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Gold Passes A Major Milestone -

[goldeagle1]

Gold Passes A Major Milestone - 
by Tyler Durden 
Jul 30, 2016 4:28 PM 

Gold Now in a Sustained, Structural Bull Market; On Average, History 
Suggests ~175% Incremental Upside - 

The last time we discussed gold on the site was a few weeks back in 
this post; therein we suggested a break-down in USDZAR was at hand and 
that should history hold, it would help propel and/or coincide with 
additional upside in the metal. 

However, the above was merely a tactical, nearer-term call. 

Strategically, it’s been even longer since we updated our longer-term 
framework for gold. 
In fact, it’s been three months since we did that in this post. 
In that May piece we suggested the metal continued to track favorably 
vs. our bullish expectations, but in the near-term it faced a major 
test having rallied nearly +25% off its Dec-15 low, a historical 
demarcation point whereby cyclical retracement rallies were either 
snuffed out with a resumption of a secular bear beginning afresh, or, 
the same moves continued higher, indicative of a new secular bull 
being underway. 


Where do we now stand vs. that +25% demarcation point? 

As of month-end today, gold is up over 27% from its Dec-15 lows. 

This a major milestone – any time gold has managed a move of at least 
25% off a major low, it has continued higher every single time with 
incremental gains ranging from 21%-412%, with the average totaling 
175%. 

In the chart below I’ve used the vertical, dotted green lines to show 
any month where gold closed at least 25% off a major low for the first 
time; the bright green annotations show the incremental upside for the 
metal until another major peak was put in place following these 
signals; 
the red annotations show that gold’s two major head-fake rallies off 
noteworthy lows – those being the 1993 and initial 1999 lows – 
never managed to get to +25% off those lows, stalling out just 
below +24% and +17%, respectively. 

 

https://www.zerohedge.com/news/2016-07-30/gold-passes-major-milestone 

Chinas plan to shock the world... 

https://r.search.yahoo.com/_ylt=A86.J5EzFpVXKGEARRInnIlQ;_ylu=X3oDMTByb2lvbXVuBGNvbG8DZ3ExBHBvcwMxBHZ0aWQDBHNlYwNzcg--/RV=2/RE=1469417140/RO=10/RU=http%3a%2f%2fkingworldnews.com%2fchinas-plan-b-is-about-to-shock-the-world-and-the-gold-market%2f/RK=0/RS=60oW33yWY2qu.FbxadaHTHwg360- 

Negative Rates to Take Gold to Heights Never Before Seen in History of Mankind (VIDEO) - 
by Don Coxe:- 

https://www.youtube.com/watch?v=BC3xyD0HIHM 

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=124160597 

I make the trend to be my friend - 
next 6 mon would be about $0.60 + - ) 
by the trend bull performance - 

In my opinion - 

Once again gold is out of favor, even hated, in the mainstream media and investment world. 

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=123902660 

Potentially Sending Gold Prices Haywire - 
To as much as $14,454 per Ounce (Or More) - 

call it “G-Day.” 

https://research.agorafinancial.com/research/html/rgs_pennygold_0516/?code=ERGSS638&n=RGS_pennygold_0516&email=rbalc%40yahoo.com&a=13&o=38810&s=42543&u=1630580&l=218984&r=MC2&vid=FQl-8u&g=0&ver=8 

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=124109136 


 
https://www.kitconet.com/images/live/au0001wb.gif 


Gold & Silver is the only REAL Legal Tender - 
by The Founding Fathers for your - 
Rights, Liberty and Freedom - 

https://www.biblebelievers.org.au/monie.htm 

- God Bless -