Gold Nearing a Daily Cycle High
As the dollar makes its final drop down into its daily cycle low, gold could test the 1381-1391 zone. But don’t expect a break out just yet. Gold will probably drop back down into the range for a couple more weeks before the next leg up begins.
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Don, I do not know about Gartman but I know Lady Market should render a final trickery to bond bears before surrendering herself to them – it is the way She always does.
Hi Alex, would you comment on Michael Oliver’s interview? He started at abt 20min but whole episode good to listen. Thank you. https://www.voiceamerica.com/episode/93990/are-we-nearing-the-end-of-a-34-year-paper-asset-bull-market
… I mean Michael Oliver’s view on treasures….
One day at a time, as we get there from here.
XBI is making a swing low? After the false DCL this is a real DCL?
Gary, nice call on crude oil. It’s going up a lot faster than it went down.
I would like to see the dollar slice through the intermediate trend line and wipe out the dip buyers. That would be the first warning shot that the dollar is in trouble and not going anywhere near 100 again for a long long time.
Then during the next daily cycle wee should get a waterfall event that serves as the recognition phase that a bear market has begun.
The dollar is slicing through the intermediate trend line today. This will take out the dip buyers and should set the stage for the waterfall event during the next daily cycle.
Gold unable to break immediate resistance 1353-1355 area
GASL and GUSH did tremendous in today’s session
VICTOR, I fully agree with the view we are close to the end of the bull in treasuries.
Actually I think we are merely several trading days away from the top of the BIG BULL in treasuries.
TLT should top at 144 by the end of next week.
It will be about there that I will resume my shorts in Ts.
I disagree with the innuendo that FED may buy land in the future. It will never do that unless o Japan-like deflation ensues, which is not the case. Inflating land value has deep social repercussions and leaves room to massive bank write offs and bankruptcies.
Hello everyone & specially to Mr.Gary Savage