Gold And GDX Trading Cycle

July 18, 2017

Short-term we have started a new Trading or Daily Cycle.  The much bigger question is have we also found a 5-6 month Intermediate Cycle Low?  That is still an open question.

I have Gold on day 4 and GDX on day 5 of their new Trading/Daily Cycles.

The weekly view on both show the hurdle of proving a new Intermediate Cycle.

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Surf City is a pseudonym for a 60-year-old retired Information Technology Executive and Software start-up Entrepreneur living near the beach in California.   He has been an active investor and trader since the mid-1980s. Analytical by nature, his sound investments over the years allowed him to retire at a relatively early age of 55. In addition to the standard Technical Analysis tools of Edwards and Magee, Surf is a disciple of Walter Bressert’s Cycle Methodology and Stan Weinstein’s Stage 4 Market analysis.  Surf combines these skills to develop his unique “Cycle Price Channels.”  Some call them “Surf’s ForkCycles.

Gold is found in nature in quartz veins