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Gold, Silver, Dow, NASDAQ: Big Consolidations = Big Rallies

ByGary Savage
Published 07/31/2017, 12:16 AM
Updated 07/09/2023, 06:31 AM

One characteristic of all major bull markets is that they rally much further than anyone originally expects. One of the characteristics to watch for is the size of the consolidation preceding a major breakout. Examples of this phenomenon are examined in various markets – gold, the Dow, NASDAQ and silver.

Latest comments

Hi Gary,. I do keep reading or watching the videos that you post here. I find it interesting and educational.. The video on the July 5th, you talk about how gold has completed the Intermediate Low Cycle and its headed for a short term downtrend for about 4 to 6 months. The gold prices today say something else. In the same video you also mention about how dollar would rally up and how it would affect gold. But nothing as such has happened. The co-relation between gold and dx is 65%. In this video you talk about how gold has been consolidating and its up for a major uptrend. . So as your follower I am confused as which one is more probable ? Gold going up or down. DX looks like its landing at major support levels. Its does have higher chances for it to bounce up. . . I have commented on this video as a healthy discussion with thyself. :). Regards,. Vivek
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