We’re finally getting some good longer term bullish momentum on gold, which had been basing for the last few years. A long-spanning base after a correction is good for the long-term health of a bull market.
I’d like to share with you a chart I recently annotated with technical analysis, in the hopes it can help us to understand what’s going on in this fascinating market.
View the full interactive chart yourself here!
Here we have the longer-term chart, showing gold’s run-up to the $1,900 range and the subsequent correction to $1050. I’ve started by drawing the following:
When we zoom in, we can see gold breaking out of the long-term green wedge, bouncing along the top of the wedge and then breaking out to form the channel we have today. It truly is amazing to see how strongly markets respond to trend lines!
When we continue to zoom in, we can see bullish flags forming stair steps as the channel matures. Each of these stair steps appears to settle on a different level of the long-term Fibonacci’s.
Further into the deep dive, we we reach more towards the present, we can see just how strong the reactions are off the old bottoms which have become overhead resistance. The old resistance levels drew it up like a magnet then repelled it. Yet it continues to test it for the time being.
At the final level of zoom, we can see up-close the reaction off the the $1,534 area which dumped all the way to about $1486!
Gold is looking very bullish and while it may correct in the near term, it’s looking like gold will perform very well overall this year. We may very well see a return to the $1,900 range in the near future.
When I wake up in the morning, particularly on a weekend morning, when there’s more time, one of the often recurring thoughts I have, is in regards to all of the avoidable mistakes I’ve made; how they’ve followed me around to this day. This is a thought that I’ve had for much of my adult life, even as the stages of adulthood progress.
While I eventually clean up, whatever can be cleaned up, as a consequence of my mistakes; inevitably new avoidable mistakes are made to fill the vacuum. I suppose that many of these mistakes are only avoidable in retrospect; but at least I now know that most mistakes are not inevitable.
As painful as it is, to have this kind of reflection, there are valuable benefits to be had.
Facing the consequences of our actions is the feedback we get from the universe. If we’ve made mistakes, and we all have, then it clues us in on where our awareness is lacking and on where we should look to gain conscious mastery.
It seems that many of our mistakes are relatively easy to avoid, by developing awareness and mastery; but we’re not always aware of what we lack.
I believe the key is to continue to introspect, when a difficult problem arises, not simply make excuses or blame it on someone or something else. At some level, we typically do have responsibility, even if this responsibility is only partial.
Think deeply of the many different possibilities, of how you can re-emerge, even if it takes weeks or months to find a good path out. The best problem solving takes patience, unless you want to just create new problems.
Do this rather than surrender to dispar; because even if problems often do just go away, in many cases, they’ll often manifest in a different form, if you haven’t dealt with the underlying cause. Put in that extra effort now, to find real answers and develop genuine solutions, or pay tenfold, down the path, when the problems evolve and multiply.
Tags: Introspection, learning, mistakes
A week ago today, I started the next phase in my cleanse, a juice fast. This is something that I try to do, at least once a year, to help me break food addictions, enhance my self discipline, change dietary habits and maybe even clean out my body a bit. This year I’ve been integrating frozen, antioxidant rich smoothies as well, as a way of transitioning to lower calorie diet more gradually.
Its going really well so far. I’m feeling great and don’t miss the typical foods that much. I’d like to keep it going for as long as it feels right, maybe another week. Then I’d like to spend a few days water fasting.
Tags: fasting, fasting experience
I’m about a week into a pre-fast “detox” diet. So I’ve eliminated many of my relatively non-productive dietary vices like coffee, alcohol and for the most-part, processed sugar & flour. I’ve been eating mostly various vegetables, sprouts, microgreens, fruit, nuts, raw cheeses and fermented food; this often includes really densely packed wraps full of sprouts, avocado, sauerkraut, etc and wrapped in a sprouted wrap.
This has me feeling pretty good. I think just getting away from the caffeine, alcohol and sugar has helped tremendously. I am more aware of my environment, the subtleties in things and I’m thinking more broadly, rather than the more constrained perspective, which many of these chemicals encourage. I guess you could say, it helps the body to regulate itself, rather than forcing it with food-based chemicals.
Also of interest, I find that I still have plenty of energy and vitality even without the constant caffeine boosts I usually have, while I’m also able to wind down in the evening without the glass of wine, I still manage to stay motivated and feel great.
So I’m going to be eating the rest of this big cauldron of vegetable soup I cooked, which features some really tasty Japanese Sweet Potatoes and various peppers and other soup-friendly veggies. By the time that’s all gone and I’ve used up most of the cookable perishables, it will be time to switch to exclusively juice/smoothies for perhaps a week or so. Maybe a water fast for a few days at the end.
Tags: detox, fasting, fasting experience
Many of the dysfunctions in modern-day society can be understood, if only we understand how people are controlled. The way people are controlled is not some back-room conspiracy; but happens in broad daylight and is easily recognizable, once you begin to recognize the kinds of influences that are at work on most of the influential people in society.
by Milla Jovovich
We had this dream
Locked behind these wicked thoughts
You and i
We felt pain
Passed from him, to me, to you
Reaching out
Into the empty space
We lost our place
It’s your life
It’s your soul
It’s everything
You give to him
It’s my heart
In your hands
Keep it or just let it fall
Another stone
Placed in my wall
I brush away
The flaming hair across your cheek
To see these eyes
That lit my life
Now they’re cold and dark and gone
With your smile
I’ll cross this hopeless line
But don’t waste time
It’s your life
It’s your soul
It’s everything
You give to him
It’s my heart
In your hands
Keep it or just let it fall
Another stone
Placed in my wall
It’s your life
It’s your mind
Choices that you make my love
It’s my heart in your hands
Keep it or just let it fall
Another stone placed in my wall
Can’t we see above
This wall?
Tags: Milla Jovovich, Music
We delude ourselves
Into thinking…
That things are stable
That things are permanent
That we are loved
That someone is there for us
That there is a lasting source
Of happiness in this world
Its easy to see why
Because this is comforting
Despite being untrue
We seem to need
These illusions
To go on with our lives
To feel like we are embraced
Life, however
Is here to show us
That everything is imbalanced
Nothing is permanent
We are not as loved as we think
In the end, no-one
Is really there for us
Everything is fleeting
Everyone and everything goes its own way
People use one another
They get what they want
Then they move on
Even physical presence
Does not entail a true connection
As the celestial wheel turns
People grow apart
In ways that even distance
Cannot accomplish
To think of this
Brings about sadness
Brings about suffering
Its not what we want
It is somewhat terrifying
We want something real
We want something true
We want something profound
We want something lasting
We want a life that matters
We want to sing
From the depths of our souls
We want to embrace our loved ones
We want to know that they will alway be there for us
Maybe I’m a hopeless romantic
But I believe
That it is possible
The question is just
How it is possible
That’s the great mystery
That we are here to uncover
Young girl in the market
Music to the men
When the men leave
Her eyes are red
When her eyes are closed again she sees the dark market of above
And she sings
‘They say the most horrible things
But I hear violins, when I close my eyes
I am at the center of the sun
And I cannot be hurt
By anything this wicked world has done’
Young boy in the market
Follows all the men
When the men leave
He’s out of his head
When his eyes are closed again he sees the dark market of above
And he sings
‘They break the most beautiful things
But I hear violins, when I close my eyes
I am at the center of the sun
And I cannot be hurt
By anything this wicked world has done
I look into your eyes
And I am at the center of the sun
And I cannot be hurt
By anything this wicked world has done’
Center of the sun
Young boy in the market
Sees the girl alone
And asks her
‘Have you lost your way home?’
She sings
‘You say the most beautiful things, just like my violins’
I look into your eyes
I am at the center of the sun
And I cannot be hurt
By anything this wicked world has done
When I close my eyes
I am at the center of the sun
And I cannot be hurt
By anything this wicked world has done
‘Cause
I hear violins
I hear violins
I hear violins
I hear violins
Center of the sun
Tags: Conjure One, Music, spirituality
The comforting hum
Of the celestial wheel
Timeless and predictable
Ever the same
Yet varied slightly
With every turn
Tags: Poetry