{"id":29223,"date":"2017-12-29T08:33:24","date_gmt":"2017-12-29T13:33:24","guid":{"rendered":"http:\/\/olduvai.ca\/?p=29223"},"modified":"2017-12-29T08:33:24","modified_gmt":"2017-12-29T13:33:24","slug":"gold-and-gold-stocks-patterns-cycles-and-insider-activity-part-1","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=29223","title":{"rendered":"Gold and Gold Stocks \u2013 Patterns, Cycles and Insider Activity, Part 1"},"content":{"rendered":"<div class=\"art-postmetadataheader\">\n<h3 class=\"art-postheader\"><a title=\"Permanent Link to Gold and Gold Stocks \u2013 Patterns, Cycles and Insider Activity, Part 1\" href=\"http:\/\/www.acting-man.com\/?p=52022\" rel=\"bookmark\">Gold and Gold Stocks \u2013 Patterns, Cycles and Insider Activity, Part 1 <\/a><\/h3>\n<\/div>\n<div class=\"art-postcontent\">\n<p><b>Repeating Patterns and Positioning <\/b><\/p>\n<p>A noteworthy confluence of patterns in gold and gold stocks is in evidence this year. At the close of trading on December 26, the HUI Index has given a (tentative) buy signal by completing a unique chart pattern, which is why we decided to briefly discuss the situation. As usual, things are not as straightforward and simple as they would ideally be, but there is always an element of uncertainty \u2013 one has to accept that as a given. Let us look at a chart illustrating one of said patterns:<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.acting-man.com\/blog\/media\/2017\/12\/1-CoTs-annotated.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-52023\" src=\"http:\/\/www.acting-man.com\/blog\/media\/2017\/12\/1-CoTs-annotated-1024x590.png\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" srcset=\"http:\/\/www.acting-man.com\/blog\/media\/2017\/12\/1-CoTs-annotated-1024x590.png 1024w, http:\/\/www.acting-man.com\/blog\/media\/2017\/12\/1-CoTs-annotated-300x173.png 300w, http:\/\/www.acting-man.com\/blog\/media\/2017\/12\/1-CoTs-annotated-768x442.png 768w\" alt=\"\" width=\"640\" height=\"369\" \/><\/a>This chart shows the gold price, the weekly net hedger position in gold futures (the inverse of the net speculative position), with the Fed\u2019s December rate hikes in 2015, 2016 and 2017 highlighted by red vertical lines. Keep in mind that the December 2015 hike was the start of the current rate hike campaign. In the weeks leading up to it, the gold market was in the grip of a bearish hysteria, just as it approached a major lateral support level. Nearly every day Bloomberg, Reuters and other mainstream financial media published articles by \u201cexperts\u201d no-one had ever heard of before (or since!), along with reports from analysts working for various well-known investment banks, all of whom stridently insisted that the beginning rate hike cycle was going to be the most bearish thing that could possibly befall the gold market, and that a further collapse in prices was nearly certain to coincide with it. Not surprisingly, <i>the exact opposite has happened.<\/i> You were definitely not surprised if you were reading this blog at the time \u2013 see for instance \u201c<u><a href=\"http:\/\/www.acting-man.com\/?p=42111\">Gold and the Federal Funds Rate<\/a><\/u>\u201d.<\/p>\n<\/div>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold and Gold Stocks \u2013 Patterns, Cycles and Insider Activity, Part 1 Repeating Patterns and Positioning A noteworthy confluence of patterns in gold and gold stocks is in evidence this year. At the close of trading on December 26, the HUI Index has given a (tentative) buy signal by completing a unique chart pattern, which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5728,3487,374,17701,17702,6170,2743],"class_list":["post-29223","post","type-post","status-publish","format-standard","hentry","category-economics","tag-acting-man","tag-cycles","tag-gold","tag-gold-stocks","tag-insider-trading","tag-pater-tenebrarum","tag-patterns"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/29223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29223"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/29223\/revisions"}],"predecessor-version":[{"id":29224,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/29223\/revisions\/29224"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}