dharma
merriman part 3
#1
Posted 11 April 2016 - 10:50 AM
#2
Posted 11 April 2016 - 11:47 AM
#3
Posted 11 April 2016 - 11:58 AM
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#5
Posted 11 April 2016 - 02:50 PM
miners leading and flying! i still read lots and lots of bears out there. well , if this is a bull it began in mid december. , very young. if this bull is like all the other past bulls. folks will chase and a big # will enter above 1924 . and so it goes. i see gold picking up support from the commodity sector, starting to express some upside.
note to myself 17 week cycle lows coming soon. miner made new highs=gold will follow miners lead
relax. keep breathing
dharma
#6
Posted 11 April 2016 - 03:14 PM
hey wave iii is just getting started here we got a long way to go my target on gdx is 32 minimum
#7
Posted 12 April 2016 - 01:06 AM
#8
Posted 12 April 2016 - 09:34 AM
it seems to me, the shorts point to the commercials and say they have increased their short position to near the point where corrections occur. what i see is in this environment its not only the levered hedge funds that have gone long, its also the value oriented investors who are not levered.its a different environment. also, we are starting to see other commodities join the party. crude oil looks much better. mike rothman, who used to head the energy sector @ merrill and isi came out w/analysis that shows crude oil doubling by years end. so, the commercials have not yet pressed their short positions. . my take is w/o levered money it will not be effective. higher #s will produce that environment. we have worked this area quite a bit
there is a h&s pattern painted on the gold chart. the 19th sge is scheduled to begin, denominated in yuan , not dollars
and the fed and boj meet independently on the 27th. now that can be interesting for the gold market. all kinds of speculation what abe/kuroda, the economic madmen will cook up.
i am of the mind that we are in or entering into a 3 to the upside. the miners have caught fire. and they are still cheap
my guess the next thing i do is sell some into the strength that develops in the may/june period if i am right.
let the market take me out
dharma
Edited by dharma, 12 April 2016 - 09:36 AM.
#9
Posted 12 April 2016 - 10:50 AM
one last thought and chart for the morning. http://www.graceland...16apr12xau1.png
note the length of time of this chart. to me this chart is saying miners have been in a bear market for almost 2 decades, when the miners break out of this channel, we will be in a gargantuan bull market which will last awhile. now, dont go out and do something stupid! mining is a tough tough biz and in the folks of some companies are guys who drain the company , then dilute the company = do your homework . do research. that optionality video i posted w/r rule is a really good place to start . some execs feel they own the property , which they do, my job is to build out the mine. timing is everything . right now money is dear and tough to borrow, so to borrow you have to give away the store. its why i like chpgf, not investment advice -but an example of a ceo who has tons of experience and knows the biz. he is not building out metates, he is sitting and waiting , letting the asset build in value .
so bottom line, when the breakout occurs on this chart take note!!!!
have your position established.
dharma
#10
Posted 12 April 2016 - 11:51 AM
A monthly RSI-T seems to have been built and concluded from 2004 to 2015.
Some times these work out to perfection.
2015-2004 = 11 years
2015 + 11 years = 2026 - the Glorious XAU Year
Edited by tria, 12 April 2016 - 11:52 AM.
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