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  • The majority is never right. Never, I tell you! That’s one of these lies in society that no free and intelligent man can ever help rebelling against. Who are the people that make up the biggest proportion of the population — the intelligent ones or the fools? I think we can agree it’s the fools, no matter where you go in this world, it’s the fools that form the overwhelming majority - Henrik Ibsen.

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  • Comparing the currencies is like picking the prettiest horse in the glue factory. The history of all fiat currencies shows they all end up being valueless. Gold’s nobody else’s liability and it has no counterparty risk. It’s provided protection against destruction of wealth for centuries and we’re at the cusp of another major chapter in its illustrious history.

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Gold-$

Updated  December 3,  2018 - Gold is not an investment, it's money and an Insurance. The only currency without liability and counter party risk.


[Most Recent Quotes from www.kitco.com]Gold month$ 1200 is the average marginal production cost of Gold

 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.

The gold price is likely to explode as a result of the debt crisis, combined with the impact of the negative real interest rates ruling in many major economies...certainly after the manipulation Central Bankers, Goldman Sachs and JP Morgan fails...the day is close it will and from that day on prices can double overnight!

Backwardation is a pricing phenomenon in the futures markets where the price of an asset now is higher relative to the price of that same asset in the future.

Premiums on gold coins keep rising....(Nov'18)


  Gold must take out $ 1381 to officially end the 2011 bear-correction.
Gold pf3     Bullish Target. $1480 -$2800 - $3200
   Major ONE up from $ 256 to $ 1015
    Resistance $ 1380 - $1580 - $1920    Major TWO down from $ 1015 to $ 700
    Support $ 1180
   Major THREE up from $ 700 to $ 3500
    Bearish Target  $ 1120    Major FOUR down  $ 3500 to $ 2700
 special rule PF chart     Technical Fresh Upleg    Major FIVE up $ 2500 to $ 30,000

GLD is an ETF and should not be bought as an investment. CEF (Central Fund of Canada) and PHYS (Sprott) are better short term options.

GLD pf11 GLD pftarget
Dec 3: Buy Volume Target 148
Dec 3: SCREAMING BUY
Dec 3: bullish Dec 3: buy the Diamond Aug 28: Target calculation

 


PF-target-calculation

   What we have seen so far is only the hors d’oeuvres before the arrival of the main meal. The overt suppression of the Gold and Silver price has, for the informed investor a very limited shelf life. 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 alternate to the deflationary depression which is will be WORSE than what was seen in the 1930’s and is sold each time the price of Gold is correcting, is unlimited creation of paper and electronic money throughout the Western World. The recognition of 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. 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 trying to get back in a lower level can be extremely difficult and not worth the effort. (January 2012)   


The longer a consolidation/accumulation lasts, the stronger the coming Bull/Bear run will be
once the manipulation fails.

Gold pf1

Short candle
Chart comment
Gold candle1
  • Jan 4, 2016: if GOLD doesn't initiate a new bull run NOW, I'll eat my Hat!
  • Feb 1: BULLISH SAUCER FORMATION + STRONG BUY!...
  • Oct 4-5-7: STRONG SUPPORT of 200 day Moving Average = BUY - see Short Candle - TODAY was the Jewish New Year Celebration and Chinese Holiday (Oct 4 to 7) and they did not miss the opportunity to BOMB the sector...People still don't seem to realize that this is WAR! The action resulted in an OPEN GAP...and Gaps are ALWAYS closed!
  • Nov 12 - Nov 18 - Dec 20: Buy opportunity!?
  • Jan 3, 2017: new uplegs
  • Oct 30: BUY the DIAMOND
  • Dec 18: the past 2 weeks we had a CAPITULATION and Screaming BUY
  • Dec 29 - Jan 3, 2018: let's see what 2018 brings.
  • May 24: Bollinger band squeeze points to imminent breakout of Gold.
  • June 18: Seasonal cycle bottom + smack down by Central banks = dead cat bounce!?
  • July 17 - August 2: June-July mid year cyclic low & trend reversal. The Mid-year and Yearend-CYCLES are clearly visible and marked on the Long Candles! Worst case scenario is $ 1,120
  • Aug 17 - Sep 7: Sell Climax + Bullish divergencies on short candle + heavy support on PF charts.
  • Oct 1: This is a CYCLE-BOTTOM (see Long Candle)
  • Nov 5 - Dec 2: Gold broke the 50 day MA and positively tested the breakout....next it will break the 200 day MA. Maybe after the Midterm Elections!??
Long Candle
Gold candle2

ABC correction was completed not December 18, 2011 but June 2013:  How the heck did $-Gold know this was the BLUE SUPPORT LINE and bottom of the uptrend channel and reversed course exactly after bouncing into it!?  Note the 'technical damage' widely discussed is ONLY visible on the $-Gold charts....Clear is that the bulk of analysts fail to understand the Dollar is playing dangerous games because of SWAPS and DERIVATIVES.

Gold cycles: Each bull run lasted for about  7 to 8 months and is followed by a 2 to 2 1/2 month correction. Previous correction lasted 4 months. The actual one started see long candle.  Since 2006 the Volatility of Gold is increasing and this is visible on the MACD index. The actual correction is 30% points big....same size as in 2008 after the Lehman bankruptcy. The main difference is that the 2011 correction is taking more TIME. The end of the correction was marked by the coup on April 4, 2013...and the maturing Bottom formation (May 2014).

Note that over time the CONGESTION zones ( I, II, III, IV) are larger. Larger zones point to a higher vacuum and to higher TARGETS for the price of Gold. Technically speaking, the LARGER congestion zone, the higher TARGET.

Gold cycles


This is a disconnect and a huge opportunity. Gold shares normally lead Gold during upswings...like it tries to now...unsuccessfully...click here for more


our Gold-Silver ratio tells us when to buy/Sell gold & silver

SilverGold ratio1


Fibonacci levels and cycles: Fibonacci levels are key resistance and support levels. These levels exist and can be seen all over the nature.

These are the cycles for $-Gold: Active cycle is Major THREE up to $ 3500

  • Major ONE up from $ 256 to $ 1015
  • Major TWO down from $ 1015 to $ 700
  • Major THREE 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 price will reverse. (W. Gann)”

Previous congestion zones lasted up to TWO YEARS...[click to enlarge] The larger congestion zone, the more and the longer manipulation, the higher Target!

Gold weekly congestions

  • leg 1 from $ 430 to $ 720 (September 06 to May 07) + 67% - done
  • leg 2 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 4 from $ 1300 to $ 1920 (October 2010 to August 2011) +46% - done
  • leg 5 from $ 1180 to $ 3500? (August 2016 to >>>>>>>>>???)

2011- 2014 - 2015 -2016  Gold shake out:

Gold shakeout Gold shakeout1

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 !

Gold MA


Check the Elliott Wave chart to the right with a bullish objective of $ 31,600.

 

Accumulation Constellations Fix since 1970 Elliott Wave chart
       
2018  bullish fix since 1970  march 2011

 

  • The "Weak Gold Policy" has been in place since $248 which means gold's appreciation will not be an insult to the dollar/euro by spiking to $3500 and beyond, but rather rise in an orderly fashion.
  • To have a bubble in Gold the price should soar to $5500 before year end. At this time there is absolutely NO top formation visible, nor had we an exponential exhaustion run.
  • Gold is in a secular bull market, which means dips, when they occur, must be bought. [$1080 is an ultimate buying opportunity] .
  • Are you still buying? Chinese, Mexican and Russians Central Banks continue to buy Gold.
  • We are sure it will rise to $2500 - $3500 (and higher) once the manipulation stops working.
  • Gold is traditionally bought as a hedge against inflation but also deflation risks and will rally to record levels as central banks have engaged in unorthodox monetary policies and printed money to restart growth in the wake of the 2008/09 financial crisis.
  • Large traders and investors increasingly buy DIRECT from producers (mines) shortcutting the LME and COMEX.
  • Once gold exits this range that it’s been in now for a considerable period of time, it will exit violently to the upside.  I keep saying it, but the physical market is gradually overcoming the paper market, and the paper market, in a word, is preposterous.” (May 2012)
  • The gold market, as we all know, on a day-to-day basis is totally rigged. In fact, find a market anywhere that is not bullied by some young buck who considers himself the Master of the Universe.
  • A steeper channel (acceleration) comes with higher volatility.
  • We have fractional Gold and the relationship physical Gold to paper gold is at least 500:1 [the large banks are on the short side - so don't expect these to advise you to buy gold and to take physical delivery - hope you're warned]
  • We advise to keep up to 65% of your savings in physical Gold/Silver.
  • If you have no physical Gold, you have NO money.

We 'never' experienced a weak price of Gold during a cycle of 'real negative interest rates' ! Remember that the price of Gold is not driven by a weak dollar and that we have and may see again Gold and the Dollar rise in tandem. Central bankers do not like gold because it is a monetary metal and they manage Fiat (paper money) currencies. Therefore when gold rises strongly or persistently against a currency , it is signaling that CBs are printing too much of it. The theory of Keynes that the Great Depression was due to the contraction in 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...

Copyright 2017, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic

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