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the perfect storm!


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#1 dharma

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Posted 17 February 2015 - 10:59 AM

we have the chinese new year-their markets are closed all week
indian market on hold awaiting to see if the new budget has a reduction in the import tax-feb 28th
we have the new moon wednesday the 18th
release of fed minutes tomorrow
on the daily charts the market is now oversold. i am waiting for another rally, which should commence either late
this week or early next. oversold but waiting for bottoming action
in no hurry here
marc faber http://rt.com/shows/...rozone-turmoil/
dharma

#2 johngeorge

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Posted 17 February 2015 - 01:01 PM

Yes, the perfect storm for gold. Thanks for the link to Faber. I have enjoyed many of his interviews through the years. Gold now flirting near $1200 and I suspect it will go lower first, then heading higher into Spring. I am in watchful waiting and looking to buy miners for a trade.
Peace
johngeorge

#3 dharma

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Posted 18 February 2015 - 11:06 AM

well here we are down 100 from the last highs, daily oscillators are oversold and are @ levels that produce rallies. the gold gurus are bearish. i am waiting on janet to see if we get hourly divergences. the indian and chinese markets are on hold or closed for the next 10 days or week respectively. today is the new moon. i am a light buyer after janet speaks. dipping some toes in the water. meanwhile the bank economists are telling folks get in the broad market. the metrics are @levels seen in 29,00,and 07 how did those work out. yes, its a 5 th year which is bullish historically
the gann guy keeps calling for lows to be put in http://www.ganngloba...9d9619ee81cb467
waiting on the fed
dharma

#4 tria

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Posted 18 February 2015 - 11:14 AM

dharma, have they stopped publishing Gold's lease rates like they did with Silver?
All I see is a straight line recently.

http://www.kitco.com/lease.chart.html

In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.

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#5 dharma

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Posted 18 February 2015 - 11:34 AM

dharma, have they stopped publishing Gold's lease rates like they did with Silver?
All I see is a straight line recently.

http://www.kitco.com/lease.chart.html

yes, unfortunately, they stopped publishing them @the end of january.
it wont be long before shanghai, dubai, and the to be mumbai gold exchanges take the lead from comex and london!
dharma

#6 dharma

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Posted 18 February 2015 - 02:24 PM

stuck some toes in the water! dharma

#7 AChartist

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Posted 18 February 2015 - 10:37 PM

My cycles are up good for 4-5 weeks, then a change down again. I dont guess this is the last low, still out there. I'll make a purchase.

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#8 dharma

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Posted 19 February 2015 - 12:54 AM

i am thinking this was a wave 2 low. -despair. now this comes out http://www.zerohedge...loan-collateral hello
dharma

Edited by dharma, 19 February 2015 - 12:54 AM.


#9 dharma

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Posted 19 February 2015 - 10:25 AM

well the banksters were not impressed w/indias move(above post) gold was 1223 before the open and on the open it was back to 1210. the open interest #s over the last couple of days tell the story. i still think that yesterday was the low for 2 . we shall see. w/india on hold. china and vietnam on holiday till wednesday, it could be hard to resist for the powers that be. i like the set up here dharma

#10 johngeorge

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Posted 19 February 2015 - 01:24 PM

I got a toe wet this morning. :)

stuck some toes in the water!
dharma


Peace
johngeorge