Sunday, November 27, 2016 5:14:45 PM
Seems like my attention is compelled to turn these days to spot Gold and Silver, as well as the ongoing pullback in miners.
While the post election S+P 500 has surged to new highs, the Cartel smashed down the metals at the same time. So it looks like the same manipulation game continues. while the gold bug analysts keep saying ..."they Cant do this Forever..." But they Have been doing it for the last 6 years. They pushed it UP too far in 2010-2011 and then 5 years smashing to the bottom in December 2015/January 2016.
There are many things to see in the charts, and different tools to use,provide some different ways to look at it . But to start with one simple to use tool,and see what it does on the chart. I think its also time now to step way back and look at the big picture. Starting with Gold.
I want to see from the 2011 Peak at the 1923,and the whole topping zone complex, which includes the peak at 1800 in 2012.
and the tools to start with just in this illustration ,I'll show what the Fibonacci retrace and Fibonacci Arcs do on the chart.
and here it is.
Striking.Startling and Amazing to see this picture alone !?!
What does it say about the Fibonacci tools.
You cant find better TA tools than this,when it shows you Bulls eye target points after a wave structure that took 5 years to develop.
I don't know how it works, except that Fibonacci math is a sacred mathematics. and the geometry,its sacred geometry. All of natures structure is composed of Fibonacci mathematics.
This is just the first draw of the chart...you can refine the placement to sharpen the focus. (click to enlarge)
From the 2008 bottom to the 2011 top zone, there are 3 topping points that I connected to start the measurement. the obvious one at the 1923, then the secondary peak at 1800 (1798) and also the top Fibonacci peak around 1600 (1588) just to see where th arcs go and the Fibonacci retrace tool started from the obvious bottom at 681, to the 1923 top. The first amazing thing is to see the retrace targets ,the 38% target is at 1380 area, right where the 2016 rally stopped. Now comes the pullback . there are many more points to measure from wave portions, to refine the analysis. but this first start , from bottom to top and top to bottom,immediately shows a target zone around 1380 to watch out for. now the ongoing pullback has a target around 1155 area. Finding the key points on the chart from where to start drawing and connecting the points,the Fibonacci tools actually do it on their own and show you where to place the points, it shows you where the key points are,and how they all interconnect. from one to the other,.
While it has to be seen as a top the price peaking at 1923, the other tops,at 1800 is equally important, and the point where the 50ma and 20 ma Failed and the downwave began, That's the point of 1600/1588 on the chart. so I also draw from that point as well. Interesting vision develops. simply by using these 2 Fibonacci tools.
While the post election S+P 500 has surged to new highs, the Cartel smashed down the metals at the same time. So it looks like the same manipulation game continues. while the gold bug analysts keep saying ..."they Cant do this Forever..." But they Have been doing it for the last 6 years. They pushed it UP too far in 2010-2011 and then 5 years smashing to the bottom in December 2015/January 2016.
There are many things to see in the charts, and different tools to use,provide some different ways to look at it . But to start with one simple to use tool,and see what it does on the chart. I think its also time now to step way back and look at the big picture. Starting with Gold.
I want to see from the 2011 Peak at the 1923,and the whole topping zone complex, which includes the peak at 1800 in 2012.
and the tools to start with just in this illustration ,I'll show what the Fibonacci retrace and Fibonacci Arcs do on the chart.
and here it is.
Striking.Startling and Amazing to see this picture alone !?!
What does it say about the Fibonacci tools.
You cant find better TA tools than this,when it shows you Bulls eye target points after a wave structure that took 5 years to develop.
I don't know how it works, except that Fibonacci math is a sacred mathematics. and the geometry,its sacred geometry. All of natures structure is composed of Fibonacci mathematics.
This is just the first draw of the chart...you can refine the placement to sharpen the focus. (click to enlarge)
From the 2008 bottom to the 2011 top zone, there are 3 topping points that I connected to start the measurement. the obvious one at the 1923, then the secondary peak at 1800 (1798) and also the top Fibonacci peak around 1600 (1588) just to see where th arcs go and the Fibonacci retrace tool started from the obvious bottom at 681, to the 1923 top. The first amazing thing is to see the retrace targets ,the 38% target is at 1380 area, right where the 2016 rally stopped. Now comes the pullback . there are many more points to measure from wave portions, to refine the analysis. but this first start , from bottom to top and top to bottom,immediately shows a target zone around 1380 to watch out for. now the ongoing pullback has a target around 1155 area. Finding the key points on the chart from where to start drawing and connecting the points,the Fibonacci tools actually do it on their own and show you where to place the points, it shows you where the key points are,and how they all interconnect. from one to the other,.
While it has to be seen as a top the price peaking at 1923, the other tops,at 1800 is equally important, and the point where the 50ma and 20 ma Failed and the downwave began, That's the point of 1600/1588 on the chart. so I also draw from that point as well. Interesting vision develops. simply by using these 2 Fibonacci tools.
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