Gold-$
September 12-29, 2024: Gold is not an investment; it's money and Insurance—the only currency without liability and counterparty risk.
THE BIG BREAKOUT!? (Dec '23) - A POWDER KEG? (Feb '24)
"THIS IS THE EVOLUTION OF THE FIAT-PAPER-GOLD PRICE ONLY!"
Fresh Breakout (July 6, 2021) of FIAT PAPER GOLD: $ 2,800 is the next target!
Gold price rally will power to $2,700, then $7,400
You either take physical delivery of your Gold and store it out of political reach in a VAULT, or you stay in worthless Fiat paper. If you buy gold, you MUST request physical delivery AND store it outside of political reach. If you don't, THEY will take it from you.
| Gold must take out $ 1381 to officially end the 2011 bear correction. | |||
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Bullish Target | $3,200 - $4,200 |
Major ONE is up from $ 256 to $ 1015 |
| Resistance | $ 2,480 |
Major TWO is down from $ 1015 to $ 700 | |
| Support | $ 2,280 |
Major THREE is up from $ 700 to $ 3500 | |
| Bearish Target | $ 2,080 |
Major FOUR is down $ 3500 to $ 2700 | |
| Special rule PF3 chart | Technical | Bull Run |
Major FIVE up $ 2500 to $ 30,000 |
GLD is an ETF and should not be bought as an investment.
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| Sep. 29: Bull Run |
Sep. 29: Breakout |
Sep. 29: Target $300 |
The target is $320 | Aug 28, 2017: The target calculation is $196 |
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PF2-target-calculation: green shaded! |
We only saw the Hors d’ oeuvres before the arrival of the main meal. The overt suppression of Gold and Silver prices has a minimal shelf life for the informed investor. We know better: Precious metals offer one way out. However, the Government, the Fed, and mainline media do all in their power to distort and discredit such investments. The alternative to the deflationary depression, which will be WORSE than what was seen in the 1930s and is sold each time the price of Gold is in a correction, is the unlimited creation of paper and electronic money throughout the Western World. Recognizing this by all will propel both gold and silver to new and unseen highs over the next couple of years. The banking system leverage and the derivatives will ramp things up beyond imagination. In the worst-case scenario, Gold and Silver could keep meddling for a couple of more weeks, but trying to make some extra bucks by getting out NOW and getting back at a lower level can be extremely difficult and not worth the effort. (January 2012) |
In March 2019, the "BIS" & Co's sold 2.2 Mio + 5.5 Mio = 7.7 Mio Paper Gold: the impact on the price was marginal!
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The longer a consolidation/accumulation lasts, the stronger the coming Bull/Bear run will be |
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| Short candle-pf1 |
Chart comment | |
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| Long Candle |
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Note that the congestion zones ( I, II, III, IV) are larger over time. Larger zones point to a higher vacuum and higher targets for the price of Gold. Technically speaking, the LARGER the congestion zone, the higher the target.
This is a disconnect and a huge opportunity. Gold shares usually lead Gold during upswings...click here for more. This time, however, SILVER leads (2020-2021).
Our gold-silver ratio tells us when to buy/sell gold & silver: now is the time to sell Gold and buy silver.
Fibonacci levels and cycles: Fibonacci levels are key resistance and support levels. They exist and can be seen everywhere in nature.
These are the cycles for $-Gold: Active cycle is Major THREE up to $ 3500
- Major ONE is up from $ 256 to $ 1015
- Major TWO is down from $ 1015 to $ 700
- Major THREE is up from $ 700 to $ 3500
- Major FOUR down from $ 3500 to $ 2500
- Major FIVE up from $ 2500 to $ 10,000/30,000
Gold congestion zones and subsequent bull runs: “Time is more important than price; when time is up, the price will reverse. (W. Gann)”
Previous congestion zones lasted up to TWO YEARS...[click to enlarge] The larger the congestion zone, the more and the longer the manipulation, the higher the Target!
- Leg one from $ 430 to $ 720 (September 06 to May 07) + 67% - done
- leg two from $ 700 to $ 1,000 (September 07 to April 08) +43% - done
- leg 3 from $ 950 to $ 1,300 (September 09 to October 2010) +30% - done
- leg four from $ 1300 to $ 1920 (October 2010 to August 2011) +46% - done
- leg five from $ 1180 to $ 3500? (August 2016 to >>>>>>>>>???)
2011- 2014 - 2015 -2016 Gold shake-out:
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Dead and Golden Crosses on the Moving Averages: The 64-week Moving Average is an important support and resistance level.
Note that the 64-week moving average is still BULLISH for Gold!
Check the Elliott Wave chart to the right with a bullish objective of $ 31,600.
| Accumulation | Constellations | Elliott Wave 1 | Elliott Wave 2 |
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| 2020-24: Strong Buy |
Strong Buy! |
Fibonacci | Golden section |
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We never experienced a weak price of gold during a cycle of really negative interest rates! Remember that a weak dollar does not drive the price of gold, and we may see gold and the dollar rise in tandem again. Central bankers dislike gold because it is a monetary metal and manage Fiat (paper money) currencies. Therefore, when gold rises strongly or persistently against a currency, it signals that CBs are printing too much of it. Keynes' theory that the Great Depression was due to the contraction in the money supply because of the gold standard is incorrect. The opposite is true. Few know Keynes was, in fact, a Government employee...Like John Law was an employee of the French court... |
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