Re: Charts & Comments - Long Term Models
in response to
by
posted on
Mar 29, 2014 11:14AM
Saskatchewan's SECRET Gold Mining Development.
via Realterm.de - Dax In Gold
This one model has not yet completely fallen apart. According to the long term chart of DAX in Gold, the cycle should be complete in 2015, a year from now. But that means a very strong rally in gold prices:
http://www.realterm.de/DAXinGold.php
via KingWorldNews - Negative Real Interest Rates
If interest rates are set to decline due to massive treasury bill issuance, then that means interest rates will foreseably remain below inflation. That also means that gold prices will be strongly bid, even more so should interest rates go nominal negative on short term paper.
source: KingWorldNews
via SafeHaven - Golden Ratio
If the gold bull market has a final leg coming, then it should be 150 weeks/1.618, which is 97 weeks. We have presumably seen a double bottom which took almost seven months to complete, and we are into the recovery for almost a year, so perhaps that means there is basically a year left in which to accomplish the final leg.
Since the wave format in elliot wave is a Wave One Extension, meaning all of the gains will have been made in the first wave, from 253 to 1033, the final wave should be the smallest, meaning .618X the multiple in the first wave, which is 2.52X the low set a year ago in June.
source: http://www.safehaven.com/article/33231/gold-projection-by-the-golden-ratio
-F6