correction?
#21
Posted 25 May 2016 - 03:06 PM
#22
Posted 26 May 2016 - 09:25 AM
here is what i see, if we do not rally to new highs, then the banksters will have painted a h&s top on the chart. so, i am staying alert on this rally, the gdx has hourly divergences from oversold. so, i am expecting a rally to get underway here . tomorrow mars goes back into scorpio, and the 1st is the bradley. the 16th is 180 degrees from the dec 16th gold low. if we dont make new highs , then i expect a larger correction. so i will peel miners off after we rally a bit. the stochs are oversold which usually leads to a 50-100 rally, i dont think we rally a 100 but you never know. i have made really good profits on the rally and i dont want to throw them back, so i will peel away stocks. but not yet.
i have no idea on the brexit. i cant see why they would stay? its a sinking ship
dharma
#23
Posted 26 May 2016 - 01:52 PM
in spite of yesterdays pull back, the gld held steady at 869 tons= bullish
sir alan on cnbs http://www.cnbc.com/...l-problems.html he is going back to his ayn rand days.
well here is the plight of the pension funds for every 3.46 they lend out they take in 1 these pension funds are not going to be around for very long
http://money.cnn.com...s-pension-fund/
it wont be long before the light bulb goes on and folks connect the dots. 17 should see that happen
dharma
#24
Posted 27 May 2016 - 10:13 AM
this correction could now be complete, but you never know
over the next years , i am looking for stagflation. , which will essentially be a re do of the 70s
china will be essential in the pricing of commodities , they are after all the largest user http://www.theedgema...odities-pricing
india has been and is absent from the gold market , this could help jewelers out http://www.business-...52700325_1.html
i am looking and remembering what happened in the 70s as a road map
dharma
#25
Posted 27 May 2016 - 11:46 AM
my view of the world is we are going to have redeux of the 70s , w/stagflation, not hyperinflation
the fed wants some inflation, they are going to get it
so i think diamonds will be a good investment. now diamond buying is for experts, a slight grade difference can be thousands of dollars.
but there are a couple of small diamond miners that have my attention, one has run, so i will wait the other is tiny and very thinly traded
dharma
#26
Posted 27 May 2016 - 02:37 PM
this decline has gone further than the preceding decline= overbalancing of price. i will see what early next week brings before giving up more of my position!
cots look alot better http://news.goldseek.../1464377478.php
dharma
#27
Posted 27 May 2016 - 07:19 PM
#28
Posted 31 May 2016 - 10:36 AM
so far i am in the camp , this is a correction in a bull market. what i see on the chart is a broadening top formation, so far, on the chart. the miners remain under accumulation folks sense the fed is trapped. i dont know where the thought , rising rates are always bearish for gold ? its nonsense
i raised some cash, got off margin and waited for the correction. i started waiting in. dont know if i will go back on margin, but something i like gets taken to the woodshed all bets are off.
i bought a small diamond miner it is owned by lassonde. http://kingworldnews...-gold-exchange/
dharma
#29
Posted 31 May 2016 - 11:33 AM
miners have not corrected as gold has, they have not followed gold to new lows for the move.
there is a divergence.
the new polls came out on the brexit, now the odds of them leaving has increased
significantly. however, its the vote counters that matter
dharma
Edited by dharma, 31 May 2016 - 11:37 AM.
#30
Posted 31 May 2016 - 02:41 PM
nirp has its consequences, portugese and spanish holders of mortgages are now demanding banks pay them
http://www.wsj.com/a...ates-1460643111
http://www.wsj.com/a...806948923505843
dharma