Charles Nenner has been saying since January PM low will be around mid-April... since the smack down he was still saying not to buy, despite the bounce, as the cycle low hasn't happened yet.
That chart is meaningless to me - my fiat is in AUD not USD When gold was $250 at the bottom of that chart the AUD/USD rate was around 0.50c - so the bottom in AUD was more like $500... ... so what are the numbers like in AUD ????
One has to assume with such a great tool for forecasting the future prices of gold etc, the authors are incredibly rich people ?
if/when gold goes under $1,325 there will be significant selling pressure and $1,280 will be the next immediate price point
Just woke up this morning to find Gold @ $1286.10 USD and Silver $19.795. We are in the territory you identified back in April but i really think we are going to see bottom $1200 Gold soon.
fib retracement is not accurate to that degree. Go back and look at the previous low high fib retracements (04/06/08)... no perfect drop n stops there . I personally believe that market bottoms are to a certain degree irrational/chaotic just to disguise themselves. We're pretty close by my estimation FWIW.
Yes I think your number $1085 to my number $1111 could be right.....could being the meaningful word. My reasoning is that many weak and strong hands would be broken before then and many will be waiting for sub $1000. What a perfect time for a surprise!?
I see 1085 as well - but could be painfull and slow or a quick spike low I think we'll see it sooner rather than later. Im hoping within the next 3 weeks
We wen sub-1,200 $ yesterday... then I returned to this article - seems interesting with Fibonacci levels there... I thing the next possible bottom is/was somewhere in the 1,000 - 1,200 $ range. For various reasons: some levels there, but also due to production costs. Perhaps it's because of the production costs that we might halt here in this interval. We'll see if gold dives lower or... if it starts growing.
I'm back on SS after a very long break... Huge mistake on my part given the extremely valuable info on this site! I did sell a bit of gold before the other most recent sell off (the day before, by total chance). Just wondering if people on this site are still long term holders??? Best estimate of next low ....? Love to know who's buying.
