Thursday, October 27, 2016

Oct 27, 2016 - Gold ready to run?

 Substantial break above 200 day MA.  See what it did last time this happened.

3 comments:

  1. READY TO RUN....BUT ONLY UP 1214 IT'S CONFIRMED...
    WHAT DO YOU THINK..

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    Replies
    1. BET, notice the past run up was 3+ years so we need patience as it is not a short term move.

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  2. Careful the last time was secular bull market and now gold is in secular bear market. It will move higher for 2-3 years in a cyclical bull market, but do not expect rocket launch higher.
    SilentOne posted great video on Gold too, analyzing tops https://www.youtube.com/watch?v=sFmWerwLHrU
    It is a must for some one who trades gold.
    And another piece from Tony Caldaro http://www.marketoracle.co.uk/Article56316.html. It is about Crude Oil, but it applies to all commodities. Basically confirms the analysis from SilentOne and my observations that commodities are moving higher with corrective waves.

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