Tag: Gold Market Speculation

  • End of the bear market in gold?

    Q: Do you use fractal geometry? Could you update us on the wave pattern recognition you’re looking for to verify the end of the bear market in gold? Do you look at volume, momentum indicators, gaps, moving averages, etc.? A: I look at all of that, but none of it is controlling. Wave pattern recognition…

  • Predicting Market Price Gaps

    Q: Do all market price gaps get filled? A: That is the tendency, yes. Q: Then that information can be useful in predicting future price action? Is this something you use to call the low in the gold market? If so, how do you use it? A: Price gaps indicate an imbalance of buy and…

  • Last leg down for Gold

    Q: Are we now in the last leg down for gold? You indicated in your blog post on February 12, 2016, that we were in the last rally but had one more down leg to go. Are we in that down leg now? A: Most likely yes. It certainly feels like it. We will know…

  • World’s Largest Gold Mining Company

    Q: I see that ABX, the world’s largest gold mining company by sales, has doubled in share price from its low four and a half months ago. What do you make of that? Have we missed the low? A: Maybe for ABX. Gold share prices do not all bottom at the same time; they never…

  • Gold Mining Shares is a Sound Strategy

    Q: We have had a significant up move in the gold mining shares since the middle of January. I remember your suggesting that for portfolio investors, dollar cost averaging into the shares was a sound strategy. Have you changed your view now? A: No, it is a sound strategy still for anyone looking to acquire…

  • Short Selling and Speculation by Arthur Fixed

    Q: I see that TSLA closed at 173.48 yesterday. That is down substantially from your short at 211 on January 15, 2016. Care to give us an update on your thinking? A: The chartist would point out that it is now clearly under a two-year distribution top pattern. To their way of thinking that pattern…

  • Holy Grail, the Fountain of Youth, and El Dorado

    Is it the search for the Holy Grail, the fountain of youth, and El Dorado? Is it the quest to turn base metals into gold? Is it a dream and an illusion? At times, I felt like I was sleepwalking. But it was real. I traded on leverage, pyramided futures and stock options, and turned…

  • Gold Market Speculation

    Q: I understand why you don’t make predictions: it is unnecessary and ineffective. You only need to know that the low for the gold market happened when it happens. And, you don’t want to divide your attention unnecessarily as that decreases the quality of your analysis. These are all very good reasons. However, you have…