After This Confirmation Gold Prices Will Rise Fast / Commodities / Gold & Silver 2019
A while ago, I wrote about a comingconfirmation of the multi-year gold bull market. It has taken longer thanexpected, but that signal has now arrived, and the bull is very much confirmed.
Here is a gold chart indicating that veryimportant signal
I have marked two fractals (patterns) 1to 5, to show how they might be similar. I have also marked the point whereinterest rates peaked (in 1981), and where they probably bottomed (in 2016).
The interest rate conditions in whichthese patterns occur are key to why there are such different outcomes betweenthe two. Once interest rates had bottomed, there were always going be extremelyfavourable conditions for a gold bull market (read more here).
If the comparison with the 1980s patternis justified, and the current pattern continues in a similar fashion, then goldwill continue in a long bear market. However, as expected, this was not thecase since the patterns have now diverged.
The breakout at the top red line (thehigh at point 5 – $1 375) almost certainly signals or confirms the bull market.This is a divergence from the 1980s pattern, and indicates that prices willrise really fast from hereon. (because when dealing with fractals, the biggestprice movements occur when two fractals diverge – a breakout at the top redline is a sure divergence).
For more on this, andsimilar analysis you are welcome to subscribe to my premium service. Ihave also recently completed a Silver Fractal Analysis Report as well as a Gold Fractal Analysis Report.
Warm regards,
Hubert
“And it shall come to pass, that whosoevershall call on the name of the Lord shall be saved”
http://hubertmoolman.wordpress.com/
You can email any comments to hubert@hgmandassociates.co.za
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