Long Introduction -This is the second draft for 2340-2550-3000 as a singular move in 80 days. If you think a sell off to 2150 going to make me back off this call, in the words of Adam M. Grant, you need to think again. I promised 2345 in March and 2550 in April and so shall I deliver if within my power. That is, frankly not within my power. Those powers belong to the GOLD gods.
They alone determine at what price and at what time gold is exchange throughout the global markets. While titans of finance are not true gods in the old sense, it has been well said by Stanley Druckenmiller and Paul Tudor Jones that the bible of Linear Regression hold the secrets of interpretation should one desire to understand the god's influence over price and time. I am sorry to say I do not have that this bible. I will say that - at risk in sin of sacrilege - I have authored a poor man's substitute should that bible not be available.
Details - This is for regular readers only. If you are one, then we can definitely skip the details. If you are not a regular and insist on breaking norms of behavior, well go right ahead. But read previous work should you need back ground.
03/12 5:52 PM ET NOTES:
1) gold line is last line of resistance for 2340
2) the four arrows pointing up are weakest spots for price
3) the first is tomorrow, the second is FOMC, the third random, and the fourth is NFP
4) the six arrows pointing down are THE SIX REJECTIONS near 2345
5) it has been well said that if rejected six times, consider a seventh time
6) it may just work out and send you to 2550
7) I really am done, if there is a route back fore me, it can't happen until March is over
8) so this should tie you over
9) if I don't come back remember the plan wrote end of last post
10) good bye
11) hold on, the two cirlces are important
12) the reaction to FOMC SHOULD BE A STRONG VERTICAL SPIKE LIKE DECEMBER
13) wherever that stops, the check-down after 2345 must be THERE OR HIGHER
14) bc of the sell off price is almost stuck following the "dotted line"
15) hence the blue hilight should be more effective than usual