{"id":55719,"date":"2021-10-23T08:00:40","date_gmt":"2021-10-23T12:00:40","guid":{"rendered":"https:\/\/www.ino.com\/blog\/?p=55719"},"modified":"2021-10-22T18:17:37","modified_gmt":"2021-10-22T22:17:37","slug":"gold-a-thing-of-beauty","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/","title":{"rendered":"Gold; A Thing Of Beauty..."},"content":{"rendered":"

Gold calmly continues cobbling its Handle; Miners lay in wait.<\/p>\n

You see, there is all this noise out there. It comes mostly from inflationists touting gold in the same breath as copper, as oil, and as commodities of all flavors (and aside from gold and, to a degree, silver, those flavors are cyclical).<\/p>\n

But you also see, gold is counter-cyclical in its best suit. You see on this monthly chart that gold has been forming its Handle to the bullish Cup ever since the inflation trades came to the fore in the summer of 2020. Therefore, you see that those touting gold and inflation together have been wrong for over a year now (and counting).<\/p>\n

For those dealing in reality instead of dogma, gold is a candidate to break the Handle at any time. Then it would be off to the target at 3000+ over the course of a year or more. But reality holds another option as well, and that is to finish the Handle making lower.<\/p>\n

So why not tune out the perma-pompoms in real-time, realize that the thing is bullish, but the trigger is either coming sooner or<\/em>\u00a0later? We are doing that more focused work in\u00a0NFTRH<\/a>\u00a0and associated updates every week and will be on the spot when the proper signals engage.<\/p>\n

This chart was created in 2020 as gold spiked to an all-time high and reversed (into the then-projected Handle).<\/p>\n

\"\"<\/a><\/p>\n

I call gold a thing of beauty because that is what the chart above is and has been since we began calling for the Cup\u2019s Handle to be made in real-time in the summer of 2020. Said Handle has taken longer than I originally expected, but so much the better. When it finally breaks, it\u2019s going to make heads spin and much of that spinning with be in the heads of inflationists wondering \u2018whaah whaah whaah\u2026 happened???\u2019<\/p>\n

As for gold stocks, let\u2019s note the slightest of hints in the HUI\/SPY ratio on the daily chart and\u2026<\/p>\n

\"\"<\/a><\/p>\n

Dialing out to Huey\u2019s big picture as well, we note that the current bounce (which we anticipated in advance with some starts and stops due to the sector\u2019s oversold status and sentiment profile in September) came from a logical support area.<\/p>\n

The rally has now registered two of our three bounce objectives (also managed in\u00a0NFTRH<\/a> every step of the way). If the macro indicators (one example is just above) swing positive, let\u2019s be open-minded about the possibility that it\u2019s \u2018correction over.\u2019 But if they don\u2019t, also please be aware that there are lower targets within this still-bullish big picture view of HUI, which was originally projected as an A-B-C upward correction and came within a teeny of our 375 target last year as NFTRH subscribers of that time know.<\/p>\n

\"\"<\/a><\/p>\n

The current bounce came at support target #1, but there are two more lower, and depending upon the macro, they should be respected by right-minded bulls. Wrong-minded bulls can, well, you know\u2026<\/p>\n

\"\"<\/a>As a reminder, to this point, the macro has been set up wrong for gold and especially gold stocks, which leverage gold\u2019s standing within the greater macro. And so the Macrocosm chimes in again to ask one-way gold bugs why they did not listen when this graphic was presented a year ago when it could have helped some people avoid losses (or sitting out gains in other areas) at the hands of the ladies above.<\/p>\n

\"\"<\/a><\/p>\n

A turn can come about next week, next month, or next year. But when the \u2018good\u2019 (i.e., cyclical) inflation fails and the world swings counter-cyclical as Gold\/Commodities and Gold\/Stock Markets reverse and inflated economies start to fail (under either deflationary or stagflationary pressure), the time will be at hand.<\/p>\n

Meanwhile, the Handle\/correction on gold and HUI monthly charts have not yet broken trend. Reality.<\/p>\n

First-time subscribers are welcome to give NFTRH a spin for two weeks free<\/a>, with no strings attached (no further commitment upon cancellation within 2 weeks), to get a feel for how we manage these complex markets and stay on the right side of them.<\/p>\n

There is a lot of noise out there as players are banking coin due to the speculation instigated by the Fed\u2019s monetary\u00a0 (as printed) inflation and the government\u2019s fiscal (as pushed) inflation. It will not always be this way. Gold and especially gold stocks are counter-cyclical.<\/p>\n

Have a nice weekend.<\/p>\n

Best,
\nGary Tanashian<\/a><\/p>\n

For \u201cbest of breed\u201d top-down analysis of all major markets, subscribe to NFTRH Pre<\/strong>mium<\/strong><\/a>, which includes an in-depth weekly\u00a0market report<\/strong>, detailed\u00a0market updates,<\/strong>\u00a0and\u00a0NFTRH+\u00a0<\/strong>dynamic updates and chart\/trade setup ideas. Subscribe by\u00a0PayPal<\/strong>\u00a0or\u00a0credit card<\/strong>\u00a0using a button on the right sidebar (if using a mobile device you may need to scroll down). Keep up to date with actionable public content at\u00a0NFTRH.com<\/a>\u00a0by using the\u00a0email form on the right sidebar<\/strong>. Follow via\u00a0Twitter<\/strong>\u00a0@NFTRHgt<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold calmly continues cobbling its Handle; Miners lay in wait. You see, there is all this noise out there. It comes mostly from inflationists touting gold in the same breath as copper, as oil, and as commodities of all flavors (and aside from gold and, to a degree, silver, those flavors are cyclical). But you […]<\/p>\n","protected":false},"author":31,"featured_media":55721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6920],"tags":[3438,4273,23,15598,7526,9526],"class_list":["post-55719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ino-com-contributors","tag-chart-analysis","tag-gary-tanashian","tag-gold","tag-gold-xauusdo","tag-gold-chart-analysis","tag-notes-from-the-rabbit-hole-nftrh"],"yoast_head":"\nGold; A Thing Of Beauty... - INO.com Trader's Blog<\/title>\n<meta name=\"description\" content=\"Gold has been forming its Handle to the bullish Cup ever since the inflation trades came to the fore in the summer of 2020.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold; A Thing Of Beauty... - INO.com Trader's Blog\" \/>\n<meta property=\"og:description\" content=\"Gold has been forming its Handle to the bullish Cup ever since the inflation trades came to the fore in the summer of 2020.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader's Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-23T12:00:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-22T22:17:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2021\/10\/Monthly-Gold-Chart.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gary Tanashian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gary Tanashian\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/\"},\"author\":{\"name\":\"Gary Tanashian\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/767240b088a4ec9cf7d79fa609674991\"},\"headline\":\"Gold; A Thing Of Beauty...\",\"datePublished\":\"2021-10-23T12:00:40+00:00\",\"dateModified\":\"2021-10-22T22:17:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/\"},\"wordCount\":826,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2021\/10\/Monthly-Gold-Chart.jpg\",\"keywords\":[\"chart analysis\",\"Gary Tanashian\",\"Gold\",\"Gold (XAUUSDO)\",\"Gold Chart Analysis\",\"Notes From The Rabbit Hole (NFTRH)\"],\"articleSection\":[\"INO.com Contributors\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/\",\"url\":\"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/\",\"name\":\"Gold; A Thing Of Beauty... - INO.com Trader's Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2021\/10\/Monthly-Gold-Chart.jpg\",\"datePublished\":\"2021-10-23T12:00:40+00:00\",\"dateModified\":\"2021-10-22T22:17:37+00:00\",\"description\":\"Gold has been forming its Handle to the bullish Cup ever since the inflation trades came to the fore in the summer of 2020.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/#primaryimage\",\"url\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2021\/10\/Monthly-Gold-Chart.jpg\",\"contentUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2021\/10\/Monthly-Gold-Chart.jpg\",\"width\":1200,\"height\":628,\"caption\":\"Gold\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ino.com\/blog\/#website\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"name\":\"INO.com Trader's Blog\",\"description\":\"Expert Charts, Trading Tips and Technical Analysis from INO.com\",\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ino.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\",\"name\":\"INO.com Trader's Blog\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"contentUrl\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"width\":400,\"height\":472,\"caption\":\"INO.com Trader's Blog\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/inocom\/\",\"https:\/\/www.linkedin.com\/company-beta\/1056449\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/767240b088a4ec9cf7d79fa609674991\",\"name\":\"Gary Tanashian\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c779c150dcd68c10e3a5ea0eb0997d91?s=96&d=identicon&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c779c150dcd68c10e3a5ea0eb0997d91?s=96&d=identicon&r=pg\",\"caption\":\"Gary Tanashian\"},\"sameAs\":[\"https:\/\/nftrh.com\/\"],\"url\":\"https:\/\/wwwtest.ino.com\/blog\/author\/gary-tanashian\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Gold; A Thing Of Beauty... - INO.com Trader's Blog","description":"Gold has been forming its Handle to the bullish Cup ever since the inflation trades came to the fore in the summer of 2020.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/","og_locale":"en_US","og_type":"article","og_title":"Gold; A Thing Of Beauty... - INO.com Trader's Blog","og_description":"Gold has been forming its Handle to the bullish Cup ever since the inflation trades came to the fore in the summer of 2020.","og_url":"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/","og_site_name":"INO.com Trader's Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2021-10-23T12:00:40+00:00","article_modified_time":"2021-10-22T22:17:37+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2021\/10\/Monthly-Gold-Chart.jpg","type":"image\/jpeg"}],"author":"Gary Tanashian","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Gary Tanashian","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/#article","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/"},"author":{"name":"Gary Tanashian","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/767240b088a4ec9cf7d79fa609674991"},"headline":"Gold; A Thing Of Beauty...","datePublished":"2021-10-23T12:00:40+00:00","dateModified":"2021-10-22T22:17:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/"},"wordCount":826,"commentCount":0,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/#primaryimage"},"thumbnailUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2021\/10\/Monthly-Gold-Chart.jpg","keywords":["chart analysis","Gary Tanashian","Gold","Gold (XAUUSDO)","Gold Chart Analysis","Notes From The Rabbit Hole (NFTRH)"],"articleSection":["INO.com Contributors"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/","url":"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/","name":"Gold; A Thing Of Beauty... - INO.com Trader's Blog","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/#primaryimage"},"image":{"@id":"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/#primaryimage"},"thumbnailUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2021\/10\/Monthly-Gold-Chart.jpg","datePublished":"2021-10-23T12:00:40+00:00","dateModified":"2021-10-22T22:17:37+00:00","description":"Gold has been forming its Handle to the bullish Cup ever since the inflation trades came to the fore in the summer of 2020.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/2021\/10\/gold-a-thing-of-beauty\/#primaryimage","url":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2021\/10\/Monthly-Gold-Chart.jpg","contentUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2021\/10\/Monthly-Gold-Chart.jpg","width":1200,"height":628,"caption":"Gold"},{"@type":"WebSite","@id":"https:\/\/www.ino.com\/blog\/#website","url":"https:\/\/www.ino.com\/blog\/","name":"INO.com Trader's Blog","description":"Expert Charts, Trading Tips and Technical Analysis from INO.com","publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ino.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ino.com\/blog\/#organization","name":"INO.com Trader's Blog","url":"https:\/\/www.ino.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","contentUrl":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","width":400,"height":472,"caption":"INO.com Trader's Blog"},"image":{"@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/inocom\/","https:\/\/www.linkedin.com\/company-beta\/1056449\/"]},{"@type":"Person","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/767240b088a4ec9cf7d79fa609674991","name":"Gary Tanashian","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c779c150dcd68c10e3a5ea0eb0997d91?s=96&d=identicon&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c779c150dcd68c10e3a5ea0eb0997d91?s=96&d=identicon&r=pg","caption":"Gary Tanashian"},"sameAs":["https:\/\/nftrh.com\/"],"url":"https:\/\/wwwtest.ino.com\/blog\/author\/gary-tanashian\/"}]}},"_links":{"self":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/55719"}],"collection":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/comments?post=55719"}],"version-history":[{"count":0,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/55719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media\/55721"}],"wp:attachment":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media?parent=55719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/categories?post=55719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/tags?post=55719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}