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Quarterly Digger - Begin Again - March 2014


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Hey guys..

 

Remember me? After being uber-bearish for the last 4 years, I am starting to get really anxious now that we are resuming the upward side of the gold bull. 

 

Carnac, very nice work up.. that site which you pointed over on 321gold is really cool and folks here should have a look.

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If prices can hold till the end of the month we have a Seven of Eleven charts long up trend again

That is that the special monthly slow stoch will end above 80% and retest the midterm downtrend

 

 

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  • 2 weeks later...

Another great article on 321 Gold.com today February 24, 2016 called "Resumption of the generational Gold Bull Market" and it looks similar to what I posted February 10, 2016 see my post 60  If we continue to follow the script we are headed to the August 2014 swing high area at $1410 to $1434 and it will take to the end of this year to break above that level. It should be fun to watch it play out.

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We likely hit a secondary high at 1254 today. We should start to pullback and relieve the seriously overbought conditions here soon. Gold sentiment has also exploded in the past few weeks and that needs to cool off as well. Couple that with cautious Asians/Indians in the physical markets who are not buying at these prices right now. My guess... Gold pulls back into a springtime low at around its 200 DMA which is $1130-$1140 area. I will be stepping in long VERY strongly then...

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Breakout confirmed in all timeframes

It looks like the 11 monhts cycles are resuming which would mean the next leg of the gold up has started

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  • 3 months later...

Ok lets turn on the light again and go back to work

 

gold high sept okt at 1450 1500 dollar

 

that is seven of elevens system prediction

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