Many of Our Members are asking how Rambus Chartology was conceived .

……………………….

This is as good a time as any to explain who we are and how we happened !

……………………………..

Our Website was started December 2011

At first Rambus Chartology was know only to those at Goldtent (www.goldtent.com)

Which by the way was billed as the best damn Gold Site On the Net !

6 Years running self supported  Bulletin Board with some of the finest and brightest and definitely most militant Goldbugs you could ever get to know…And a cast of real interesting characters !

2.5 million Hits a month…thousands of lurkers and hundreds of posters !

Rambus was posting there and was a cherished member in 2007 and 2008

We loved him, as he showed Continuation pattern after Continuation pattern and Gold rose strongly as did Silver and the PM Stocks..He nailed every move .

…….All was right with the Gold World……

Then Rambus switched course ! egad !

Some damn thing about a breakdown that he didn’t like the looks of …but of course no goldbug could see .

..Long story short ..Rambus called the HUI 150 bottom…(his target was 160)…a long time before it happened

But when he posted his now famous “What If” post (linked at the Wizard of Rambus ) we started to challenge his work

all of a sudden his shoulders weren’t big enough on his heads…his trendlines were arbitrary…and he took a lot of criticism from Us.

And no one participated more than I , Fullgoldcrown !

So he did what any self respecting Chartologist would do .

He took his Bearish Falling Wedges and 11 Point Diamond Topping Patterns and went home…Ozark Mountains Arkansas !

……………………………

2008 2009 2010 came and went ..and Goldtent was thriving…but every so often someone would say..I wonder whatever happened to that guy Rambus

He was so annoying but so right ?

Anyhow after 3 long years in self appointed exile….. Dave (Rambus) contacted me and said

He was reading ” The Tent” and was concerned again that everyone was all in ,  but there was again potential trouble on the horizon .

He sent free charts for me to post there..but goldbugs being goldbugs…we weren’t really listening…

I Encouraged Dave to Start his own site…and told him if you Build It They will come .

I am sure you longer term members all agree .. his work is unique .

He was reluctant to go through the drama and trauma at first but thankfully he hooked up with Audept who is The other Tech WIZARD on the site..

Audept is the Goldtent site creator and Webmaster

who also created this ever evolving Rambus Chartology Site !

Look for his voice interviews coming to the site some day soon !

……………………………………………….

So who is Rambus ?

Just a good old down home country boy who happens to have a Wizard like knack for Charting Market Psychology (Chartology)

and for being able to teach (preach) these principles in a very enlightening entertaining and informal manner.

I would describe him as a humble strait shooting teacher who learned his principles out of a book , Edward’s and Magee …the old fashioned way…then practiced and failed
with sharp pencil and paper and ruler until he compiled enough knowledge to learn to spot things like 11 point topping patterns that are absolutely Invisible to anyone else

(See the Diamond In the Rough post at the Wizard of Rambus)

His Handle Rambus derives from his favorite trading stock of the tech mania

which he played until 2001 when he fell in love with the Gold Sector

Dave has told me PMs have the BEST and most concise Chartology patterns of all the sectors .

Alas he is Not a Goldbug. He Doesn’t concern himelf at all with manipulation…its all in the charts anyhow

I of course used to furiously debate him on this point. But my take ..the manipulation is a source of supply and its baked into the cake too .

Personally I am a Goldbug to the Nth degree… but I decided I didn’t want to replay 2008 as I watched my pf loose 80%…as remote a possibility as that seemed to be

So How does a Goldbug like me rationalize being Darth Traitor…Holding DUST instead of NUGTs ?

Like This :

We all thought we would buy PM Stocks for the leverage…The Idea of course was to.. at the right time when Precious metals stocks go Nucken Futz

sell em and buy Physical

The leverage was expected to be 3 to 5 times

Wrong savage

How has that been working for us goldbugs ?

But NOW…I believe I have become a Wizard too !

I have just cashed some profits made in DUST this week and bought some really cheaply priced Gold Maple Leafs

This is Alchemy .. turning Dust into Gold !!!

………………………

This site also has 1 more participant without who we could not thrive

Mrs Rambus…Chief Financial Officer Extrodinaire

(Behind every successful man is his CFO 🙂
…………………………..

So that’s who we are and that’s how we got here and we are really excited to be attracting so many

who are willing to do the time and learn this method to Improve their trading skills

………………………

One of our mottos has evolved to :

“Give a Man a Chart and he will Thrive for a Day

Teach a man to Chart and he Thrives for a lifetime”

In Keeping with the Wizardry on the Site…we invite you all to use the Chartology Forum for banter and questions with Rambus and other members

Thank you all for joining us and as Rambus Says “Let the Games Begin”

Fullgoldcrown (For Rambus Chartology)

I just want to show you an update on the long term chart for gold that had shown a parabolic move off the 2001 low. The bull market was a thing of beauty creating one beautiful consolidation after another. I used this chart in my “All Hail the Queen” post to show the beautiful symmetry of this bull market.

All Hail The Queen :

http://rambus1.com/?p=8414

It wasn’t a week or so later, after the post was made, that the price action started to change When gold moved below the last black parabolic trendline I knew something was amiss.

As you can see I was super bullish when I did that post but when the price action started to change I had to change with it no matter how bullish I felt inside. The breakout became more labored and just didn’t fit the bill anymore as to what a true breakout should be. Several months ago I labeled the apex of the last triangle, that was failing, showing that if the apex gave way that would be very bearish setup for gold. When gold broke below the apex, that is called, An End Around the Apex Move. The reason it’s so bearish is because, where the upper and lower trendlines intersect at the apex, that is where all the energy is focused. As you can see the energy was released to the downside in one big move.

For those still wondering, if the scenario that I showed in the All Hail the Queen post is still valid, I have to say no because we have three failures. One, the blue triangle failed. Two, the last uptrend rail failed. Three, the apex failed. This isn’t supposed to happen and if one doesn’t act on what the charts are telling you, you will be feeling the pain for ignoring the information down the road as many staunch gold bugs are feeling right now. The trap has been sprung on the gold bulls and now it’s a game of survival. If I can just get out even I will sell, is the new mantra. So at this point most rallies will be sold by those trapped gold investors. The same situation is taking place in the precious metals stocks right now.  Survival mode is taking over the psychology in the precious metals complex.

One last note on the chart below. Even though the scenario didn’t work out as I expected it is still a very good study in the chartology of a bull market that lasted almost 13 years. It served me very well for many years.