He predicts for gold:"Worst case correction in our view is gold
to $1007. Support is now $1107-$1115 with next lower at $1092.50,
$1085 and a $1065-most probable low."
For silver: "Worst case silver to $16.00 support with other
higher supports at $17.15, $17.00, $16.85, and $16.48 most probable
new low before the next rally, We Forecast Gold & Silver Index
To 156.32 On The 41 Day Moving Average. Worst case XAU support
expected is 140. Support-resistance 150 most probable."
Extrapolating from what he said, for GDX MA(200)=40.91 is the
most probable target. FWIW.
Peridot, That the area to the right marked by two purple
horizontal lines, isn't it? What's the 74PTI on the chart? If my
interpretation is correct, I can see what you are pointing at.
There are two time targets at play: intermediate (to be
conferred with Steve's FXE chart) and long-term (Roger's). I
believe your GET system is including both in the that range. Can
you run the system on a shorter time frame (30 minutes or 60
minutes) to see if it will produce different results? Thanks for
the information!
Hochberg from EWI in his Friday night report suggests that we
are going to see a big rally off these lows in gold and silver next
week citing silver may even get back to $18. This would be a
A,B,C correction from the five waves down that gold just
experienced. Of course, that's assuming Wave 5 just completed
or is about to early next week. Just sharing. p.
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Correction targets for $gold and $silver from Roger Wiegand
Posted by junkie on 12th of Dec 2009 at 07:34 am
http://www.kitco.com/ind/Wiegand/dec112009.html
He predicts for gold:"Worst case correction in our view is gold to $1007. Support is now $1107-$1115 with next lower at $1092.50, $1085 and a $1065-most probable low."
For silver: "Worst case silver to $16.00 support with other higher supports at $17.15, $17.00, $16.85, and $16.48 most probable new low before the next rally, We Forecast Gold & Silver Index To 156.32 On The 41 Day Moving Average. Worst case XAU support expected is 140. Support-resistance 150 most probable."
Extrapolating from what he said, for GDX MA(200)=40.91 is the most probable target. FWIW.
Here's a weekly of GDX
Posted by Peridot on 12th of Dec 2009 at 11:43 am
Here's a weekly of GDX which shows the GET target range. Keep in mind, this is a Weekly but shows the same target area you mentioned in your post. p.
Peridot, That the area to
Posted by junkie on 12th of Dec 2009 at 11:59 am
Peridot, That the area to the right marked by two purple horizontal lines, isn't it? What's the 74PTI on the chart? If my interpretation is correct, I can see what you are pointing at.
There are two time targets at play: intermediate (to be conferred with Steve's FXE chart) and long-term (Roger's). I believe your GET system is including both in the that range. Can you run the system on a shorter time frame (30 minutes or 60 minutes) to see if it will produce different results? Thanks for the information!
Hochberg from EWI in his
Posted by Peridot on 12th of Dec 2009 at 11:09 am
Hochberg from EWI in his Friday night report suggests that we are going to see a big rally off these lows in gold and silver next week citing silver may even get back to $18. This would be a A,B,C correction from the five waves down that gold just experienced. Of course, that's assuming Wave 5 just completed or is about to early next week. Just sharing. p.