Goodbye Yellow Brick Road


Gold printed its yearly cycle low back in November. Gold rallied over 15% out of that low as it peaked 2 weeks ago, on week 11. The sell off heading into the weekend signals that the intermediate cycle is in decline.


Gold has consistently declined into its intermediate cycle low once it loses the 50 week MA. This past week gold lost the weekly 50 MA in a clear and convincing manner, signaling its intermediate cycle decline. Therefore our expectation is to see a new daily cycle for gold to form in a left translated manner and fail as gold declines into its intermediate cycle low.

The loss of the 50 week MA is a signal to change from bullish hats to bearish hats.


A full report on gold covering the daily, weekly and yearly cycle can be found
in the Weekend Report.

The Weekend Report discusses Dollar, Stocks, Gold, Miners, The CRB Index, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

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For subscribers click here.


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