"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 1 min U.S.-China Trade War “On Hold”
  • 2 hours Experts vs Investors: Who Has It Right?
  • 4 hours The Wild World Of Celebrity Endorsed ICOs
  • 20 hours The Five Most Important Market Indicators
  • 2 days Ethereum Blockchain Tops Bitcoin's In Latest Study
  • 3 days Is Gold Only For Long-Term Investors?
  • 3 days Record Refinancing Points At Next Big Housing Bubble
  • 3 days Bitcoin Forks Explained
  • 3 days PayPal’s Latest Acquisition Has Competitors On Edge
  • 3 days The Royal Wedding Could Bring Billions Into The UK
  • 3 days Goldman’s Crypto Trading Desk Is Just The Beginning
  • 4 days The Five Most Important Blockchain Trends In 2018
  • 4 days Walmart’s E-Commerce Rebound Fails To Boost Stock Price
  • 4 days Japan Threatens U.S. With $400M In Tariffs
  • 4 days Are Markets Showing Signs of A Topping Pattern?
  • 4 days Goldman: Tesla May Need To Raise $10B By 2020
  • 4 days The ‘Wolf of Wall Street’ Is A Multi-Million-Dollar Deadbeat
  • 4 days The Key Takeaways From Blockchain's Biggest Week
  • 5 days Senate Votes To Protect Net Neutrality, But What’s Next?
  • 5 days 3 Tech Stocks With Real Upside
Are Markets Showing Signs of A Topping Pattern?

Are Markets Showing Signs of A Topping Pattern?

The U.S. stock market indexes…

The Five Most Important Market Indicators

The Five Most Important Market Indicators

Stock markets can be overwhelming…

Gold

Seasonally, (since 1970) November has been the third best month of the year for gold. Despite that track record I wouldn't get too bullish yet about Friday's (full moon inspired) $27.30 rally.

Friday's intra-day low at 1,132.90 was probably close enough to my price target of 1,126 to call the price decline over for now but gold's Coppock Curve has reached a low which has forecast lows in gold for the last year but not without a positive divergence forming first. Another reason to expect some base building before a tradable rally begins is that my bandwidth indicator confirmed last week's decline and halted its advance with Friday's rally. Any further rally in gold this week will likely be followed by a test of Thursday's low.

Short-term trading cycles point to a low near late Nov/early Dec followed by a rally into a February high at the soonest.

GOLD Chart
Larger Image


Get your copy of the November Lindsay Report at SeattleTA.

 

Back to homepage

Leave a comment

Leave a comment