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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (18591)1/13/2017 6:58:58 AM
From: Fintas2 Recommendations   of 33421
 
SPEAKING OF GOLD. Yes this chart goes back to 1968.

RSI closed at the 279.8 using it's PNF of such.

It's indicators show some near term extremes which suggest some retrace. BUT this chart says UPSIDE is coming during 2017/2018/2019.

Keeping in mind I pointed out long ago GOLD was heading to 1174 off that 1923.70 back in Sept 2011.

FEW saw it. Fewer accepted it. Yet not only did 1174 get hit but so too 1045 ish.

Keep in mind it took near 3 years for my number to be hit to the DOWN. The drops came in sequences. To me that suggests just as it took a bit to come under the 1648 back then.. and then under the 1325.. under the 1220.. the 1180 so too it will take the required time to get above 1365 again.. then the 1404/1458/1566..

Yet this pattern says to me THIS time 1944 goes once the RSI turns to X's. NO not tomorrow. But it's coming just as sure as my 1174 was hit. SO downside % vs UPSIDE %? And how do you want to play it. Hard asset or with what ETF? Fintas

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7278868997020816
737990
80
449.6887 449.6887
422.2429 422.2429
396.4722 396.4722
372.2744 372.2744
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255.1323 XO2OXO84X255.1323
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186.2162 XO19O8O719186.2162
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99.2022 2899.2022
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36.2183 XOX36.2183
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23.3067 23.3067
6869717475767781828384858893969899000106091011121315
7278868997020816
737990
80
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