for those who question , "are we beginning wave 3 up?" i am questioning it also but it is a possibility. i am bullish on gold for the next 3-5 yrs. so , i am labeling this thread that way
so , we begin may- "sell in may and go away"is the adage
since 96 money velocity has been in a down trend. ie a big deflation period. qe the way bernake instituted qe it was deflationary. raising rates will reverse that at some point . the qe money ball the banksters received was stored at the
fed, not put in the fractional reserve banking system , to be lent out
sugar and rice are 2 staples . rice for much of the world https://gracelandupd...1inflation2.png this wedge will end soon. and sugar could be starting an up trend here both of these are gold friendly.
india and china are the 2 largest gold buyers in the world. and w/the shanghai gaining in respect and volume and the quattro in dubai gaining at some point down the road the comex lbma viper den will be rendered to a secondary role. BUTT not yet. also the sharia was recently created and is yet to be prominent in the moslem world
there are also other vehicles being created https://gracelandupd...igitalgold1.png
at present gold is mired in a correction. as senor pointed out silver has been down 10 days straight . which brings a gann rule to the fore. " get ready to reverse shorts and go long.
1261 is holding very well
w/1245 as major support.
i am watching . not interested in doing anything
gold is singing people to sleep
its a dangerous world out there. w/mountains of govt debt that can never be paid off
i am not interested in bit coin. so i dont follow it except when someone posts a chart and such.
miners day will come when there is evidence of rising stagflation. by the feds own admission inflation is rising
i am not in the hyperinflation camp. i think its back to the 70s and the fractal of the 70s is working fairly well. this is
a longer cycle than that was. gold began trading on comex in 74
Edited by dharma, 01 May 2017 - 09:43 AM.