Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Beware the Ides of March

IMG Auteur
Published : February 04th, 2013
319 words - Reading time : 0 - 1 minutes
( 1 vote, 4/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

Updated from the January 2013 Trigger$ Edition


Wondering when this delusional rally will end? Where is the top and when will it be in?

There is one technical topping tool that has proven very effective in answering this question with a fair degree of accuracy. It is the application of the uncommonly used Fibonacci Ellipse.

In last month's Trigger$ we predicted the January rally within what we believed to be the controlling Fibonacci Ellipse. Now we need to view what that Fibonacci Ellipses is telling us regarding what is ahead.

We are very close to a short term top, but we are not quite there yet. Traders need to understand that this short term top is not the Intermediate / Long Term top we have been calling for and still expect it to occur in the proximity of the March 15th Quadruple witch. Beware the Ides of March.


Our Macro Driver$ in this month's Trigger$ shows the Global ECO's are following a very clear cyclical pattern (illustration to the right), resonating from coordinated central bank actions.

Citigroup Economic Surprise Index has moved below zero. On the past 7 occasions when this happened the near-term equity upside was capped. The average maximum upside of 1% and average drawdown of 8% seen over the following 3 months demonstrate the asymmetric risk-reward.

We fully expect a near term scare in interest rates to ignite a correction but it will stay within our controlling ellipse before rising to a final top.


Fibonacci Spirals




A Major Long Term Right Shoulder Formation Pattern




Fibonacci Time Extensions

Our original timing predictions (shown below) were based on our Fibonacci Time Extensions. This is a separate analysis from Fibonacci Ellipses but must 'plug' or we fail the test of symmetry which chaos and fractal theory dictate. We have a a very tight correlation that in turn matches fibonacci clusters and Bradley turn cycle dates.




The 18 Month View




<< Previous article
Rate : Average note :4 (1 vote)
>> Next article
Mr. Long is a former senior group executive with IBM & Motorola, a principle in a high tech public start-up and founder of a private venture capital fund. He is presently involved in private equity placements internationally along with proprietary trading involving the development & application of Chaos Theory and Mandelbrot Generator algorithms.
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
The Rediscovery of Men
07 Decaccording-1
and now bernie has a brand new house. i smelled that the fix was in when he said he was running against filthy hillery. then at the perfect moment...
The Rediscovery of Men
07 Decaccording
i suspect that georgie S and his goons will crash the coin and try to starve our guts and spirits with fears we havnt felt perhaps ever. it will be...
The Deepening Deep State
07 Decaccording
james this is a nice piece of writing. good to see you moving to the Right. its probably safer there for awhile at least.
Jack Kemp's Gold Standard Act Of...
05 Decsam_site
We were on a disastrous 40% Gold Standard from 1914 thru 1944 and this half-assed 40% standard enabled the globalists to create two world wars...
Dollar Reappraisal : Gold Vanish...
04 Decsam_site
Enjoyed the gold history lesson of 1965. Palyi's quote "where the Welfare State is on the march, the Police State is not far behind" is prophetic....
Indian ‘Gold Ban’ a Portent of M...
03 Decsam_site-1
You believe like Brandon Smith, that Trump was allowed to win or is a secret globalist puppet that will be "fingered as the scapegoat for this...
Lawrie Williams: Major gold pric...
02 Decian15171
Hmm. the first signs of the long talked about disconnect between paper and physical?
Trump Makes The US Stock Market ...
02 DecThe Recusant
I'm forever blowing bubbles, Pretty bubbles in the air, They fly so high, Nearly reach the sky, Then like my dreams They fade a...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS