70 replies to this topic

[dharma]

yesterday was a nice rally. ben talks again today. gold needs to have a couple of closes above 1640 , then it is starting to show something dharma

[stubaby]

yesterday was a nice rally. ben talks again today.
gold needs to have a couple of closes above 1640 , then it is starting to show something
dharma

dharma:

I would like to see GOLD move up to the bottom of the last flag breakdown line in 5 Waves before we exhaust this move and "re-test" (approx 1,650ish)


stubaby

[dharma]

i am thinking we get some kind of W bottom pattern
the sentiment is so bearish
http://kingworldnews..._Right_Now.html
yet, the physical market in china is much higher than the actual price
http://kingworldnews...ew_Maguire.html

dharma

[dharma]

if you put up a weekly chart of gold . draw a tl from the high to the 2ndary high, it comes in @the bottom of the last low. which is one reason i am looking for a W , maybe a lower low for the next low??? just guessing dharma

[senorBS]

if you put up a weekly chart of gold . draw a tl from the high to the 2ndary high, it comes in @the bottom of the last low.
which is one reason i am looking for a W , maybe a lower low for the next low??? just guessing
dharma

Dharma, watch NEM, made a slight new low for this grande decline this morning and rallied bueno short term. Bueno daily nonconfirmations and waves may be completing, "might" lead the miners norte. It also yields 4%, which I am not used to yet.

BSing away

Senor

[tomterrific14]

if you put up a weekly chart of gold . draw a tl from the high to the 2ndary high, it comes in @the bottom of the last low.
which is one reason i am looking for a W , maybe a lower low for the next low??? just guessing
dharma

Dharma, watch NEM, made a slight new low for this grande decline this morning and rallied bueno short term. Bueno daily nonconfirmations and waves may be completing, "might" lead the miners norte. It also yields 4%, which I am not used to yet.

BSing away

Senor

http://stockcharts.c...-sc/ui?s=$bpgdm

[DrSP]

It also yields 4%, which I am not used to yet.

BSing away

Senor

Do they pay the yield in "fiat" or do they pay in metal?

[RagingSpartan]

i am thinking we get some kind of W bottom pattern
the sentiment is so bearish
http://kingworldnews..._Right_Now.html
yet, the physical market in china is much higher than the actual price
http://kingworldnews...ew_Maguire.html

dharma

What would you need to see to change your mind that Gold topped in 2011 and is now in a bear market?

I have stated that I believe gold is overvalued against all other assets. I'm in the bear camp.

[dharma]

i am thinking we get some kind of W bottom pattern
the sentiment is so bearish
http://kingworldnews..._Right_Now.html
yet, the physical market in china is much higher than the actual price
http://kingworldnews...ew_Maguire.html

dharma

What would you need to see to change your mind that Gold topped in 2011 and is now in a bear market?

I have stated that I believe gold is overvalued against all other assets. I'm in the bear camp.

no point in debating in the fullness of time we will find out!
all i will say is in my lifetime of trading, 33years, i have never seen a bull market end any other way than a parabolic blow off. yes, the 11 high can be said to be a parabolic, but i dont see it that way. even stodgy real estate had a parabolic blow off in around 05. the fundamentals support higher gold prices. again , in the fullness of time we find out!
dharma
nem making daily divergences

[dharma]

doug casey on currency wars
http://www.caseyrese...conomic-suicide
dharma
looks like a lot of money creation to me