RE:RE:Gold Demand Shock ComingThis drop in gold was called about 3 weeks ago on May 8th.
See here:
https://www.stockhouse.com/companies/bullboard/t.dng/dynacor-gold-mines-inc?postid=22537022
Specifically, here's what I said:
========================================
On the 4h gold chart posted above, you'll see a green Gartley (point D 786 retrace) that had a target price (to go short at) of $1317. Gold came up to $1315. Fibonacci is the one smart guy! These patterns are really just another great way of doing Fib analysis. For EW, wave B might've been done at $1315, and if C down is currently in progress, and if wave C=A, the target is around $1250ish, and if wave C = 1.618A, then the target is around $1215ish.
========================================
I was expecting the drop to come last week, but the triangle put in 2 extra waves to prolong the consolidation, and the drop came today. I've been in HGD.to since early last week.
As of now, I'm looking for a 5 wave impulse down to possibly 1200-1215 area.
Based on cycles, TA, and EW, my best guesstimate is that we'll find a very good bottom (in miners/gold) sometime in mid june, and then we may be in for a rip roaring rise in many of the miners I track, in what I think might be a wave 3 up (with the pre-condition that last dec/jan lows does not get taken out). I think this up move may last a few months toward then end of this year, likely nov/dec time.
Waiting patiently. =) GLTA.