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.