Balancing AI Forecasting With Other Factors In The Gold Market
Founder of Vanaurum Kevin Vecmanus joins me today to share the trend forecasts his AI system is projecting for gold, silver and GDX. Since Kevin’s system is designed to project prices 21 trading days out we discus the possibility of short term counter moves and why it is important to look at the big picture as well as the charts.
Click download link to listen on this device: Download Show
Click here to visit Kevin’s website for more information on his system. It is very interesting to me.
Trump should make Jim Willie Sec. of Treasury.
This is a good sign……..Large Radio going BR…….
https://www.zerohedge.com/news/2018-03-15/iheart-media-files-bankruptcy-hoping-wipe-out-10-billion-debt
Soon will be the sports teams………
Dow has a bullish pennant on the daily chart. Guess which way it breaks out.
Gold–heading into the daily cycle low (DCL) and should hit a low some time between now and first week of April. I expect the 200 dma to hold. The miners–it’s anyone’s guess, but in the next few weeks they can take them anywhere they want on the downside. If GDX busts $20, I think it could easily get to $18 before a bounce of some sort out of the DCL. It’s really anyone’s guess. I would love for the miners to positively diverge into the lows, but that is nothing but hopium. Same with $silver. I could see sub $16 being achieved easily.
This analysis seems more reasonable and grounded than prior posting and is pretty good analysis spanky.
I think we have to at least entertain the gold:silver ratio spiking to its all time highs around 100 at this point. The daily and weekly chart is as bullish as bullish can be.
A gold Gold:Silver in the high 80’s would be pretty extreme, so I don’t see 100 as likely. Maybe the low 90’s but even that would be waaaaay over stretched.
There is an enormous h&s on the $HUI daily chart. The trendline begins on the low on May 4, 2017 and connects perfectly with each subsequent low. The h&S is fully formed and we are literally right at the neckline today.
A strong break below the neckline ultimately projects to about 120. Yikes. Dream big.
Morris Hubber’s double bottom is about to turn into grannie’s udders.
Latest Ron Paul/ Nicholas Taleb:
oops. Nassim Taleb
Latest Jim Willie:
https://www.youtube.com/watch?v=YukSlnBpVE4