Wednesday, 29 July 2015

Watch out for my posts on Goldtent TA Paradise!

I have just joined a site called:

Goldtent TA Paradise

and I would thoroughly recommend it.

I can see as a newbie on this site that there is a great deal of interesting material. I shall be posting a few of my modest missives there.

Right now I am trying to digest "Plunger's" bear market models:

Plunger's pages:

Phase III : Bear Market Models:

The Three Phases of a Bear Market…The Big Picture:

They seem to me to suggest a dramatic move down in gold imminently (i.e. the second half of 2015) into the $800s on past form of other bear markets. Some major stocks have broken down quite spectacularly on a similar timeframe (Barrick and Yamana are two good examples).

I also note that the Yen had another flag formation after its breakdown late in 2014 and this also broke down.

It doesn't look like the Yen bear market has ended.

Gold is positioned right where the Yen chart was last September (2014), just before the plunge into a new lower trading range. 

The next few weeks are going to be very telling for the precious metals.

1 comment:

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