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GLD UPDATE

need to respect the move UP in Gold last week … was ‘hoping’ (a strategy) that we would see another leg down into the circled area to complete the multi-year triangle and then a very strong move up … watch over the coming days and especially this week. Bart

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Gold

gold completing a multi year triangle

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GOLD – time to buy for next leg up?

12/22/2016 – w/ near record pessimism for Gold it appears that another leg up (to complete a multi-month long correction from 1046) is about to begin. levels below have a LOT of math … 1.618 price projection (dashed blue line) 2.236 (square root of 5) extension .786 retracement square root target using a 3.618 Fibo […]

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Gold, an update

CONCLUSION: the 3 waves to a new low did NOT turn out to be a “B” wave w/ a big C UP to come. However, I’m still seeing Gold carving out a bottom HERE or a little lower in the coming days/weeks.  charts to follow … the C wave that did not come did show […]

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GOLD – bullish watch 1075-1076

OK, don’t shoot me … but I’m going to continue w/ the 3 waves down into a new low is in face a “B” wave and therefore the current move is wave 2 of C.  AS LONG AS THE LOW of 1073 holds then this scenario is in play … also note, in an expanded […]

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3 waves to a new “low” … don’t get fooled w/ Gold

just like were watching the 3 waves into a new high in Coffee and then lower .. same thing is appearing in Gold. take a look … a “perfect” 3 waves to a new low AFTER 3 waves to high at 1307.  My take, were getting ready to blast off in gold up to the […]

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Gold and Silver Update ….and some more of the metals

CLIFF NOTES: a case is made, below, that inflection points in the ratio of GOLD/SILVER cause big movements in the spot gold and silver prices.  Also, it appears that Gold lags.  We are at a resistance level which “might” be one of those inflection points so expect the metals to get moving NOW or SOON. […]

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Gold game plan potential

CLIFF NOTES: prior Gold work – http://bartscharts.com//?s=gold CLIFF NOTES 2: 1370 will be key to the last leg of a triangle, thrust DOWN and out of the triangle and then a BUY. CLIFF NOTES 3: note the first chart.  Again, it’s ratio analysis of GLD vs SPY.  What we are looking for is a PATTERN to […]

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Good as Gold Part 1 of 2

After the Silver post the inquiries regarding Gold have flooded in … so, in part 1 we’ll take a look at the Gold/Silver Index. The $XAU is the Philidelphia Gold/Silver Index and consists of 16 precious metal mining companies.  This index and the $BUGS are the two most watched precious metal indices in the world.  The […]

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