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- ivars replied Jun 22, 2013
OK, so silver log chart fork bottom has been reached, on June 21st, 2013: It could overshoot to the downside a bit as it did to the upside (16?) , but then selling Mania (Panic) phase joined by everyone is needed. I do not feel its here or coming, ...
- ivars replied Apr 9, 2013
It looks like metals can top at about April 15th ( may be 12th, may be 16th) then take a relatively sharp spike down until April 25th, ( final dip) then start move upwards. Based on roughly fibo converging wave sequence of GSR ( typical pattern into ...
- ivars replied Apr 6, 2013
And this one might work for gold- it could be bottom, if temporary: http://img705.imageshack.us/img705/3915/image5goldlogforkright.png
- ivars replied Apr 6, 2013
I think I had a bit wrongly adjusted beeb's downfork on silver in last post I made here. With this new one, it looks we may have had a temporary bottom ( if it does no bounce against the red fork line another time a lower level next week, it may go ...
- ivars replied Apr 5, 2013
Continuing to use beeb's original forks ( below) tells me to stay out and wait until NFP is published: 36 hours later, silver still compressed within downtrending channel on hourly chart. Pressing on the upside for last 12 hours. Obviously, NFP will ...
- ivars replied Apr 2, 2013
Right now silver is hitting a very meaningful line on a downtrend. It has stopped moves down 4 times over last 6 months. If that is broken as day ends, at close, further decline is to be expected immediately. Alternatively, it can take a breather to ...
- ivars replied Mar 24, 2013
Actually these two forks were shown to me earlier by beeb who found them long time ago. As I sort of rediscovered them by trying out trending parallels I was so happy that forgot to mention they are not mine or new So in fact they just coincide ...
- ivars replied Mar 23, 2013
It means that until May 20 for gold we may not see 30-50 USD moves, while after that its likely to happen, almost mandatory, at least for some period of time. Of course, gold can break outside the triangle earlier, just marked May 20 as the latest ...
- ivars replied Mar 23, 2013
I agree, sorry. Not right soft to edit charts a lot. There are 2 Andrews pitchforks there, red one is downtrending, blue one uptrending. While still in downtrending fork, there is a small uptrend forming- blue fork -if its right, gold shall continue ...
- ivars replied Mar 23, 2013
This could be valid for gold. Need to resolve triangle (which direction to take?) by May 20th. http://img16.imageshack.us/img16/6011/image2goldcross.png
- ivars replied Mar 22, 2013
Silver still nicely bracketed between 2 long term daily forks. Have seen them here before, I think. In principle, a small break up ( < 31) is possible anytime till mid April. After that there is a corner end of April between these 2 forks where is ...
- ivars replied Mar 22, 2013
GSR managed to turn yesterday as in one version of my predictions, and hit 50% Fibo retracement from last move up at 55. Now the question is can it sustain its downturn as in similar situations previously, in last 2 bottoms. image
- ivars replied Mar 20, 2013
Chance for GSR to turn around still remains with gold prices leading it higher yesterday, not PM price drop. Silver just has to catch up. image Silver is pushing at the upper line of the triangle that has to resolve today/tomorrow: image
- ivars replied Mar 19, 2013
Silver Into a triangle again (8 h chart. Resolution- before/on morning March 22. When banks open in Cyprus (21st?). FOMC statement +press 20th. What else? image Meager chance of turnaround in GSR still exists: image
- ivars replied Mar 18, 2013
There is a slope of last hope from a fork that somehow worked long ago. If that is breached, than down we go, i guess. image
- ivars replied Mar 15, 2013
If there is a hope for reversal for silver up, its should start showing some signs of it today: image Same conclusion from daily GSR chart- continues down with a bottom close to the end of March-may be early April (NFP). Or not... image
- ivars replied Mar 14, 2013
Bottom testing is quite relentless ( Asian trading, as of now) , so far last 4 h fork held: image Hence GSR turnaround has taken step back as well: image
- ivars replied Mar 9, 2013
Short term down with oscillations . Gold prices will start to move up when there will be increased fiscal spending - Japan, UK, EUR, USA as QE has proved inefficient both to stimulate real job growth or inflation. Real additions to USA company ...
- ivars replied Mar 9, 2013
Unemployment rate is meaningless number as it counts only those who has no job but is actively looking. If you take into account those who has stopped looking , there is practically no meaningful change since 2009- drop from 17,5% to 16%- all new ...
- ivars replied Mar 9, 2013
Long followed GSR has completed its turnaround with expected volatility, now the direction short term is set, 52,5 seems to be next target. Then it can bounce back up. image Silver has formed yesterday a new 4 h fork that shows there is now upside ...