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Friday, March 29, 2024

Gold Cycle Update

Courtesy of Read the Ticker.

gold-cycle-updateUsing our Jim Hurst Cycle tools we can find major cycle bottoms in a time series.



Time series do cycle, and multiple times cycles find major bottoms. A gold cycle bottom is hear or very near. Simply a price bounce is due.





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Gold Cycle




NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



..“In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be.  The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices break through the limit in either direction.”..



Jesse Livermore





..“It is much harder to sell stocks correctly than to buy them correctly.” Because of the emotional aspect of trading, if a “stock went up, the average investor would hold because he wants more gains – he’s exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even – he’s hoping against hope”..



Bernard Baruch





..”If past history was all there was to the game, the richest people would be librarians”..



Warren Buffett





..”Until an hour before the Devil fell, God thought him beautiful in Heaven”..



Arthur Miller, “The Crucible”

 [Contrarian Investing]











..“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”…



Paul Samuelson







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