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Some long term prices for gold to watch for

December 16, 2014

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But a breach of $1123 would imply $810 Gold would trip a buy signal to $2347

Discussion
24 Comments
    Dec 16, 2014 16:55 AM

    How come you don’t talk about DNA markers? DNA markers appear at every top, and their application allows me to talk from both sides of my mouth and confuse the general public to no extent.
    DIJO(Daily incidental justification Oscillator) is a proprietary indicator that I developed that helps me understand the turns in the market. I look at various variables in the market as they setup the denominators opposing numerators with the tops that usually oppose the bottoms. They also include the DNA markers that are also present in charts that I look at. I take a swab and swipe them against the 5 4 3 2 1 stochastic numerators to validate the occurrences of the main events that have occurred in every major top from the other side of the bottom.

    Dec 16, 2014 16:14 AM
    Dec 16, 2014 16:21 AM

    Dang, gold to 810??? Can you imagine what would happen to the miners? That would be just brutal especially considering what as already happened and that gold was once over 1900 in the bull market.

    Dec 16, 2014 16:53 AM

    I believe chartster has even lower targets?

    Dec 16, 2014 16:07 AM

    Take a gander of interest rates on short term bills. There is probably no stronger fundamental for gold than negative rates:

    http://online.wsj.com/mdc/public/page/2_3020-treasury.html#treasuryB

    Dec 16, 2014 16:18 PM

    It’s been an interesting day in the markets. It looks like the next week or two will be historic.
    I think we get more telling news from Russia tonight and the Fed reaction will be historic.

    Very exciting stuff!! Been waiting for this move….

      Dec 16, 2014 16:11 PM

      Ok Mr guru chartster how long does your correction last? What does that geenie in the bottle tell ya? lol

        Dec 16, 2014 16:30 PM

        She wants to keep our stuff a secret. I’m no major Nelson

    zerohedge…………..has some important news concerning trading HALT …on ruble and dollar………………………………..j

    Dec 16, 2014 16:58 PM

    IMHO, if one believes gold secular bull market is not over… $810 should not be materialized as chart would be so damaged and bull should forget about it an move on. Rick’s target has even stricter conditions about 2 consecutive monthly close below $1123. Look at the recent volume, price could lie but not volume?

    For now Side-liners, Big Al and Cory, are giggling in peace.. congrats.

    Dec 17, 2014 17:22 AM

    After reading Rick’s article here and on goldseek, I want to say shut up if you have no idea. Don’t shock us with these meaningless numbers. Make up your mind. With extreme intervention from the central banks, you have to use common sense. With enough money they can make the price move in any trajectory they want, but they have to fail since this is against logic. When gold and silver sink to that low, they will simply disappear. You can label it with any price when it is not available. No one is going to sell to you. The market will be dead and black market will replace the manipulated market.