317 replies to this topic

[Snippit]

Gold (spot) XAU/USD

Typically, when taken from the end of the 2nd wave, the 1.618 Fib ratio of the 1st wave will target the top of the 3rd wave. In this case that target is taken as [3]' because there is no alternation between the larger pull backs of the Primary 3rd wave up to that point. The 1.618 Fib symmetry from [4]' now points to the extended top of the Primary 3rd wave. This target is also supported by the RSI and month end. 

https://wavecount.bl...pot-xauusd.html

 

 

ire brevis

 

 

[Snippit]

JSE, New Silver ETF

The New Silver ETF is seen to have a familiar count and to be in the second phase or extension of the 3rd Primary wave. The chart is generating the required clear space above [1] to accommodate Primary wave [4] (which must not enter [1]). Next turn point is at the conclusion of Intermediate wave (3). Wave (4) is expected to be a flat so as to provide alternation with the preceding (2).

https://wavecount.bl...silver-etf.html

 

 

 

patientia sit virtus

Edited by Snippit, 27 July 2020 - 01:20 PM.

[Snippit]

Gold (spot) XAU/USD Silver (spot) XAG/USD

 

 

https://wavecount.bl...pot-xauusd.html

 

Gold:

 

Silver:

 

 

 

[Snippit]

Gold (spot) XAU/USD

With the inrush of the lemmings the time has ripened. Pro is also short for prospering, most often by taking the candy from the babies. The piranhas will now strip the fattened  pig to the bone. Sorry for the lemmings but due to the nature of the jungle the truth is that history still repeats itself most each and every day. No amount of woke or coke can change this one. Maybe the piranhas can be temporarily distracted whilst the lemmings make a run for it, but its a long shot.

https://wavecount.bl...pot-xauusd.html

 

 

longo vivas tempore

 

 

 

[Snippit]

Silver spot XAG/USD

Rip van Silver fell out of bed during a seismic event and no sooner awakened from its extended coma than it got rediscovered by a dopey punter. From the gutter to stardom just like that fairy-tale story.

https://wavecount.bl...pot-xagusd.html

 

 

gravem somno

[Snippit]

JSE, Gold Mining Index, J150 Update 13th July:

 A small overshoot and away it goes.

 

 

cave montem cadentem

 

[Snippit]

What relevance have you determined from this old article that holds current perspective?

 

The illuminated advice of doing some digging before buying. But moreso the promotion of the follow on article.

Always relevant, for every swimmer too, not only for the non-swimmers. 

[Dusty Mountain]

Indeed. History has so much to offer.

 

What relevance have you determined from this old article that holds current perspective?

[Snippit]

Hi Snippit this article is dated 2017??

 

Indeed. History has so much to offer.

[Dusty Mountain]

Here's Why Sibanye Gold Plunged 34% in May 

 

https://www.fool.com...-34-in-may.aspx

 

(no paywall)

 

Hi Snippit this article is dated 2017??

[Snippit]

Here's Why Sibanye Gold Plunged 34% in May 

 

https://www.fool.com...-34-in-may.aspx

 

(no paywall)

 

 

[SB45]

Great results from PAN 

 

https://www.business...ld-price-soars/

[Snippit]

JSE, Gold Mining Index, J150

The investigation of the approach of the Primary [3] continues. Prospective targets of [3] = 2 [1] and the active (5) = (1) are indicated.

This count for [3] sees that a normal completion at [3]' existed but interprets what would normally be wave [5] as an extension of [3]. This view is adopted because a number of gold related instruments require a correlational extension for compliance with the rule for impulse waves of the 4th may not enter the 1st. The other consideration is that it is normal for the 3rd wave to be the one that extends.

The said extension has been at a higher pace than the first phase of the wave and it is already with a greater price change. The use of correlation continues.

https://jsecharts.bl...index-j150.html

 

 

cerebrum cibum

 

 

 

[Snippit]

JSE, Gold Mining Index, J150

Update 7th July:

The J150 index is assessed for arrival at Primary [3]. Minor wave 5 of Intermediate (5) is compared with the 1.618 ratio of Intermediate wave (1).

https://jsecharts.bl...index-j150.html

 

 

 

vos miremini

 

 

 

[Snippit]

Morning, Although Gold has climbed up remarkably, maybe devils advocate makes me think it will drop even temporarily to around 1730 even 1700  mark...any thoughts? Everyone very bullish on it, and looks good, but lets see..

 

The sentiment can be a good indicator but I prefer something to count on.  Or yes, thoughts are important but the best one is the thought that counts.

 

As you know, I expect another major turn point hereabouts.

 

Charts of Gold

Update 2nd July:

Most likely a lot of shorts went on gold yesterday, but the gold chart indicates that this instrument is playing its own unique tune of fake freedom as it steps up the pressure into the Primary wave [3] finale. 

This Gold futures take presents with a more visible double zigzag for 4.

 

https://wavecount.bl...of-gold-in.html

 

 

 

stulti irruitis

 

 

[Midas1]

Chart of XAU/USD, Spot Price of Gold in US Dollars

Update 29th June:

The 4th wave horizontal band is under a second wave of bullish assault. The possibilities are as confused as is normally expected for 4th wave behavior. 

https://wavecount.bl...of-gold-in.html

 

 

vincere ac vinci

 

These young musicians know what they don't want, this can help them to decide what it is that they do want. It would assist if they could decide how to become decisive..

 

 

 

Chart of XAU/USD, Spot Price of Gold in US Dollars

Update 29th June:

The 4th wave horizontal band is under a second wave of bullish assault. The possibilities are as confused as is normally expected for 4th wave behavior. 

https://wavecount.bl...of-gold-in.html

 

 

vincere ac vinci

 

These young musicians know what they don't want, this can help them to decide what it is that they do want. It would assist if they could decide how to become decisive..

 

 

Morning, Although Gold has climbed up remarkably, maybe devils advocate makes me think it will drop even temporarily to around 1730 even 1700  mark...any thoughts? Everyone very bullish on it, and looks good, but lets see..

[Snippit]

Chart of XAU/USD, Spot Price of Gold in US Dollars

Update 29th June:

The 4th wave horizontal band is under a second wave of bullish assault. The possibilities are as confused as is normally expected for 4th wave behavior. 

https://wavecount.bl...of-gold-in.html

 

 

vincere ac vinci

 

These young musicians know what they don't want, this can help them to decide what it is that they do want. It would assist if they could decide how to become decisive..

 

 

 

 

[Snippit]

JSE, GLD (ETF)

 

 

https://jsecharts.bl...se-gld-etf.html

 

 

Nunc videre potest caecorum

 

 

 

 

[Snippit]

JSE, Durban Deep, DRD

The arrival of Primary [4] is announced by the chart with the overbought RSI. The sudden refusal of CFD shorts is another indicator.

 

https://jsecharts.bl...n-deep-drd.html

 

 

 

eis dependeat in excelsis

Edited by Snippit, 25 June 2020 - 10:43 AM.

[Milo]

GLD has been more responsive.

Yes very bullish won't fight it if it goes past 1765