MQP GOLD BASE CASE PART 1
FOR SERIOUS PEOPLE ONLY
Since this is "PART 1", I am obviously planning more parts to this. Because of the chart intensive nature of what I want to portray, THIS SHOULD NOT BE READ NOW (b/c it is not complete), THIS SHOULD BE READ WHEN I POST "PART 2". So if you are viewing this now and there's nothing to read, come back and READ PART 1 WHEN I POST PART 2.
Notes:
1. While I can mesh out the fundamentals of the USD, 10-year note, nominal rates, inflation, real rates, macro economics, cost of production, Rick Rule, Sprott, blah blah blah, I will not.
2. From a fundamental perspective, this is for people who have already done the research on that and is looking for technical evidence of a secular bull market in precious metals.
3. Let's start with 2 charts above.
4. The left is mostly 1970s 18-DAY BAR chart with waves of PIRL indicator.
5. PIRL is a proprietary indicator I developed. It stands for Pham Infinite Regression Layering. This version is adapted SPECIFICALLY FOR GOLD after years of testing.
6. The right chart is current day at 9-WEEK BAR.
to be continued...
Since this is "PART 1", I am obviously planning more parts to this. Because of the chart intensive nature of what I want to portray, THIS SHOULD NOT BE READ NOW (b/c it is not complete), THIS SHOULD BE READ WHEN I POST "PART 2". So if you are viewing this now and there's nothing to read, come back and READ PART 1 WHEN I POST PART 2.
Notes:
1. While I can mesh out the fundamentals of the USD, 10-year note, nominal rates, inflation, real rates, macro economics, cost of production, Rick Rule, Sprott, blah blah blah, I will not.
2. From a fundamental perspective, this is for people who have already done the research on that and is looking for technical evidence of a secular bull market in precious metals.
3. Let's start with 2 charts above.
4. The left is mostly 1970s 18-DAY BAR chart with waves of PIRL indicator.
5. PIRL is a proprietary indicator I developed. It stands for Pham Infinite Regression Layering. This version is adapted SPECIFICALLY FOR GOLD after years of testing.
6. The right chart is current day at 9-WEEK BAR.
to be continued...
تعليق:
7. This is to show where we are vs 70s bull market:
تعليق:
8. I can say this much about a compare/contrast projection:
a) all else being equal this market should go to 2025
b) we are stronger this time around
c) so the top should be (from this perspective) 10K+ in spring 2025
a) all else being equal this market should go to 2025
b) we are stronger this time around
c) so the top should be (from this perspective) 10K+ in spring 2025
تعليق:
9. Why are we stronger from this perspective?
a) see the previous lows at 1776 vs 2015?
b) the left chart dipped below the gray wave
c) and that "wave 3 of 3" ended w/o breaking the high of 1974
d) this time around we hit 2075 topping the previous high in 2011 of 1920 by 8.07%
e) and we are just getting started...
a) see the previous lows at 1776 vs 2015?
b) the left chart dipped below the gray wave
c) and that "wave 3 of 3" ended w/o breaking the high of 1974
d) this time around we hit 2075 topping the previous high in 2011 of 1920 by 8.07%
e) and we are just getting started...
تعليق:
10. Here is the SAME 2 CHARTS, BUT ZOOMED IN. 2-DAY bar vs. 1-WEEK bar.
تعليق:
11. So how do these waves work in this situation?
a) look on the left see where the top in October of 1978 is?
b) this is where THE GRAY WAVE first approaches ITS ORIGINAL SLOPE.
c) so that puts us at? 2600-2700 in July of 2022.
d) but it could come AS EARLY AS DECEMBER OF 2021.
e) WHY? b/c GRAY, RED, BLUE WAVES LOOK DIFFERENT
a) look on the left see where the top in October of 1978 is?
b) this is where THE GRAY WAVE first approaches ITS ORIGINAL SLOPE.
c) so that puts us at? 2600-2700 in July of 2022.
d) but it could come AS EARLY AS DECEMBER OF 2021.
e) WHY? b/c GRAY, RED, BLUE WAVES LOOK DIFFERENT
تعليق:
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12. THIS IS LAST CHART FOR PART 1. Elliot Wave says we are building THE SECOND 1-2 position. We are the wave 3 (gray) of leg 1 (purple).
تعليق:
Thanks for reading, see you in PART 2.