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#21 Russ

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Posted 08 January 2014 - 03:00 PM

I am now seeing on multiple charts that the miners will not bottom until March, probably early march, this will be followed by a good rally into Sept. which means that Gold will keep going down into 2015 in the bigger picture on Marty's ECM, whether that will just be a test of the 2014 lows or not is not clear, all this is in line with what MAA said before.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



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#22 Russ

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Posted 08 January 2014 - 03:23 PM

Addition to the above, based on the wave formation on the oscillator, I doubt if the 2014 lows will be exceeded in 2015 but there is no guarantee on that. :guru:
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



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#23 senorBS

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Posted 08 January 2014 - 03:39 PM

well I think the lack of belief or excitement in the possible further upside is IMO a positive, some gold stocks and indices/ETFs do look like 5-wave rallies off their lows IMO, not that way is all cases however Senor

#24 andiron

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Posted 08 January 2014 - 04:07 PM

good action in gold overall...they could not go much below 1220 and that is muy positive... and an island full of short left below it !!

#25 dharma

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Posted 08 January 2014 - 04:19 PM

i read everyone w/a grain of salt. i read marty daily, he is an interesting read. right @ this juncture its a time w/little to no volatility the vix spikes to 21 . i suspect this will not be the case for much longer. @this juncture, no doubt gold/silver may go lower. however until they do i am favoring the lows are in i am not doing anything but sitting. when i have more confirmation i will add , until then i sit. right now its a perfect world , only the middle class is being bled dry. dharma

#26 Russ

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Posted 08 January 2014 - 04:36 PM

well I think the lack of belief or excitement in the possible further upside is IMO a positive, some gold stocks and indices/ETFs do look like 5-wave rallies off their lows IMO, not that way is all cases however

Senor



The low volume as semibizz (still-in-bizz lol) pointed out is not a good sign, what we need is a capitulation, where the up volume is huge, where it hits you on the head with a hammer leaving no doubt it ain't goin' lower.

This signal was generated in the spring of 2012, it has recently given further confirmation, the signal is quite clear, no denying it in my view.

http://1.bp.blogspot.../GDX Gold Miner
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#27 senorBS

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Posted 09 January 2014 - 10:32 AM

looks to me kike near term secondary/corrective lows in the miners are occurring this morning, I added a little. Dharma, I think Platinum and Palladium as well have made a huge secondary low the past few weeks as well and it has had a very good rally, copper looks good bigger picture as well, so I do see all the metals in sync, with gold and silver likely the laggards "for now". Senor

#28 dharma

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Posted 09 January 2014 - 11:52 AM

thanks senor , i think palladium is going to be a leader am sitting and waiting , i dont feel a need to do anything @this juncture. the sentiment is still on the floor. the bugs can be found splattered. confidence in the sector has been destroyed. in april the market was flirting w/1500s testing it . so the banksters got chidambaram to impose high taxes on gold , and then putting a one year freeze on imports of gold. well, it wasnt a mystery , w/the largest gold buyer in the world off the market , the market had one way to go=down. now , we are bouncing off the 1180s for the 2nd time and gs and ubs are calling for 1050 . jpm , fined for 20bbbbillion on the other side. i have to take notice. russ we are in marty s window for a low now. then i have hadik sending me an update last night saying that definitely , probably the lows were seen @his cycle lows 12/31 . i got my popcorn. wow gov christie had a squabble w/the mayor of ft lee and as a result closed the gw bridge. traffic going into and out of the nyc has been snarled ever since. now christie is on the tube apologizing /justifying his actions having fired some underling. enough said dharma

#29 senorBS

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Posted 10 January 2014 - 09:47 AM

looks to me kike near term secondary/corrective lows in the miners are occurring this morning, I added a little.

Dharma, I think Platinum and Palladium as well have made a huge secondary low the past few weeks as well and it has had a very good rally, copper looks good bigger picture as well, so I do see all the metals in sync, with gold and silver likely the laggards "for now".

Senor



no excuses near term as we should rally hard, yesterdays miner lows should have completed near term wave 2 or B bottoms and we should now rally above recent recovery highs, I will likely stop half of position at yesterdays lows contingent upon price patterns.

BSing away

Senor

#30 dharma

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Posted 10 January 2014 - 12:16 PM

looks to me kike near term secondary/corrective lows in the miners are occurring this morning, I added a little.

Dharma, I think Platinum and Palladium as well have made a huge secondary low the past few weeks as well and it has had a very good rally, copper looks good bigger picture as well, so I do see all the metals in sync, with gold and silver likely the laggards "for now".

Senor



no excuses near term as we should rally hard, yesterdays miner lows should have completed near term wave 2 or B bottoms and we should now rally above recent recovery highs, I will likely stop half of position at yesterdays lows contingent upon price patterns.

BSing away

Senor


as you said senor its tricky out there. i see bottoms in some issues and others are in the process of bottoming. such is the nature of the process. i am in the camp, show me. martin is still calling for a low http://hwcdn.libsyn....6733e0de45e2807
right here right now , the world has reached a nirvana economic state. crude oil is falling, the dollar is rising. interest rates are low, stocks are rising. what else could you ask for? not the environment where gold thrives. yet there are many entities circling the drain.
i want to have some cash. which is also a position. we are close here from alot of different factors. but there could be one more spike, there doent have to be. all i am saying is be prepared
dharma

http://www.cnbc.com/id/101319783

Edited by dharma, 10 January 2014 - 12:19 PM.