272 replies to this topic

[Snippit]

JSE, New Gold, GLD (ETF)

This daily chart suggests the Intermediate wave (3) of Primary wave [3] has now negotiated its mid-wave transition into an extension. It sees wave (1) as a leading diagonal with component wave 5 being an overshoot. It finds that a wave (3) of 1.62 (1) shares its target with a 1.62 x for the extension of Intermediate (3). This picture is looking for Primary wave [3] to be more than 2.27 of wave [1].

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

 

 

Cum morum bona vincit

 

[JR7800]

What am I missing on the gold miners shares? Surely this cannot be right?

 

If this abnormality is the new normal I don't think I want to be part of this. It is making no sense and it is f-ing up my budgets and cash-flows.

 

[Snippit]

XAU/USD Spot Gold ($US/Oz)

This bullish view of the chart of weekly spot gold modifies the wave count but still sees the recent correction as a mid-wave 3 transition to extension. The first leg of the expected extended Intermediate (3) can be seen either as a 5-wave impulsive without alternation or as an extended arrangement of impulsive patterns.

https://wavecount.bl...-gold-usoz.html

 

 

comede bibe epulare

 

[Snippit]

Ok, so gold shares up yesterday and today. It still don't really get this. Even if the Gold goes to R1mil an ounc, if the mine is closed, you get noting and most mines already took out hedge/forward cover at certain prices.

 

I still think the gold mining shares should go down massively. Just my opinion which in these markets does not make sens to me at all. I don't know what to think anymore?!?!?!

 

The loss of a few weeks production can usually be made up quite quickly if there is higher grade kept in hand for the purpose. The fundamental valuation of a mining company is based on the extent of proven reserves in the ground that are feasible to extract at a cost that is prospectively leaving good room for an ongoing  river of profit. Hedges are manageable. On the other hand punters tend to chase momentum more than fundamentals and assume that the big boys have done their homework.

[JR7800]

Morning all.

 

Gold had a flier last night but now with the shutdown in SA (including mines) what will Goldming shares do today? Up 20% or down 20%???

 

Any thoughts?

 

Ok, so gold shares up yesterday and today. It still don't really get this. Even if the Gold goes to R1mil an ounc, if the mine is closed, you get noting and most mines already took out hedge/forward cover at certain prices.

 

I still think the gold mining shares should go down massively. Just my opinion which in these markets does not make sens to me at all. I don't know what to think anymore?!?!?!

[soutie]

Yes Watson, this proves that there is a form of intelligence out there somewhere. But does it have DNA or is it artificial?

 

Watson....Love it....

Kinda leaning towards the artificial/engineered space...So lets see bud...I mean Sherloc...

 

& FTSE finished +9%....There's a lot of money out there....

Edited by soutie, 25 March 2020 - 08:52 AM.

[Snippit]

Not quite following your logic..?????    FTSE up 5.6% as I type..

 

Yes Watson, this proves that there is a form of intelligence out there somewhere. But does it have DNA or is it artificial?

[soutie]

Cyril had the witch doctor put a magic circle around the JSE. Boris also done a BRIT lockdown but no magic circle and look what happened to his FTSE.

 

Not quite following your logic..?????    FTSE up 5.6% as I type..

[Snippit]

Morning all.

 

Gold had a flier last night but now with the shutdown in SA (including mines) what will Goldming shares do today? Up 20% or down 20%???

 

Any thoughts?

 

Cyril had the witch doctor put a magic circle around the JSE. Boris also done a BRIT lockdown but no magic circle and look what happened to his FTSE.

[JR7800]

Morning all.

 

Gold had a flier last night but now with the shutdown in SA (including mines) what will Goldming shares do today? Up 20% or down 20%???

 

Any thoughts?

[Snippit]

XAU/USD Spot Gold ($US/Oz)

Update 23rd March:

This monthly chart of the spot price for gold reviews the progress of the Supercycle and questions the probability call of the previous post. The view of a mid-wave transition for the extension of Primary wave [3] is not only typical behaviour for the 3rd wave but it also resolves the lack of correlation with XAU/GBP. Accordingly it is now expected that a replication of the pattern since [2] should emerge when this transition concludes. 

 

https://wavecount.bl...ot-gold_17.html

 

The J150 index will also align with the application of the same view.

 

 

vicissitudinis conuenienter

 

[Snippit]

JSE, Gold Mining Index, J150, updated

Update 20th March:

The Bull View:
The blood mentioned in the previous post was evidently insufficient. All that is needed to dispel the rampant fear is a glimmer of hope for survival. But then the damage report will restore the desire for the surviving safe havens, bringing the completion of Primary [3]. But then the fear will return worse than before and the need for cash will drive Primary [4] almost into Primary [1] before it unexpectedly gives way to an irrefutable onset of the systemic collapse and the ultimate driver of a collapsing US Dollar.
Until Primary [5] completes and the Supercycle correction of the Dow finally bottoms out that is.

 

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

 

 

Projecting for [3] - the nearest fib ratio of (1) above (4) that will accommodate [4]=[2] is 3.62 at about 5085.
Projecting for [5] - the minimum to accommodate [5]=[1] is at about 5200. The maximum for [5] is infinite and will thereby probably require a new or different method of currency measurement.

 

 

[Snippit]

XAU/USD Spot Gold - Announcing Primary Wave [5]

 

This daily view of XAU/USD is with highest probability of announcing the commencement of Primary wave [5] on completion of which is expected the end of Cycle wave V and thereby the end of the first Supercycle for the supposedly free float of gold since 1971. Accordingly it is considered that this prospectively awesome event should become the focus of all astrology and fortune telling.

Unfortunately this pattern for XAU/USD is seen to be some months ahead of XAU/GBP, which is presently quite awkward to fathom and unavoidably distracting.

 

https://wavecount.bl...ot-gold_17.html

 

 

Servo invenire in culina

[Snippit]

XAU/USD - Spot Gold updated

Update 13th March..

The view changes as a lower low occurs. Unexpectedly too. This review sees an extension within the final leg of Intermediate (3). Also unexpected. The daily RSI can accommodate more of the same, but that would be favoring the premature arrival of Primary [4] and the 4's prefer proximity with each other. But that would not be unexpected.

 

https://wavecount.bl...pot-gold_6.html

 

 

 

bene sperandum excitarunt

 

[JR7800]

Snippit,

 

Any charts showing a possible uptrend over near term for gold. Gold came down to expected levels over last week or two.

 

I am expecting that it might make a run at the 1,700 level again in near term due to other assets classes getting hammered.

 

Nut on the other hand people might have to sell gold positions to free up cash in the near term.

 

Any opinions out there?

[Snippit]

XAU/USD - Spot Gold updated

Update 10th March

Wave 2 performs the triple zigzag. That's entertainment. Now waiting for the stimulus.

 

https://wavecount.bl...pot-gold_6.html

 

 

excitanda requiratur

 

 

 

[Snippit]

Typo..

Minor wave is 1 not (1),

https://wavecount.bl...pot-gold_6.html

 

 

[Snippit]

Snippit,

 

You still feel the target of +/- 1,625 to 1,640 is holding on the 4 hour chart?

 

Funny you should ask about that..

XAU/USD - Spot Gold updated

This 15 minute view sees Minor wave 2 of Intermediate wave (5) in progress with a target of [iv]. Minor wave (1) is seen to have extended with a now typical 5-3-5 pattern within the 3rd wave, which is Minute wave [iii] in this case. 

https://wavecount.bl...pot-gold_6.html

 

 

ire viridi et

Edited by Snippit, 09 March 2020 - 11:08 AM.

[JR7800]

Snippit,

 

You still feel the target of +/- 1,625 to 1,640 is holding on the 4 hour chart?

[JR7800]

Thanks Snippit,

 

I dont always understand the charts but I do appreciate them.