No need to do any BS here mate ( referring to my post ) .
Just stating facts as I see it now on the last few posts on the gold price action.I can be totally wrong about all this kindly note.
So the Hurst cycles ( 46 weeks duration ) peak date for now is Dec 4 ,2018 ( can go plus or minus a few days ) . I am very bullish on Au gold speccies, the more junk they are , the larger upsides we may see in next few months , every mum and dad has to bet their last penny by early Dec 18 on gold and silver speccies. Fair chance of this happening @Rhama@Drugo kindly note.
But the rise this time will be highly back ended, as we just had a terminal thrust out of the triangle in the downward direction in GLD and GDX, so the rule is if they rise very fast now after the downward terminal thrust we saw few days ago , the total rise upto Nov /Dec 18 will get muted. My bet is the movement will be meandering over next one month, people have to lose interest. Then you will have some parabolic upward moves in gold speccies, time frame may be Sept end /early Oct 2018.
BLK Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
