Dorsey Gold Report: by Woody Dorsey.
The Gold: My profile for “Summer Strength,” occurred. Okay, but what is the very long term structure for Gold? This historic rally isn’t over yet but the degree of recent froth and my interim profile suggests it is now time to let it rest. Don’t Believe Stories: I advise against relying on Rational thinking. After all, Gold has been moving up for years before extreme Liquidity, near zero interest rates and Covid appeared. The cycles and they have had me bullish for years well before any ”News.” So, don’t try to figure this market out. Crises are never polite. I said, a Catharsis is yet to come. No one realized what up was. As we see, Gold can also go Down. This is a great trading asset, as they all are.
Gold Quarterly: As forecast, for years, “Monthly Highs due in 2020 & 2021.” Quarterly History portrayed below shows the acceleration this year. However once Gold moved to new highs, the profile changed. When a market does this, a potential upside vacuum appears. Anything can happen on the upside! This may become even more of an historic move. The next nominal high is due in (Get the exact date in our latest gold report-for only $29.99-Get it NOW). Obviously there will be twists and turns before we get there.
We are so confident in our gold projection, IF GOLD DOESN’T MAKE A 5% MOVE within the next 3 months, YOU CAN GET A FULL REFUND!
Here Is What Happened With Gold Since Woody’s Call In August
Gold Monthly: Forecast, for years: “Monthly Highs are due in 2020 & 2021.” Indeed, the first one already happened. The other was due to provide: “Strength this Summer.” The next nominal high is due in (Get the exact date in our latest gold report-for only $29.99-Get it NOW). However there are nuances which suggest that the upside into there will be far from any straight line. Still, the long term trend is still up.
We are so confident in our gold projection, IF GOLD DOESN’T MAKE A 5% MOVE within the next 3 months, YOU CAN GET A FULL REFUND!
Gold Weekly: The Weekly chart shows an acceleration of trend. I said last month that Gold was overbought. But noted: “Overbought markets can stay more overbought than anyone believes. So, Gold may have another dramatic move up.” It sure did. Again as I had allowed all Summer, the interim weekly high was due in Mid-August. Here we are. I would respect today’s overt reversal.
We are so confident in our gold projection, IF GOLD DOESN’T MAKE A 5% MOVE within the next 3 months, YOU CAN GET A FULL REFUND!
Gold Daily: The Daily chart had been showing acceleration, until today. I wrote this last weekend, knowing we were close to but not at an extreme. Next trading high is due near 8-09-20. The GDX seems the most vulnerable.
Gold Summary: This historic move will last for some time. The Quarterly offers huge gains into (Get the exact date in our latest gold report-for only $29.99-Get it NOW). . The Monthly offers strength into Q2 (Get the exact date in our latest gold report-for only $29.99-Get it NOW). The pandemic environment encompasses all of financial culture. Pandemic Debt may become more than secular. These pandemics are never really bullish for equities.
We are so confident in our gold projection, IF GOLD DOESN’T MAKE A 5% MOVE within the next 3 months, YOU CAN GET A FULL REFUND!
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