Saturday, December 31, 2016

XAU looks to be headed for a March High

This chart projected the low in Dec. last summer and was posted below back then as well as on gold and resources forum. I originally thought Nov. would be the low but upon closer inspection the Dec. low does work on the chart, the chart is now projecting March for the next high and other measures including trendlines on the price chart and money flow oscillators are showing we have most likely seen the low for now, what happens after March will be another story.

Sunday, December 25, 2016

Gold Update - GLD is projecting a Feb high

This contradicts my GDX projection below for a bigger low by Feb/Mar,  For a variety of reasons including money flow indicators and cci on gld showing an uptrend I think a rally is coming over the next few weeks, this means my original forecast from last summer for XAU to bottom in Nov is about correct (even though it kept going down into Dec for about 3 extra weeks).

Wednesday, December 21, 2016

Gold Down Trend Lines Dec. 21 2016

These lines argue the low is possible in as Senor on thinks is possible, however if you draw a line on the top two points of the downtrend middle line that argues more down is needed.

Saturday, December 17, 2016

Gold and Gold Stocks Major Low in Feb-March 2017

I have now looked at multiple charts, gdx, hui, gdm, gold, dust, all are pointing to Feb - March 2017 as a major low.  My xau chart from last summer while showing gold and gold stocks would go down into late November, the chart is now projecting Feb -March 2017 in line with the other charts. Gold stocks and Gold should then rally into summer 2019 which can be seen on the lower part of the chart.

This is in agreement with TSharp from  and you can see his chart here...

Martin Armstrong has also been calling for sub-1000 gold since last summer and before the summer rally too.

Sunday, December 04, 2016

Silver 2021-22 high of at least 300 dollars

There is possibly another low coming in 2017 after the current rally runs out, I am not sure about that issue, will cross that bridge when we get to it.

Gold chart projecting high for 2021-2022 of at least 6000 dollars