MOY (ASX) Feb 2017 Forecast

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.

Expand

Hi Newb

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

ARD

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

EQR

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

IMD

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

VTM

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

WNX

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

M2R

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

SVL

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

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

Bitcoin: Current State of Play & Where to Next | Swyftx

Emerald & Azure score Digger & Dealer awards

Featured News

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

Top Stories

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

Bitcoin: Current State of Play & Where to Next | Swyftx

Emerald & Azure score Digger & Dealer awards

Featured News