I urge you to read "Value Investing Has Benefits BUT..." (www.munknee.com/value-investing-has-benefits-but/) to complement the above article. It has some very interesting facts, tables, and insights.

The statement by Ashton that " since 2009...the distinction of “growth” and “value” are now less important than the single factor 'momentum'".

That being the case it is imperative to better understand exactly how "momentum" is impacting your securities of interest and this article (www.munknee.com/timing-the-market-using-momentum-indicators/) does just that.

Specifically, it:

>assesses the relative levels of greed and fear in the market at a given point in time,

>outlines the 6 most popular momentum indicators and

>explains how, why and where they should each be used.

If properly applied the above momentum indicators go a long way to support my article's opening sentence "Yes, you can time the market!" Do you agree?

Ethereum was trading at $91 just 6 weeks ago up 10,000% from 16 months earlier according to an article by Wolf Richter (www.munknee.com/ethereum-cryptocurrency-up-10000-in-16-months-these-3-charts-depict-the-financial-miracles-of-our-crazy-times/). Today it is trading at $265, up an additional 191% albeit down from a peak near $400 earlier this month of June.

Taki believes that "if the price of Ethereum continues to fall... it is truly imperative that 150 USD holds, as that is the support area of the bull trend."

Surely it won't fall that low. What do you think?

Check out the stocks mentioned in this article as well: www.munknee.com/if-any-of-these-5-low-peg-ratio-companies-meetbeat-earnings-expectations-their-stock-prices-should-take-off/

Alf, I notice that you wrote your article an hour before gold plummeted and note your insightful comment that " if prices break down below the 1249/7 area, I think the market will revisit 1240/39, the top of the weekly cloud. Closing below the 1239 level would be negative sign and open a path to 1232/0." Here's an update on the gold plunge today and what other authors have been saying about the future price movement in gold as they see it: Gold dropped through its 200-day moving average of $1241 this Monday morning >dropping almost $11 in one swell swoop at 3:55AM >hitting a low of $1,239.01 at 8:20AM >before bouncing up to $1,245.81 mid-morning >before beginning to decline once again (down to $1,244.33 at mid-day). Interestingly, 1. AG Thorson contends in a TalkMarkets article (www.talkmarkets.com/.../metals-and-miners-are-bouncing) that: >A breakout in the dollar should lead to a 1-3 month rally. Precious Metals and Miners are expected to descend into their 6-Months lows as this occurs... >Prices could rally a bit more, but the bounce should finish next week. Once complete, we should see a breakdown below the intermediate trendline. >A rally above $1,300 would invalidate our forecast for a 6-Month low." 2. Mark Baillie comments in his TalkMarkets article (www.talkmarkets.com/.../gold-docks-in-its-box) that: >"Week-after week, we've gone on ad nausea about Gold's "1240-1280 resistance zone... >'Course, the prior week, Gold only barely breached the upside 1280 boundary before again falling back. >Perhaps we ought forget "support" and "resistance" and simply go with the "1240-1280 box" and leaves it at that. 3. Jordan Roy-Byrne in a TalkMarkets article (www.talkmarkets.com/.../gold--gold-stocks-nearing-a-big-move) says: >"Gold needs to break $1300 and GDX needs to retest $25 again... >Until the Gold sector can attain those marks then the bias for the next big move...should remain to the downside. That is why we remain cautious." 4. Hubert Moolman agrees illustrating that fact in a graph in an article (www.munknee.com/gold-chart-says-a-massive-move-up-or-down-is-imminent/) that shows that: ">Gold is currently trading near a critical 6-year resistance line that the gold price has to overcome, for the continuation of the gold bull market. >Since price has now failed more than four times at the line, there is a great chance that we could see a big drop. >If the price is to turn around and break through the resistance line, then a great amount of energy is required to fuel such a move – and that can only come from a collapse of a big market like the general stock market, or the bond market. >When gold breaks through the resistance line, however, we will see a gold rally like that of 1979/1980." Moolman also maintains in the same article that "there is a peculiar fractal that suggests the current situation for gold is very similar to that of May 1979, just before the massive rise in gold" illustrating that possibility/likelihood in a long-term gold chart which is self-explanatory. 5. Sean Brodrick looks at it slightly differently but comes to the same conclusion, more or less, saying in www.munknee.com/this-could-be-the-most-important-gold-pullback-ever-to-consider-buying-into-heres-why/ that >"if gold breaks its 200 day support (at $1,241)…THAT would be a heck of a buying opportunity. >IF we break support...then you should buy gold and miners with both hands because that will likely mark the beginning of the next Mega Bull trend. > The market won’t really turn bullish on gold again, however, until it pushes up through $1300." I'd like to hear from anyone who would like to expand on what Thorson, Mark, Jordan, Hubert or Sean have had to say. Is this a turning point? Is gold about to plummet further to its 6-month low or is it the beginning of a new gold bull?

Here's an update on the gold plunge today and what other authors have been saying about the future price movement in gold:

Gold dropped through its 200-day moving average of $1241 this Monday morning >dropping almost $11 in one swell swoop at 3:55AM

>hitting a low of $1,239.01 at 8:20AM

>before bouncing up to $1,245.81 mid-morning

>before beginning to decline once again (down to $1,244.33 at mid-day).

Interestingly,

1. AG Thorson contends in a TalkMarkets article (www.talkmarkets.com/.../metals-and-miners-are-bouncing) that:

>A breakout in the dollar should lead to a 1-3 month rally. Precious Metals and Miners are expected to descend into their 6-Months lows as this occurs...

>Prices could rally a bit more, but the bounce should finish next week. Once complete, we should see a breakdown below the intermediate trendline.

>A rally above $1,300 would invalidate our forecast for a 6-Month low."

2. Mark Baillie comments in his TalkMarkets article (www.talkmarkets.com/.../gold-docks-in-its-box) that:

>"Week-after week, we've gone on ad nausea about Gold's "1240-1280 resistance zone...

>'Course, the prior week, Gold only barely breached the upside 1280 boundary before again falling back.

>Perhaps we ought forget "support" and "resistance" and simply go with the "1240-1280 box" and leaves it at that.

3. Jordan Roy-Byrne in a TalkMarkets article (www.talkmarkets.com/.../gold--gold-stocks-nearing-a-big-move) says:

>"Gold needs to break $1300 and GDX needs to retest $25 again...

>Until the Gold sector can attain those marks then the bias for the next big move...should remain to the downside. That is why we remain cautious."

4. Hubert Moolman agrees illustrating that fact in a graph in an article (www.munknee.com/gold-chart-says-a-massive-move-up-or-down-is-imminent/) that shows that:

">Gold is currently trading near a critical 6-year resistance line that the gold price has to overcome, for the continuation of the gold bull market.

>Since price has now failed more than four times at the line, there is a great chance that we could see a big drop.

>If the price is to turn around and break through the resistance line, then a great amount of energy is required to fuel such a move – and that can only come from a collapse of a big market like the general stock market, or the bond market.

>When gold breaks through the resistance line, however, we will see a gold rally like that of 1979/1980."

Moolman also maintains in the same article that "there is a peculiar fractal that suggests the current situation for gold is very similar to that of May 1979, just before the massive rise in gold" illustrating that possibility/likelihood in a long-term gold chart which is self-explanatory.

5. Sean Brodrick looks at it slightly differently but comes to the same conclusion, more or less, saying in www.munknee.com/this-could-be-the-most-important-gold-pullback-ever-to-consider-buying-into-heres-why/ that

>"if gold breaks its 200 day support (at $1,241)…THAT would be a heck of a buying opportunity.

>IF we break support...then you should buy gold and miners with both hands because that will likely mark the beginning of the next Mega Bull trend.

> The market won’t really turn bullish on gold again, however, until it pushes up through $1300."

I'd like to hear from anyone who would like to expand on what Thorson, Mark, Jordan, Hubert or Sean have had to say.

Is this a turning point? Is gold about to plummet further to its 6-month low or the beginning of a new gold bull?

AG, you seem to be reading things very well.

Here's an update:

Gold dropped through its 200-day moving average of $1241 this Monday morning >dropping almost $11 in one swell swoop at 3:55AM

>hitting a low of $1,239.01 at 8:20AM

>before bouncing up to $1,245.81 mid-morning

>before beginning to decline once again (currently down to $1,243.59).

We may well be on our way to that 6-month low that you forecast.

Hey Mark, your "box" for gold remains intact in spite of temporarily dropping out of the box this AM. Here's an update:

Gold dropped through its 200-day moving average of $1241 this Monday morning >dropping almost $11 in one swell swoop at 3:55AM

>hitting a low of $1,239.01 at 8:20AM

>before bouncing up to $1,245.81 mid-morning

>before beginning to decline once again (currently down to $1,243.59).

Let's hope it reverses course to the top of the box and beyond.

Gold dropped through its 200-day moving average of $1241 this Monday morning >dropping almost $11 in one swell swoop at 3:55AM

>hitting a low of $1,239.01 at 8:20AM

>before bouncing up to $1,245.81 mid-morning

>before beginning to decline once again (currently down to $1,243.59).

I can see why Jordan remains cautious.

Thorson contends that:

>A breakout in the dollar should lead to a 1-3 month rally. Precious Metals and Miners are expected to descend into their 6-Months lows as this occurs...

>Prices could rally a bit more, but the bounce should finish next week. Once complete, we should see a breakdown below the intermediate trendline.

>A rally above $1,300 would invalidate our forecast for a 6-Month low."

Mark Baillie comments in his TalkMarkets article (www.talkmarkets.com/.../gold-docks-in-its-box) that:

>"Week-after week, we've gone on ad nausea about Gold's "1240-1280 resistance zone...

>'Course, the prior week, Gold only barely breached the upside 1280 boundary before again falling back.

>Perhaps we ought forget "support" and "resistance" and simply go with the "1240-1280 box" and leaves it at that.

For more indepth analyses of the current situation for gold check out the following 3 articles:

1. Jordan Roy-Byrne in a TalkMarkets article (www.talkmarkets.com/.../gold--gold-stocks-nearing-a-big-move) says:

>"Gold needs to break $1300 and GDX needs to retest $25 again...

>Until the Gold sector can attain those marks then the bias for the next big move...should remain to the downside. That is why we remain cautious."

2. Hubert Moolman agrees illustrating that fact in a graph in an article (www.munknee.com/gold-chart-says-a-massive-move-up-or-down-is-imminent/) that shows that:

">Gold is currently trading near a critical 6-year resistance line that the gold price has to overcome, for the continuation of the gold bull market.

>Since price has now failed more than four times at the line, there is a great chance that we could see a big drop.

>If the price is to turn around and break through the resistance line, then a great amount of energy is required to fuel such a move – and that can only come from a collapse of a big market like the general stock market, or the bond market.

>When gold breaks through the resistance line, however, we will see a gold rally like that of 1979/1980."

Moolman also maintains in the same article that "there is a peculiar fractal that suggests the current situation for gold is very similar to that of May 1979, just before the massive rise in gold" illustrating that possibility/likelihood in a long-term gold chart which is self-explanatory.

3. Sean Brodrick looks at it slightly differently but comes to the same conclusion, more or less, saying in www.munknee.com/this-could-be-the-most-important-gold-pullback-ever-to-consider-buying-into-heres-why/ that

>"if gold breaks its 200 day support (at $1,241)…THAT would be a heck of a buying opportunity.

>IF we break support...then you should buy gold and miners with both hands because that will likely mark the beginning of the next Mega Bull trend.

> The market won’t really turn bullish on gold again, however, until it pushes up through $1300."

Anyone taking issue with what Thorson, Mark, Jordan, Hubert or Sean have had to say? If so, I'd like to hear from you.