We are at the point in the paper currency cycle where for the price of Gold it is risk off, Fed management out of the way, and time for Gold to go into free-rise to start to devalue the huge debts in earnest and to balance the budget. As Gold rises in a parabola on the arithmetic chart, each leg runs higher at a more acute angle.
Jim Sinclair’s comment- “This line is no line in sand, but rather it is an event horizon that every reader should print out and paste on the wall behind their trading platform. However they will not. In the heat of emotion the gold community will be selling their children to buy gold as it over runs $4500.”
Now, we have reached the point in the cycle where Gold is in a parabolic rise on the Log Chart, as the Dollar goes through parabolic printing. In Gold’s SuperBull, the 45 degree angle climb comes off of a “tilted base or channel” which gives the rise a more vertical flare. In the next chart we can see that in the 2005/ 2006 (BLACK DOTTED LINES), Gold rose at a 45 degree angle out its then current channel on the Log Chart to double its log channel. We saw the same 45 Degree rise of Gold of of its Log Channel in the late 70’s (NEXT CHART), and we expect the similar Fractal Move today to be a 45 degree run up and out of Gold’s current Log Channel (BLUE DOTTED LINES) to double that channel, once again.
The final chart shows the Fractal similar move at this juncture in the late 70’s with Gold rising in a 45 degree angle off of its log channel base to double the log channel.
GOT GOLD? ………GOT SILVER?………..GOT GOLD AND SILVER STOCKS?
OTHER RECENT GOLDRUNNER GOLD AND SILVER ARTICLES YOU DONT WANT TO MISS
BIG PICTURE GOLD- PART 1– THE ONLY GOLD CHART THE LT INVESTOR NEEDS
BIG PICTURE GOLD- PART II– GOLD BULL PARABOLIC GROWTH
BIG PICTURE GOLD PART III- GOLD BULL LOG CHANNEL
BIG PICTURE GOLD- PART IV- SUPERBULL GOLD RIDES THE WAVES OF THE MOVING AVERAGE ENVELOPE
BIG PICTURE GOLD PART V- SUPERBULL GOLD CUP FORMATION
A much more extensive writing on Gold and Gold charts, where Gold might be going, and when; is linked, below, to Jim Sinclair’s site. You will have to scroll about half way down the page, but the article is there in its entirety.
As we go further in this series on “Big Picture Gold”, we will eventually merge our thoughts with those currently being added in my series on “Price Versus Value” in the series on “Dow Stock Crash.” I’ll post the links to Part I and Part II, below, so that you can start to become familiar with the concepts of “price versus value.”
My article on THE SILVER ROCKET is linked, below
The Gold version.
And finally, if you need a break from all of the negativity, you might want to take time out to read the following story to a younger loved one in the family.
Goldrunner maintains a subscription site that covers Gold, Silver, and the Gold and Silver Stocks that can be found at GOLDRUNNERFRACTALANALYSIS.COM Goldrunner is also starting a new and free public newsletter that will review some of the fractal work and be delivered via e-mail, called “Goldrunner’s Fractal Corner.” If you would like to receive this newsletter, you can send an e-mail to Goldrunner at [email protected]
For the moment,
Please understand that the above is just the opinion of a small fish in a large sea. None of the above is intended as investment advice, but merely an opinion of the potential of what might be. Simply put: The above is a matter of opinion and is not intended as investment advice. Information and analysis above are derived from sources and utilizing methods believed reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Comments within the text should not be construed as specific recommendations to buy or sell securities. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities. Do your own due diligence regarding personal investment decisions. In the interest of full disclosure, GOLDRUNNER is personally invested in the Precious Metals sector including various Precious Metals and other individual stocks. GOLDRUNNER reserves the right to modify or eliminate any or all positions at any point in time.