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the next leg higher


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#91 dharma

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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



#92 johngeorge

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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!  cry2.gif

 

Yes!  Lots to worry about! juggle.gif


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johngeorge

#93 johngeorge

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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.

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johngeorge

#94 dharma

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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



#95 dharma

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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.


#96 dharma

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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



#97 johngeorge

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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!  biggrin.pnglaugh.pngbiggrin.png

 

Full disclosure.  I own shares of CHPGF and MUX.  This is not investment advice.  Do your own due diligence. 


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johngeorge

#98 dharma

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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