Watch out for my posts on Goldtent TA Paradise!

I have just joined a site called:

Goldtent TA Paradise
FOR PRECIOUS METALS TECHNICAL ANALYSIS ENTHUSIASTS

http://goldtadise.com/

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:
http://plunger.goldtadise.com/

Phase III : Bear Market Models:
http://goldtadise.com/?p=342366

The Three Phases of a Bear Market…The Big Picture:
http://goldtadise.com/?p=342329

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.

http://rambus1.com/wp-content/uploads/2015/03/xjy-day1.png

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.