zondag 2 juli 2017

Gold Update

# Gold most often starts a Primary cycle with a nominal 6 week sub-cycle. Gold is currently 38 td’s along and appears to have just put in a nominal 6 week cycle trough. I was looking for Gold to start a move up into the 2nd nominal 6 week cycle. There are at least 2 aspect during July that would indicate a change in trend for Gold.
# We want to see a 6 week cycle trough and then a move up. If we continue down Gold may be falling into a longer term cycle, the 34 / 17 month cycle. For now I’m waiting to confirm a 6 week cycle trough...


# I am looking at precious metals being the potential trade of the year. The “Trade of the Year” but there will be pullbacks. We do not want to start a slide into the 17 /34 month cycle or our outlook will change dramatically.
# The next chart is a longer term monthly chart showing the 7.4 year cycle in Gold. They are the red vertical lines. Note that the 7.4 year cycle put in a low in late 2015. We are now in a pull back but we are early in the 7.4 year cycle which should be bullish in the long term...