Mettle for Metal: I planned to publish this some days ago but was delayed due to technical issues. I suggested for years: “Entries into an ongoing Bull Mar-ket.” Indeed, Gold is bullish but, so unexciting, that it has remained invisible. Investors seem to expect Precious Metals to always be dramatic. The Metals are now Telling. Gold may actually get golden and Silver may actually go Platinum? Read on. We will look at the Monthly, Weekly and Daily price profiles.
The Precious Story: Asset behavior is always associated with Market Stories. But beware the habitual reliance on the Rational mind. Most market moves may occur without any “advertising.” One may never really “Know the Fundamen-tals,” ahead of time but they may be inferred? It may be that the unwinding of the Maha Mania in Equities, Dollar Uncertainties and Geopolitical Realities will conspire to create a compelling context for Hard Assets to attract a following.
Gold Monthly: Gold remains in a Bull Market. But it has been quizzically rangy. The 8/2018 Low had positive divergence with the prior major Low of 12/2015. My next profiled Monthly High is not due until 2021. That pattern is relatively aligned with, but does not rely on, the next expected Low in Equities. This long-term Gold profile does not promise immediate upside by any means, but it is still a clearly a defined structure whose endpoint is far in the future.
Gold and Platinum Weekly: Gold may appear to be somewhat over bought perhaps inferring a mature asset with limited upside. However, the Platinum timing often mirrors Gold movements. Platinum has made a divergent double bottom on the Weekly. This strongly infers dynamic upside potential in the Interim Trend for the entire metals complex. The Interim Trend (Weekly) is bullish into at least August.
Platinum Tells: This Platinum profile tells that all the metals are more bullish than they may appear. Platinum has formed an oversold divergent inter- I’m Low. This diagnosis infers that Silver and Gold were also ready to rally.
Gold, Silver and Platinum Daily: Metals are aligned in their Daily timing. That may be more apparent in Platinum and Silver than in Gold. The Interim Trend is bullish into this Summer. The Daily Trends are bullish for several weeks…2/18ish. What are you waiting for…a Wall? Why not Play along Long.
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Information is for paid customers and may not be copied or distributed Copyright 2019