When all feels hopeless is usually when a bottom arrives. Right now feels semi hopeless. Maybe not a good thing.
When all feels hopeless is usually when a bottom arrives. Right now feels semi hopeless. Maybe not a good thing.
The cycle picture is hazy. The table at left (subscriber version) is my best guess. A short term low is due, but at a lower projection. The would-be 13-17 week cycle up phase has gone nowhere, despite a new projection that points higher. If it doesn’t get out of this range soon, it would suggest the possibility of a wicked down phase ahead. If the price holds above the May-August downtrend line as shown on this chart (subscriber version), that would be constructive
Gold is on the cusp of signaling a possible intermediate cycle low. A daily close above the trendlines at xxxx (subscribers only) would be a good start to confirming that.
Gold is on the cusp of signaling a possible intermediate cycle low. A daily close above the trendlines at xxxx (subscribers only) would be a good start to confirming that.
Gold is on the cusp of signaling a possible intermediate cycle low. A daily close above the trendlines at xxxx (subscribers only) would be a good start to confirming that.
It’s too soon to tell if this is repair or consolidation, but the risks are high, and the downside targets remain in place for now.…
The scary part of this week is the premature failure of the 13 week cycle up phase. It confirms the down phases in bigger cycles…
Cycle juxtaposition expresses as range or does the range cause the juxtaposition. This report gives the parameters that will signal change. Meanwhile, there’s still that…
Gold remains at risk despite a positive sign in the miners yesterday. Subscribers, click here to download the report. Try Lee Adler’s Gold Trader risk…