Chart usGOLD   Chart usSILVER  
 
Food for thought
Liberty means responsability. That is why most men dread it
G.B. Shaw  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1287.83-6.25
Silver 19.37-0.26
Platinum 1405.501.00
Palladium 793.50-1.40
WORLD MARKETS
DOWJONES 16409-16
NASDAQ 40969
NIKKEI 14512-4
ASX 544532
CAC 40 443226
DAX 941092
HUI 220-2
XAU 90-1
CURRENCIES (€)
AUS $ 1.4815
CAN $ 1.5230
US $ 1.3825
GBP (£) 0.8226
Sw Fr 1.2197
YEN 141.7480
CURRENCIES ($)
AUS $ 1.0717
CAN $ 1.1016
Euro 0.7233
GBP (£) 0.5951
Sw Fr 0.8822
YEN 102.5300
RATIOS & INDEXES
Gold / Silver66.49
Gold / Oil12.38
Dowjones / Gold12.74
COMMODITIES
Copper 3.050.00
WTI Oil 104.03-0.27
Nat. Gas 4.750.01
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Beware the Ides of March
Published : February 04th, 2013
319 words - Reading time : 0 - 1 minutes
( 1 vote, 4/5 ) Print article
 
    Comments    
Tweet
Keywords :   Central Bank | Citigroup | Fail | Fibonacci | Global |

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



 

Tweet
Rate :Average note :4 (1 vote)View Top rated
Previous article by
Gordon Long
All articles by
Gordon Long
Next article by
Gordon Long
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Gordon Long

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.
Gordon Long ArchiveWebsite
Most recent articles by Gordon Long
4/17/2014
4/15/2014
4/8/2014
4/6/2014
4/4/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer