Fantastic 'super moon' total lunar eclipse last night.

I enjoyed the fantastic 'super moon' total lunar eclipse last night. It was the best one I had ever seen. It was a very long drawn out affair, not as exciting as a total solar eclipse but to me much better than any partial solar eclipse, even a 99% one. I got to see it from the comfort of my own home too!

I had a bit of a photo-fest! Mostly manual exposures on a tripod with a long zoom lens. I also took some camcorder videos but they were a bit grainy.

Equipment:

Camera Canon EOS 1200D entry-level DSLR + 75-300 zoom lens.

Camcorder: Canon Legria HF R57 on program or low light settings but with manual exposure control and focus (mostly).

Velbon and Slik mini-tripods.

All photos (c) me 2015.

$1240+ might suffice as potential to end the gold bear trend.

I am thinking that maybe a move in gold to $1240+ might suffice as potential to end its bear trend at least for a cyclical bull market run:

Dow gaps down through its megaphone top line

The Dow has gapped down through its megaphone top line:

My target for the Dow would then be first to go to 5500 then to 1850. If Dow:Gold ratio goes to 1:1 again, which I don’t think it will for years, I think it will most likely be somewhere near the $1800-2000 level.

This perhaps shows the megaphone structure is in play and it has a target around 5500, about a 2/3 decline. On a log chart the bearish target of a breakdown of this megaphone would be another 2/3 decline below the lower blue line to around 1850.

THE NO-WIN FOR GOLDBUGS WOULD BE:
In terms of gold, I wouldn’t rule out a secular bear market until the 2030s. You could have gold at $1850 and Dow at 1850 with no new high for gold. That would be as bad as it could get for goldbugs – to have Dow:Gold at 1:1 and gold still in a bear market!