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Bullish Comments On Gold – It’s All About Time Frame

Cory
March 14, 2019

Ned Schmidt, Founder of The Value View Gold Report is back and sharing some of the factors that are making him bullish for the precious metals.

Discussion
15 Comments
    Mar 14, 2019 14:37 PM

    Ned’s right and gold has been making higher lows since it bottomed in 2015 so the big picture is more trend-less than down trending.

      Mar 15, 2019 15:10 AM

      Agreed 100%. I was making that point on Jordan’s thread, that the place to start measuring from what’s the 2015 low in December at $1045.40.

      To look at lower highs in the yellow metals since the $1921 high in 2011, to establish the narrative that Gold is still in a downtrend misses the point that gold already bottom three years ago, and already started a new uptrend in 2016 starting to make higher lows.

      I also agree with Ned here that people obsessed with long-term charts are going to miss the moves and turns up and gold and will be overly cautious leaving a lot of upside on the table and positioning too late in the moves. As a result, they’ll wait longer to get in because gold will run away from them and this will be an error in Reading longer-term charts over focusing on the weekly and daily charts.

      Mar 19, 2019 19:30 AM

      This equity trading cycle will be right translated….New targets are /ES 2892-2975…WOW

    CFS
    Mar 14, 2019 14:48 PM

    The traitorous UK Prime Minister has now given Parliament the choice of a short extension of Brexit until June 30, or a longer extension of two years.

    Meanwhile the British economy suffers under uncertainty, and total lack of back-bone of leadership.
    I wish someone would remove that piece of Jellyfish that is Mrs. May.

      Mar 14, 2019 14:16 PM

      If May had accepted the EU’s offer of a free trade deal we would not be in this mess, that’s why having a remainer in charge was a disaster from the get-go. May’s deal is the worst of all worlds IMHO

    Mar 14, 2019 14:49 PM

    Fed….is not going to raise rates……

    Mar 14, 2019 14:56 PM

    Good for Ed , to call out the morons on the $900 gold…… 🙂

    Mar 14, 2019 14:59 PM

    “New environments”……ditto Ed….good comment

      Mar 14, 2019 14:01 PM

      Great comments on the charts……….I think Ed is SPOT ON….

    Mar 14, 2019 14:09 PM

    Since the writing is already on the wall, back-to-back weekly closes above the 377 week MA (currently $1,327) will probably be enough to unleash gold and send the shorts for cover. Then gold will be on its way to much higher prices…
    http://schrts.co/NFWAFbXh

    Mar 14, 2019 14:59 PM

    Comments from jsmineset
    There’s no way to stop the motion that has taken over the markets these past several years as more and more of the game gets exposed with Teresa May doing the only thing she can, obstruct and delay the vote, in order to stay in place. Everything British is now being looked at more and more as the allegations of wrong doing seems to lead directly to a certain banker group that helped create the European Banking System a few hundred years ago, and has helped immensely with the creation of our Federal Reserve Banking System as they now seem to be ready to start consolidating their holdings.

    Facebook went down harder than a DotCom yesterday, Venezuelan’s are still without power, currencies and markets are all under the control of a system in challenge, plus it seems Obama was directly involved with spying on a presidential candidate proving a massive fraud that was perpetrated, and we’re to believe Silver and Gold are Bad and the Markets Good? Riiight!! This is why we feel very comfortable staying in place with physical Silver and Gold in hand, a smile on our face, and a positive attitude no matter what is going on. The charts and the knowledge, allows us to ….

    Mar 14, 2019 14:31 PM

    Another good listen. On 5/11/2018 Ned said, “By this time next year the price of gold/silver will shock all of us.” Day of reckoning will soon be here. Hope Ned was right.

    Mar 14, 2019 14:18 PM
    Mar 14, 2019 14:09 PM

    Top US military officer says Google is helping the Chinese military

    Mar. 14, 2019 – 5:11 – Kaltbaum Capital Management President Gary Kaltbaum, FoxNews.com columnist Liz Peek, FBN’s Kristina Partsinevelos and Capitalist Pig Hedge Fund’s Jonathan Hoenig discuss how a top U.S. general said that tech giant Google “is indirectly benefiting the Chinese military.”

    https://video.foxbusiness.com/v/6014090073001/#sp=show-clips

    Mar 15, 2019 15:58 AM

    Dig into the numbers…………..
    https://www.zerohedge.com/news/2019-03-15/us-job-opening-soar-all-time-high-13-million-more-unemployed-workers
    • Quits have increased since a low in September 2009 and have surpassed prerecession levels. In January 2019, there
    were 3.5 million quits.
    Wonder why………lousy work atmosphere…..maybe……lol