Dave,

I watched a piece of the video. Rather than comment on his work, I will simply say this is how I view the trading world.

My trading perspective in order:
1. Find the secular trend.
2. Trade in sympathy with the trend.
3. Leverage markets control price. Thus, to trade in sympathy, one must learn to follow leverage.
4. Time. Gann was the master of time. Everything trades within cycles of time. When time is up, price will follow.
5. Technical analysis based on the strength of the tape.

Analysis that jumps straight to TA is too limited.

The real question is where does gold go from here?

I have spoken of a D-wave retest (not necessarily to the lows). The gold market is all about control. Control within a losing battle, and their action are limited by time. These guys are not stupid, they know when to back away.

CIGA Eric

^[1]

March Housing Starts
CIGA Eric

Truth comes at a price, consider subscribing to it.

- Housing Still Bottom-Bouncing
- Production Set to Soften

"No. 292: March Housing Starts, Industrial Production"
http://www.shadowstats.com/ ^[2]

Mr. Williams (Shadowstats.com),

Just in case you visit here, it sure is. Bouncing from an oversold reading is relatively easy. Keep it going from here, not so easy.

Housing Starts And Change YOY:
^[3]

Building Permits And Change YOY
^[4]

Source: shadowstats.com ^[5]

More… ^[6]