634 replies to this topic

[jabat]

 

[dharma]

as for the fed- yes they are in hotel california. they are trapped , they can never leave the market.  the #s for a probable hike in dec were quite high. now , i think to myself , yellen is out once her term is up . these people are very conscious about their legacy. if raising rates causes a stock market pullback or crash. how will that look on her legacy. i will strike a guess , when it comes to december, the fed will come up w/all the right reasons, and not hike. when the market participants start to connect the dots, gold will be into a run. what is interesting to me is they have raised rates and yields have fallen so has the dollar.  opposite of what you would think. yes, these are interesting times. every recession that has occurred has done so as a result of a blunder by the fed.  

 for me one of the many keys is  the infrastructure for a bull market in gold  is going to come from the east . so we have the shanghai exchange , dubai exchange ,sharia standard,  and the soon to be mumbai exchange.   the west Britain has sold all its gold as has canada.  the germans are starting to buy gold in a big way. but no other surges in the western buying  the east is the leader. in gold buying.   we are closer and closer to the bull market era for gold

dharma

 

the fed 

https://www.cnbc.com...ese-levels.html

Edited by dharma, 13 October 2017 - 01:44 PM.

[dharma]

this # out of china is significant, it is significant because so much of what is produced comes from china https://gracelandupdates.com/wordpress/wp-content/uploads/2017/10/2017oct16priceandgold2.png will they be exporting inflation?

i found this chart interesting when laying a gold chart over it!    https://gracelandupd...iceandgold2.png

note the lows in 08 and the 08 lows in gold and the highs in 11 corresponding w/ the all time highs in gold.  its why i think the ppi # out of china is so significant

so far diwali buying has been good , that coupled w/china coming back from vacation , gold put in a good week last week.  

i look for a slow steady rise higher in gold price

dharma

[senorBS]

this # out of china is significant, it is significant because so much of what is produced comes from china https://gracelandupdates.com/wordpress/wp-content/uploads/2017/10/2017oct16priceandgold2.png will they be exporting inflation?

i found this chart interesting when laying a gold chart over it!    https://gracelandupd...iceandgold2.png

note the lows in 08 and the 08 lows in gold and the highs in 11 corresponding w/ the all time highs in gold.  its why i think the ppi # out of china is so significant

so far diwali buying has been good , that coupled w/china coming back from vacation , gold put in a good week last week.  

i look for a slow steady rise higher in gold price

dharma

agree, and let's not forget that Dr Copper is hitting 3 yr highs today and CRB on Friday registered the highest close on this rally from June's important secondary bottom and could be entering a iii of 3 basis daily charts headed to potentially well above above 200, so nice chart support imO for the fundanentals

 

BSing away

 

Senor

[jabat]

 

[Smithy]

As of this evening on Mon 16th with spot gold trading at 1294, I'll stick my neck out just for kicks (I'm sure I'll get a few, lol) - my target for this retrace is around spot 1285, and my timing is this Thurs 19th. One or the other might be correct.

We'll see.

[senorBS]

excited almost all longs for pretty much a breakeven trade, just don't like some of the patterns I see, as always DYODD

 

Senor

[Smithy]

As of this evening on Mon 16th with spot gold trading at 1294, I'll stick my neck out just for kicks (I'm sure I'll get a few, lol) - my target for this retrace is around spot 1285, and my timing is this Thurs 19th. One or the other might be correct.

We'll see.

 

Low so far 1283.6 c.f. 1285 target  - we'll see.

[jabat]

 

[dharma]

yesterdays, move to below 1300 turned me very cautious. it is possible that we go back to 1215  the demand for diwali is slacking https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/demand-for-gold-jewellery-falls-around-30-in-run-up-to-diwali/articles  this is what caused the 1st smash coupled w/china going on 1 week holiday.   looks like we are in for more base building

venezuala has decided to join russia in taking yuan for oil  and russia has decided to be even a big supplier of oil to china http://www.reuters.c...m-idUSKBN1CL0R2

in the next 2 days chinas communist party meets.  the results should be interesting   rocket man claims he has a new rocket.  it seems he is bent on war w/usa.  it seems to me this situation is being severely discarded

banks, atms , and just about everything else is still shut down in puerto rico.  the items that are for sale at stores require cash.  so in a system breakdown one needs cash  in spite of what one is told

very cautious in here, turned protective

dharma