via Sharelynx - eWave

There is no possibility that this eWave Elliot Wave projection will ever be fulfilled, since the due date for $31k/oz. has come and gone. This model is totally busted. This model was built on the apprehension that all fiat currencies fail. Austrian economics has also begun to gather dust.

Mostly people do not seem to realize is that the gold bull market saw its best days in the initial climb to $1030, but that this was not a confirmation that the bull market would conform to aggressive expectations of persistent advances. The belief was that gold price advances confirmed moribund economic theory.

Self-styled 'Austrians' wearing lederhosen and a gold tie could not foresee that derivatives markets would become a determining factor in price discovery. The oompah band played a little louder, and are anxiously keeping a klezmer refrain.

http://www.sharelynx.com/chartstemp/GoldeWave.php

via Realterm - Dax In Gold

Another model I had been following is the Realterm Dax In Gold. This particular model has been updated in January and is not as far afield as eWave. The timing of the model may still be valid, though a good look at the charts will significantly temper price expectation.

The Dax had rallied spectacularily, which posed a challenge to the model, but the wave propagation was perhaps chosen correctly on the basis of a little regarded fundamental of the incremental growth of the gold supply.

http://www.realterm.de/DAXinGold.php

via AdvisorPerspectives - dshort updates

Interest rate declines in the U.S. have either been held up by a rise in the stock market Indeces, or perhaps a rise in stock market Indeces have continued their advance on the forestalling of interest rate declines.

A good, visible chart without extraordinary inflation adjustments was updated Jan. 16 on Doug Short's website. That gold prices should remain robust during a decline of both copper and oil prices reveals that the expectation of further interest rate declines vs. inflation is appropriate. Certainly if you lived in Europe or Japan, you would be seriously concerned, and this has probably buoyed gold markets through challenging times.

A gold mining revival should come with advancing gold prices, but bull markets have been over for years. You would not be betting on a reprise of the Dow, for example, but since interest rates are on the decline into the negative everywhere, the same aught to occur in the U.S.

After all, central banks have all pursued the same palliative care in the guise of promoting big 'G' growth, sacrificing ma and pa on the bond market altar, so why shouldn't the same occur in the U.S.?

http://www.advisorperspectives.com/dshort/charts/yields/perspective.html?yields/treasuries-FFR-SPX-since-1962-real.gif

- F6