Feb 2017 Forecast, page-274

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VVX565

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20/02/17

08:22

Post #: 22738469
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Originally posted by Newbegining ↑

I am bullish in gold.

Wave 3 is the strongest. You will want to be invested long in wave 1, 3 and 5. most and the easiest money is made in wave 3 and 5.

Both daily and weekly charts are in wave 3 in my opinion. Note too there are waves within waves. But everyone has their own thoughts on this. Sometimes you can have more then ten scenarios. So I look at other indicators and models and form a conclusion which scenario suits.

POG can go to 2000 but not this year I think. The immediate targets on the daily charts are 1344 and 1404. Most gold miners will be profitable and have huge hoards of cash building if they produce.

Weekly charts show a far higher target but I rather focus on what is before us. It will eventually get to 1600 and 2000. So many uncertainties in the world at the moment. In the near term I think we will get a correction in the markets next week which will push gold higher short term towards 1344. Analysing what happens in other asset classes and markets are also important in determining where gold goes.

I combine my Elliott wave analysis with price and timing models and also astrology to come to my conclusions so Elliott wave is one piece of a puzzle.

I think now more then ever being in is better than out. It is after all wave 3 in gold.

Gold is in a multi year bull market. I also expect a down turn in the economies for a couple of years with 2019 and 2020 particularly bad. This means gold does very well getting you beyond the 2011 high which is the end of wave 1 in the longer term charts with the end of wave 2 marked in the dec 2015 low. It took about 4 years to complete wave 2. If the analysis is right, Wave 3 will definitely take us well over wave 1 which means well beyond 2000 and this bull run will last for years in wave 3. Wave 3 is an impulsive wave which means a rapid focused move up.

That is also why there is some merit in persons talking about 5000 gold but this happens years down the track.

It has taken me about 20 years to accumulate my knowledge lots of time, money and hard work.

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Hi Newb

What are your Astrology sources, I'm keen to look into it

MOY Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Feb 2017 Forecast, page-274

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ACCC seeks Olam divestments before it can buy Namoi Cotton

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

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