Goodbye Yellow Brick Road

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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.

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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.

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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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