zondag 16 juli 2017

Gold Update

# Watch Gold to make a low in July / August then up. The following chart shows seasonal tendencies for Gold. The 2nd half of the year, on average, is up...


# I was looking at precious metals being the potential trade of the year. The “Trade of the Year” but there will be pullbacks. We may be delayed. I would expect Gold would find support in the $1180 area if it gets down that far...


# 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...