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Gold, Silver and SPX monthly


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#1 NAV

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Posted 02 May 2016 - 12:37 PM

Gold confirmed a bull market in March, when i posted this. 

 

http://www.traders-t...+gold +and +nav

 

Now it's Silver's turn. 17.09 is the April candle high. If we breakout above that even by a tick a bull market in Silver will also be confirmed. Both gold and silver have had a 5 year long correction. The next bull phase should be exciting. 

 

I personally hold physical silver which have i bought at 18 and 14 levels. I will buy more if we breakout above 17.09 anytime.

 

SPX remains in a bear market, the deep retrace notwithstanding. We may have seen the top last week. The hourly on SPX remains bearish. Monthly remains bearish. Daily has to turn down yet.

 

 

From a investment perspective, my opinion is that Silver is a great bargain here. Just when the world is convinced that we have seen the worst of central bankers' madness, i would say "you ain't seen nothing yet". The worst of the financial recklessness and money printing lies ahead. Gold and Silver should benefit immensely.

 

Good luck trading!


Edited by NAV, 02 May 2016 - 12:37 PM.

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#2 SemiBizz

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Posted 02 May 2016 - 12:51 PM

 

 

SPX remains in a bear market, the deep retrace notwithstanding. We may have seen the top last week. The hourly on SPX remains bearish. Monthly remains bearish. Daily has to turn down yet.

 

 

 

 

Let's see.  How about the weekly?  We have VOLUME OFF THE TOP... 3rd Lower High... judge for yourself as to what the outcome is likely to be...

 

gallery_4_1_2661.png


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Volume is the only vote that matters... the ultimate sentiment poll.

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#3 MaryAM

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Posted 02 May 2016 - 01:33 PM

Gold and silver will benefit from the ratio of value to total sovereign debt - the debt spiral is in hyperinflation in the debt market.  The rest of the economy can go into hyper deflation (and it is as suggested by the money multiplier)  and it won't matter - the central banks will re-set the value of precious metals to allow for debt to be retired - if it has to be retired in PM's.  The COMEX largely deals in derivatives and does little delivering of the real metal.  China is about the change that and in my opinion the COMEX will not exist in a few years.   China will simply re-set spot prices.  The guy with the most PM's - WINS. 



#4 viccarter

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Posted 02 May 2016 - 01:40 PM

Top notch work as always, NAV.



#5 dasein

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Posted 02 May 2016 - 01:49 PM

NAV -

 

I agree but also with Semi - looks to me like we should have a (sharp) correction first...


best,
klh

#6 SemiBizz

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Posted 02 May 2016 - 02:12 PM

Gold and silver will benefit from the ratio of value to total sovereign debt - the debt spiral is in hyperinflation in the debt market.  The rest of the economy can go into hyper deflation (and it is as suggested by the money multiplier)  and it won't matter - the central banks will re-set the value of precious metals to allow for debt to be retired - if it has to be retired in PM's.  The COMEX largely deals in derivatives and does little delivering of the real metal.  China is about the change that and in my opinion the COMEX will not exist in a few years.   China will simply re-set spot prices.  The guy with the most PM's - WINS. 

 

Central Banks and bankers are not going to clear through China...

 

Anything.

 

We are setting up for a massive currency and trade war, it heated up this last year.


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#7 SemiBizz

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Posted 02 May 2016 - 02:25 PM

We have a Ganniversary date coming up on Friday for the Flash Crash...

 

Gann was always big on anniversary dates.

 

We are living on expired time, and worthless money...

 

This thing can roll over at any time...

 

Today was a countertrend bounce on peanuts for volume...


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#8 dasein

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Posted 02 May 2016 - 09:11 PM

i find the turn is often around mid may - dont imagine this year will be so different....


best,
klh

#9 NAV

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Posted 02 May 2016 - 09:23 PM

 

 

 

SPX remains in a bear market, the deep retrace notwithstanding. We may have seen the top last week. The hourly on SPX remains bearish. Monthly remains bearish. Daily has to turn down yet.

 

 

 

 

Let's see.  How about the weekly?  We have VOLUME OFF THE TOP... 3rd Lower High... judge for yourself as to what the outcome is likely to be...

 

gallery_4_1_2661.png

 

 

 

 

 

 

 

 

As long as we don't have a monthly close above SPX 2120, the logical resolution is a break below Feb 2016 lows in the coning months. My opinion has not changed in that regard. That's why i believe that stock "Investors" should remain in cash.

 


Edited by NAV, 02 May 2016 - 09:24 PM.

"It's not the knowing that is difficult, but the doing"

 

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#10 MaryAM

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Posted 03 May 2016 - 07:40 AM

 

Gold and silver will benefit from the ratio of value to total sovereign debt - the debt spiral is in hyperinflation in the debt market.  The rest of the economy can go into hyper deflation (and it is as suggested by the money multiplier)  and it won't matter - the central banks will re-set the value of precious metals to allow for debt to be retired - if it has to be retired in PM's.  The COMEX largely deals in derivatives and does little delivering of the real metal.  China is about the change that and in my opinion the COMEX will not exist in a few years.   China will simply re-set spot prices.  The guy with the most PM's - WINS. 

 

Central Banks and bankers are not going to clear through China...

 

Anything.

 

We are setting up for a massive currency and trade war, it heated up this last year.

 

China recently launched the Shanghai Gold Fix—two daily gold fixes based entirely on demand and supply impacting real metal in real time AND will include delivery.  No one really knows how much gold China has bought over the past few years - but they probably surpass holdings of any other country in the world - including the US.  The COMEX trades paper almost entirely and sometimes the trades exceed the total value of all the gold in the world - no deliveries are involved.   I don't think that the world will be able to ignore this and with US debt at current levels - the US will have no choice nor will central banks but to accept the fix.