Gold-$
Gold is not an investment, it's money and an Insurance. The only currency without liability and counterparty risk.
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Your choice: You either take physical delivery of your Gold, or you stay in worthless fiat paper.
Updated October 28, 2011
Break away gaps are being closed = very bullish - correction over.
| Bullish Objective | $ 2380 | Major ONE up from $ 256 to $ 1015 | |
| Resistance | $ 1880 | Major TWO down from $ 1015 to $ 700 | |
| Support | $ 1680 | Major THREE up from $ 700 to $ 3500 | |
| Bearish Objective | $ 1550 | Major FOUR down from $ 3500 to $ 2500 | |
| Technical pattern | Bull run | Major FIVE up from $ 2500 to $ 10,000 |
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Our Opinion
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GLD ETF strip story: [GLD is an ETF and should not be bought as an investment !]
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April 20, 2011 Bullish HS formation with 158 as objective and 140 as support. |
August 11: overbought | September 23: Bottom fishing & gaps FILLED | September 26: too much, too deep and too fast |
Updated October 28, 2011. - New Objectives $ 1860 - $ 2200. - $ 2380 - $ 2520
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The longer a consolidation/accumulation lasts, the stronger the coming Bull/Bear run will be. |
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Short term candle October 18 |
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Gold cycles: Each bull run lasts for about 7 to 8 months and is followed by a 2 to 2 1/2 month correction. Hence during the coming month of November we should see Gold resuming its bull run. At the same time the Volatility of Gold is increasing and this is visible on the MACD index.
Updated August 9, 2011 -
This is a disconnect and a huge opportunity. Gold shares normally lead Gold during upswings...like it tries to now...unsuccessfully...click here for more
Updated August 23, 2011 - The Gold-Silver ratio tells us when to buy/Sell gold & silver
Fibonacci levels and cycles: Fibonacci levels are key resistance and support levels. These levels exist and can be seen all over the nature.
These are the cycles for $-Gold: Active cycle is Major THREE up to $ 3500
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Major ONE up from $ 256 to $ 1015
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Major TWO down from $ 1015 to $ 700
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Major THREE up from $ 700 to $ 3500
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Major FOUR down from $ 3500 to $ 2500
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Major FIVE up from $ 2500 to $ 10000
Gold congestion zones and subsequent bull runs: “Time is more important than price; when time is up price will reverse. (W. Gann)”
- leg 1 from $ 430 to $ 720 (September 06 to May 07) + 67% - done
- leg 2 from $ 700 to $ 1,000 (September 07 to April 08) +43% - done
- leg 3 from $ 950 to $ 1,300 (September 09 to October 2010) +30% - done
- leg 4 from $ 1300 to $ 1450/$ 1640/ $ 1900 (October 2010 to August 2011?) +46% - done
- leg 5 from $ 1600 to $ ?????
Updated January 3, 2011 - Dead and Golden crosses on the Moving Averages
A fresh bull run has been initiated. Also check the constellation chart to the right with a bullish objective of $ 1,460. (October 2010)
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We 'never' experienced a weak price of Gold during a cycle of 'real negative interest rates' ! Remember that the price of Gold is not driven by a weak dollar and that we have and may see again Gold and the Dollar rise in tandem. Central bankers do not like gold because it is a monetary metal and they manage fiat (paper money) currencies. Therefore when gold rises strongly or persistently against a currency, it is signaling that CBs are printing too much of it. The theory of Keynes that the Great Depression was due to the contraction in money supply because of the Gold Standard is incorrect. The opposite is true. Few know Keynes was in fact a Government employee...Like John Law was an employee of the French court...