thanks jg and you are always a gentleman!
i posted this awhile back http://www.seasonalc...s_election.html
Americans vote w/their wallets, if the economy looks bad going into the election, the incumbent will have no chance of being reelected.
the fed is supposed to be Apolitical . so , this chart is and has been a guide. i have stepped back from the market so i can listen w/o emotional involvement. this is not the way bulls end. no bull market continues to climb year after year. in the 72-80 bull 75-76 saw golds price cut in 1/2 204-102 i dont think this correction will be that drastic, but i do think the lows could lie in front of us. sentiment continues to be in favor of the bulls, but sentiment can remain that way for extended periods of time.
from here. my compass says aug/sept then resumption of the trend. we shall see.
i have patience, no leverage, and time
dharma
a bottom!?
Started by
dharma
, May 17 2012 10:10 AM
143 replies to this topic
#62
dharma
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Posted 30 May 2012 - 12:06 PM
i didnt post this article yesterday http://www.mineweb.c...e...&pid=102055
every one sealed in their spider holes?!
dharma
every one sealed in their spider holes?!
dharma
#63
cgnx
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Posted 31 May 2012 - 06:02 AM
i didnt post this article yesterday http://www.mineweb.c...e...&pid=102055
every one sealed in their spider holes?!
dharma
Sounds like the boys may have positioned themselves. If something like this passes, the floodgates could open. I wonder the odds of this passing? Hmmmm
If it can be cornered, it will.
#64
dharma
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Posted 31 May 2012 - 10:26 AM
the mini uptrend line from the lows was broken yesterday. some longs got flushed, then the market turned around producing a long tail. seems to me world wide, here and now, the presses have shut off. oil, has taken it on the chin, of course for retail buyers of gasoline, the price hasnt budged. do you think that is speculators @work?? i think not! sentiment in the metals . HGNSI at -2.3% ... MarketVane’s Bullish Consensus at 54%. this is positive, but sentiment can remain bullish for a long time. w/o liquidity the abyss awaits. the broads could experience a mini crash. the metals are listless. i am doing nothing. this will resolve in time. a crash of any type in the broads will not bode well for the incumbent
dharma
#65
tria
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Posted 31 May 2012 - 10:44 AM
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#66
dharma
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Posted 31 May 2012 - 11:15 AM
armstrong
http://www.martinarm...0Boom/index.htm
armstrong
http://www.martinarm...iracy/index.htm
dharma
http://www.martinarm...0Boom/index.htm
armstrong
http://www.martinarm...iracy/index.htm
dharma
#67
tradermama
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Posted 01 June 2012 - 08:37 AM
pnf buy on gold today..finally hitting 1600..now we see where we go
and now I have a pnf sell on dow/rut/nasdaq..after a few days being on a buy..wild swing..not normal
#68
tradermama
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Posted 01 June 2012 - 08:55 AM
Gold could have put in a triple bottom now that we have this pnf buy signal..time will tell. Most likely it's all about some stimulus coming into the market and gold is picking up on that..if nothing happens then of course we go back to the drawing board ..but for now, it's looking a lot better
TM
#69
johngeorge
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Posted 01 June 2012 - 09:10 AM
From KWN May 31, 2012: Egon von Greyerz Market Chaos & Incredibly Important 200 Year Chart
As TM noted gold spiking higher this am.
As TM noted gold spiking higher this am.
Edited by johngeorge, 01 June 2012 - 09:14 AM.
Peace
johngeorge
johngeorge
#70
dharma
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Posted 01 June 2012 - 09:33 AM
i keep posting extreme sentiment figures to show the specs are short. the cot figures show the commercials getting more and more long. today is the meeting of all that. hopefully the less than year correction has not deterred some of you from the main trend. which sooner or later will assert itself. there was real pent up energy in the market. crude oil getting hit saves the consumer lots of money, of course that assumes that the oil companies adjust the price of gasoline accordingly . its election time!! keep that in mind . i have posted and reposted the dow chart in election years. when you consider the dow was @6500 in 08 and where it is today, it has not given back much of its gains. if there is some form of monetization my guess is it will be a global announcement. none of the g20 are in great shape economically.
if you get confused in a correction, ask yourself has the sovereign debt crises been resolved.? what has occurred really? keep in mind that sovereigns want their constituents to use their fiat. gold is the other side of the coin. it has no debt. pays nothing. and is real sound money. w/a long history of being so.
markets ebb and flow. and in the ebb folks manage to sell and take losses. the bull wants to take as few riders as possible.
you have the 3rd phase of the bull to go over your mistakes of the 1st 2 phases and come up w/ a sound plan. the key is not to be greedy. parabolics generally end one way!
best of luck
dharma
