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J150 GLD

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#61 Snippit

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Posted 30 January 2020 - 03:33 PM

Be Advised, Your Adviser cannot read charts.

 

https://swrict.blogs...urce-funds.html

 

A quick scan at the fundsdata site will show where the performance is and is not. The future is typically a rose-coloured guess for those in the advisory "industry".
Resources are supposed to be getting hit by the virus lockdown in China. However, lower prices will encourage stockpiling, so maybe the hit will be a gentle pat. The affected amount of the related market is a minimal portion at this stage.
 
resource%2Bfunds.png
 

The Old Mutual Gold Fund has benefited as expected from the arrival and progress of Primary wave [3]. (see chart below). However, it is no longer included on the fundsdata site.

Tables of data are very useful. Charts of price are the most informative if you can read them.

Financial advisers cannot read charts because they have no idea and would fear they might get it wrong. The advisory industry norms are to look backwards and try to figure what happened, then listen to others who guessed right about what to do once or twice. Clunk Clonk. And they expect a nice monthly fee for doing this about once per year, if that, even if they are totally wrong.

This chart of the Gold Fund is in tune with the Gold Miners Index. It shows how extreme the volatility is in this sector and for the wave counting people it tells where we are probably going. The up legs tend to be more predictable.
If Primary wave [3] is to be typical at 1.62 of Primary [1] then it should be extending the Intermediate wave (3). Hence the tentative labels for (3) and (4).
Observation on a regular basis is essential. Not once a year. You either want to benefit from the exercise or else you are being careless. Being careless in volatile markets will cost you big time.
 

OMGold%2B300120.png

Most fund operators will have a charting tool on their website. That is where the above chart was created. If they don't then I am displeased. The individual does not want to be made to subscribe to some 3rd party service in order to obtain the chart facility. Especially not when they will be paying a pile of fees for all the gambles they will have to take and for which they get very little in return.


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  4. Vultures circle hereabouts. Give control and say goodbye. Learning links: http://swrict.blogsp...ader-links.html

 

 


#62 JR7800

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Posted 30 January 2020 - 02:49 PM

Milo,

 

No worry. I agree with your thoughts of gold at 1600 level. I am hoping for a bit higher to maybe 1620.

 

I make own decisions based on own ideas and research and will never ever say I invested anything based on what anyone said. If you do that, you are going to regret that dearly, but that is just my own humble opinion. I think anyone who wants to invest in anything must use other peoples ideas, opinions or thoughts as a way to gauge your own idea.

 

Thanks for your inputs.


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#63 Milo

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Posted 30 January 2020 - 02:34 PM

Milo,

 

So are you saying we must dip our biscuits in to them Gold shares now? 

 

I am already long in AngloGold Ashanti and are considering increasing my position.

 

I am not saying anything. I just think it will go up in the short to 1600. Good luck with whatever you decide.


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#64 JR7800

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Posted 30 January 2020 - 12:17 PM

Milo,

 

So are you saying we must dip our biscuits in to them Gold shares now? 

 

I am already long in AngloGold Ashanti and are considering increasing my position.


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#65 Milo

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Posted 30 January 2020 - 11:00 AM

Cup and handle forming on 4 hour chart. Virus scare helping gold at the moment


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#66 JR7800

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Posted 30 January 2020 - 09:25 AM

Snippit

 

Much appreciated.


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#67 Snippit

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Posted 30 January 2020 - 09:20 AM

Snippit,

 

Sorry to bother you but I still struggle to interpret the charts and comments on the charts.

 

From what I see on the Gold spot chart below is that all thing being equal it seems that Gold trading within this channel might go back to test the upper band at roughly 1590 to 1600 again in the near term based on the 30min chart?

 

Is this interpretation even close or am I seeing what I want to see?

 

Any comments will be greatly appreciated.

 

It presented as highly probable and so far it is correct. The wave structures will give further pointers as they develop. 

The upper channel has the probably to become resistance for the corrective bounce and then be breached as Intermediate (5) targets typical equality with (1).

 

Some gen:  http://stocata.org/ta_en/elliott2.html


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"To set unfamiliar people up for a fall is not really very honest, its just old-fashioned criminal"

  1. Sign here: https://www.5gspaceappeal.org/about/  Read this: Watson - Just another corrupt ANC beneficiary 
  2. Trusting strangers on an anonymous chat forum can be a risky business. Even more risky than the stock market.
  3. I have tried to warn the vulnerable, being those without adequate savvy: e.g.: https://swrict.blogspot.com/2018/11/sharechat-warning.html
  4. Vultures circle hereabouts. Give control and say goodbye. Learning links: http://swrict.blogsp...ader-links.html

 

 


#68 JR7800

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Posted 30 January 2020 - 08:37 AM

Snippit,

 

Sorry to bother you but I still struggle to interpret the charts and comments on the charts.

 

From what I see on the Gold spot chart below is that all thing being equal it seems that Gold trading within this channel might go back to test the upper band at roughly 1590 to 1600 again in the near term based on the 30min chart?

 

Is this interpretation even close or am I seeing what I want to see?

 

Any comments will be greatly appreciated.


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#69 Snippit

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Posted 29 January 2020 - 06:27 AM

Gold Spot - XAU/USD Updated
This 30 minute chart for January 2020 finds a channel within the prospective Minor wave 4 of Intermediate (5).

https://wavecount.bl.../xauusd_13.html

 

xauusd-30-290120.png

 

cave omasi cepe et

 


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"To set unfamiliar people up for a fall is not really very honest, its just old-fashioned criminal"

  1. Sign here: https://www.5gspaceappeal.org/about/  Read this: Watson - Just another corrupt ANC beneficiary 
  2. Trusting strangers on an anonymous chat forum can be a risky business. Even more risky than the stock market.
  3. I have tried to warn the vulnerable, being those without adequate savvy: e.g.: https://swrict.blogspot.com/2018/11/sharechat-warning.html
  4. Vultures circle hereabouts. Give control and say goodbye. Learning links: http://swrict.blogsp...ader-links.html

 

 


#70 Snippit

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Posted 27 January 2020 - 09:59 AM

JSE, Durban Roodepoort Deep, DRD

DRD is moving towards the midpoint of  Primary wave [3] and makes an excellent case for now entering Minor wave 3 of Intermediate wave (3) where I look for it to confirm that it has completed a minimal Minor wave 2 at 913 cents within a matter of moments.

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

 

drd-d-270120.png


Edited by Snippit, 27 January 2020 - 10:01 AM.

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"To set unfamiliar people up for a fall is not really very honest, its just old-fashioned criminal"

  1. Sign here: https://www.5gspaceappeal.org/about/  Read this: Watson - Just another corrupt ANC beneficiary 
  2. Trusting strangers on an anonymous chat forum can be a risky business. Even more risky than the stock market.
  3. I have tried to warn the vulnerable, being those without adequate savvy: e.g.: https://swrict.blogspot.com/2018/11/sharechat-warning.html
  4. Vultures circle hereabouts. Give control and say goodbye. Learning links: http://swrict.blogsp...ader-links.html

 

 


#71 Snippit

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Posted 17 January 2020 - 01:04 PM

Gold Spot - XAU/USD
Update 16th Jan 2020:
Here is the chart without the extension of Primary wave [2]. It requires a less common interpretation of Intermediate wave (1) but otherwise has some good qualities about it. Most obvious is the Fib ratio for Intermediate (3) of [3] to Intermediate (1) at exactly 1.62. Typical projections: [3] = 1650; [4] = 1450; [5] = 1785

xauusd-d-160120.png

 

 

iactare ossium

 

 


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"To set unfamiliar people up for a fall is not really very honest, its just old-fashioned criminal"

  1. Sign here: https://www.5gspaceappeal.org/about/  Read this: Watson - Just another corrupt ANC beneficiary 
  2. Trusting strangers on an anonymous chat forum can be a risky business. Even more risky than the stock market.
  3. I have tried to warn the vulnerable, being those without adequate savvy: e.g.: https://swrict.blogspot.com/2018/11/sharechat-warning.html
  4. Vultures circle hereabouts. Give control and say goodbye. Learning links: http://swrict.blogsp...ader-links.html

 

 


#72 Snippit

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Posted 17 January 2020 - 10:54 AM

JSE, Gold Mining Index, J150, Updated

Update 17th Jan:
The more obvious has to be the preferred take. The bias towards Primary [3] being a typical ratio of Primary [1] favours extensions. With this take the expectation is that Intermediate wave (5) will be extended.

 

j150-d-170120.png


Edited by Snippit, 17 January 2020 - 10:54 AM.

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"To set unfamiliar people up for a fall is not really very honest, its just old-fashioned criminal"

  1. Sign here: https://www.5gspaceappeal.org/about/  Read this: Watson - Just another corrupt ANC beneficiary 
  2. Trusting strangers on an anonymous chat forum can be a risky business. Even more risky than the stock market.
  3. I have tried to warn the vulnerable, being those without adequate savvy: e.g.: https://swrict.blogspot.com/2018/11/sharechat-warning.html
  4. Vultures circle hereabouts. Give control and say goodbye. Learning links: http://swrict.blogsp...ader-links.html

 

 


#73 Snippit

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Posted 16 January 2020 - 01:47 PM

These daily charts of the JSE Gold Mining Index (J150) show the development of Primary wave [3]

 

https://jsecharts.bl...old-mining.html

 

 

 

 

j150-d-160120z.png
 
wave%2Btable.png

 

opifices otiosi  libera exitium omnium


Edited by Snippit, 16 January 2020 - 01:52 PM.

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"To set unfamiliar people up for a fall is not really very honest, its just old-fashioned criminal"

  1. Sign here: https://www.5gspaceappeal.org/about/  Read this: Watson - Just another corrupt ANC beneficiary 
  2. Trusting strangers on an anonymous chat forum can be a risky business. Even more risky than the stock market.
  3. I have tried to warn the vulnerable, being those without adequate savvy: e.g.: https://swrict.blogspot.com/2018/11/sharechat-warning.html
  4. Vultures circle hereabouts. Give control and say goodbye. Learning links: http://swrict.blogsp...ader-links.html

 

 


#74 Snippit

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Posted 13 January 2020 - 07:43 AM

XAU/USD

This daily view of XAU/USD finds the second extension of Intermediate wave (3) of Primary wave [3] of Cycle V to be at a replication point and showing a similar pattern to that of the (2)-(3)' leg. 

https://wavecount.bl.../xauusd_13.html

 

xauusd-d-130120.jpg

 

cave fallacum hominum

 

stagflation.jpg


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"To set unfamiliar people up for a fall is not really very honest, its just old-fashioned criminal"

  1. Sign here: https://www.5gspaceappeal.org/about/  Read this: Watson - Just another corrupt ANC beneficiary 
  2. Trusting strangers on an anonymous chat forum can be a risky business. Even more risky than the stock market.
  3. I have tried to warn the vulnerable, being those without adequate savvy: e.g.: https://swrict.blogspot.com/2018/11/sharechat-warning.html
  4. Vultures circle hereabouts. Give control and say goodbye. Learning links: http://swrict.blogsp...ader-links.html

 

 


#75 Midas1

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Posted 09 January 2020 - 04:20 PM

Cheers have sgl now had buy set low and was lucky, although made up lot pgm, looking strong
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#76 Midas1

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Posted 09 January 2020 - 04:18 PM

Cheers have sgl now had buy set low and was lucky, although made up lot pgm, looking strong
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#77 Snippit

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Posted 09 January 2020 - 09:57 AM

XAU/GBP (w/ update)

 

The daily view is seen to be dealing with Minor wave 2 of Intermediate wave (5). The retrace ratio of 0.618 is typical, but wave 2 can retrace wave 1 by any amount not greater than wave 1.

 

https://wavecount.bl.../01/xaugbp.html

 

xaugbp-d-090120.png

 

nullum imperium in homines


Edited by Snippit, 09 January 2020 - 10:01 AM.

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"To set unfamiliar people up for a fall is not really very honest, its just old-fashioned criminal"

  1. Sign here: https://www.5gspaceappeal.org/about/  Read this: Watson - Just another corrupt ANC beneficiary 
  2. Trusting strangers on an anonymous chat forum can be a risky business. Even more risky than the stock market.
  3. I have tried to warn the vulnerable, being those without adequate savvy: e.g.: https://swrict.blogspot.com/2018/11/sharechat-warning.html
  4. Vultures circle hereabouts. Give control and say goodbye. Learning links: http://swrict.blogsp...ader-links.html

 

 


#78 Snippit

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Posted 09 January 2020 - 07:35 AM

XAU/GBP (w/ update)
 
This weekly view of XAU/GBP also shows the bear count that would see Cycle IV extending. There are many followers of this viewpoint. My view remains bullish because IV was the Cycle end point for resources in general which are not in agreement. From the monthly chart below it can be seen that the point [C] is already above the top of Cycle III which is hardly bearish. Also I doubt that the uncertainty in the markets will now commence to fade. However, I shall bear it in mind. 
Within Primary wave [3] it is shown that Intermediate wave (3) exceeded the typical ratio of 1.62 of Intermediate wave (1).    A daily view to follow.

 

 

https://wavecount.bl.../01/xaugbp.html

 

xaugbp-w-090120.png

 

reducam enim conversionem meis imperium

 
 
The purpose of sharing this is to encourage broader interest with the application of the Elliott Wave theory. 
The standard version of the theory applies.
 
wave%2Btable.png

 


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"To set unfamiliar people up for a fall is not really very honest, its just old-fashioned criminal"

  1. Sign here: https://www.5gspaceappeal.org/about/  Read this: Watson - Just another corrupt ANC beneficiary 
  2. Trusting strangers on an anonymous chat forum can be a risky business. Even more risky than the stock market.
  3. I have tried to warn the vulnerable, being those without adequate savvy: e.g.: https://swrict.blogspot.com/2018/11/sharechat-warning.html
  4. Vultures circle hereabouts. Give control and say goodbye. Learning links: http://swrict.blogsp...ader-links.html

 

 


#79 Midas1

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Posted 08 January 2020 - 09:47 AM

Out my gold allready, sold at open...
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#80 Midas1

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Posted 08 January 2020 - 08:26 AM

🤣
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