Many folks are dropping the 'G' word! But is it a good time to enter the market?
Below there are two cycles FIXED and ADAPTIVE. The fixed cycle is obvious, the adaptive cycle is formed by price action. As you can see gold is near a peak, and a swing down can be expected, how deep and far is any one guess. Supply does enter the market near upper supply lines (upper trend line) so we can expect the current quick price move to be challenged very soon!
The 297 daily cycle was found using the readtheticker.com Jim Hurst Cycle tools.
"It cost me millions to learn that another dangerous enemy to a trader is his susceptibility to the urgings of a magnetic personality when plausibly expressed by a brilliant mind." ~ Jesse Livermore
"Investing should be like watching paint dry or watching grass grow. If you want excitement...go to Las Vegas." ~ Paul Samuelson
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." ~ Nobel Laureate for Economics Paul Samuelson
"It' not what you own that will send you bust but what you owe." ~ Anon
"If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks." ~ John (Jack) Bogle