Comments on: Eery echoes of my past http://blog.fintelligence.net/2009/01/25/eery-echoes-of-my-past/ Gold, silver and macroeconomics in the short-term and long-term for aggressive traders Tue, 07 Feb 2012 04:42:42 +0000 http://wordpress.org/?v=2.2.1 By: Philinje http://blog.fintelligence.net/2009/01/25/eery-echoes-of-my-past/#comment-30 Philinje Sun, 25 Jan 2009 06:27:36 +0000 http://blog.fintelligence.net/2009/01/25/eery-echoes-of-my-past/#comment-30 Just to clarify, I now count Delta as part of fundamentals. There are two short-term turning dates, one for gold and one for the HUI gold stocks, that converge on 2/12. Shortly after that, a medium turning point, which is more significant than a daily turning point, occurs in March. That medium point is a #1, which happens at the beginning of that cycle, and is currently a low. Big moves can happen on either side of a #1 turning point. It is possible for a #1 or #2 turning point to invert or flip from low to high or vice versa, but other factors seem to indicate this one won't invert and it will remain a low. So March to April could be an extremely good time to go long. The road will be bumpy but there is a lot of potential upside into early next year. Just to clarify, I now count Delta as part of fundamentals. There are two short-term turning dates, one for gold and one for the HUI gold stocks, that converge on 2/12. Shortly after that, a medium turning point, which is more significant than a daily turning point, occurs in March. That medium point is a #1, which happens at the beginning of that cycle, and is currently a low. Big moves can happen on either side of a #1 turning point. It is possible for a #1 or #2 turning point to invert or flip from low to high or vice versa, but other factors seem to indicate this one won’t invert and it will remain a low.

So March to April could be an extremely good time to go long. The road will be bumpy but there is a lot of potential upside into early next year.

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