When I calculated potential 'reachable targets' a couple months ago, $1935-$1960 seemed to offer some good chart TA choices. Don't forget they basically put gold in the "toilet" from Oct 2011 - August 2018......7 yrs. A lot of energy pent up as it works out of that hole. The run up to 2011 took 12 years. Current move from dead bottom is 3-1/2 yrs old. Looks pretty comical now all those people calling for $600-$800 gold when it hit under $1100 in 2015. Recency Bias at work.
Gold and silver marching higher tonight! Gold marching to multiple all time highs! Let's hope this holds overnight and continues tomorrow morning after 9:30 stock market opening bell
YUP. All time high. My targets are all essentially reached. No idea from here....esp. at $2000 and above. The 44 gold Angel (ie 44 squared) has been reached at $1936....a key number. The next gold Angel is "45" which suggests $2025 is next on tap. The easy work has been done in gold retracing August 2011. Now silver will probably follow to some extent....$25 seems easy. Previous high gold from 2011 was $1923...and not a daily close either. GSR now fallen into the 70's at 79. That ratio needs to return to the century "norm" of 45-65. So even at 65 that suggests silver eventually to $30 with gold at $2000. Fun times.
As I said back around 2004-2006 - "gold...barbarous relic no more."
@roadrunner said:
YUP. All time high. My targets are all essentially reached. No idea from here....esp. at $2000 and above. The 44 gold Angel (ie 44 squared) has been reached at $1936....a key number. The next gold Angel is "25" which suggests $2025 is next on tap. The easy work has been done in gold retracing August 2011. Now silver will probably follow to some extent....$25 seems easy. Previous high gold from 2011 was $1923...and not a daily close either. GSR now fallen into the 70's at 79. That ratio needs to return to the century "norm" of 45-65. So even at 65 that suggests silver eventually to $30 with gold at $2000. Fun times.
As I said back around 2004-2006 - "gold...barbarous relic no more."
Thank you for the technical stats! Your posts have been helping me greatly these past few weeks and I am forever grateful for you sharing your knowledge. Helps me to stay on course😉👍🇺🇸😷
Markets like you to reach previous peaks following big smack downs. Now that gold has done that, the usual ploy is to execute a "false breakout" to well above the previous high to suck lots of late buyers in. The SM did that on the throw off from 26K to 29K....and then the crunch to 18K to back test the top of the 1998-2008 symmetric 5 wave triangle.
Be somewhat leery of gold punching past $2000. It could be a good sign or a bad one. At some point gold has to retrace 38-50-61% of the move from $1045 to $1945+. And that's a LOT of retracing. We're all flying blind from here now with no previous charts to go buy. Literally uncharted territory - much like stocks have done since 2013. At least the Elliot Wavers have their wave counts and pin-ball Fibs to help project gold out from here. Pretty accurate at times too. And with GSR at only 79, it has a lot more room to move down to 45-65 to reach normal levels....a big plus for silver...a good plus for gold. The PMs rally won't be done until GSR returns to normally seen levels. The manufactured BS to push GSR to 126 this past March was the "con" of the century. Just normal market "manipulations" to the usual gold-naysayers.
Also note that Martin Armstrong's ECM model has been dead on for gold since around 1999. And further back if you check. He called the June 2011 high (2 months off) , the 2015 low (2 months off), and the 2020 peak. So far....6 months early. But for a model that has been available for over 30 yrs and unchanged, uncanny accuracy.....better than Nostradamus imo. These were all long term prophecies. 4.3 years between highs and lows. That was June 2011 and Sept 2015. And now Jan 2020. So gold is well within the 4.3 yr time window from bottom to top....and inside the peak to peak window of 8.6 yrs (2011-2020). Something to think about. In any even Armstrong called the move beginning in Sept 2015....where Newmont Mining bottomed out. I've been posting about that since early 2015.... that the bottom was likely coming in late 2015. Then a 4-5 yr rally to the next top. Has worked like clock work with the ECM.
@roadrunner said:
Markets like you to reach previous peaks following big smack downs. Now that gold has done that, the usual ploy is to execute a "false breakout" to well above the previous high to suck lots of late buyers in. The SM did that on the throw off from 26K to 29K....and then the crunch to 18K to back test the top of the 1998-2008 symmetric 5 wave triangle.
Be somewhat leery of gold punching past $2000. It could be a good sign or a bad one. At some point gold has to retrace 38-50-61% of the move from $1045 to $1945+. And that's a LOT of retracing. We're all flying blind from here now with no previous charts to go buy. Literally uncharted territory - much like stocks have done since 2013. At least the Elliot Wavers have their wave counts and pin-ball Fibs to help project gold out from here. Pretty accurate at times too. And with GSR at only 79, it has a lot more room to move down to 45-65 to reach normal levels....a big plus for silver...a good plus for gold. The PMs rally won't be done until GSR returns to normally seen levels. The manufactured BS to push GSR to 126 this past March was the "con" of the century. Just normal market "manipulations" to the usual gold-naysayers.
@MilesWaits said:
RR, talk of the “Angels” brings back fond memories of $1650 and Sinclair.
Fond memories of the Angels. But not so much of Sinclair. He was dead on from 2003-2012. But really chunked it from 2013 and onward. Became nothing more than a Carney....along with his TA charting buddy Bo Polny, carnival barker...ex Doctor who couldn't punch his way out of charting paper bag....lol.
My magic 8ball tells me that after some yo yo ing as it has this week that Friday latest is a fine possibility. My guess is it could be Thursday if not overnight today.
a correction was needed to keep the pm market healthy believe it or not, parabolic moves up every single day is what happens at the end of a bull run cycle
Comments
Come on baby
$12.64 to go
My Saint Set
wow. felt bad that i didn't sell much gold in 2011, got a 2nd chance now
Yes, absolutely, count on it!
When I calculated potential 'reachable targets' a couple months ago, $1935-$1960 seemed to offer some good chart TA choices. Don't forget they basically put gold in the "toilet" from Oct 2011 - August 2018......7 yrs. A lot of energy pent up as it works out of that hole. The run up to 2011 took 12 years. Current move from dead bottom is 3-1/2 yrs old. Looks pretty comical now all those people calling for $600-$800 gold when it hit under $1100 in 2015. Recency Bias at work.
1, 2, 3, ------ 1,900 +
And yes she is off to the evening races! And how about Palladium.
GOLD$1,923.35 !!
Oh my... What's the all-time high again?
Collector, occasional seller
ATH is today, was 1911 years back
Gold and silver both.... some very strong moves.
I believe it was $1920 and change back in 2011. We set a new high tonight though but we need a strong close tomorrow!
Gold and silver marching higher tonight! Gold marching to multiple all time highs! Let's hope this holds overnight and continues tomorrow morning after 9:30 stock market opening bell
D $1,931.75 (+29.36)
Maybe that elusive $2000 will be reached sooner than later.
$1,945 last night
My Saint Set
Gold $1937.85/oz 35.46up
on the way
BHNC #203
GOLD $1,940.23 (+37.84)
Another 10 dollars and will already be. halfway.
YUP. All time high. My targets are all essentially reached. No idea from here....esp. at $2000 and above. The 44 gold Angel (ie 44 squared) has been reached at $1936....a key number. The next gold Angel is "45" which suggests $2025 is next on tap. The easy work has been done in gold retracing August 2011. Now silver will probably follow to some extent....$25 seems easy. Previous high gold from 2011 was $1923...and not a daily close either. GSR now fallen into the 70's at 79. That ratio needs to return to the century "norm" of 45-65. So even at 65 that suggests silver eventually to $30 with gold at $2000. Fun times.
As I said back around 2004-2006 - "gold...barbarous relic no more."
Thank you for the technical stats! Your posts have been helping me greatly these past few weeks and I am forever grateful for you sharing your knowledge. Helps me to stay on course😉👍🇺🇸😷
Markets like you to reach previous peaks following big smack downs. Now that gold has done that, the usual ploy is to execute a "false breakout" to well above the previous high to suck lots of late buyers in. The SM did that on the throw off from 26K to 29K....and then the crunch to 18K to back test the top of the 1998-2008 symmetric 5 wave triangle.
Be somewhat leery of gold punching past $2000. It could be a good sign or a bad one. At some point gold has to retrace 38-50-61% of the move from $1045 to $1945+. And that's a LOT of retracing. We're all flying blind from here now with no previous charts to go buy. Literally uncharted territory - much like stocks have done since 2013. At least the Elliot Wavers have their wave counts and pin-ball Fibs to help project gold out from here. Pretty accurate at times too. And with GSR at only 79, it has a lot more room to move down to 45-65 to reach normal levels....a big plus for silver...a good plus for gold. The PMs rally won't be done until GSR returns to normally seen levels. The manufactured BS to push GSR to 126 this past March was the "con" of the century. Just normal market "manipulations" to the usual gold-naysayers.
Also note that Martin Armstrong's ECM model has been dead on for gold since around 1999. And further back if you check. He called the June 2011 high (2 months off) , the 2015 low (2 months off), and the 2020 peak. So far....6 months early. But for a model that has been available for over 30 yrs and unchanged, uncanny accuracy.....better than Nostradamus imo. These were all long term prophecies. 4.3 years between highs and lows. That was June 2011 and Sept 2015. And now Jan 2020. So gold is well within the 4.3 yr time window from bottom to top....and inside the peak to peak window of 8.6 yrs (2011-2020). Something to think about. In any even Armstrong called the move beginning in Sept 2015....where Newmont Mining bottomed out. I've been posting about that since early 2015.... that the bottom was likely coming in late 2015. Then a 4-5 yr rally to the next top. Has worked like clock work with the ECM.
You are the man! Good stuff!👍
RR, talk of the “Angels” brings back fond memories of $1650 and Sinclair.
Fond memories of the Angels. But not so much of Sinclair. He was dead on from 2003-2012. But really chunked it from 2013 and onward. Became nothing more than a Carney....along with his TA charting buddy Bo Polny, carnival barker...ex Doctor who couldn't punch his way out of charting paper bag....lol.
GOLD $1,954.62 (+11.12)
Now already more that $30 over the 2011 all time high of $1,920.00
Me likey
Pick one, go ahead!
GOLD$1,971.60
SILVER$25.67
PLATINUM$969.60
PALLADIUM$2,392.91
Make that $40 over the prior high now, just an hour later. Now at $1,962.76.
Heading even higher than $1,963.00 tomorrow?
It was crazy! The tide turned downward so quickly and for no apparent reason. SMH.....
GOLD $1,950.58 (+7.08)
Upward trend again.
GOLD $1,958.24
Inching back up. At least a measure of stability for now.
td securities thinks the top is in for gold, i myself don't think so
https://www.kitco.com/news/2020-07-29/Is-this-gold-price-market-top.html
GOLD $1,969.09 (+9.40)
Wow, $30 and change away from hitting $2,000.00!
My magic 8ball tells me that after some yo yo ing as it has this week that Friday latest is a fine possibility. My guess is it could be Thursday if not overnight today.
The ebay online dealers have Jacked premiums back up to$ 150 for oz au.
EBay just sent me an apmex hurry up and buy an oz age for $ 2185!
Did we find the ceiling ? Time to order more roofing material. We punched a hole in it.
a correction was needed to keep the pm market healthy believe it or not, parabolic moves up every single day is what happens at the end of a bull run cycle
Agree, agree, relax. Relax.
Now - Friday Morning Pacific Time - within 25 bucks and change of reaching $2,000.00
GOLD $1,974.22 (+17.55)
kitco is showing 1,983 and pcgs is showing 1,976
This may be the week that gold closes over $2000.
Worry is the interest you pay on a debt you may not owe.
This may be the week that gold closes over $2000.
Worry is the interest you pay on a debt you may not owe.
One more time, for good luck, Perry!
It's going to be close.
Worry is the interest you pay on a debt you may not owe.
Ok. Market set to open in a few hours. Any thoughts on how gold and silver prices will be headed? Up or down? I say UP!
I agree with an earlier poster (in this or another thread) who said it best: Gold already is $2,000. Try buying a gold eagle for less.
He who knows he has enough is rich.
I think today is the day! Spot gold high is $1996 and silver is back up over $25!👍👍👍😎😎😎
$1997.40 right now, time to keep hitting refresh, to see if it goes over 2000.
Join the fight against Minnesota's unjust coin dealer tax law.
just a few dollars away, where are the fire works? this is a special event!
Futures' prices already well over $2000. So spot will probably follow along today. 1999.94 on NetDania.
Current triangle break out in play is $75 wide. That projects to a target of $2035 min to $2065 max....assuming one more leg higher.