KDave

No system is perfect not even asparagus.

No system is perfect not even asparagus.

I think the jury is still out on the last asparagus...

The falling asparagus indicates a coming severe downside movement, expect between $750 and $400 USD as per the two vertical spread asparagus.

You are viewing the asparagus candle stick chart upside down. When viewed correctly, after a period of consolidation it is upside movement over the rest of the year between $1750 and $2400 USD. 

With Elliot wave i have seen it counted one way and then counted another way.
Price going down to $750...........
But Sir the price is still going up...........
Wait a minute, let me count again..............
Price going up to $2200.
The only issue is if the USD appreciates a lot. There is a shortage of dollars out there to pay down USD denominated debts. It could mean the price of the USD will appreciate. The thing is most of us here are buying gold in GBP.  The price of gold might be $750 USD but at the same time it could be £1500 GBP as other fiat depreciates against the strengthening dollar. Are members going to take the chance the USD will strongly appreciate and sell all your gold for USD and hold these on that chance?

If it does I’ll still be stacking it. Money supply still exceeding mining capacity.

Friend in hong kong says china is shipping gold in to prop up the markets. Markets could collapse tomorrow. Gold price? Up or down?

Decent read
https://talkmarkets.com/content/commodities/gold-big-difference-which-kind-of-hedge-it-truly-is?post=232347

Thanks to Chris for allowing a Half Sov thread enjoy👍
1817 MS64
1818 MS65
1824 MS65 Single Finest
1838 MS65 Top Pop
1853 MS64 Top Pop
1874 MS64 Single Finest
1885 MS64 Top Pop
1894 MS65 Single Finest
1901 MS65 Top Pop
1906 MS65 Top Pop
1910 MS65 Top Pop
1911 MS65 Top Pop
1914 MS65 Top Pop

Not for long, that is why im short and have added up here, its a spectacular investment to be short Gold here is my opinion

Commercials are net short 278000 futures contracts, ive explained previously the likely outcome and that I am short with a target price of $400! 

What kind of investment mentality is that. Go all in and hope!? Why not just play roulette, at least then the returns don't take 7 years to materialise 
Oh fair enough. 👍

What kind of investment mentality is that. Go all in and hope!? Why not just play roulette, at least then the returns don't take 7 years to materialise 
Oh fair enough. 👍

What kind of investment mentality is that. Go all in and hope!? Why not just play roulette, at least then the returns don't take 7 years to materialise 
Oh fair enough. 👍

What kind of investment mentality is that. Go all in and hope!? Why not just play roulette, at least then the returns don't take 7 years to materialise 
Oh fair enough. 👍

Ive given in to the pressure and gone all in on gold with all the spare cash i had. Just hope it goes up from here.
Cant wait to recieve my new haul.... a single 1/40 ounce gold britannia its not much, but its better then nowt hahaha 

This is right, there is a myth that silver is money and acts as an inflation hedge.
Silver performs well when gold is running, see 2005 - 2011, it follows gold. Since the last run in gold ended, silver has not kept pace with inflation. Silver price is also subject to demand pressures from industry.
Therefore silver is a speculators proxy for gold and an industrial metal. Silver is what you want if you think gold will run and/or there is an industrial case forming. Silver is not money. 
The GBP/US$ price of silver is the same today as it was when I started buying in 2014. Gold is double what it was in 2014 in GBP. Clearly silver has not acted as money for my small part. Industrial demand per ounce has done nothing exciting for the period and is roughly where it was 7 years ago. Even then silver should be higher in GBP via inflation but it has not provided that. Silver is not an inflation hedge.
We have some evidence that silver is a gold proxy and an industrial metal, and not money and not an inflation hedge. The question then to ask - do you want to buy silver as a speculator. That's it. Forget about the inflation and monetary arguments. Gold can address those factors but silver is the wrong vehicle. 
Is silver worth buying or a waste of time; 
Will expected movements in the gold price, increase demand for silver as a gold proxy?
Is there a viable case for increasing industrial demand? 
From what I have seen, I believe there is a long term case for both to the point silver will be one of the best performing. Short term I have my doubts, about gold for my own reasons and about industrial demand for more obvious reasons.

Sell half at 100% and the rest of the stack is free - free ride up to $5000 or down to $400, who cares its not your money. 
Right? 

This is right, there is a myth that silver is money and acts as an inflation hedge.
Silver performs well when gold is running, see 2005 - 2011, it follows gold. Since the last run in gold ended, silver has not kept pace with inflation. Silver price is also subject to demand pressures from industry.
Therefore silver is a speculators proxy for gold and an industrial metal. Silver is what you want if you think gold will run and/or there is an industrial case forming. Silver is not money. 
The GBP/US$ price of silver is the same today as it was when I started buying in 2014. Gold is double what it was in 2014 in GBP. Clearly silver has not acted as money for my small part. Industrial demand per ounce has done nothing exciting for the period and is roughly where it was 7 years ago. Even then silver should be higher in GBP via inflation but it has not provided that. Silver is not an inflation hedge.
We have some evidence that silver is a gold proxy and an industrial metal, and not money and not an inflation hedge. The question then to ask - do you want to buy silver as a speculator. That's it. Forget about the inflation and monetary arguments. Gold can address those factors but silver is the wrong vehicle. 
Is silver worth buying or a waste of time; 
Will expected movements in the gold price, increase demand for silver as a gold proxy?
Is there a viable case for increasing industrial demand? 
From what I have seen, I believe there is a long term case for both to the point silver will be one of the best performing. Short term I have my doubts, about gold for my own reasons and about industrial demand for more obvious reasons.

I collect gold for both investment and numismatic reasons. I love to regale forum members with the history of the royal characters on my sovereigns. The coins wouldn’t be as interesting if they were just blank gold discs. My first introduction to gold first came through the constant James Bond Goldfinger repeats on TV which gave me the impression that you must be some kind of villainous zillionaire to own any kind of gold. The glamour of gold caught my attention all the same and I ordered a sovereign from the Royal Mint as well as a limited edition Lord of the Rings gold ring with Elvish inscription. Unfortunately, I sold off both items to some unscrupulous pawnbrokers at a big loss. However, those first gold purchases were enough to whet my appetite for more of the yellow metal.

Chris A is saying cup pattern to complete 12 -18 months, then breakout. Will fail a number of times near $1800 before it breaks through. Mid to late 2021 for the breakout on this time line.
I am still hoping for a handle to go with that cup! 2-3 years before breakout imo. 
No one knows.