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Gold's New Intermediate Cycle Has Already Begun

ByGary Savage
Published 01/08/2017, 12:48 AM
Updated 07/09/2023, 06:31 AM

Gold is now in the advancing phase of a new intermediate cycle. Bearish sentiment at the recent bottom was among the most extreme readings we have seen in the past 40 years. This should be the fuel to drive a really big rally.

Latest comments

i think we had seller exhaustion we need a month or two rally before they knock it down again. Short term bullish, mid term bearish, long term bullish
I see gold heading back to 1080, not higher from here, not enough uncertainty to drive it higher like we had last year, with the elections, last year was a special case. The truth is gold is an empty investment that will one day be obsolete for what it is today
you have been wrong on the US $ and Gold BIG time...you have a disreputable track record as of lately...I would have lost a 1/4 of my portfolio if you were my advisor...thank God I am a former full member of the CME and can think through the haze
He also said a long time ago, that if you don't have the nerve to buy and hold long term, then investing in metals is not for you. And it's hard to be right when you have dozens of bank criminals manipulating it down. That is not a conspiracy theory anymore, it's a fact. If gold goes below 1100 I will call him wrong.
anyone can be right in those circumstances....be current or do not write opinions... ...a real cop out for a dude that cost peps millions
That is a real cop out for Gary...anyone can say "buy" and hold and be right eventually....tell that to the peps that bought on his :buy: signals in Gold and sold the US$ months ago.......
I agree Gary. Fully loaded with JNUG and SILJ. Cash is no longer king. Gold and Silver will move in sync with Bitcoin going forward. I'm more bullish silver by far due to the fact that I believe a shortage is coming. Silver is scarce and needed in electronics, solar panels, military equipment, etc. There are also untapped technologies that could significantly boost silver demand. Silver is a truly magnificent metal. It honestly should be worth more than gold and may well be someday. JP Morgan holds the keys. They haven't been accumulating mass amounts of physical silver to lose money on it.
I disagree. Roar!...yes, this time I'm a bear. "Should be" and "might" are the key words. If you look at the MAX chart for gold, it's over the hill. Last year's rally was a bump in the road...
And I'd also like to add the volume in gold has been on the rise big time lately. Volume is my go to momentum indicator and coupled with the extremely bullish stochastics, short it if you want to lose money.
Thoughts on that close friday w/ GDX and GDXJ seems that many many folks were buying it up...
Friday seemed like a bullish retrenchment to me too a lot of my stocks clawed back a lot of those losses by the end of the day.
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