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Created on: 10/10/2016 2:15:46 PM Last Update: 10/10/2016 2:18:42 PM Posted by: RTT
WARNING: This entry is 3141 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Gold and Silver Trend Intact
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 Over the last 18 month we have had a new bullish trend start in gold and silver.
The trend is still intact, as nothing moves in a straight line, a trader must expect pullbacks.
Readtheticker.com RTT Steps tool does so much more than the age old moving averages, they give you the range of expected movement during a trend, a possible pullback reaction line (below the red dotted line is set to 60% pullback [60% between upper and lower range of RTT Steps], and off course a quick view of support and resistance.
Yes one can say that Gold and Silver have yet to confirm their new trend by breaking out higher, but trends have to start somewhere, and we shall have to wait and see.
At this point in time, if price halts the current punch lower, the trend should resume higher for both metals, and you can see on the chart below it is a great time to consider an entry point.
Click for popup. Clear your browser cache if image is not showing.
NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
..“It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.”..
Jesse Livermore
My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle ‘buy low and sell high’, but when prices are low nobody wants to buy.
Marc Faber
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Nobel Laureate for Economics Paul Samuelson
.."Capitalism works better than it sounds, while socialism sounds better than it works"...
Richard Nixon
.."A market is the combined behavior of thousands of people responding to information, misinformation and whim"..
Kenneth Chang
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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