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emerging wave 3?


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#1 dharma

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Posted 13 September 2017 - 10:07 AM

currency wars lead to trade wars, which leads to shooting wars and that is where i believe we are

hadik has 17 and 18 as a  time for war

oct 18 is when the chinese communist party elections , this could be a big event

at present there are hourly divergences in gdx/gdxj/gld/slv if they hold then we can be looking at the bottom right. here.  w/the articles i posted last night , the world is changing . the east , brics, are ready for a new currency.  will china present a gold backed yuan? 

dharma


Edited by dharma, 13 September 2017 - 10:09 AM.


#2 gannman

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Posted 13 September 2017 - 08:14 PM

i would like to see this pullback last into the equnox fwiw


feeling mellow with the yellow metal


#3 dharma

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Posted 14 September 2017 - 09:29 AM

could very well work out that way

there are hourly divergences on the gdx/gdxj/gld/slv  charts is this enough of a correction after a 150 dollar rally?  the monsoon in india so far is sub par, after 150 dollar rally are the indians buying? 

i have elected to wait and see. i am long and waiting  . this may not be enough pain.  north korea has threatened to sink japan. 

the market looks firm. however that large commercial short position has me thinking

dharma



#4 dharma

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Posted 14 September 2017 - 11:14 AM

its very quiet on the gold boards the quiet before the storm  we could visit 1280-1300 before the trend resumes

dharma



#5 dharma

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Posted 15 September 2017 - 10:13 AM

no interest , no inspiration to post.   

 

dharma



#6 jabat

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Posted 15 September 2017 - 10:48 AM

 

gold09152017.png



#7 dougie

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Posted 15 September 2017 - 12:14 PM

 
gold09152017.png


Your chart Jabat?

Pretty short 2

#8 dharma

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Posted 15 September 2017 - 03:06 PM

commercials reduced longs=they have more shorts. they also added shorts in silver. 

http://news.goldseek.../1505503920.php

i expect the rinse cycle to continue w/more correction in store, 1300 has to be tempting to them

 

we see

dharma


Edited by dharma, 15 September 2017 - 03:06 PM.


#9 jabat

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Posted 16 September 2017 - 09:23 AM

Dougie- This is the chart of someone whom I follow on other forum.



#10 dharma

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Posted 18 September 2017 - 10:47 AM

here we are in correction mode. the commercials sold longs to get even more short

we have the fed meeting on the 21st , i have to believe the propaganda will be sell gold  and this will cause the low into the equinox. whenever gold is rising, except when into the parabola, its best to wait for the inevitable pullback to buy.  

i am still in wait mode, hourly charts are oversold. not so on the daily. and the banksters have yet to scare w/the fed card. that card baffles me , rates are still very low and their metrics aside, as a person using energy and consuming food the inflation is above interest rates. health care costs by themselves continue to rise at a blistering pace.  rising rates are gold bullish

the next leg will commence soon enough. 

dharma