I posted several warnings about GOLD & Oil
Most recent was on Amrch 10th.
Today it hit with a FURY
Anyone else you know did that in March?
Jaywiz index =.26 = more selling
March 20= 8 day low
Selling starting earlier than I thought, but Fed rate cut was LAST HURRAH
Again there was a low at 2:44pm, but this time it was only temporary.
Jay
THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023
3 comments:
Hi Jay,
And collapse they did, the commodities.
You still think april 11 will be a important low?
I was wondering: do you ever look at the currencies, eur-yen/dollar-yen because they too determine/follow the behaviour of the stockmarkets?
One thing left to say, I read a few weeks ago that the fiscal year for Japanese banks ends this month/they open their books. Are we in for some nasty surprises?
Greetings,
Peter.
Hi Jay,
I track a nominal 18 week cycle in GOLD which looks to be in it's 16th week. Low could come as early as next week. Now this 18-week cycle is the 2nd phase of a 54-week cycle scheduled to bottom in June/July. It also just so happens to be the termination of a 3-year cycle nesting with the 3rd phase 18-week cycle low and the 54-week low. Last year GOLD declined 10 weeks into the 54-week low into July 07. This year it could have the potential to be more. The incline out of this 18-week low next week or 2 after it rolls over should head straight down into June. This analysis is all JMHO.
Trinity
I should add that a rally out of June/July for Gold should be a Kicker. Target for GOLD in June/July would be $750-$800??
How about OIL? Well it looks like OIL is completing a 30 week nominal cycle right about now, 2nd phase in a nominal 19-month or 90-week cycle which would put the end of the next 3rd phase 30-week cycle in October thereabouts. It just so happens that October would also mark the end of a 5-year cycle for OIL so a decline in OIL could get harry after the next thrust and rollover. again all JMHO.
Trinty
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