RE: RE: The Tight Range in Gold Breaks
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RE: The Tight Range in Gold Breaks

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6y

The "time" changed. Time and Price are always intertwined. "To everything there is a season."

I made a reply to dfinney@dfinney two weeks ago:

Screenshot_2020-09-24  handofzara.png
@dfinney/qgd6c7

"Barring a run away market to the upside, I think mid to late October might provide an opportunity to fulfill your wish list. When I look at the silver chart, I can see a possible run up to around to $28.50 between now and September 15th. After that either more sideways or a nice drop."

On September 16th Gold posted its most recent HIGH at $1983.80 (right on the upper Bollinger Band) and silver posted its recent HIGH on September 15th (right on "time" I might add) at $27.87 per ounce. After that we got some more sideways action (for 3 days) followed by a "nice drop".

Most people do not believe that Time and Price are so strongly correlated therefore seek other explanations for why the market "turns". The markets do not HAVE to turn, at certain "times" and "prices" but when time and price do come together there is a HIGH PROBABILITY that a "turn" will occur.
If Gold and Silver did not "turn" on or around September 15th, then there would have been a HIGH PROBABILITY of a "runaway market to the upside".

When am I looking for the next "turn" in the market?

October 9th through October 16th provides the next primary "time" for a potential "turn" in the market. The "secondary" periods run slightly before and slightly after these dates.

No one knows the future but everyone knows the difference between Summer and Winter.