{"id":12326,"date":"2015-09-09T22:00:56","date_gmt":"2015-09-10T02:00:56","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=12326"},"modified":"2015-09-09T22:00:56","modified_gmt":"2015-09-10T02:00:56","slug":"gold-the-next-leg-down","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/09\/gold-the-next-leg-down\/","title":{"rendered":"Gold: The next leg down"},"content":{"rendered":"<p>Spot Gold respected resistance at $1180\/ounce and is headed for another test of support at $1080. Declining 13-week Twiggs Momentum with peaks below zero confirms a strong primary down-trend. Breach of support at $1080 would offer a target of $1000\/ounce*.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"363\" alt=\"Spot Gold\" title=\"Spot Gold\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-09-10-gold.png?resize=525%2C363&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 1200 &#8211; ( 1400 &#8211; 1200 ) = 1000<\/p>\n<p>Barrick Gold, one of the largest global gold producers, has already broken support at $6.50, signaling another decline (with a target of $4.50).<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"363\" alt=\"Barrick Gold\" title=\"Barrick Gold\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-09-10-abx.png?resize=525%2C363&#038;ssl=1\" \/><\/p>\n<p>The Gold-Oil ratio remains in <em>overbought<\/em> territory above 20, suggesting continuation of the bear market for gold.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"363\" alt=\"Gold-Oil ratio\" title=\"Gold-Oil ratio\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-09-10-gold-oil.png?resize=525%2C363&#038;ssl=1\" \/><\/p>\n<p>Long-term crude prices have resumed their fall, with June 2017 (CLM2017) futures headed for another test of support at $48\/barrel after a bear rally respected the descending trendline. If long-term crude prices break support at $48, gold is not likely to hold above $1000\/ounce.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"445\" alt=\"WTI Light Crude June 2017 Futures\" title=\"WTI Light Crude June 2017 Futures\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-09-10-clm2017.png?resize=525%2C445&#038;ssl=1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spot Gold respected resistance at $1180\/ounce and is headed for another test of support at $1080. Declining 13-week Twiggs Momentum with peaks below zero confirms a strong primary down-trend. Breach of support at $1080 would offer a target of $1000\/ounce*. * Target calculation: 1200 &#8211; ( 1400 &#8211; 1200 ) = 1000 Barrick Gold, one &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/09\/gold-the-next-leg-down\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold: The next leg down&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[44,9],"tags":[113,387,712,1587,3204],"class_list":["post-12326","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","category-gold-precious-metals","tag-abx","tag-barrick-gold","tag-clm2017","tag-gold-oil-ratio","tag-spot-gold"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gold: The next leg down - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold: The next leg down - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Spot Gold respected resistance at $1180\/ounce and is headed for another test of support at $1080. Declining 13-week Twiggs Momentum with peaks below zero confirms a strong primary down-trend. Breach of support at $1080 would offer a target of $1000\/ounce*. * Target calculation: 1200 &#8211; ( 1400 &#8211; 1200 ) = 1000 Barrick Gold, one &hellip; Continue reading &quot;Gold: The next leg down&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/09\/gold-the-next-leg-down\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-10T02:00:56+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2015\/2015-09-10-gold.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/09\\\/09\\\/gold-the-next-leg-down\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/09\\\/09\\\/gold-the-next-leg-down\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Gold: The next leg down\",\"datePublished\":\"2015-09-10T02:00:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/09\\\/09\\\/gold-the-next-leg-down\\\/\"},\"wordCount\":126,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/09\\\/09\\\/gold-the-next-leg-down\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-09-10-gold.png\",\"keywords\":[\"ABX\",\"Barrick Gold\",\"CLM2017\",\"Gold-Oil Ratio\",\"Spot Gold\"],\"articleSection\":[\"Crude Oil &amp; Natural Gas\",\"Gold &amp; Precious Metals\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/09\\\/09\\\/gold-the-next-leg-down\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/09\\\/09\\\/gold-the-next-leg-down\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/09\\\/09\\\/gold-the-next-leg-down\\\/\",\"name\":\"Gold: The next leg down - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/09\\\/09\\\/gold-the-next-leg-down\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/09\\\/09\\\/gold-the-next-leg-down\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-09-10-gold.png\",\"datePublished\":\"2015-09-10T02:00:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/09\\\/09\\\/gold-the-next-leg-down\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/09\\\/09\\\/gold-the-next-leg-down\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/09\\\/09\\\/gold-the-next-leg-down\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-09-10-gold.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-09-10-gold.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/09\\\/09\\\/gold-the-next-leg-down\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold: The next leg down\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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When the oil price is high, demand for gold, anticipating rising inflation, is normally strong. The current plunge in oil\u2026","rel":"","context":"In &quot;Fixed Income&quot;","block_context":{"text":"Fixed Income","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/fixed-income\/"},"img":{"alt_text":"Gold-Oil ratio","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-06-gold-oil.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-06-gold-oil.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-06-gold-oil.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12049,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/13\/gold-is-barrick-next\/","url_meta":{"origin":12326,"position":1},"title":"Gold: Is Barrick next?","author":"ColinTwiggs","date":"July 13, 2015","format":false,"excerpt":"The Gold Bugs Index \u2014 representing un-hedged gold stocks \u2014 broke primary support at 150, warning of a bear market for gold. Major producer Barrick Gold is testing primary support at $10. Peaks below zero on 13-week Twiggs Momentum already indicate a primary down-trend. Breach of support would confirm, offering\u2026","rel":"","context":"In &quot;Gold &amp; Precious Metals&quot;","block_context":{"text":"Gold &amp; Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"Gold Bugs Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-14-hui.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-14-hui.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-14-hui.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":11777,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/05\/06\/gold-and-the-1200-support-level\/","url_meta":{"origin":12326,"position":2},"title":"Gold and the $1200 &#8216;support&#8217; level","author":"ColinTwiggs","date":"May 6, 2015","format":false,"excerpt":"Barrick Gold failed to break resistance at 13.50 and looks set to continue ranging between 10.00 and 13.50. The consolidation is not an indication of reversal in the primary down-trend. Inflation-adjusted price of gold (USD price divided by US consumer price index) is well above its historic long-term average, indicating\u2026","rel":"","context":"In &quot;Gold &amp; Precious Metals&quot;","block_context":{"text":"Gold &amp; Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"Barrick Gold","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-05-07-abx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-05-07-abx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-05-07-abx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12076,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/17\/gold-crashes-through-primary-support\/","url_meta":{"origin":12326,"position":3},"title":"Gold crashes through primary support","author":"ColinTwiggs","date":"July 17, 2015","format":false,"excerpt":"Gold broke primary support at $1140\/ounce, signaling a decline to the target of $1000*. 13-Week Twiggs Momentum peaks below zero have been warning of this for some time. * Target calculation: 1200 - ( 1400 - 1200 ) = 1000 Major producer Barrick Gold also broke primary support, at $10,\u2026","rel":"","context":"In &quot;Gold &amp; Precious Metals&quot;","block_context":{"text":"Gold &amp; Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"Spot Gold","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-18-gold.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-18-gold.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-18-gold.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":13778,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/17\/gold-crashes-through-primary-support-2\/","url_meta":{"origin":12326,"position":4},"title":"Gold crashes through primary support","author":"ColinTwiggs","date":"July 17, 2015","format":false,"excerpt":"Gold broke primary support at $1140\/ounce, signaling a decline to the target of $1000*. 13-Week Twiggs Momentum peaks below zero have been warning of this for some time. * Target calculation: 1200 - ( 1400 - 1200 ) = 1000 Major producer Barrick Gold also broke primary support, at $10,\u2026","rel":"","context":"In &quot;Market Insights&quot;","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"Spot Gold","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-18-gold.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-18-gold.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-18-gold.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12032,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/09\/gold-bugs-warn-of-a-bear-market\/","url_meta":{"origin":12326,"position":5},"title":"Gold Bugs warn of a bear market","author":"ColinTwiggs","date":"July 9, 2015","format":false,"excerpt":"Silver is testing long-term support at $15\/ounce. Breach is likely, with 13-week Twiggs Momentum peaking below zero, indicating continuation of the down-trend. Gold is similarly testing primary support at $1140\/ounce. 13-Week Twiggs Momentum also peaked below zero, suggesting continuation of the down-trend. Breach of support would offer a target of\u2026","rel":"","context":"In &quot;Fixed Income&quot;","block_context":{"text":"Fixed Income","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/fixed-income\/"},"img":{"alt_text":"Silver","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-09-silver.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-09-silver.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-09-silver.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/12326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=12326"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/12326\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=12326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=12326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=12326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}