173 replies to this topic

[johngeorge]

Speaking of India and China gold buying: China Surpasses India As Biggest Buyer Of Gold Following Record 2013 Imports, Consumption

I am looking at gold moving above 1355 as the target for a resumption of the bull. Confirmation for me would be moving above 1524. Will see. Meanwhile I remain in watchful waiting.

"well here we are just above at HUI 222-225, right at the high end of key resistance, should breakout and keep accelerating higher if bullish as I think there is a good chance it could be, lookin bueno "so far"

Indeed Senor. This could be a bounce all the way to 250 HUI.

One of my favorite charts indicating favorable setup for gold: LINK

Edited by johngeorge, 10 February 2014 - 11:11 AM.

[senorBS]

best thing about the rally so far IMO: NO excitement, NO belief, we see Senor

[dharma]

best thing about the rally so far IMO: NO excitement, NO belief, we see


Senor

agree, and the bearshness is still thick.
the gold markets worst enemy are these pom pom cheerleaders. shouting hyperinflation
when the money starts coming out of bonds . then the game is on. loss of con-fidence is
golds friend
dharma

[dharma]

these days all the metrics have changed . seems to me if you buy anything it costs more. not just health insurance, but every day stuff that is needed to live. so feel good the #s say there is no inflation. but , when you go to buy anything pay more. for me us bonds are the key item for govt confidence. its why the fed was purchasing 45 bbbbbbillion a month. how can you have a strong reserve currency when bonds are sinking. the fed obviously knows this . and give the other 40billion a month to the banksters. no comment there. its too obvious. so yellen is on the hill today and talks again on thursday. watch what they do, forget about what they say. meanwhile w/tight economic times world wide. and gdps contracting. we now have 100 oil not exactly making folks feel rich my work calls for turns in the metals the last week of the month. mercury going retrograde has had a positive affect on metals prices. it turned retrograde on the 6th , might not it going direct on the 28th cause it to reverse??? man, you are talking crazy here. opppps tensions in some areas of the world are becoming pronounced. seems the ukraine is a testing ground.???? the us came to the side of japan in its dispute w/the chinese. there are actually too many areas to talk about. verdict still out on the big picture , i am still riding here. undeniable that the miners are leading. there has been big volume here. it will be a more speculative phase when silver regains leadership . so far. not the case. carefully and quietly moving up. of course it will be the reaction that tells us where we are. obviously the lows need to hold dharma