Member
Posted 25 September 2017 - 07:45 PM
hmmm, that was a nice pop UP. SLV IMO has a bueno cHANCE TO HAVE finished a 5 of C THRUST THIS MORNING TO A MARGINAL NEW DECLINE LOW, COULD BE A LARGE ABC DOWN DONE FROM RECENT HUGHS, WE SEE
SENOR
Gdx do a 1-2 1-2 there?
who knows Dougie as I have said wave counts are muy tough here, looks corrective down in gold and silver and lets see what happens
Senor
Member
Posted 26 September 2017 - 10:36 AM
todays smash is options expiration, note how the price is glued to 1300 puts and calls expire worthless, no surprise here
http://www.seasonalc...ssics_gold.html some years this chart is a great guide. at present what i think is going on is the rt shouldering of an inverse h&s pattern on the gold chart. it may take some time then the chairman of the world gold council came out w/this yesterday https://www.bloomberg.com/news/articles/2017-09-25/we-re-reaching-peak-gold-just-as-political-panic-drives-demand he is influential it could cause fund managers to allocate money to miners. peak gold is a concept, and it seems the miners have cut their exploration budgets significantly since 12 .
this was mentioned , china has a new plan to buy oil , they pay in yuan, the oil seller can take those yuan and get physical gold on the shanghai exchange and can also hedge the gold on the shanghai exchange. the #3 exporter of oil -russia has accepted this plan . venezuala #7 exporter has also accepted this plan and other oil exporters are going to announce their acceptance. kissenger had put the plans for the petro dollar in place in 74 since then the world has operated using the petro dollar. http://www.reuters.c...r-idUSKCN1BQ2D1
dharma
after a pause here , i look for the market to get above its trump elected peaks . modi calls 100rps notes
Member
Posted 26 September 2017 - 03:35 PM
todays smash is options expiration, note how the price is glued to 1300 puts and calls expire worthless, no surprise here
http://www.seasonalc...ssics_gold.html some years this chart is a great guide. at present what i think is going on is the rt shouldering of an inverse h&s pattern on the gold chart. it may take some time then the chairman of the world gold council came out w/this yesterday https://www.bloomberg.com/news/articles/2017-09-25/we-re-reaching-peak-gold-just-as-political-panic-drives-demand he is influential it could cause fund managers to allocate money to miners. peak gold is a concept, and it seems the miners have cut their exploration budgets significantly since 12 .
this was mentioned , china has a new plan to buy oil , they pay in yuan, the oil seller can take those yuan and get physical gold on the shanghai exchange and can also hedge the gold on the shanghai exchange. the #3 exporter of oil -russia has accepted this plan . venezuala #7 exporter has also accepted this plan and other oil exporters are going to announce their acceptance. kissenger had put the plans for the petro dollar in place in 74 since then the world has operated using the petro dollar. http://www.reuters.c...r-idUSKCN1BQ2D1
dharma
after a pause here , i look for the market to get above its trump elected peaks . modi calls 100rps notes
I think Armstrong said he originally suggested the Chinese link oil contracts to gold, he says they follow his work closely.
Member
Posted 27 September 2017 - 08:45 AM
added a little into this early weakness, now about 25% long
Senor
Member
Posted 27 September 2017 - 08:51 AM
For spot gold, C will equal 62% of A at 1271. We'll see.
Member
Posted 27 September 2017 - 10:37 AM
it is amazing to me , rallies occur folks jump on get all bulled up , and then its the rinse cycle. when gold went into the parabola in 79 inflation was ripping , rates were being steadily raised by volcker even outside of fed meetings. and the news was electric-russia invaded afghanistan, the shah of iran was toppled. , commodities were in bull markets. now the backdrop of huge debt is there. the fed is confused offering to reduce their balance sheet , threatening to raise rates, and in general doing little to nothing.
the gold/gdx market is not oversold on a daily , after being way overbought on a daily, so i did some nibbling some days back , now i am waiting for the despair. the chess match w/n/korea is at a stall. china told n/korea if they initiate the war, china will not back them. s/korea told the usa the same. so the sound and fury will be reduced to words- all of us say thank you. so, golds rise from this geopolitical mess will look for other catalysts. dont fret there are tons of possibilities. the debt is not going away, and it can never be paid. longer term this is the place to be. in the short term one can experience death by a 1000 cuts. every day brings us closer to the stark reality =this system of fiat has been stretched. it is near its end
dharma
Member
Posted 27 September 2017 - 12:20 PM
added a little into this early weakness, now about 25% long
Senor
Member
Posted 27 September 2017 - 12:23 PM
added a little into this early weakness, now about 25% long
Senor
I notice that Dust has not made new highs even though Gold made a new low, Dust is up against it's breakdown line going back many months now. Will it jump the creek?
Edited by Russ, 27 September 2017 - 12:24 PM.
Member
Posted 27 September 2017 - 03:25 PM
1263 here we come?
