The next 6 months should be very interesting…
submitted by readtheticker
Charts show us the golden brick road to high prices.
GLD Gann Angle has been working since 2016. Higher prices are expected. Who would say anything different, and why and how?
The GLD very wide channel shows us the way.
– Conservative: Tag the 10 year rally starting in 2001 to 2019 and it forecasts $750 GLD (or $7500 USD Gold Futures) in 10 years.
– Aggressive: Tag the 5 year rally starting in 1976 to 2019 and it forecasts $750 GLD (or $7500 USD Gold Futures) in 5 years.
Jim Sinclair talks a gold target of $87,000 USD. This makes our target of $7,500 USD look silly.
Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our RTT Plus membership.
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
..”At long as a stock is acting right, and the market is right, do not be in a hurry to take profits”..
Jesse Livermore Trading Rule
..“I buy on the assumption they could close the market the next day and not reopen it for five years” and “Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.”..
..”The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.”..
..The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell”..
…“To me, the ‘tape’ is the final arbiter of any investment decision. I have a cardinal rule: Never fight the tape!”…