7 thoughts on “CHART OF THE DAY – ARE MINERS ANTICIPATING A HALF CYCLE LOW?”
tulip
Im lost here…. you said earlier we are in a correction…
Also when did this intermediate cycle begin….?
Whens the final IC low….????
thx
GaryPost author
The ICL was 3 weeks ago.
humbled
we’ll know theBrexit answer in a day and a half or so.
Brexit vote process to begin
humbled
Thanks Gary for the different perspective
chrisG
It pretty obvious that gold current theme is a brexit fear play. During intense brexit fear, dollar up, gold up. It’s in the chart. Yet now when no fear, dollar may drop, and Gary is now saying gold ain’t dropping. My view is gold drop hard on no brexit. Then gold will resume it’s inverse relationship with dollar.
Ie. Now it’s brexit theme. Followed by dollar theme.
The dollar just confirmed a failed daily cycle. The odds are now very high that the dollar cycle has already topped and is already headed down into an intermediate decline. The knee jerk selling in gold over the Brexit shouldn’t last long before the market figures out that the dollar is collapsing and gold resumes its inverse relationship with the currency.
The dollar is now starting the move down into its 3 year cycle low. It’s not due to bottom until the summer of 2017 at the earliest, so we can expect a lot of damage to be done between now and then.
I continue to maintain that everything should go up together over the next several years driven by a collapsing dollar. That has been the norm for most of the last 16 years, and I expect it will be the norm going forward.
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Im lost here…. you said earlier we are in a correction…
Also when did this intermediate cycle begin….?
Whens the final IC low….????
thx
The ICL was 3 weeks ago.
we’ll know theBrexit answer in a day and a half or so.
Brexit vote process to begin
Thanks Gary for the different perspective
It pretty obvious that gold current theme is a brexit fear play. During intense brexit fear, dollar up, gold up. It’s in the chart. Yet now when no fear, dollar may drop, and Gary is now saying gold ain’t dropping. My view is gold drop hard on no brexit. Then gold will resume it’s inverse relationship with dollar.
Ie. Now it’s brexit theme. Followed by dollar theme.
Take a read Gary
http://www.digitallook.com/news/international-economic/us-dollar-may-be-up-to-20-overvalued-imf-says–1219815.html
The dollar just confirmed a failed daily cycle. The odds are now very high that the dollar cycle has already topped and is already headed down into an intermediate decline. The knee jerk selling in gold over the Brexit shouldn’t last long before the market figures out that the dollar is collapsing and gold resumes its inverse relationship with the currency.
The dollar is now starting the move down into its 3 year cycle low. It’s not due to bottom until the summer of 2017 at the earliest, so we can expect a lot of damage to be done between now and then.
I continue to maintain that everything should go up together over the next several years driven by a collapsing dollar. That has been the norm for most of the last 16 years, and I expect it will be the norm going forward.