Sunday, November 30, 2014

GDX (Gold MIner's ETF) Dec. 16 Low??

Dec. 2nd Update after Gold's reaction to Japan's debt downgrade on Dec. 1 I have exited my short positions. The lows may be in for gold and a rally into early 2015 could happen. For now I am sitting on the sidelines. Here is a very important cycle chart posted on traders-talk.com by Tria... http://stockcharts.com/c-sc/sc?s=GLD&p=W&yr=4&mn=5&dy=0&id=p34961293120&a=285699619&r=1365955504497.png Recently predicted the Nov. 21 high for gold on traders-talk.com gold forum, now am seeing a probable low around Dec. 16, 2014 which should lead to a rally going into 1st quarter 2015.

Tuesday, November 25, 2014

Gold trendline update with pi cycle turn Oct. 2015

This chart shows the current rally is most likely going to fail and the final low will be next summer down around 850-900.