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.
Saturday, December 17, 2016
$gold 2017
Outlook for gold in 2017. Bottoms in early 2017 and then some upside.....
The commodity producer (gold miner in this case - GDX) often turns before the commodity. Will it happen in this case? Don't know as the correlation is not perfect.
Your Nov. 21 GDX chart showed bottoming around now....has that also been changed to mid January like Gold? Thx!
ReplyDeleteThe commodity producer (gold miner in this case - GDX) often turns before the commodity. Will it happen in this case? Don't know as the correlation is not perfect.
ReplyDeleteGold stocks: https://likesmoneycycletrading.wordpress.com/2016/12/19/good-behavior/
ReplyDeletei like the potential for long gold too
ReplyDeleteNatasha - good to hear from you. Hope you have a great New Year.
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