Gold shorts this morning..?, page-7

@Cherrybar12

i susbscribe to a very interesting trading service called gann global. they look at past data cycles of 100+ years and basically look for historic setups that have shown the same behaviours

tsaying for a few months that precious metals looked about to enter historic uptrend - including gold - but if the historically similar period they looked at was mirrored - that gold equities would fall for 18 months while gold price rose

the best fit period was 1985-1987

ive seen them be wrong quite often - but wrong in interesting ways. they dont really predict outcomes - they just point out similar patterns - but there are always a few different ones and you never know which it actually was until the market prices things in

that said they did forecast the big drop in gold to 1167 - though 6 months ahead of time

on this occassion i believe they are correct - just because usd gold/silvers are way overvalued vs earnings atm - theyve really blitzed the field in past 3 months - nearly all are still loss makers but up 40-80% in many cases.

thats often when the algos are setting longs up for a counter intuitive short - so it seems to reinforce the idea. but then it could just be im biased by information already received