Jnug to Gold "Crash next week"

30 ביוני 2017

I know I have been reading a lot about the big move in gold. And everyone has been biased bullish except for a few. I am more beaish today than I was last week. The time for the big move is next week in my opinion. I hate having to wait like this but the markets are on their own schedule. So the reason that I am into the bear camp, aside from the fact that we got rejected a few weeks ago from the false breakout like I knew we would, is that the 50 DMA is looking like it will cross the 100 DMA next July 5th or 6th. That cross means something. And the big money will show everyone what that means. This dump will be fast and swift and Miners will get taken down with it. I am of the opinion that miners will make lowers lows than last May and even get lower than last December. I really think Jnug could get down to the $8.15 range before we get a bounce.
The second reason that I am bearish for the big move is that we have not competed an Intermediate cycle low. And we are way past due. There is no more time left for this to have another daily cycle. SO this is where the cycle analysis helps and guides me. As you will soon see, when I am right about this, you will not rely on just Elliot Wave or on any other single thing. You have to include cycles. If you ignore cycles then you ignore nature. Cycles happen whether we like it or not. And nature seems to find a way to put us in our place.

1 ביולי 2017

הערה

Someone asked for my long term wave count for gold. So I am posting it again below. This is the weekly chart. I am not about to say that I can pinpoint a date for a bottom, but I still don't think we have bottomed. Since the 2011 highs, I and others have been able to count 5 waves down. For me, that 5 waves down is simply an "A" corrective wave from the last bull market. The "B" wave up was the 2016 rally and not the start of a new bull market. If you zoom out, you can see that it looks like a zig zag "B" wave. And I think we are in the "C" wave now.
How can people say we are in a new gold bull when we have not been able to break out of the down channel?! It just doesn't make sense. Be careful what you listen to on the internet. These guys are trying to be the first to call bull market so they can claim they are the best so you pay them money. I do this for free. I do this so that I can make money on my trades and maybe others can benefit as well. No subscriptions. No nothing. So these are my opinions to the best of my ability. GL