634 replies to this topic

[dougie]

added some GG into new lows barely below Dec 2016 bottom - think we are ending a large correction from July 2016 high, added Nem below 34.85, now 60% long and holding. Like the silver stock action a lot today, I own SIL, SILJ, CDE and FSM in that area. Nice 12 hr RSI divergence into this current gold new decline low, no new low "so far" in GDX/GDXJ and others. as always DYODD

 

Senor

He's Alive! 60% long! Cahones man! Cahones!

But we know you are one fast coyote: Andale Andale!

[dharma]

to have a bull market era there has to be structure in place. the lbma and comex are dominated by paper gold and is owned and operated by the banksters. 

the brics are trying to change that:

http://www.atimes.co...ary-revolution/

http://beforeitsnews...ar-2925711.html

it is coming . gold is sliding in the face of a potential interest rate hike.  interest rate hikes are an admission that the cbs are behind the curve , its a world wide phenomenon https://www.theguard...lation-businessits happening slowly.  the sector remains under pressure.  but its not breaking down, its a slow steady grind here. all the while the commercials are getting out of their outsized short position and the specs and small specs are getting bearish.  keeping amo ready i believe this will be a significant bottom 

dharma

this is the window i expect the low and bottom to occur  tomorrow is the date

Edited by dharma, 12 December 2017 - 12:20 PM.

[dharma]

by the way senor nem according to bmo is set to increase its dividend by 50% in 2018 , which will make that stock very attractive

 

stan druckenmiller is one of the smartest guys out there https://www.cnbc.com/2017/12/12/druckenmiller-central-banks-are-financial-worlds-darth-vader-creating-exploding-asset-bubbles.html  this was this am on cnbc. 

dharma

[Smithy]

Thanks for the Druck interview.

 

I'm a bit puzzled that someone of his stature doesn't think the CBs will print their way out of the next deflation, thus bringing in inflation.  They'll print money until they get inflation. Not sure why he doesn't see it that way.

[gannman]

we could have a bottom in as soon as tomorrow. we will see obviously

 

we would have to see some excellent strength tomorrow and thursday 

 

i am saying a 20 to 25 points move up in the hui  over two to three days

[Russ]

Seeking Alpha analyst Oleh Kombaiev predicted 1230 Gold in October, today's low was 1238.40.

 

"The UST 10-year yield is likely to continue growing, which is a key pressure factor for the gold price."

(1) the dynamics of the U.S. real interest rate remains the determining factor in the gold market, and a number of assumptions related especially to the probable future monetary policy of the Fed allows to expect further growth rates, which is negative for gold;

(2) the geopolitical risks support the gold market, but their relevance reducing;

(3) the actions of funds at least do not support the gold market.

 

All the above considered, my forecast remains the same - the gold prices will decrease to a level of $1,230 in the next two months.

Note: as of Dec. 12 the UST 10 year has not come up to his projected level but his Gold price lever prediction of 1230 is very close.

https://seekingalpha...a765b&dr=1#alt1

Oleh Kombaiev 

Edited by Russ, 12 December 2017 - 05:12 PM.

[senorBS]

sentiment per dsi now getting toward extreme negativity. Todays reading was 13% gold bulls, 10% silver, 5-day gold at 19.8, silver 5-day at 12.8, we've seen it go lower for longer for sure, but these readings are supportive of a possible important low, we see

 

Senor

[Russ]

added some GG into new lows barely below Dec 2016 bottom - think we are ending a large correction from July 2016 high, added Nem below 34.85, now 60% long and holding. Like the silver stock action a lot today, I own SIL, SILJ, CDE and FSM in that area. Nice 12 hr RSI divergence into this current gold new decline low, no new low "so far" in GDX/GDXJ and others. as always DYODD

 

Senor

Nice observation on the rsi Senor,  it is showing up on the 4 hr chart too.... 

[dharma]

thinking tomorrow , also, as a low. we now have daily divergences on a daily 9bar rsi,  McClelland is thinking december http://www.321gold.c...llan121217.html

https://www.cnbc.com...vans-today.html

hopefully this clarifys some of stan the mans thinking.   druckenmiller has been right at the top for the last 30 years. he said this year was among his worst

the sector is so oversold , not saying it cant get more oversold , miners are really inexpensive vs gold . i believe this parallels the velocity of money chart which has been going down for 20+years now, when that starts going up the miners will be the place to be. the fed has dragged its feet , 0 rate s only benefit the government , after all they are the largest debtor. for everyone else it brings deflation and that is what we are still experiencing. even 2% inflation has not been attainable. , based on their figures. lowering their balance sheet will also be deflationary, if they are able to do that.  its an amazing corner the fed and cbs have backed themselves into   the 1%has benefitted tremendously while the 99% has become poorer  

stay tuned i believe , fwiw , we are at an important juncture. here. 

dharma

[senorBS]

recent bueno miner action continues with flattish gold/silver prices this mornin and nice gains in miners, obviously Fed likely rate hike will cause some significant gyrations later today - my "guess" is its baked in and the possibility of a key low here in this mid Dec time frame has a solid shot

 

Senor