Same for Dow. The vehicle is insanity, the direction is changing as insane greed turns insanely fearful.
It's a livin' thing It's a terrible thing to lose Its a given thing So you won't be needing those shoes
Despite USD weakness the Rand promises to be stiff competition with impending downgrade to junk status. The drought is receding, the economy is stagnated and the consumer is exhausted. Inflation prospects appear muted. Without further rate increases there is no incentive to foreign funds here.
Fundamentally SA has established itself as a phase III banana republic. Playing pseudo democracy via tribalism to the applause of the the blind liberal twits of the planet whilst buying voter favor via social hand outs that serve to increase debt and childbirth in a climate of economic decay and top down corruption. Recent riots for free and easy university...
A busy little chart with natural charm and clarity of upcoming intentions
B-C has a tight natural form as described by the guiding Fib ratio levels. Previous monthly and weekly charts relate. The zoom continues..
Just a little (v) away from the turn into the first correction of Intermediate wave 3
Equal legs abc arrives in the C-wave with divergence and sub 30 monthly RSI Not just a turn but this is a setup for a turn of major significance
Looking back is important for your footing
Copper was slow to bottom early 2016 but has restored its traditional lead on gold. Some retrace here is to be expected. Copper should target iv. Gold can go at least 50% back toward 2. After that gold can make the move up in the famous wave iii of 3.
As we zoom in we see the the fractals of wave 5 in sub-waves of 3. This is an ideal place to grow an ending diagonal.
The result of the count presents an organic structure full of natural splendour. In the natural cycle of life and death we can celebrate the life and say our goodbyes
If the count is good and natural then it will be pleasing to the world of nature. What better than the ratios as realised by Fibonacci to adorn the chart with.
Without the vision and disciplined application of the Elliott Wave Theory the chart is totally unreadable. All other interpretations are like fake news. There is no comparison because there is no equal.
As you see there is no need for dismay or alarm. Your gold is very safe and is from here on the most secure store of value. As it was so shall it always be. When all is long gone only gold will last forever.
Event of equal wave 1 and wave 5 points to turn into major wave 4 with target 90ish