1565 replies to this topic

[dharma]

dont have the latest dsi #s but the spx and compx got readings over 95!   ding ding ding

dharma

gannman i agree 

[senorBS]

dont have the latest dsi #s but the spx and compx got readings over 95!   ding ding ding

dharma

gannman i agree 

RSI weekly 14 bar highest on my charts since 1972! My S&P short from this mornin lookin bueno so far but I know how hard it is to pick a blowoff 5th wave top of what could be epic proportions

Edited by senorBS, 16 January 2018 - 02:42 PM.

[gannman]

gg breaking out today anyone know what the catalyst is ?

[senorBS]

dont have the latest dsi #s but the spx and compx got readings over 95!   ding ding ding

dharma

gannman i agree 

5 and 10 day MA's in S&P and Naz both over 90% bulls, don't know if I have ever seen that or amongst I have ever seen

[Smithy]

 

dont have the latest dsi #s but the spx and compx got readings over 95!   ding ding ding

dharma

gannman i agree 

RSI weekly 14 bar highest on my charts since 1972! My S&P short from this mornin lookin bueno so far but I know how hard it is to pick a blowoff 5th wave top of what could be epic proportions

 

Gann said you will sometimes see the extreme price of the year in either the 1st or 3rd week of January.

One example was the gold top 1/20/80.  Back to travelling, see y'all in a week.

[dharma]

i found this interesting http://www.321gold.c.../hoye011418.pdf

didnt have the kahunas to short it this am. but it was mighty tempting . i think  this sector is going to surprise during the nexts months

dollar oozing down

dharma

rbc raised the target on gg from 15 to 18 they upgraded the stock to outperform

Edited by dharma, 16 January 2018 - 03:37 PM.

[Russ]

 

 

Why are the gold stocks lagging the price of gold now?  Nugt is 34, it should be up around 40 based on last September's gold price.

In Fast Moving Markets NUGT actually moves MORE that 3X the underlying asset

 

In range-bound or choppy markets NUGT will decay and lose value even as the underlying asset remains unchanged

This is Called Slippage

 

Russ - so there is NO HISTORICAL relationship between this type of trading instrument and the underlying asset

 

In trending markets you will be able to look at 'short-term' correlations only-in choppy or range-bound markets FORGET ABOUT IT!

 

To properly answer your question there is the HUI/GOLD ratio chart - miners have dropped slightly in their ratio to gold since September:

 

http://stockcharts.c...221&a=311041004

 

true, the thing is the psychology of the environment is also a key. its why i talk about money velocity. if money velocity is rising , its a signal that inflation is here . we have been in a declining money velocity environment since 96 , as a result miners have lost ground vs gold. when money velocity begins to rise this will entice institutional investors into the sector.  until then, miners will remain in the gutter. i see the atmosphere changing , slowly slowly in the sector.   miners are cheap vs all metrics. vs gold they have lost considerable ground. for example.   they will regain their stature as the environment changes from deflation /stagflation. there are several factors to consider.i am not going to get into that now, i will only say the crb is indicating a change to the present environment and miners have been stretched far in the other direction.   i believe 18 will be the transitional year.  so at some point miners will run vs gold  there is alot of catching up to do. 

 

the cots were bearish on friday.  sometimes not often the commercials get overrun. it happened in 79 , and in this present time  w/the dubai quattro and shanghai exchange there is the possibility  it can happen again. i would nt bank on it here and now though 

dharma

something has to go, it will be the dollar. it will be jettisoned. lower the dollar=debt is less

 

What's your take on MA's latest Dharma?.... QUESTION: Mr. Armsyrong; Thank you for an eye-opening conference. Can’t wait for this year. You said 2018 was a Panic Cycle Year and that it would be unlikely to create an outside reversal in the Dow, but we should expect wild times ahead. Is this panic cycle impacting many other markets as well?

JV

ANSWER: Yes. This is the beginning of the Monetary Crisis Cycle that will go into 2021. That is probably where we will see the dollar rally break the world monetary system. This year, we should expect most markets to test BOTH sides of the game so pay attention to the Global Market Watch and the Reversals. This will tell us when the trends shift. There will be the classic fool who thinks that just because the euro finally exceed last year’s high or gold has rallied that this is it and that means the next four years will be the same.

Panic Cycles are notorious for trapping people on either the long or short side. You always have to trap the majority in order to create the slingshot to the upside of the waterfall to the downside. This is why they remain fools for they rush in based upon a few day’s price action. So far, everything is running its course. We are finally getting closer to the 125 threshold of resistance in the euro and the pound sterling has rallied with many starting to bet that BREXIT will not happen. Buying the Euro because interest rates are expected to rise with the ECB backing off of QE is just not being thought through rationally. QE has FAILED to stimulate the economy after nearly 10 years, and all it has done is subsidize EU member states. Rates will rise when they start to have to sell to real buyers. Then the sentiment will shift mid-year and we will test the opposite side.

This is going to be a crazy year that seems to be divided into two trends in many markets (not all). We are going to issue the 2018 Canada Report, 2018 Gold Report, 2018 stock market report as quickly as possible. The Canada Report will be available at the Vancouver event in February. I will also be the keynote speaker this year at the Hack Miami 2018programmer’s conference May 19-21, where I will be delivering the lecture on the future and AI Programming. Socrates is the only system out there that writes actual reports on its own.

[stubaby]

I am pondering if a large gaily 5-wave rally from the Dec lows ended this morning. IMO it certainly can be counted that way in GLD-GDX-GDXJ-HUI-XAU with SLV ending its 5th wave Friday. It could yet be more bullish with this being a 3 that soon resumes but 5 up is now "worst case" IMO. We also could do a quick and shallow wave 2 that takes prices back to prev. 4th wave support which is the area of last weeks lows. Interesting juncture yet overall very bullish IMO, 

I am actually thinking this could be a 'b' Wave off of last weeks low print (using miners' charts) - with 5 Waves up actually completing on January 4th (last weeks low print being the "a" Wave).  This would leave a "c" Wave ahead to complete a very, very bullish 'running correction' for Wave 2 or Wave 2 completed last week at the 38.2 FIB and off we go immediately.

[Russ]

i found this interesting http://www.321gold.c.../hoye011418.pdf

didnt have the kahunas to short it this am. but it was mighty tempting . i think  this sector is going to surprise during the nexts months

dollar oozing down

dharma

rbc raised the target on gg from 15 to 18 they upgraded the stock to outperform

The technician in that article - Ross Clark - is my old futures broker, he follwed Armstrong around in the 80's for months. Clark said that "nobody can keep up with Marty".

[gannman]

thanks dharma for that news