9/15 is a twin CIT to 6/28/13.
6/28/13 predicted a massive rally in GOLD as in our update here on 6/19/13
Friday, 9/13/13 may have reflected the Sunday (9/15/13) CIT for lows and I alerted the subs to the same. The make or break (MOB) given was 1304 and the actual print was 1304.50 and a wild reversal which was also suggested to subscribers.
Exceeding 1334 has declared an EW bottom in GOLD at Sunday OPEN.
Expect GOLD to clear 1375+ this week in its upward march above its August 2013 Highs.
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That explains, I appreciate your quick response. Thanks very much!
Hi,
Today on 09/16 Monday, gold’s low is 1302.7 and 1307 is the current price; does that mean the breach of MOB 1304 is valid now and there won’t be 1375+ this week most likely? In another words, forget everything and gold heads lower? Thanks!
Hey Tushar:
The MOB’s are to be evaluated on a DAILY CLOSE basis as the NEURALS are based on DAILY CLOSING values.
The decline into 9/16 is encouraging (perhaps +1TD from 9/15 Sunday CIT – weekend CIT’s can transpire on Fri or Sun.
Print of 1635.5 is required to confirm GOLD bottom is in. But Cycles wise decline into 9/15 (+1TD) is encouraging. Let us see. HTH
That explains, I appreciate your quick response. Thanks very much! Good luck!
Tushar:
You are welcome!
The cycles are also GLD based so weekend CIT’s pan out on Monday CLOSE. It was the same case on 4/14-15 when I had predicted a crash cycle.
So let us see.
Sure, but even for $gold, today’s close is 1313.9 and that means we are on for the rally. One other thing I like to point is that David Bensimon’s analysis and projections make a lot of sense to me (for the upcoming inflationary environment) and today on Kitco video he elaborated that if gold can trade above 1365 in coming days then December 6 will bring 1640 with date being almost exact. Does that concur with your analysis and projections? Thanks!
In general,
– I expect GOLD to move really fast from these lows to higher highs. But I like expectations to be confirmed by Technicals
– From Cycles point of view, we simply need a higher high DAILY CLOSE above today’s CLOSE! That would confirm GOLD bottom
– On the contrary if we get a DAILY CLOSE below today’s CLOSE. I would stand aside till next sync point which is 10/3/13
I will publish targets later upon confirming GOLD bottom, but for now stick with general view of higher highs ahead