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the gold market has changed


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#11 dougie

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Posted 02 March 2016 - 01:00 PM

One never knows what those turns relate too and one can always find something turning

#12 dharma

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Posted 02 March 2016 - 02:38 PM

well this stodgy analyst has turned bullish on gold

http://kingworldnews...ullish-on-gold/

1245 and 1261 are the next #s of resistance and the market is having trouble w/1250

climbing a wall of worry.  

negative rates make gold very attractive

in the 30s it was having cash stuffed in mattress' today they are trying to do away w/cash 

so your money will be bailed in

dharma

oh and the fed is in hotel california



#13 dharma

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Posted 03 March 2016 - 10:36 AM

back @1254 this has sent the gold market back on its butt before, is this time the charm

breaking out of this pennant projects over 1300 , which is where i think we are going

what is most interesting to me is

inidan jewelers are on strike protesting yet another tariff on their wares, and this one comes w/a lot of red tape

so, the worlds top buyer is on the shelf. 

if the momo continues  chinese gamblers will enter the fray,which is starting to happen in hong kong

miners keep leading which is a positive for the market

seasonally march is a very weak month 

so 2+2 doesnt =4  

investors may be waking up to

1 negative rates are on the horizon

2 banks are not all that safe

dharma



#14 johngeorge

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Posted 03 March 2016 - 10:55 AM

"back @1254 this has sent the gold market back on its butt before, is this time the charm

breaking out of this pennant projects over 1300 , which is where i think we are going"

 

dharma

 

I became a believer this morning in 1300 gold so I sold my DUST hedge and bought a position in PGLC.  I see support at ~ $3.20.  Upside could be $5.00.  What intrigued me about the stock was the insider buying and the CEO Steve Alfers who was previously with Franco-Nevada at a substantially higher salary. He is making considerably less now so he must see something very promising there. 

 

This is not a recommendation.  Do your own due diligence. 

Full disclosure:  I own shares in PGLC


Peace
johngeorge

#15 dougie

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Posted 03 March 2016 - 12:08 PM

Could be Bradley high today?
Won't rule it out

#16 dharma

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Posted 03 March 2016 - 12:35 PM

Could be Bradley high today?
Won't rule it out

of course anything is possible

the miners had made new highs and gold hasnt , up and down miners lead, so i think new highs are in the cards for the metals

dudley in his monday night speech was quite dovish, i suspect he has seen the jobs #s 

the cup and handle and the pennant patterns both project to higher #s  and that is where i am leaning

not selling in hold mode. 

bulls begin w/short covering

then there is new longs that fuel it along w/the shorts covering

negative rates in much of europe and the prospect of it happening here  are fueling gold

dharma



#17 tria

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Posted 03 March 2016 - 12:36 PM

Imo, 1,300 gold is just but a small target, whilst 1,400 is a more meaningful one for this Leap and US Election year,

glorious 2016.

 

BTW, I think Trump may be Trampled.


Edited by tria, 03 March 2016 - 12:37 PM.

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 03 March 2016 - 12:47 PM

sentiment

10:36am Mar 3

The HGNSI was unchanged at 15.63% yesterday.
MarketVane’s bullish consensus rose a point to 49%
the DSI rose 5 points to 73%.
these sentiment #s have alot of room to the upside
tria,  i agree on gold price . maybe the party splits. ?
jg, plgc was a 50 stock any idea what happened
dharma
if we closed here it would be a new closing high for the year

Edited by dharma, 03 March 2016 - 12:50 PM.


#19 tria

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Posted 03 March 2016 - 02:30 PM

"jg, plgc was a 50 stock any idea what happened?"

 

Can't find them in stockcharts, what are these dharma??


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


#20 johngeorge

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Posted 03 March 2016 - 02:38 PM

dharma and tria

 

Symbol is PGLC not PLGC. 


Peace
johngeorge