• 20 hours Bitcoin Lives Up To Its Safe Haven Status In A Big Way
  • 24 hours 14 Million People Will Lose Unemployment Benefits On December 31st
  • 3 days Why 12 Million American Millionaires Isn’t Good News
  • 4 days Big Oil Is Paying The Price For Investing In Renewables
  • 5 days The Banking Industry’s $35 Billion Gravy Train Could Disappear
  • 6 days Did Amazon Just Democratize Prescription Drugs?
  • 7 days The Private Space Race Just Got Very Real
  • 9 days Short Sellers Are Willing Big In This Turbulent Market
  • 10 days SpaceX Gets Go-Ahead To Send Humans Into Space
  • 11 days Saudi Arabia Lost $27 Billion In Oil Crash
  • 12 days China’s Big Tech Takes A Hit As Regulators Crack Down
  • 13 days Black Friday Could Be Retailers’ Only Hope
  • 14 days Why You Should Not Dump Your Stay At Home Stocks Just Yet
  • 15 days The Real Reason Why Uber And Lyft Stocks Have Soared Nearly 50%
  • 17 days Bitcoin Heads Towards $16,000 And No One’s Cashing In
  • 18 days Elon Musk’s $250 Tesla Tequila Is Already Sold Out
  • 19 days Will The San Francisco Wealth Tax Spark An Exodus Of The Rich?
  • 20 days The Fin-Tech IPO Of The Century Just Got Crushed
  • 21 days UK Bookies Report Largest-Ever Political Bet Ahead Of Election Results
  • 22 days Better Safe Than Sorry: 5 Alternative Investment Plays
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

Gold Charts

Toilet Paper Only, No ZIM Dollars

All early trend break outs get a test, and when that happens we just have to wait for the results.

CAUTION: Charts below are gold in USD.

If the test fails, well that could be another story. One could suspect a move higher in early 2017.

Channel challenge...

Gold Trust Weekly Chart

SMA SQUEEZE...

Gold Trust Weekly SMA Squeeze Chart

Cycle bottom

Gold Trust Cycle Bottom Daily Chart

In short, charts may help with timing but they dont matter when you know that there are several TRILLION DOLLAR debt bombs around the world that could blow up at any time. If gold falls below $1000 USD then that is a life time BUY, and a steal.

A few trillion dollar debt bombs that the Central bankers would struggle with:

- Emerging market debt (inc China)
- US Student and car loan debt
- Derivatives (interest rate swaps)
- Corporate credit
- Europe Bond market
- US Treasury Bond market
- Japan's bond market

Investing Quote...

"Frequent requests are made for the name of someone who will teach the Art of Tape Reading. I do not know of anyone able to read the tape with profit who is willing to become an instructor. The reason is very simple. Profits from the tape far exceed anything that might be earned by charging tuition fees to his students. Its simple economics." ~ Richard D Wyckoff

"The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell." ~ John Templeton

"The four most dangerous words in investing are 'This time it's different'." ~ John Templeton

"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong." ~ Bernard Baruch

"A market is the combined behavior of thousands of people responding to information, misinformation and whim." ~ Kenneth Chang

 

Back to homepage

Leave a comment

Leave a comment