63 replies to this topic

[Russ]

long faz the broads have this enormous rising wedge. sept/oct is crash season
i am not inspired by the action in the metals, not doing any buying
sept is the best month of the year for gold, that is in the back of my mind.
hoped for a gap fill on gdx , which we got this morning.
while the future looks bright for the pms, the present is very iffy. 1245 is my dividing line
above that and we have possibilities , below that and the bear may have more to say
dharma
The HGNSI was unchanged yesterday at -21.9%
. MarketVane’s bullish consensus fell a point to 48%
while the DSI fell 4 points to 19% (which is its lowest level since hitting 17% on June 9th... 4 days after the June nadir).

Hi Dharma,

I just looked at faz and fas, it looks like fas could go up in Nov. based on it monthly trend, but yes those financials are getting into nose bleed territory.

Russ

[Russ]

somehow something ugly is going to transpire this weekend

yes things are getting ugly, War and Europe's debts...

"Let’s face facts. If war comes, do not count on sovereign, state, and municipal debt in Europe to survive well and that includes Germany"... Martin Armstrong Sept. 5, 2014

http://armstrongecon...ends-in-troops/

Edited by Russ, 06 September 2014 - 10:49 AM.

[johngeorge]

I think the FAZ call could be a winner based on the charts below and I have a bid in. And yes, Russ, I think war with Russia is very close possibility in the Ukraine. My hope is cooler heads will prevail.

FAZ short term daily chart

FAS short term daily chart

FAZ,FAS PerfChart

[Russ]

World's shortest pessimistic poem.... Hope? Nope. Being wheelers war cycle year (25 year cycle that has proven to be very strong over the past century or so) having a positive outcome is probably not going to happen. All this massive debt in Europe and the west in general and now Russia wanting its Empire back all seems to be the perfect storm. While the latest headlines were that Ukraine and Russia were talking peace, behind the scenes the USA is moving troops into north east Europe and Putin moved troops into Ukraine in unmarked white trucks which he said were aid trucks but then suddenly Russian troops were in Ukraine, he is a clever and deceptive man.

I think the FAZ call could be a winner based on the charts below and I have a bid in. And yes, Russ, I think war with Russia is very close possibility in the Ukraine. My hope is cooler heads will prevail.

FAZ short term daily chart

FAS short term daily chart

FAZ,FAS PerfChart