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#11 dharma

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Posted 20 February 2015 - 10:53 AM

"According to the National Retail Federation, China spent approximately $100 billion on retail and restaurants during the Chinese New Year in 2014. That's double what Americans shelled out during the four-day Thanksgiving and Black Friday spending period." - Forbes News, Feb 19, 2015. the chinese economy may be =or larger in size then the american economy. when the turn down in the economy occurs ie martins big bang , a shift to china/india will most likely occur as the lead dogs
raising rates in the last bull was bullish. it wasnt volkers continued raising of rates that killed the gold bull, it was the change of rules on the comex.
walmart raised their minimum wage to 9 an hour, wage inflation is part of the process.
the gann guy
http://www.ganngloba...82353f807d32bae
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#12 dharma

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Posted 20 February 2015 - 02:29 PM

the gold prices hoovering around 1200 has caused many miners to feel the crunch
http://www.bnn.ca/Vi...aspx?vid=554406
dharma

SGE Withdrawals 59 Tonnes in Week 6---YTD 374 Tonnes

Edited by dharma, 20 February 2015 - 02:30 PM.


#13 dharma

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Posted 22 February 2015 - 10:50 AM

2 things every rally has produced a lower high then the previous rally in gold there has not been one rally that has been longer in time then the previous rally this is the definition of a downtrend its one thing for the commercials to be carrying a larger short position its another whole ball of wax to have the baitie the large specs carrying an over sized long position they get all bulled up , and then get eaten by the sharks. if this was a 5 up, then @the least more work needs to be done. the bull needs to be stealth , not just begin amidst froth and excitement this and a couple of bucks will get you a cup of joe @ starbucks there are several explosive geopolitical hot spots there are quite a few nations on the brink of bankruptcy and this too keeps the crowd looking the wrong way ..........for now dharma

#14 dharma

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Posted 23 February 2015 - 10:16 AM

the chinese new year holiday ends wednesday the indian budget is due in 5 days=feb28 so the bull side of the equation comes back in full next week until then anything can happen. it will take more loss of confidence to get the pms going. although significantly reducing the 10% tax on gold in india can cause a buying spurt i think jaitley will be forced to lwer, but maybe not enough just a token amount the daily oscillators are down to levels where rallies occur and this is what i am looking for the bear markets in commodities and the dollar to the upside are quite extended in time dharma

#15 dougie

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Posted 23 February 2015 - 11:39 AM

any guesses as to when commodities have thier day in the sun. My thoughts are we are close in time

#16 dharma

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Posted 24 February 2015 - 10:49 AM

yes, according to the gann guy this cycle has stretched to being the longest and in some markets , close to it http://www.ganngloba...db367343bcfdff4 on the top of the page notice he has added more videos to support his case. tria and russ both give projections for the lows. i am looking for the pressure to be off by early summer.
well the libor was fixed the price in london was fixed so they changed the system. now the banks on the comex are under scrutiny http://www.wsj.com/a...tals-1424744801 changes will be made. but my guess is the lead markets will be shanghai and dubai for gold.
chinese on holiday all this week and the indians are awaiting their new budget on sat, hopefully wi/a lower gold tariff. indian wedding season begins soon.
this decline in gold has taken the shape of a falling wedge. i am looking for another leg up, and that should reveal, if it happens, where we are. the market is quite heavy, not unusal for wave 2, if that is where we are. as i think we are there

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#17 tria

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Posted 24 February 2015 - 11:21 AM

yes, according to the gann guy this cycle has stretched to being the longest and in some markets , close to it http://www.ganngloba...db367343bcfdff4 on the top of the page notice he has added more videos to support his case. tria and russ both give projections for the lows. i am looking for the pressure to be off by early summer.
well the libor was fixed the price in london was fixed so they changed the system. now the banks on the comex are under scrutiny http://www.wsj.com/a...tals-1424744801 changes will be made. but my guess is the lead markets will be shanghai and dubai for gold.
chinese on holiday all this week and the indians are awaiting their new budget on sat, hopefully wi/a lower gold tariff. indian wedding season begins soon.
this decline in gold has taken the shape of a falling wedge. i am looking for another leg up, and that should reveal, if it happens, where we are. the market is quite heavy, not unusal for wave 2, if that is where we are. as i think we are there

dharma

Thank you dharma fo the "the comex are under scrutiny" alert.

-tria

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

"You miss 100% of the shots you don't take."
~ Wayne Gretzky


#18 dharma

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Posted 25 February 2015 - 10:54 AM

tria, now the swiss are looking into gold market manipulation. the rules will change, it will last for a period of time, and then there will appear loop holes. by then i expect shanghai and dubai to have taken over the lead for gold price discovery. i am waiting to see if we have a good rally or any rally and then to see what weakness develops in the seasonally weak time of year! http://seasonalchart...ssics_gold.html the new year holiday ends today in china and we will see if jaitley can resist the mounting pressures to lower the gold tariffs in india. that decision comes out saturday. in the meantime the overnight rally has all but disappeared. doing some light buying now as i think the lows are in for this decline @1190ish. not a time of high confidence so light buying
dharma
this is a piece by tony robbins , not bad advice for investors http://www.oprah.com...ns-Tony-Robbins

#19 dharma

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Posted 26 February 2015 - 11:06 AM

well jaitley will present the budget in 48 hours . is he tied to the mobster chidambaram or to the indian people? we find out in 48 hours. as one of his budget items does he cut the tariff on gold? does he put the mobsters out of biz and cut it back to 2%? we will find out saturday. 2 days ago, jim rogers said http://jimtalksmarkets.blogspot.com/( scroll to feb 18th) so far modi has done nothing so we find out saturday
dharma

Edited by dharma, 26 February 2015 - 11:09 AM.


#20 dougie

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Posted 26 February 2015 - 11:16 AM

surely he doesn't work for the indian people