Friday, March 09, 2012 7:25:39 AM
Bliss: I also see support in the gold/spx ratio at 1.18-1.20, which would suggest that gold is too low or spx is too high. Personally, favor view that spx is too high and gold is not low enough.
From a cyclic viewpoint, gold has IMHO a weekly set: 16.5/33/65/130 and variants of this. The 16.5/33 weeks resulted from a 10 year spot study, and I have seen 22 months mentioned elsewhere that seems present in charts and would be a multilple of the base wavelength. A top for the 130 week is in, and the next low is later this year, maybe August. The last low of major significance was 1309, but the 1530 matches some cyclic objectives. If SPX were to drop to 130, and the 1.20x holds, the 1500 gold would be right in line.
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From a cyclic viewpoint, gold has IMHO a weekly set: 16.5/33/65/130 and variants of this. The 16.5/33 weeks resulted from a 10 year spot study, and I have seen 22 months mentioned elsewhere that seems present in charts and would be a multilple of the base wavelength. A top for the 130 week is in, and the next low is later this year, maybe August. The last low of major significance was 1309, but the 1530 matches some cyclic objectives. If SPX were to drop to 130, and the 1.20x holds, the 1500 gold would be right in line.
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