Gold Gann Angle Update

The gold to long bond relationship is about to allow gold price to move higher.


US Economic data has sunk, the economy has been slammed with higher oil prices, higher inflation, supply chain issues and corporate profit troubles. The rise of growth fears over high inflation fears will play on the US 10 year interest rate mostly likely keeping rates under 3% if not much lower. Lower 10 yr interest rate tend to mean higher gold prices (chart 1). Peak inflation fear may have passed.

The US dollar has also enjoyed a strong rally on much higher US inflation reports relative to the European Union, however this is changing as inflation in Germany is hitting all time highs and the ECB may have to hike rates faster and further than the FED, likely to send the EURUSD much higher. Also news items like COVID in China and war in the Ukraine are coming to an end, peak fear has passed, which gives more support for a higher EURUSD. Good for gold and silver.



Chart 1: The 10 year interest rate relationship to gold price in US dollars.

Chart 2: Gold price is following the Gann Angles draw from zero (red lines), the blue lines offer a time zone as to the acceleration of price higher. 

Chart 3: Forest for the trees standard Gann Angles.

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Gold Gann Angle Update

Gold, debt, inflation, USD and interest rates are in the same bowel,  if interest rates are suppressed then it is dollar down and gold up.


Chart 1 - Gold has been running up the Gann 1:4 blue angle. Notice how corrections are bouncing of this Gann angle (red arrows). 

Chart 2 - Inflation narrative grows within CEO and CFOs within SP500 companies. Inflation higher than interest rates is known as negative real yield and USD bearish and gold bullish.

Chart 3 - The FED is the larger player in the UST market, this folks is Yield Curve Management (or control). Very USD bearish. 

Chart 4 - The US dollar cycle is running to a new low, a possible 'plunge spike' or 'selling climax' lower is on the table. DXY to $85 is -10% down. The RTTDPO (indicator 2) line a 2x the cycle period or 2 x 918 = 1836.

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Gold Gann Angle Update

The Biden Yellen team have made their play, and it is not US dollar friendly.


Janet Yellen speech named "International Priorities — Remarks to The Chicago Council on Global Affairs" (here) can be summed to say (via Luke Gromen) 

POINT: The US is accelerating a move away from "subjugating the US middle and working class to support the USD", to "subjugating the USD to support the US middle and working classes".

Well the above is true, but as we all know large US deficits and the trend of the US dollar are joined at the hip, and that trend is down 'huge'.

Gold has pulled back recently and the question is: Is the low in?

Gold has pulled back to 1x4 Gann Angle, plus the 'T Theory' indicator suggest a low is also in, so this blog sides with the positive and continue to look for higher gold prices.

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Gold Gann Angle Update

Golds bullish trend has worked well in 2020, so what is next over the immediate 3 to 6 months? Will we continue to see a golden future.


The US dollar had been strong into COVID 19, since then the FED has printing a lot of money, and they are also considering YCC (Yield Curve Control), last seen during WW2. [Note YCC lasted 9 years over WW2. WOW, that is a lot of money printing.]

The FED is now forecast to over take competing central banks balance sheets in size, and the release valve will be a falling US dollar. Therefore we should continue to see the US dollar maintain is slow leak down over the next 3 to 6 month, say on the DXY 82 to 88. 

Also, US election worries will add to the weakening of the dollar. Of course extreme chaos in Washington will accelerate the US dollar decline.

The US dollar continues to follow its time cycle (re posting of chart).

These Gann Angles on gold (GLD ETF) high light the BULL and BEAR plays. If the US dollar continues to fall then the light yellow box should be considered as a target to take profits.

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Gold Gann Angle Update

The new year of 2020 has gold is poised to break out higher. Why is gold going higher? Maybe the FED's economists can explain .... or not.


Maybe these could be on the list:

- FED repo hundreds of billions a day.
- ECB made up tools to keep the European banks solvent.
- A sugar high stock market with Apple Inc and Microsoft looking like Bitcoin 2017.
- The US bond market is NOT confirming a strong stock market.
- Corporate profits have flat lined for 3 years while stocks soared each year.
- Knowing an US election year needs stimulus, and a lower US dollar is a first choice.
- China deal, will have a currency element to make it easier to do business. Lower US dollar.



Gold Gann Angle 

Gold Channel showing long term trend

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Gold Gann Angle Update

Everything awesome? Gold over $1500. Central banks are printing money to generate fake demand. Germany issues first ever 30 year bond with negative interest rate.
Crazy times!

Even Australia and New Zealand and considering negative interest rates and printing money, you know a bunch of lowly populated islands in the South Pacific with no aircraft carriers or nuclear weapons. They will need to do this to suppress their currency as they are export nations, as they need foreign currency to pay for foreign loans. But what is next, maybe Fiji will start printing their dollar. 

Now for a laugh, this Jason Pollock sold for more than $32M in 2012. 

Ok, now call Dan Oliver a nut for his target of $3,000 USD gold.

Gold latest Gann Angle chart.

Gold CTFC situation. Notice extreme open interest has been a reversal signal. Watch out for a pullback.

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Gold Gann Angle Update

Charts show us the golden brick road to high prices.


GLD Gann Angle has been working since 2016. Higher prices are expected. Who would say anything different, and why and how?

The GLD very wide channel shows us the way.
- Conservative: Tag the 10 year rally starting in 2001 to 2019 and it forecasts $750 GLD (or $7500 USD Gold Futures) in 10 years.
- Aggressive: Tag the 5 year rally starting in 1976 to 2019  and it forecasts $750 GLD (or $7500 USD Gold Futures) in 5 years.

GLD cycle.

Jim Sinclair talks a gold target of $87,000 USD. This makes our target of $7,500 USD look silly.

The next 6 months should be very interesting.





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Gold Gann Angle Update

Investors see this, higher support levels in metals and metal stocks, the big boys may be done with their tricks and a move up is near.


readtheticker.com has been watching the price move over the Gann angles with gold (GLD). Demand has proved it self so far, 2018 may see the red bearish 1x1 (down line) challenged near $140. Of course this does not mean another test of $125 is unlikely, the big boys are using all the tricks in the book to not allow the public to enjoy are profitable market up process.

Gann Angles mixed with cycles and Wyckoff is sound method to examine price action.

HUI Index, a bust above 100 is very likely

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Gold Gann Angle Update

The gold bull has passed a bullish test, it has bounced off the blue 1x1 Gann Angle twice!


Recently Jamie Dimon smashed bitcoin as a fraud. In truth this was an attempt to shake out bitcoin players, and slow down the block chain development, or more importantly slow down block chain developers to allow JPM to be first. What block chain development ? Our guess is block chain that allows peer to peer gold and silver transfer. JPM knows that COMEX and LME will be the Nokia to Apple iPhone when block chain provides a world wide service for peer to peer gold transfer of ANY SIZE!

A bullish fundamental behind gold is the fact that true price discovery is coming to the metals markets on the back of development of peer to peer gold transfer via block chain. Bitcoin will be crushed by gold or silver block chain (until the Govt's get pissed!).

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Gold Gann Angle Update

Look everywhere, trouble brewing in Europe, China and US. How can the change thats coming not break something?


Good video covering Europe, China and US!

Gann angles (1 point to draw a line, not 2 like a trend line)

Apex, a point of demand and supply battle to end, and a price move for the winner.

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Gold Gann Angle Update

Gold Gann Angle, where are we now!


Short answer, we a poised to go to $145.

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Gold Gann Angle Update

Gold Gann angles paint a nice picture. A pullback that so far has reacted to supporting 1x1 Blue Gann Angles.


In short, we have a strong price reaction to GLD $100. Short covering or new investment, only future price action will confirm this. We shall have to watch the pullback nature of gold during the next few weeks. If GLD can get over $135 then this should secure the beginning of the awakening of a new bull run to much higher prices. The 4 year gold pullback has been nothing more than an attraction to the supporting 1x1 Gann Angles. Knock on wood! Watching and waiting.

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