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  • Squawk / Sunday at 20:19 GMT
    XAUUSD aka Gold is bullish and might have made an important low but objectively it could have been wave a of an abc pullback, can't tell...but as with gold stocks a second low might come in higher as the trend is bullish.
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    4d
    Jim Earls Jim Earls
    Gold and Silver need a little downside help from the equity markets to really get out of this funk. Same can be said for other risk...
    3d
    Johan Berntorp Johan Berntorp
    Yes, maybe they'll keep funking until then :).
  • Squawk / Sunday at 20:14 GMT
    If you have seen my GDX charts before you know these lines have been there for a while. Now note the pullback (encircled) from a confluence. A coincidence? Probably not...from time cycles the objective reasoning is telling us the most resent low should have been the first of two waves within a pullback following the December low...however, since we are in a larger bullish trend the low of the last leg lower might come in higher in price then the low of the first wave. This tape is following a bullish tune, little doubt about that.
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  • Squawk / 15 March 2017 at 7:59 GMT
    If the low in the XLE came in yesterday, which is far from confirmed the man idea is that this ETF peaked back in December but that after a longer and possibly deep correction we can look forward to a long term bull market. If the market continue lower from here and bottom out in a few days it would be immediately bullish for new highs before a resumption of the bear market...
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  • Squawk / 11 March 2017 at 7:50 GMT
    Gold/XAUUSD probably made at least a bounce low yesterday. Too much align to think it's going to continue lower at this stage. Alignments are for both a low for a strong reversal higher or an intermediate low for a consolidation followed by one more drop later on. In any case still bullish longer term. 1191 is key to the downside.
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  • 09 March
    Juhani Huopainen Juhani Huopainen
    That would be half past noon, Greenwich Mean Time.
  • Squawk / 08 March 2017 at 19:35 GMT
    Contrarian take...360 degrees about here from a price perspective...time cycles I am not so sure, but looking interesting...
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    08 March
    Johan Berntorp Johan Berntorp
    I have since long though it is destined for 9.16...if that turns out to be the case it would have been one heck of a road...
  • Squawk / 08 March 2017 at 19:33 GMT
    COFFEENYCont and a loose projection...will take some time to work this out but should be bullish longer term....
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    08 March
    Johan Berntorp Johan Berntorp
    Take note of how the price reacts to the always pre-set numbers. I am amazed every time, all the time.
  • Squawk / 05 March 2017 at 19:56 GMT
    Gold is either way you look at it bullish at large. Maybe we have a low in place and are ripe for new highs within context of the current trend. 90 degree price alignment from the peak the trend is up since December 2015! If 1262 is taken out in clear fashion 1333 should be reached in due time.
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    09 March
    Morris Morris
    The position we hold tends to influence our perspective. If I can decouple myself from that it will be a major achievement. What levels are these?
    09 March
    Johan Berntorp Johan Berntorp
    I agree with you Morris. The things I write about here is stuff I follow and find intresting.
    09 March
    Morris Morris
    Thanks Johan.