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Non-Tech : The Woodshed
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From: gold$10k2/25/2020 7:59:02 PM
1 Recommendation

Recommended By
3bar

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In the chart below,
you can see highs in February and August
and lows in May and November
... Thorson's 6 month cycle.

A correction of the entire 5 waves up since 2018
would likely lead gold down to one of the blue lines.
But in the past, such corrections have typically happened
after gold has peaked 20-30% above its 9emma.
In that case, a larger correction of the entire 5 waves up is possible
without seriously violating the 9emma.

Yesterday's 12% over the 9emma peak implies to me
that there will be a series of wave 5 extensions
before a correction of the whole move that began in 2018.

Using the 6-month cycle, I would expect the following:
Feb 2020... $1700... 5a
May 2020... $1550
Aug 2020... $1900... 5b
Nov 2020... $1700
Feb 2021... $2150... 5c
May 2021... $1900
Aug 2021... $2500... 5d

After that, a retrace of the entire move since 2018 (wave I)
would bring gold back to its 9emma @ $1900,
readying gold for wave III (to $4500?)

The finale (wave V to $10k?) would come after that.

As usual, this is strictly for entertainment purposes. <g>

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