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Gold & Silver in a LT rally

Mercury

By Mercury,
in Commodities

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Mercury
Mercury

Nothing much going on with Gold/Silver, the anticipated consolidation period continues.  The competing drivers of USD and Stocks/Bonds movements may be neutralising clear direction for now but in anyc

Mercury
Mercury

Gold has arrived at an important juncture for me but before that looking at that I looked back at the long term charts to remind myself of the big picture.  Unsurprisingly there are 2 scenarios (1 up

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THT Valued Contributor

THT

Posted
Posted

That's the reason for the plunge

Gann said "When Time and Price balance, the trend is over" 

Now on my to do list is to identify the Time Cycles for Gold - I ideally need about 100+ years of freely traded price data - thats not available so it'll have to be a best of a bad job thing

I've cracked the USA stock market, I'll have Gold as close as I can by the end of this year - until that time I can't say with confidence that this is a temp blip or end of the trend up

See how it pans out- if its coming down the 1 x 2 (RED) would be my target initially

Pink lines are Ganns 1 x 1 angle

 

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