Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
Thursday, October 27, 2016
Oct 27, 2016 - Gold ready to run?
Substantial break above 200 day MA. See what it did last time this happened.
Careful the last time was secular bull market and now gold is in secular bear market. It will move higher for 2-3 years in a cyclical bull market, but do not expect rocket launch higher. SilentOne posted great video on Gold too, analyzing tops https://www.youtube.com/watch?v=sFmWerwLHrU It is a must for some one who trades gold. And another piece from Tony Caldaro http://www.marketoracle.co.uk/Article56316.html. It is about Crude Oil, but it applies to all commodities. Basically confirms the analysis from SilentOne and my observations that commodities are moving higher with corrective waves.
READY TO RUN....BUT ONLY UP 1214 IT'S CONFIRMED...
ReplyDeleteWHAT DO YOU THINK..
BET, notice the past run up was 3+ years so we need patience as it is not a short term move.
DeleteCareful the last time was secular bull market and now gold is in secular bear market. It will move higher for 2-3 years in a cyclical bull market, but do not expect rocket launch higher.
ReplyDeleteSilentOne posted great video on Gold too, analyzing tops https://www.youtube.com/watch?v=sFmWerwLHrU
It is a must for some one who trades gold.
And another piece from Tony Caldaro http://www.marketoracle.co.uk/Article56316.html. It is about Crude Oil, but it applies to all commodities. Basically confirms the analysis from SilentOne and my observations that commodities are moving higher with corrective waves.