Looking at rates, we've been forming a top for a year or so, and now we are starting a trend down.
I expect the rates to have a good drop over the 6 -12 months. Which will be bullish for TLT / TMF
6 - 1
GOLD – PRICE AND TIME ALWAYS BALANCE ( HERE WE GO AGAIN )
If you study gold’s long-term history, you’ll notice a very specific rhythm:
every major bull market in gold lasts around two years,
and each ends with what’s known as a blow-off move , a final emotional surge of price where euphoria takes over.
1️⃣ The 2009–2011 Pattern
After the 2008 financial crisis, gold entered a two-year bull market,
rising relentlessly before exploding into a vertical climax in 2011.
That final blow-off was the end of the move.
The result?
Gold did nothing for years , time caught up with price.
From 2011 to 2018, the market went sideways, consolidating all that energy.
2️⃣ The 2023–2025 Parallel
Now, look closely at what’s happening again today.
We’ve just had another powerful two-year advance , same duration, same pattern,
and now we’re seeing the early signs of that blow-off phase again.
Markets repeat because human emotion repeats — greed, excitement, and fear are cyclical.
3️⃣ The Law of Balance: PRICE vs TIME
When a market moves too far in price, it must correct in time.
That’s the universal law that Gann, Wyckoff, and all the great market technicians understood.
A market can correct in two ways:
A sharp price drop, or
A long, sideways consolidation.
Either way, the purpose is to restore balance between price and time.
That’s why the biggest opportunities often come after time has passed,
when markets are quiet, forgotten, and no one cares anymore.
4️⃣ The Professional’s Edge
Retail traders chase the end of the move.
Professionals wait for time to pass.
They understand that energy builds during rest, not during excitement.
They know the next great leg always begins after a long period of boredom and disbelief.
🔑 Key Lesson
Don’t get caught in the emotional end of a move.
Study the structure , not just price.
When a market has already done two years of strong price expansion,
the next 1–2 years are likely to be dominated by time — sideways, rotational, or corrective action.
That’s where patience pays.
When the crowd moves on, you prepare.
Because that’s where the next great trade is born.
PRICE AND TIME MUST BE BALANCED.
That’s not just a concept — it’s the natural rhythm of all great markets.
When you learn to trade in harmony with that rhythm, you stop chasing moves… and start anticipating them.
FREE TRADING COURSE: johnsfreegift.com/
13 - 7
Yes, I see a big correction next year BUT... it will just be a correction for a year and then 2027 will be a continuation of the long-term bull market. Dow Jones monthly log chart
14 - 6
Understanding Gold’s Price and Time Phases
The entire market , not just gold , moves through alternating Price Phases and Time Phases.
Recognizing which phase we’re in is one of the most important skills a trader can develop.
1️⃣ Price Phase
A Price Phase is when the market makes its strong, trending move.
In gold’s history, these expansions have typically lasted around 2 years.
That’s when momentum accelerates, price moves sharply, and traders see large gains in a relatively short window.
We saw this from 2009–2011, again from 2018–2020, and most recently from 2023–2025.
2️⃣ Time Phase
After every powerful move in price, the market enters a Time Phase , a period of rest or digestion.
Instead of pulling back deeply, gold often moves sideways for 2–3 years, allowing the market to rebalance and build the foundation for the next major advance.
This “correction in time” is just as important as the price move that came before it. It’s when energy rebuilds.
3️⃣ The Cycle Repeats
When a Price Phase completes, a Time Phase follows.
Once that Time Phase matures, a new Price Phase begins , and the entire cycle continues.
Gold’s history shows a very consistent rhythm:
2009–2011: 2-year Price Phase
2011–2013: 2-year Time Phase
2018–2020: 2-year Price Phase
2020–2023: 3-year Time Phase
2023–Present: current 2-year Price Phase
4️⃣ What Comes Next
Based on this repeating rhythm, it’s reasonable to expect that gold will soon transition into a 1–2 year Time Phase, a period of sideways consolidation or mild retracement.
This doesn’t mean the bull market is over.
It means the market needs time to absorb its recent gains before launching into the next expansion.
🟡 Final Message
Markets always balance Price and Time.
When one expands, the other must contract.
Understanding this balance allows us to trade with the rhythm of the market instead of against it.
Stay patient, respect the phase we’re in, and you’ll always stay in sync with the true cycle of the market.
28 - 5
Monthly Log chart with 52ma. ( BIG TIP : It's all the same pattern )
Top Row setup and big move for 2 years
Bottom row - markets setting up NOW
20 - 1
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5 December 2007