Please Book Mark This Page Or Save The Email You Received This In-It Is Not Posted On Our Website!
A Review of the Bidding: The long-term structure for Gold has been bullish as I profiled. An interim Top was due in late May followed by weakness into here. Metals have been making beautiful turns Sometimes some, not all, markets follow the timing scripts. Stocks are guilty of drinking while driving. Oh well. Our precious allies are behaving perfectly irrationally. The ideal buy date is 8/27. Oh my. A Weekly low is due within a week or so of here but may have already been registered. It seems obvious if Uncertainty can ever be clearly seen.
Don’t Believe Stories: I advise against any absolute reliance on Rational thinking. Gold had been moving up for years before extreme Liquidity, ZIRP and Covid appeared. Don’t try to figure markets out. Crises come when they come and are never polite. Gold is a great trading asset. They all are. Buy some.
Long Gold Profiles: I forecast, years ago, for “Monthly Highs due in 2020 & 2021.” Gold has been a great performer for many years. It may now become more generically congestive. There is another nominal high due in 2026.
Gold Weekly: The Weekly profile was for a May high and an August low. See at the amazing response from the spike down to Key Support. It is hard to diagnose the degree of downside from here, but the timing allows, perhaps by fits and starts, into November. That timing can be massaged in future updates. There is upside from very near here
GDX Weekly: Weekly Profile from 5/24ish “Take profits and wait to buy in August.” It is August now. Metals have played second fiddle to Crypto and even Equities as assets to reside in. Where would capital really ‘flee’ if it needed to? It is all play. The Gold Stocks are very near amazing support levels.
GDX Daily: This It looks like the spike low back to key support was the nadir of profiled weakness. It has already bounced and may congest into next week.
Copper Weekly: The Red Metal has a similar and synchronous look to our precious brethren. Copper is a very bullish pattern inferring that the Reflation trade is coming back big time. This area may stay bullish even into December.
Summary: Silver weekly is shown below and fits well with the other metals. Again, Reflation is pictured here. Moreover, Pandemic Debt may become more of an issue as well. The 15-minute chart of Gold offers that the 1780 level is key. Yes, it may need more time to become explosive so we may wait on that.
Information is for paid subscribers & may not be copied or distributed. © Copyright 2021. The information contained herein was provided by Sentiment Timing and/or its publishers does not make any representation or warrant with regard hereto, including but not limited to those of accuracy, completeness, reliability, timeliness and/or infringement on the rights of third parties. This Publication expresses a view on the markets but is not intended to provide any specific recommendation to buy or sell any security. Investing is Uncertain and always carries Risk. Of Losses. Subscribers should always assess Market Risk parameters with their broker or financial adviser.
Information is for paid customers and may not be copied or distributed Copyright 2021