013

Tuesday, November 19, 2013

Thursday, November 07, 2013

Silver low late December 2013

Silver and GDX (gold stocks etf) are both showing trends for developing lows in late December and late Nov. respectively.

Saturday, October 26, 2013

Gold Miners on track for a late Dec to Early Jan Hi

Gold and Silver as well as their stock indices should all move up in the intermediate term into late Dec or early Jan, then a consolidation for a few weeks before the final high of this rally (not the ultimate high).

Wednesday, October 16, 2013

Silver - Headed for a strong rally into Summer 2014

Price projection levels are estimates.

Monday, October 14, 2013

Gold may have hit bottom last week

My original forecast a few weeks ago was that Gold would go down until October 8-10, on the weekend I did this chart which agrees with my first work. Update Oct. 14th Evening: While this signal produce a good bounce, with the futures down tonight the forecast below may still prove to be the low around Oct. 22.

Sunday, October 13, 2013

Gold Long Term with Elliot Wave Count and CCI

Notice how 1980 was more parabolic and the cci shot much high making 2011 look weak, this argues the final rally is yet to come, probably around 2016-17, then the next big low should be around 2032 based on my oscillator's trends and it coincides with Armrstrong's Pi Cycle Model Peak in 2032.

Monday, October 07, 2013

Gold - October 22, 2013 Low

This chart is what will probably happen...

Friday, October 04, 2013

Silver may have reached support

A potential bull flag getting ready to break-out to the upside.


Friday, September 27, 2013

Gold - 60 minute chart break-out - initial target 1410

I am showing a trend on the US dollar for a low just before mid Oct. so this should drive gold up  as the debt ceiling issue heats up again. - update - I am getting December for a low in the dollar using a dollar etf, I will do more work on the charts to confirm. Tradermama over at traders-talk.com at the gold and mining forum sees that the dollar started a negative trend in Sept.  using her pnf methods.

  Previous projection for gold low around Oct. 10th has now been invalidated after the  large up move. The oscillator signals lose their confirmation especially if the signal is not a long term signal.

Wednesday, September 25, 2013

Gary Wagner's Bearish Elliot Wave Count...

I am not saying I agree with this bearish view but it is worth consideration...


Friday, August 30, 2013

Gold low late Sept. low - Update - indicator has shifted again and is now suggesting around October 25 for the low

Graphic below this post was done as an estimate based partly on other people's work which obviously has been wrong, my oscillator has shown both the high and the developing low now as of Sept. 13th.

Saturday, August 17, 2013

NUGGET Kite Formation

Projection is for the Direxion 3X Gold Stock ETF to peak in either December 2013 or March 2014, depending on whether it is the GDX or HUI index, further work will be needed on these charts but there is going to be a large rally between Sept and late year or possibly into early 2014.