How high can #gold run during this next intermediate cycle?
my current target stands at $2440 by May
targets are not exit points: the combination of a lot of signals/ratio's are. we adapt along the way
(1) https://twitter.com/TheLastDegree/status/1344758813082181633
my current target stands at $2440 by May
targets are not exit points: the combination of a lot of signals/ratio's are. we adapt along the way
(1) https://twitter.com/TheLastDegree/status/1344758813082181633
an 38% is fairly high for a 6month cycle
averages are 20.6% to 48.6%
the average is 30% = equal to $2300
(2)
averages are 20.6% to 48.6%
the average is 30% = equal to $2300
(2)
however look at the very LT chart posted yesterday
we just had a breakout above a new high, after a multiyear bear market and advance phase
the last 5months, we backtested the breakout from this base (the red dot)
(3)
we just had a breakout above a new high, after a multiyear bear market and advance phase
the last 5months, we backtested the breakout from this base (the red dot)
(3)
now it becomes interesting. Let's zoom in to the 2005-2009 frame with 2 rising phases before the 8y cycle low.
after the long (red) consolidation, we got a furious wave 5 of 3, leading to a 75% (!) advance
a similar advance would put #gold at 3080 this year
(4)
after the long (red) consolidation, we got a furious wave 5 of 3, leading to a 75% (!) advance
a similar advance would put #gold at 3080 this year
(4)
the sequel is as interesting.
as I expect the long consolidation, here showed with 2 intermediate cycles, to occur second half of 2021
for then the 2nd phase = the final wave 5 towards the 8y cycle top to occur in 2023
during this blue phase i intend to sleep
(5-end)
as I expect the long consolidation, here showed with 2 intermediate cycles, to occur second half of 2021
for then the 2nd phase = the final wave 5 towards the 8y cycle top to occur in 2023
during this blue phase i intend to sleep
(5-end)
(bonus series part 1) the blue consolidation is for the freaks very interesting to analyze upfront
let's look deeper.
the parabola retraced 0.5 into a cycle low (the blue dot)
so floor level for miners was WAY higher also after the bust
let's look deeper.
the parabola retraced 0.5 into a cycle low (the blue dot)
so floor level for miners was WAY higher also after the bust