Special Gold Report

GOLD TIMING REPORT: by Woody Dorsey  11/22/16

TIME TO BUY METALS: Based on a confluence of Price and Timing Technologies, Precious Metals are near a unique juncture. The recent corrections have produced a severe Flush. This sets up the potential for an entry into an ongoing Bull Market or at least a trade. Moreover, the Micro Profile and micro tell for me was the trade on 11/18. I expected a low there and the heaviness and minor reversal are additional tactical bullish clues. I will now discuss the scales of these timing profiles. This is a well-defined market opportunity.

THE PRECIOUS METALS STORY: We don’t need to Know the “Fundamentals.” We need to Know what everyone else thinks they Know! Market Stories are just Stories. They reflect the Positions and Perceptions of the Market Public. Metals are extremely oversold right now and everyone “Knows” that extraordinary Dollar Strength and rapidly Rising Rates can only be Negative for them. But are those Negatives discounted? It is a Contrarian Nadir.

GOLD MONTHLY: Gold peaked in 2011 and declined for almost 5 years. The Rally from the 12/2015 Low became well-advertised at this Summers Highs. The larger Profile remains that this Rally is not over. The next important High is not due until 2018. Under that structural timing scenario Gold is, as they say, “Attractive” here. But Big Pictures may lack definition. The Weekly profile is more defined and is more compelling. This is a great trade.  Read on.

GOLD WEEKLY: I have been carefully watching this Gold Correction unfold. It is now exhibiting several key Weekly Technical and Timing tells. If there is another Rally into 2018, this may be the best Interim entry for that. The 1200 level is overt price support and the Correction has lasted 5 months. So both Time and Price are at important Weekly junctures. Key Resistance is near 1338 and will remain a hurdle.  

A PRECIOUS ALIGNMENT: It is of note that Monthly Weekly Daily and Hourly (not shown,) timing profiles may now all be aligning. We all know that nothing is certain but I have been studying this for some time. These kinds of set ups don’t happen that often. So…..

GDX WEEKLY: The Gold Stocks are going to move much more than the Metal as you know. Thus the GDX is even more oversold than the Metal itself. This fist with both a trading and an interim low being formed. Timing profiles suggest the next High in late January. 

GOLD STOCKS (GDX) DAILY: The Gold Stocks (GDX) have bottomed. There are several time projections but the most cogent one for traders is a High due 12/9-14 and also near year end. Thus from the 11/14 Low (20ish),  up to Resistance near (26ish) is a good tactical move.

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Information is for paid customers and may not be copied or distributed Copyright 2016