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#Gold Hold & Stay Strong.
A thread.
The two main drivers of #Gold are real yields and M2 money supply.
I want to show you some major bigger cycles, blended in with Elliot Waves and Money Supply.
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A thread.
The two main drivers of #Gold are real yields and M2 money supply.
I want to show you some major bigger cycles, blended in with Elliot Waves and Money Supply.
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Look at the 8 year #gold cycle showing a very clear picture.
Our framework suggests 1 or 2major upwaves in #gold cycle, before a retrace
This top would coincidence with an important stock market top, which also asks for a final blow-off
An event driven by M2 money printing
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Our framework suggests 1 or 2major upwaves in #gold cycle, before a retrace
This top would coincidence with an important stock market top, which also asks for a final blow-off
An event driven by M2 money printing
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The next gold peak suggests to be important.
Important equals parabolic.
Enforced by EW. (Gold will make a 5 while Silver will make a violent 3 since it bottomed only March 2020)
It's takes a long time and can continue.
Fact is #silver is trading higher as Sept 24
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Important equals parabolic.
Enforced by EW. (Gold will make a 5 while Silver will make a violent 3 since it bottomed only March 2020)
It's takes a long time and can continue.
Fact is #silver is trading higher as Sept 24
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At some point this will turn into a long, relentless trending upmove, different from the current environment.
Early profit takers will get punished while we transition INTO violent bull.
Let’s look at M2
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Early profit takers will get punished while we transition INTO violent bull.
Let’s look at M2
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M2 is starting to accelerate again after a hell of a ride from March to July, when the #gold price exploded.
From August to November this slowed down.
We know M2 will go hard the coming months.
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From August to November this slowed down.
We know M2 will go hard the coming months.
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Let’s study the #gold chart devided by the M2 money supply
In full bull mode, #gold starts to frontrun this ratio
We have some very interesting developments here.
First, we are at very strong support... and M2 will run harder coming months
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In full bull mode, #gold starts to frontrun this ratio
We have some very interesting developments here.
First, we are at very strong support... and M2 will run harder coming months
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Next, while the Gold/M2 made an undercut this last week, Gold itself made a higher low.
Interesting divergence, smells.
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Interesting divergence, smells.
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We had a same strong divergence back in 2007
Now wait: this was the last advance BEFORE the drop into th e 8y cycle low.
Which has been coming like clockwork
Here is the setup of 2007:
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Now wait: this was the last advance BEFORE the drop into th e 8y cycle low.
Which has been coming like clockwork
Here is the setup of 2007:
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This converges with $GDX and $SLV reaching both all time highs in the next 6-12 months, and after that they start working on a handle
A correction after a parabolic wave, (dollar relief rally + stock market correction) Timeframe: start in the next 9-12 months.
the GDX handle
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A correction after a parabolic wave, (dollar relief rally + stock market correction) Timeframe: start in the next 9-12 months.
the GDX handle
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If we apply something similar here, we get $2850 gold by October (depending on where this consolidation ends), with a halfway correction pattern
(so 2 intermediate cycles advancing)
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(so 2 intermediate cycles advancing)
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The #gold to M2 ratio is exact the same start level here as back then.
Now we all know M2 is starting to accelerate at a very fast pace here under the Biden administration.
i saw assumptions going into many many trillions.
Gold/M2:
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Now we all know M2 is starting to accelerate at a very fast pace here under the Biden administration.
i saw assumptions going into many many trillions.
Gold/M2:
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We can use history as a guide, but it’s the clear the biggest risk is to the Upside.
By showing a clear support and path my message is clear
Sit this consolidation until it triggers to the upside.
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By showing a clear support and path my message is clear
Sit this consolidation until it triggers to the upside.
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Don’t for get that $GDXJ chart.
It’s a trade you get once or twice in your lifetime in the metals.
a breakout above a 7y base. backtesting. what happens after isa generational trade
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It’s a trade you get once or twice in your lifetime in the metals.
a breakout above a 7y base. backtesting. what happens after isa generational trade
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Or that Barrick Gold miner compared to Gold metal chart.
Miners have never been this cheap in history.
Stay strong! We aberely started.
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Miners have never been this cheap in history.
Stay strong! We aberely started.
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