Isn't it true that the sentiment for the USD vis-a-vis gold and silver was at an opposite extreme? Am attaching a chart of what I think is likely to happen to gold and silver, i.e. the highest probability move in case the dollar has made a wave B/wave 2 bottom. Everyone pls note that this is what the markets might do with the highest probability, not to say there aren't alternate counts, but they have less chance of occurence. I could be wrong, but the glass could also be half full. Happy trading every1. I hope santa brings in the bucks for all of us elliotticians.
6 comments:
This is very appealing to the long term bear. I think this adds a key fundamental backing to the bear outlook. Take a look and take from it what you want... I'm not a buyer.
http://absolute-investments.blogspot.com/2009/12/historical-s-pe-ratio-vs-historical.html
Excellent Robert.....sometimes the hardest things to read are that bcos not many can catch them. Keep up the good work!
This is a great post.
I was just thinking about looking for a Silver Long set up but sadly I can't get my hands on silver charts.
Thanks alot for this work mate, nicely done.
Where do you think we could be looking for Silver to retrace?
Yeah, this is a good post. I sure hope it works out, the sheer amount of gold bugs out are going to put up a fight. I can't wait till gold is under 700 and us Ellioticians are the only buyers around.
Hahaha, that would be a great great day!
My problem is that I am in the UK and can't get my hands on Gold in terms of GBP!
Is there ANY chance you could do a post looking at gold and silver in terms of GBP?
This is a big ask, and hopefully I will be able to get the data for them somewhere.
Many thanks
Max, since u r really keen (to me it looks like u'd do anything to get ur hands on them...hahaha....just kiddin), i will post them tomorrow after analysing them.
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