• 743 days Will The ECB Continue To Hike Rates?
  • 744 days Forbes: Aramco Remains Largest Company In The Middle East
  • 745 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,145 days Could Crypto Overtake Traditional Investment?
  • 1,150 days Americans Still Quitting Jobs At Record Pace
  • 1,152 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,155 days Is The Dollar Too Strong?
  • 1,155 days Big Tech Disappoints Investors on Earnings Calls
  • 1,156 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,158 days China Is Quietly Trying To Distance Itself From Russia
  • 1,158 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,162 days Crypto Investors Won Big In 2021
  • 1,162 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,163 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,165 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,166 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,169 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,170 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,170 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,172 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

Gold

In my September Commentaries I explained my expectation for no final low in gold prior 10/28/13. Based on "intervals of equidistance" (similar to cycles) I was confident that late October would see a turning point in gold and simply extrapolated the fact that because previous convergences of the two intervals (40 and 60-day) had always pointed to lows, 10/28/13 would see a low as well. It didn't... but it did mark a turning point in gold.

The decision of whether to expect a high or a low could have been made using the work of George Lindsay. A descending Middle Section is found in February/March of this year. Point E can be identified on 2/26/13 and counts 122 calendar days to the low on 6/28/13. Using a low (6/28/13) as the turning point always points to a high. The intra-day high on 10/29/13 was 123 days beyond the turning point.

Next week, I'll make a forecast for the low of the post 10/29/13 decline. See if you can identify a Middle Section forecast in the meantime. Hint: to forecast a low, the turning point must be a high.

Gold Chart
Larger Image

Try a "sneak-peek" (trial subscription) at Seattle Technical Advisors.com

 

Back to homepage

Leave a comment

Leave a comment