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the perfect storm!


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#71 dharma

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Posted 28 March 2015 - 10:26 AM

this chart of margin debt, wont defy gravity! http://www.zerohedge...ebt-margin-debt
cots show the commercials covering a bit
santelli http://www.zerohedge...not-store-value
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#72 dharma

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Posted 30 March 2015 - 10:00 AM

we have seasonal weakness going into april http://seasonalchart...ssics_gold.html
well it looks like the banksters woke up early @2:45 and slammed gold for 7 @ that time http://gracelandupda...5mar30gold2.png an old trick although there was strong demand from india this month, i have heard that buyers backed off above 1200. if so what price will they return? w/smuggling india will have imported 200 tons this month. of course the smuggling is closely guarded
http://timesofindia....ow/46614528.cms
yemen is the new hot bed and needs watching.
the marks are the leveraged hedge funds
gold was stalling @1200 anyway.
lets see if this develops into a new down leg, or just a correction of the 70+ up leg
the miners had not participated in the last couple of up days. they lead up and down
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#73 dharma

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Posted 30 March 2015 - 10:23 AM

rick rule
http://kingworldnews...k-rule-3-29-15/
he makes some salient points
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#74 dharma

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Posted 31 March 2015 - 11:06 AM

we are in the season for a low http://seasonalchart...ssics_gold.html
this is also based on the indian festival which comes on the 20th of april this year. i look for demand from india to be robust. also the chinese have now allowed more banks to import gold. if you have been following the shanghai . the amount delivered has set records. the demand from chindia is staggering. this should continue for a long long time. i am looking for the lows, not necessarily new lows , to occur in the may/june time frame. so far the decline has retraced about 50% of the rally
goldcorp has been talking about peak gold here is a chart of that http://www.zerohedge...ction-hits-2015
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#75 dharma

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Posted 31 March 2015 - 01:34 PM

UBS is back as gold bull, particularly on the equities side. In a note to clients UBS analyst Julian Garran makes the case that the U.S. Federal Reserve will be forced to continue easing thus boosting international liquidity in US dollars and, by consequence, demand and speculation in gold. UBS said the key issues for gold are that with a strong US dollar "excess returns in the US are under pressure" and that dropping energy prices are putting the squeeze on corporate cash flows. Meantime UBS said that as wage pressures rise, "weak productivity means that cashflows could be squeezed further". It said that both undermine credit conditions and "threaten the longevity of the cycle" and, further, that "the prospect of deteriorating liquidity magnifies the threat". So UBS concludes: "That in turn is limiting the Fed's ability to tighten policy and may induce it to ease in the future. We think the Fed has started to recognise that pressure with its dovish backtracking at the March meeting last week." That's good for gold prices, UBS said. More than gold, however, UBS favours the gold mining equities and made four picks: Randgold, Acacia, Goldcorp and Agnico Eagle. It shone the most praise on Randgold, which it calls "one of the best-managed stocks in the global gold sector". It likes free cash flow potential here and what the miner might do with it. While UBS acknowledges Randgold's rather stellar production growth in the last four years is slowing, it sees the London-based miner building strong cash flows, on the back of cost cutting, and boosting its cash position. That, UBS said, could benefit shareholders in two ways: "We expect this capital to be deployed in value-accretive growth projects currently in Randgold's extensive exploration portfolio, potential M&A (if deals meet Randgold's strict investment criteria) or returned to shareholders through higher dividends." In the other three mining equities it highlighted Goldcorp's production profile - estimated to grow by 42% in five years; Acacia's turnaround with new management and its key, long life Bulyanhulu mine; and Agnico Eagle's low-cost growth in existing projects. -Mineweb News, March 31 2015. welcome to the hotel california dharma

#76 dharma

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Posted 01 April 2015 - 10:44 AM

well we had hourly divergence in gld and gdx=pop. my feeling is that is a we are in b w/c to follow . jobs reports , friday, have not been kind to gold. The HGNSI was unchanged yesterday at 12.5% MarketVane’s bullish consensus fell a point to 39% the DSI fell 5 points to 42%. sentiment still not in the bullish camp= the market participants are not bullish lots of irons in the fire. has the dollar topped what will the out come be for greece will they get new funds and stave off default? will they grexit the euro will the eu remain united w/sanctions against russia i feel the attitude is changing in the market. even ubs is looking @ the equation and saying it looks friendly to gold dharma

#77 dharma

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Posted 01 April 2015 - 01:29 PM

traditional arguments against gold!
as a contrarian , you have to love this
http://finance.yahoo...-100000960.html

last time gold was here , it reached a high of 1219, but got sent back to1210 in a hurry.
need some work in here
dharma