1 hr 15 min
Bob Miner: Navigating the Future of Gold Prices at $2750 Palisades Gold Radio
-
- Investing
Bob Miner, a seasoned trader with over 40 years of experience, joined Tom Bodrovics on Palisades to discuss his insights on the current market trends. Bob emphasized that trends and countertrends are based on group psychology and cycles of optimism and pessimism. He shared a story about a "nephew indicator" that is more reliable than economic indicators for understanding market extremes.
Bob discussed his approach to trading in the foreign exchange (FOREX) market, highlighting the importance of understanding the underlying fundamentals and technicals of a currency pair. He also discussed the current state of the gold market, noting that it is currently in a bullish uptrend but may be approaching a potential sign of completion.
In addition, Bob discussed commodity and inflation indices, specifically focusing on uranium. He believes that uranium may be about to complete a correction before continuing its upward trend. Bob also emphasized the importance of having a plan in place for exiting positions if signs of a breakout failure appear.
Bob has been studying the U.S. election cycle and its impact on stock market trends for over 25 years, and he has developed a book that is considered the definitive guide to this topic. He provided a table showing the percentage gain for each month from the spring low to the summer high since 1952, indicating that there has only been one year when there was a loss from the spring low to the summer high.
Talking Points From This Episode
* The importance of understanding group psychology and cycles of optimism and pessimism in predicting market trends.
* The relevance of fundamentals and technicals in foreign exchange (FOREX) trading, especially in understanding currency pairs.
* The potential for a bullish uptrend in the gold market, but also the possibility of a sign of completion and the importance of having a plan in place for exiting positions.
Time Stamp References:0:00 - Introduction0:45 - Robert's Background3:27 - Key Market Catalyst6:23 - Trading Vs. Forecasts10:19 - Exiting Trades12:35 - Fed, Trends & Dollar20:10 - Gold Charts & Trends33:23 - Dollar & Treasuries40:57 - Crude Oil/Inflation44:08 - Analysis & Factors48:00 - Crude Weekly Chart52:10 - URA ETF Monthly56:59 - Elections/Markets Book1:07:42 - Bitcoin Report1:13:00 - Wrap Up
Guest Links:Website: https://dynamictraders.comTwitter: https://twitter.com/BobAtDTYouTube: https://www.youtube.com/channel/UCrtHpWM3GlFmCdqCkOL3xAg
Robert Miner began his career in the mid-80’s with his first company, Gann-Elliott Educators, where he produced analysis reports for the major financial markets and presented live workshops in the U.S. and overseas. In the mid-90’s he founded Dynamic Traders Group to provide market analysis and trade strategy reports, practical trade education and developed his Dynamic Trader Software.
Robert wrote the first self-study trading course in 1989 where he expanded on and integrated the work of W.D. Gann, R.N. Elliott and his own unique approach to Fib time and price target strategies into his own comprehensive and original approach to multiple time frame time, price, pattern and momentum trade strategies.
Robert’s first book, Dynamic Trading, was named the “Trading Book of the Year” by the SuperTradersAlmanac and he was named the 1997 “Guru of the Year”. His book, High Probability Trading Strategies, has been one of the consistently top selling trading books since its release in 2008.
Bob Miner, a seasoned trader with over 40 years of experience, joined Tom Bodrovics on Palisades to discuss his insights on the current market trends. Bob emphasized that trends and countertrends are based on group psychology and cycles of optimism and pessimism. He shared a story about a "nephew indicator" that is more reliable than economic indicators for understanding market extremes.
Bob discussed his approach to trading in the foreign exchange (FOREX) market, highlighting the importance of understanding the underlying fundamentals and technicals of a currency pair. He also discussed the current state of the gold market, noting that it is currently in a bullish uptrend but may be approaching a potential sign of completion.
In addition, Bob discussed commodity and inflation indices, specifically focusing on uranium. He believes that uranium may be about to complete a correction before continuing its upward trend. Bob also emphasized the importance of having a plan in place for exiting positions if signs of a breakout failure appear.
Bob has been studying the U.S. election cycle and its impact on stock market trends for over 25 years, and he has developed a book that is considered the definitive guide to this topic. He provided a table showing the percentage gain for each month from the spring low to the summer high since 1952, indicating that there has only been one year when there was a loss from the spring low to the summer high.
Talking Points From This Episode
* The importance of understanding group psychology and cycles of optimism and pessimism in predicting market trends.
* The relevance of fundamentals and technicals in foreign exchange (FOREX) trading, especially in understanding currency pairs.
* The potential for a bullish uptrend in the gold market, but also the possibility of a sign of completion and the importance of having a plan in place for exiting positions.
Time Stamp References:0:00 - Introduction0:45 - Robert's Background3:27 - Key Market Catalyst6:23 - Trading Vs. Forecasts10:19 - Exiting Trades12:35 - Fed, Trends & Dollar20:10 - Gold Charts & Trends33:23 - Dollar & Treasuries40:57 - Crude Oil/Inflation44:08 - Analysis & Factors48:00 - Crude Weekly Chart52:10 - URA ETF Monthly56:59 - Elections/Markets Book1:07:42 - Bitcoin Report1:13:00 - Wrap Up
Guest Links:Website: https://dynamictraders.comTwitter: https://twitter.com/BobAtDTYouTube: https://www.youtube.com/channel/UCrtHpWM3GlFmCdqCkOL3xAg
Robert Miner began his career in the mid-80’s with his first company, Gann-Elliott Educators, where he produced analysis reports for the major financial markets and presented live workshops in the U.S. and overseas. In the mid-90’s he founded Dynamic Traders Group to provide market analysis and trade strategy reports, practical trade education and developed his Dynamic Trader Software.
Robert wrote the first self-study trading course in 1989 where he expanded on and integrated the work of W.D. Gann, R.N. Elliott and his own unique approach to Fib time and price target strategies into his own comprehensive and original approach to multiple time frame time, price, pattern and momentum trade strategies.
Robert’s first book, Dynamic Trading, was named the “Trading Book of the Year” by the SuperTradersAlmanac and he was named the 1997 “Guru of the Year”. His book, High Probability Trading Strategies, has been one of the consistently top selling trading books since its release in 2008.
1 hr 15 min