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#1 dharma

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Posted 13 March 2017 - 03:12 PM

on friday hgnsi was -16%

as i have said for years i am expecting stagflation

http://www.gold-eagl...inancial-health

 

market displaying bottoming action. so, i am still cautious. miners are starting to run a bit 

but, the picture may become more clear once the fed adjusts rates for higher inflation and the posturing for raising the

debt is out of the way.  we may have one more down in gold and i think the miners dont follow

stay tuned

dharma



#2 gannman

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Posted 13 March 2017 - 05:32 PM

it seems like thee miners are leading here which is a good thing.  


feeling mellow with the yellow metal


#3 dharma

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Posted 13 March 2017 - 09:59 PM

for gann the year started on the equinox.. march 20th .   the ides of march 15-fed day, debt ceiling day

it could be that we have to wait for the 1st day of spring for the trend change?!

dharma



#4 gannman

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Posted 13 March 2017 - 11:04 PM

that would make sense hey we are close dont have long to wait


feeling mellow with the yellow metal


#5 senorBS

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Posted 14 March 2017 - 08:16 AM

it seems like thee miners are leading here which is a good thing.


agree for the past few days at least, that's why I follow the HUI/GOLD ratio and
the daily chart does suggest a very key low might have been put in place last
week near .15, we see

Senor

#6 dharma

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Posted 14 March 2017 - 09:54 AM

 

it seems like thee miners are leading here which is a good thing.


agree for the past few days at least, that's why I follow the HUI/GOLD ratio and
the daily chart does suggest a very key low might have been put in place last
week near .15, we see

Senor

 

yes, miners leading is healthy for the bull case.  

in respect to the fed there used to be an expression"3 jumps and a stumble" this will be the 3rd jump in rates and the stumble refers to the broad market , which could be making a head and shoulders top. the boj and ecb also meet this week along w/the netherlands election.  if you look at the charts the 1st reaction , for a day or 2 after the hike , was to spank gold, but both times after that initial swoon , the market rallied big time.  so, the equinox is on the table, as it always is for gann traders.  watch real rates, not nominal rates, the fed is behind the curve, by their own admission. in a rising rate environment the dollar and gold can rally together.

the biz cycle is quite extended this time around the lows were in 09 for the broad market. usually its a 4yr cycle. at this stage of the cycle , w/rising rates, bank stocks and gold stocks perform well.  now the wait and waiting for the dust to settle.  1198 is the death zone , which so far has held the decline. a spurt to 1183 , next support would not surprise me.   waiting .  

dharma



#7 CLK

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Posted 14 March 2017 - 10:10 AM

Need to see new closing hourly highs in gold to believe a daily uptrend is happening. Right now it's just a bounce and hourly is weak.

Staying on the sidelines for now.



#8 senorBS

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Posted 14 March 2017 - 10:25 AM

on friday hgnsi was -16%

as i have said for years i am expecting stagflation

http://www.gold-eagl...inancial-health

 

market displaying bottoming action. so, i am still cautious. miners are starting to run a bit 

but, the picture may become more clear once the fed adjusts rates for higher inflation and the posturing for raising the

debt is out of the way.  we may have one more down in gold and i think the miners dont follow

stay tuned

dharma

nice to see this finally come down to this area, another important sentiment "ingredient" for a potential bullish case

 

Senor



#9 dharma

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Posted 14 March 2017 - 10:54 AM

i dont follow this guy, but other people here do.  jeff kern interview from 3/9

https://thedailygold...r-jeffrey-kern/

i decided to have a listen

dharma

senor hgnsi got to -22 

market not tipping its hand. 


Edited by dharma, 14 March 2017 - 10:55 AM.


#10 dharma

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Posted 14 March 2017 - 11:12 AM

hgnsi for yesterday -26.68%  it really collapsed.

open interest fell 2%

dharma