AI
Wednesday, April 11, 2012 5:44:46 AM
GLD: Charles Nenner, analyst par excellence, has recommended long gold and silver after bottom mid April, or just buy it. Target 2500+ for gold, and 50+ silver.
I use cycles of 16.5/33/95 weeks, and an observable recent pattern of approx 25 weeks. The CCI for each of these has given buys in the last 2-3 days for both GLD and GLD:FXF, so it is possible the long awaited move has begun. Confirmation, IMHO, would be sustaine violation of the quarterwave TLs pertaining to these cycles, and various such TLs are shown. Basically, strength from here is the proof.
I use cycles of 16.5/33/95 weeks, and an observable recent pattern of approx 25 weeks. The CCI for each of these has given buys in the last 2-3 days for both GLD and GLD:FXF, so it is possible the long awaited move has begun. Confirmation, IMHO, would be sustaine violation of the quarterwave TLs pertaining to these cycles, and various such TLs are shown. Basically, strength from here is the proof.
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