bulls climb a wall of worry:
last time the gld had this much tonnage gold was above 1400
1361 initial high after brexit. we didnt hold that
silver =speculation was zooming up happens at the end of a move
lots to worry about
dharma
Posted 07 July 2016 - 02:50 PM
bulls climb a wall of worry:
last time the gld had this much tonnage gold was above 1400
1361 initial high after brexit. we didnt hold that
silver =speculation was zooming up happens at the end of a move
lots to worry about
dharma
Posted 07 July 2016 - 03:39 PM
dharma
"last time the gld had this much tonnage gold was above 1400
1361 initial high after brexit. we didnt hold that
silver =speculation was zooming up happens at the end of a move
lots to worry about"
"i dont own this one but it came to market raised 30million and now the share holders have diluted shares at a reduced price =gpl" I own it!
Yes! Lots to worry about!
Posted 08 July 2016 - 07:56 AM
Speaking of something to worry about the Japanese appear to be worrying about their money.
Fearing Confiscation, Japanese Savers Rush To Buy Gold And Store It In Switzerland
Edited by johngeorge, 08 July 2016 - 07:57 AM.
Posted 08 July 2016 - 10:17 AM
watching db i believe they are in trouble! the stock makes new lows almost on a daily basis. there is no footing
pboc china bought no gold in may, june saw them buy their usual 10-15 tons they didnt buy any in may for the 1st time since they went transparent
after hitting 1375 we are in a correction . so far only the miners really getting hit harder, but that is what i would expect eg
gold +30% miners +200 %
so far gdx holding above the breakout of 28 and change
a couple of days of this , then back to the races. imo
i am just holding steady
dharma
Posted 08 July 2016 - 02:05 PM
looks like weak hands panicked out of chpgf !
tempting-not investment advice stating the obvious
dharma
Edited by dharma, 08 July 2016 - 02:05 PM.
Posted 08 July 2016 - 02:59 PM
not investment advice
stepping up to the plate
dharma
they not only have 18million ozs of gold but also 500million oz silver. and tons of zinc
Posted 09 July 2016 - 04:49 PM
dharma
I got side tracked yesterday and did not buy CHGPF It is one of my favorites along with MUX. Yes, it certainly looks like some weak hands were selling. Perhaps they were simply selling 1/2 of a doubler or something similar. I do know that come next week if there is any weakness in CHGPF I will be a buyer. Or maybe I will just close my eyes and plug my nose and buy!
Full disclosure. I own shares of CHPGF and MUX. This is not investment advice. Do your own due diligence.
Posted 10 July 2016 - 11:15 AM
the sentiment #s are from being overly bullish, in fact they are slightly bullish, especially when compared to silver
these #s are as of thrusday
The HGNSI was unchanged at 45.45%.
MarketVane’s bullish consensus rose 1 point to 63% and a new multiyear high
DSI rose 3 points to 83% and its highest level since March 4t
. Silver’s DSI was 97 for a third straight day.
the commercials are very short. now they are considered the "smart money"
they will be short the entire bull, covering on weakness that occurs from time to time
it looks to me from sentiment . chart patterns , time and seasonal factors http://seasonalchart...ssics_gold.html
we are ready to go higher. once this present correction ends
miners
they were down 85-90%at the decemter lows they have more than doubled since then which means they are still down 70-80%
my focus remains here
since 96 vs gold miners have lost ground. i believe that we are having/going to have stagflation which is an environment where miners thrive
i would like to add gold topped in jan of 80 the miners continued to go up, in spite of golds weakness for another 9-10 months tacking on another 30-40% selling at these prices. is selling miners as spinach in stead of gold. i just hope folks dont have to chase
till some time in june i was on margin . recently cut it back to 90% long, now i am back to 100% long. i will be selling some , but not yet
dharma