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What I see in the current gold chart.

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  • rawteam1rawteam1 Posts: 2,472 ✭✭✭
    It says: you r getting sleepy , very sleepy...
    keceph `anah
  • cohodkcohodk Posts: 19,129 ✭✭✭✭✭
    Originally posted by: cohodk
    Gonna go out on a limb and show this chart of a plausible scenario for gold over the next 2 years. 2016 could be entertaining as the pattern evolves.

    image



    I posted this chart and comments on July 14, 2013. Stupid charts. LMAO!!!

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    2016 has been uneventful so far for me~still in neutral to reverse when I do hit few gears forward she starts slippingimage
    Avid collector of GSA's.
  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭
    It does look like volumes have grown larger since 2008. So, are you calling the inflection point around July 15th?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,129 ✭✭✭✭✭
    Originally posted by: jmski52
    It does look like volumes have grown larger since 2008. So, are you calling the inflection point around July 15th?


    See sigline.

    Chart needs to be updated. Point was...don't expect much until 2016. Given that PMs are up about 20% thus far in 2016, seems the blind man maybe ain't so blind.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Yeah updated stupid chart required, didn't gold go below $1100 before gaining some back up to the $1250 level recently,

    is Its Time to break the downtrend this time? Maybe will, maybe won't

    I'll start to get excited at $1500 or $900, don't really care which one,

    Just wish it would pick a direction and start to really either break out or break down...

    Liberty: Parent of Science & Industry

  • cohodkcohodk Posts: 19,129 ✭✭✭✭✭
    Direction does not only involve up or down.

    Downtrend line is still up near 1400.

    But at leaSt 2016 has been so far been more exciting than 2012, 2013, 2014, 2015...
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    Keep and eye on the dollar index

    A break below 94 should be a very, very strong signal for gold momentum.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,293 ✭✭✭✭✭
    Originally posted by: cohodk
    Direction does not only involve up or down.

    Downtrend line is still up near 1400.

    But at leaSt 2016 has been so far been more exciting than 2012, 2013, 2014, 2015...



    I did okay with the 2012 W Gold one ounce American Eagles from the mint. Some gold shines brighter than other. But that's a one off. Not much else to speak of since, until the Mercury Dime in gold arrived yesterday. Barring the Reverse Proof Gold Buffaloes in '13, we've got the Standing and Walking liberties coming this year, too. A centennial thing.
    A hot dog with mustard, out of the chute.


    image
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