Courtesy of Read the Ticker.
Charts show us the golden brick road to high prices.
GLD Gann Angle has been working since 2016. Higher prices are expected. Who would say anything different, and why and how?
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The GLD very wide channel shows us the way.
– Conservative: Tag the 10 year rally starting in 2001 to 2019 and it forecasts $750 GLD (or $7500 USD Gold Futures) in 10 years.
– Aggressive: Tag the 5 year rally starting in 1976 to 2019 and it forecasts $750 GLD (or $7500 USD Gold Futures) in 5 years.
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GLD cycle.
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Jim Sinclair talks a gold target of $87,000 USD. This makes our target of $7,500 USD look silly.
The next 6 months should be very interesting.
Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.
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…
…“Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.”…
Jesse Livermore
..”October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”..
Mark Twain
..”It’s easier to fool people, than to convince them they have been fooled”..
Mark Twain
..”The first rule is not to lose. The second rule is not to forget the first rule”
Warren Buffett
..”it is better to have few stocks and to watch them carefully”…
Bernard Burach
