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.


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.

The Incas thought gold represented the glory of their sun god and referred to the precious metal as “Tears of the Sun.”