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?