Courtesy of Read the Ticker.
Many folks are dropping the ‘G’ word! But is it a good time to enter the market?
Below there are two cycles FIXED and ADAPTIVE. The fixed cycle is obvious, the adaptive cycle is formed by price action. As you can see gold is near a peak, and a swing down can be expected, how deep and far is any one guess. Supply does enter the market near upper supply lines (upper trend line) so we can expect the current quick price move to be challenged very soon!
The 297 daily cycle was found using the readtheticker.com Jim Hurst Cycle tools
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Investing Quote…
..”Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader”…
Jesse Livermore
..“How many millionaires do you know who have become wealthy by investing in savings accounts?”..
Robert G Allen
..”Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception”..
George Soros
..”The first rule is not to lose. The second rule is not to forget the first rule”
Warren Buffett
In the short run, the market is a voting machine, but in the long run it is a weighing machine.
Benjamin Graham
