Gold Baffled gold bugs just cannot explain why with the world in such a crappy state and wars aborning all over the place and WW3 possible ignited by some idiot sleep-walking us into WW3, then why the heck has the safe-haven GOLD not already rocketed to 50k? Not a single goldbug can explain this. But they keep saying it will go to 50k or 100k and whatnot but they just get paralyzed when asked, "then why the heck has gold been crashing in the face of all this geopolitical strife?" This is where TA shines. I myself can offer the DEFLATIONARY point of view in that Deflation will take over once this inflation bout is over. But that too might be full of bs. THE ONLY THING THAT IS NOT bs but instead the total truth, the whole truth and nothing but the truth is The Gold chart. She tells it like it is. Follow HER and her only. FA will get you killed and besides that, FA is too voluminous and requres toomuch stuff to keep abreat of on a daily and worse still hourly basis. Who cares how much gold the indians are hoarding. THE GOLD CHART shows me the footprint of all the players collectively all in one glance. There is only one other competitor to the one glance Gold, namely a Geisha. These dolls have the unique ability to stop any man dead in his tracks with a single GLANCE Then of coruse there is this even more confusing factor that truly bothers the goldbugs ............ how can paper money the US Dollar outclass Gold aka realmoney in such a humiliating manner? Anwer: No explanation reqd. Just follow the chart. Nothing else counts in this life except what the chart says. TA is the love of my Life. God bless her! Even if I go broke and bust and end in the gutter it will not change the voluptuous beauty of TA. If I fail its me the practitioner who is full of sh*t, not TA. TA was born without ORiginal Sin. How beautiful is TA? I mean really, how beautiful? Like so! Enjoy one of Ennio Morricone's best pieces
Good man. GDX ........... at 61.8% golden ratio = strong support + Trendline breaking? good divergence. C-wave down underway with a wave 2 rally attempt underway GDX & GDXU
This is where EWT shines - excellent Research Imagine superimposing the BEATLES on the monthly Dow Jones.
Thread is about current BEAR market, a Bear or a Bull. But what is shown in the picture above is the entire 5-wave sequence of the existence and duration of the BEATLES bullrun and which BEAR market in the Dow Jones nailed them to the cross. Of course it had to be during a C-Wave Best work done by Prechter, EVER. At the low of wave 4 circled, Ringo Starr comes on board and George Martin climbs aboard. Right on time for the 5th wave rocket launch Best cure for the fellas who lost loads of money following EWI market timing calls is this one