Just as long as it doesn't have anything to do with Rahm Emanuel's plans, I'm OK with it!
Gary,what about yearly cicle low in Gold and corection that we are waiting to hapen together with the stock market?Is that 1322,possible to be a yearly cycle low as well,or yearly cycle low is not nessesery to be under 1322 ?Thank you!Ivan
If this turns out to be the intermediate cycle low then it will also be the yearly cycle low.
I understand.Looks very easy if we start the trip from here.Anyway,I would rather see test of 20 MA and then charp decline towards 1300.
Gary,Once we broke 1320 is it mandatory that we must test 50 % of the move at 1290?
Not mandatory but probably likely
I believe if it will test 1290 will be tommorow with the GDP numbers and then we are going up. I check last summer we had the same strange situation. Dolar was falling and Gold was falling at the same time. But that was just the first part of the move .Second one was -Gold was going up and Dolar keep falling.:)
Toby, We got a new low on gold today but no new lows on the HUI as well as silver. So some non confirmations here... I think one more spike low and then we put in a low. Based on your cycle work, does this sound accurate? You had speculated that the low gets put in somewhere in early February. This puts us at about 5 to 10 tradiny days away. Is this how you expect this to play out? I hope so!
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