Chariot Share Discussion Threads

[chestnuts] 25/4/2020 08:48

I posted this cycle over 10 yrs ago

In April 1792 the USA $ was born
= 87.12 yrs

in May 1879 the USA went on to a gold standard

= 53.956

May the 1st 1933 the USA confiscated gold they did this so they could revalue gold

= 87.12 yrs
There is another cycle Bretton woods 1944.53
=76.09

July 21st 2020 I think we will have a reset of currencies


76.09 = 33.33%
87.12 = 38.2% of 228.3
53.956 = 23.6 % of 228.3

April 1792 to July 21st 2020 = 228.3

Fib numbers 61.8 /50/ 38.2/ 23.6

[invisage] 25/4/2020 08:46

Chestnuts Do you do time analysis on charts?7th or 8th May do you see a change in trend on these dates maybe breakout in gold?Thanks

[chestnuts] 24/4/2020 22:30

This is interesting it relates to gold going up before a reset of currencies

[invisage] 24/4/2020 09:01

Chestnuts

I think we could see a scenario where Gold goes to $2000 this summer and DOW etc rallies back up to old highs and perhaps make new highs because there has been so much money printing.

If the move is a parabolic advance in the DOW say we go to 40k DOW in quick time that could be the secular top for decades.

Markets don't tend to crash in April / May … the crashes tend to happen in October so if we are going down 80% on the DOW it will likely happen then...

If we get a bust then I can see Gold dropping to $1000 and then when we get inflation and higher interest rates - Gold will take off properly...…$10k gold? All the money printing from the last few years will hit us with the inflation.




I think this is a decade for Precious metals...

[invisage] 24/4/2020 08:13

Yes this is what I am expecting too, I think we are going to get more stimulus from governments as economies reopen.

It is the policy response to these crises that causes the gold price to go up.

[chestnuts] 24/4/2020 08:05

Looks like we have a cup and handle on a cup on gold could start to get exciting

[invisage] 23/4/2020 21:51

Election year...if we going to get a bust it will probably happen later this year Oct?

November 3rd is Election

Trump currently favourite for re-election

[invisage] 23/4/2020 21:39

I think Ando looks at astrology, I find it fascinating how he uses it to work out market direction.

On 16th April Ando said DOW heading to 27k - I am wondering if that is based on the astrology work he does.

[chestnuts] 23/4/2020 21:36

Invisage

The way you talk you take notice of every thing but fundies

[invisage] 23/4/2020 21:22

I've been reading some astrology on the markets, apparently we need to be very careful for the next 15 months in how to trade these markets.


Do you look at astrology in your analysis Chestnuts?

[chestnuts] 23/4/2020 21:13

Just because i am walking down the road and a mass murderer is walking down at the same time it doesnt mean that he will come to my house when i go my separate way.

Gold as gone up in the last hr

[invisage] 23/4/2020 19:24

Gold silver comes down with DOW …

Chestnuts saying Gold will go higher but DOW will drop.....But they have been moving in the same direction lately?

So which is correct with DOW / Gold drop or will Gold disconnect from DOW?

[invisage] 23/4/2020 16:03

What would negate your view on the DOW Chestnuts?

[chestnuts] 23/4/2020 15:43

I think the dow could hit my target in the next 2/3 trading days

[jotoha2] 23/4/2020 15:31

Okay lets get the incompetent Larry out , must say anyone who manages to Blow nearly £300 Million without any sort of success , does need to be shown the door , interesting that there are still some large holders here , who clearly have written of their investment , and lots of PI in the same boat.

[texaschaser] 23/4/2020 15:31

Lifestyle company.

[invisage] 23/4/2020 15:11

Tested and rallied back up!


Chestnuts I have a spreadbet long on Silver...I am simply riding it....when you have time can you kindly take a look please in terms of target and date?

I assume it will rally like Gold into July?

Thank you

[invisage] 23/4/2020 14:03

Yes I can see.....How long before we take off again Chestnuts?

Thank you

[chestnuts] 23/4/2020 13:40

Price coming back to test support at 1723 ish

[invisage] 23/4/2020 10:05

Of course I loved the cycle you worked out...I am re-reading your posts to try and understand your logic.

What your doing is very clever, I don't see the kind of analysis and calculations you do elsewhere so I am trying to learn what you are doing.

[chestnuts] 23/4/2020 09:57

No. i use my own methods, did you like the cycle i posted 2 days ago , it takes some working out at times.

[invisage] 23/4/2020 09:44

ok thanks Chestnuts - Have you read a book called Gann Made easy by William McLaren?

[chestnuts] 23/4/2020 09:29

Invisage

I have not studied cycles to that extreme on the dow, just gold

[invisage] 23/4/2020 09:27

Yep I agree - I am not saying the US markets are not overvalued...they have been overvalued for years.....but that does not mean it can't keep going up....

The market is irrational and that is why charts are great...…



Do you see a turn cycle coming on Friday or early next week Chestnuts?