Charts & Comments
posted on
Mar 14, 2015 08:51AM
Saskatchewan's SECRET Gold Mining Development.
WTO.TO Monthly
The Wesdome gold mines monthly chart clearly demonstrates the low point in gold miners after a volatile 18-year bear market. The low came in with this stock in mid-2013, when the $CAD began its rout with oil prices. You might compare when the price low came in with CRJ.TO, which followed not too long afterwards.
via Tom's Inflation Calculator
Tom's Inflation calculator shows that the 1969 inflation-adjusted value using Shadow Stats for the $42 price fix at the time before the closing of the gold window is equivalent to ~$1154 U.S in 2014 dollars.
http://www.halfhill.com/inflation_js.html
$Gold Monthly - 21 - Month Cycle In Gold
It's been a total of 42 months in the gold price correction. Recent action says that the selloff in March has fallen yet again on the 21st month. I will assume that the Elliot wave count is correct and that this model has not been violated, with the low in the gold price remaining ~$1130.
Inflation-adjusted values will have to be completely filled out again and calculated based on 2014 dollars. This chart was filled out five years ago.
$Gold Weekly
Extending the 'Volatility Smile' concept over the whole 42-month period suggests that the peak gold price was a run-up to establish the derivative, not a parabolic blow-off as some people suggest, and that 42 months later, we are perhaps finally at the end of the contract.
- F6