Best of the Week
Most Popular
1. US Housing Market House Prices Bull Market Trend Current State - Nadeem_Walayat
2.Gold and Silver End of Week Technical, CoT and Fundamental Status - Gary_Tanashian
3.Stock Market Dow Trend Forecast - April Update - Nadeem_Walayat
4.When Will the Stock Market’s Rally Stop? - Troy_Bombardia
5.Russia and China Intend to Drain the West of Its Gold - MoneyMetals
6.BAIDU (BIDU) - Top 10 Artificial Intelligence Stocks Investing To Profit from AI Mega-trend - Nadeem_Walayat
7.Stop Feeding the Chinese Empire - ‘Belt and Road’ Trojan Horse - Richard_Mills
8.Stock Market US China Trade War Panic! Trend Forecast May 2019 Update - Nadeem_Walayat
9.US China Trade Impasse Threatens US Lithium, Rare Earth Imports - Richard_Mills
10.How to Invest in AI Stocks to Profit from the Machine Intelligence Mega-trend - Nadeem_Walayat
Last 7 days
S&P 500 Stuck at 2,900, Still No Clear Direction - 17th June 19
Is Boris set to be the next Conservation leader? - 17th June 19
Clock’s Ticking on Your Chance to Profit from the Yield Curve Inversion - 17th June 19
Stock Market Rally Faltering? - 17th June 19
Johnson Vs Gove Tory Leadership Contest Grudge Match Betfair Betting - 17th June 19
Nasdaq Stock Index Prediction System Is Telling Us A Very Different Story - 17th June 19
King Dollar Rides Higher Creating Pressures On Foreign Economies - 17th June 19
Land Rover Discovery Sport Tailgate Not Working Problems Fix (70) - 17th June 19
Stock Market Outlook: is the S&P today just like 2007 or 2016? - 17th June 19
US China War - Thucydides Trap and gold - 16th June 19
Gold Stocks Bull Upleg Mounting - 16th June 19
Gold Price Seasonal Trend Analysis - Video - 16th June 19
Fethiye Market Fruit, Veg, Spices and Turkish Delight Tourist Shopping - 16th June 19
US Dollar Gold Trend Analysis - 15th June 19
Gold Stocks “Launch” is in Line With Fundamentals - 15th June 19
The Rise of Silver and Major Economic Decline - 15th June 19
Fire Insurance Claims: What Are the Things a Fire Claim Adjuster Does? - 15th June 19
How To Find A Trustworthy Casino? - 15th June 19
Boris Johnson Vs Michael Gove Tory Leadership Grudge Match - Video - 14th June 19
Gold and Silver, Precious Metals: T-Minus 3 Seconds To Liftoff! - 14th June 19
Silver Investing Trend Analysis - Video - 14th June 19
The American Dream Is Alive and Well - in China - 14th June 19
Keeping the Online Gaming Industry in Line - 14th June 19
How Acquisitions Affect Global Stocks - 14th June 19
Please Don’t Buy the Dip in Nvidia or Other Chip Stocks - 14th June 19
A Big Thing in Investor Education is Explainer Videos - 14th June 19
IRAN - The Next American War - 13th June 19
Boris Johnson Vs Michael Gove Tory Leadership Grudge Match Contest - 13th June 19
Top Best VPN Services You Can Choose For Your iPhone - 13th June 19
Tory Leadership Contest Betting Markets Forecast - Betfair - 13th June 19
US Stock Market Setting Up A Pennant Formation - 13th June 19
Which Stocks Will Lead The Cannabis Rebound? - 13th June 19
The Privatization of US Indo-Pacific Vision - Project 2049, Armitage, Budget Ploys and Taiwan Nexus - 12th June 19
Gold Price Breaks to the Upside - 12th June 19
Top Publicly Traded Casino Company Stocks for 2019 - 12th June 19
Silver Investing Trend Analysis - 12th June 19
Why Blue-Chip Dividend Stocks Aren’t as Safe as You Think - 12th June 19
Technical Analysis Shows Aug/Sept Stock Market Top Pattern Should Form - 12th June 19
FTSE 100: A Top European Index - 12th June 19
Gold Surprise! - 11th June 19
How Forex Indicators are Getting Even More Attention in the Market? - 11th June 19
Stock Market Storm Clouds on the Horizon - 11th June 19
Is Your Financial Security Based On A Double Aberration? - 11th June 19
What If Stocks Are Wrong About Interest Rate Cuts? - 11th June 19
US House Prices Yield Curve, Debt, QE4EVER! - 11th June 19
Natural Gas Moves Into Basing Zone - 11th June 19
U.S. Dollar Stall is Good for Commodities - 11th June 19
Fed Running Out of Time and Conventional Weapons - 11th June 19
Trade Wars Propelling Stock Markets to New Highs - 11th June 19
Best Travel Bags for Summer Holidays 2019, Back Sling packs, water proof, money belt, tactical - 11th June 19
Betting on Next British Prime Minister Tory Leadership Betfair Markets Forecast - 10th June 19
How Can Stock Market Go Up When We’re Headed Towards a Recession? - 10th June 19
If You Invest in Dividend Stocks, Do This to Double Your Returns - 10th June 19
Reasons for the Success of the Dating Market - 10th June 19
Gold Price Trend Analysis - Video - 10th June 19
US Stock Markets Rally Hard – Could Another Big Upside Leg Begin? - 10th June 19
Stock Market Huge Cosmic Cluster Ahead: Buckle Up! - 10th June 19
Stock Market Higher To Go? - 10th June 19
The Gold Price Golden Neckline… - 10th June 19
Gold Price Seasonal Trend Analysis - 9th June 19
The Fed Stops Pretending - 9th June 19
Fed Rate Cuts Soon; Bitcoin Enthusiasts Join Wall Street in Bashing Gold - 9th June 19
1990s vs. 2010s - Which Expansion Will be Better for Gold? - 9th June 19
Gold Price Trend Analysis, MACD, Trend Channels, Support / Resistance - 8th June 19
Gold Surges Near Breakout - 8th June 19
Could Gold Rally Above $3750 Before December 2019? - 8th June 19
5 Big Lies About Precious Metals Investing Exposed - 8th June 19

Market Oracle FREE Newsletter

Gold Price Trend Forecast Summer 2019

Gold Price 2017 Trending Towards $1375 as Forecast

Commodities / Gold and Silver 2017 Jan 16, 2017 - 08:07 AM GMT

By: Nadeem_Walayat

Commodities

The gold price hit bottom at $1124.30 on the 15th of December 2016 following which it entered an uptrend that has taken the precious metal to a recent high of $1207, all this whilst apparently many gold bugs were asleep at the wheel having publically thrown in the towel due to the failure of Gold to perform, and most recently have been busy scrambling to play catch up.


Those who followed my gold analysis posted on the 4th of December (article) and 6th December video would have found themselves buying gold at the very bottom as my video illustrates that I expected the Gold price to imminently trend towards a bottom target buying price of US $1125 before trending higher during 2017 to first US $1375 on break of which would likely continue higher for several more years towards $1800.

Gold 2017

04 Dec 2016 - Gold and Silver Bullion Buying Opportunity for 2017?

Well it backs up everything the 2 year chart is saying and further confirms that $1400 is a very strong resistance level which if over come could propel the gold price MUCH higher, and the chart implies that a BREAK HIGHER would be more probable than a BREAK LOWER. So whilst we can't let ourselves get carried away by anticipating a breakout above $1400 and fantasise about hitting $1800 which would represent a 63% GAIN on $1100. Nevertheless the risk reward is better on the longer term chart then the 2 year chart, which acts to confirm that $1100 to $1125 are good levels to accumulate gold at given the risk / reward profiles.

Therefore with little deviation to date, I see no reason to undertake a more in-depth analysis of Gold at this point in time.

Now back to the 'gold bugs' throwing in the towel and turning bearish AT the BOTTOM! For instance, I got a couple of emails in December following my posting my analysis that I was WRONG in my bullish expectations about gold because of some guy called Armstrong, who apparently had just published a forecast that Gold was about to head down to $1,000. In fact the title of the link in the email was - Armstrong Warns Gold Headed Under $1,000 & Into the Abyss.

Now, I did my usual short reply to such emails that the future is unwritten and that if I am skeptical of my own analysis then why would I care what others are stating, especially if they are selling to the masses, for I understand the only way to arrive at that which is the most probable is through the mechanism of pain and gain, profit and loss. That's the only thing that works, so when I am right I make money when I am wrong I lose money which focuses ones mind to go that extra mile, that and I don't pander to a subscriber base which allows me to meander off into for instance the Trump Reset mega-trend. For I also understand that Technical analysis on its own is a red herring.You are not going to make money with TA alone I PROMISE YOU!.

So learn the lesson! You have to skeptical of your own analysis let alone take that of others seriously because TA is a RED HERRING! Which is why mega-trends analysis is critical and my primary focus, as technical analysis i.e. the charts and trend forecasts represent just the tip of the ice-berg. The forecasts don't emerge form the price charts they emerge from the mega-trends! All TA does is fine tune and gives a target, oh and lots of pretty lines on graphs to wow the masses with. Okay I am getting a little carried away here, TA is useful but only HALF the picture, so on its own it is no more reliable than a coin toss, believe me for its true, for I tested TA to destruction during the 1990's when I realised that it is basically 90% bull shit.

I think the reason most analysts get the markets so badly wrong so often is because they believe their own TA bull shit, and they have to believe in it because they are SELLING it to the gullible masses.

And where the mega-trends are concerned watch my most recent installments on the Trump Reset.

Trump vs the Deep State that Hides in Plain Sight

The "Deep State" best describes the invisible labyrinth of power which truly controls the United States no matter which party is in power against which a President Donald Trump will find himself doing battle against as his first press conference illustrates where Trump let rip into the mainstream press (CNN) as he reacted to the CIA's leaking of another MI6 dodgy dossier to the mainstream press, calling it all 'Fake News', fake intelligence by something that could have come out of Nazi Germany.

Trump CIA Like Nazi Germany - Fake MI6 Intelligence leaked to Fake News Mainstream Media

This video further explains the nature of the deep state as Mike Lofgren, a congressional staff member for 28 years, talks with Bill Moyers about what he calls Washington's "Deep State," in which elected and unelected figures collude to protect and serve powerful vested interests. "It is how we had deregulation, financialization of the economy, the Wall Street bust, the erosion or our civil liberties and perpetual war."

Trump's US election win amounts to a pressing of the RESET button on that which has passed for at least the past 40 years. Which demands a reappraisal of virtually everything to ascertain not just the impact of Trump but the trend reversal / rebellion underway amongst Western populations against the ruling elites that will impact on the mega-trend drivers of financial market trends for many years if not decades to come. In this respect my Trump Reset video series seeks to detail the key mega-trend geopolitical consequences of the Trump Reset, of why the US under a Trump Presidency is trending towards an inevitable war with China, economic, cyber and even outright military conflict, something that is deemed to be impossible by most today.

1. Delirium - Why Trump Won the Election

    My first video in this series was in the immediate aftermath of the US election and explained why Trump won.

2. The Putin Doctrine

Whilst my second video concerned Trump following the "Putin Doctrine", one of there being no difference between that which is truth and that which is fiction.

The Trump Reset - 2 The Putin Doctrine

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2017 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 Ebook5The Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

R.E.B
16 Jan 17, 18:51
Armstrong Analysis

Hi Nadeem, Martin Armstrong, so far as I can tell, does not do conventional technical analysis. He claims to have a computer that can predict the future. Apparently this is all based on analysis of cycles going back many years. He says he was put in prison because he would not give the authorities his program and data. I am not a subscriber and have no first hand knowledge of his service, so cannot vouch for its effectiveness.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules