145 replies to this topic

[goldfungus]

no new tricks
same pattern day after day
dharma

Pension funds are liquidating and hedgies are shorting. It will end when it ends. When it does it should be a doozy. I don't want to be out of my core position when it happens.

[dharma]

if one is out of their core, then it wasnt core.
hgnsi =6.3%
market vane bullish consensus=56% all time lows were 55%(august 7th was the low reading)
stepping back, gold has made higher highs or been up 12 years in a row. that has to be some kind of record.
this correction has been about 17months. it may need longer to consolidate.?!?!?!?? the miners have forced quite a few splattered bugs to capitulate. i have no doubt that the 21-22 month cycle will produce new highs, after that , the correction could chew up more time. ?!?!?
here is the balance sheet of japan
http://www.graceland...013feb9boj1.png
this is the usa balance sheet. now normally, when this breakout occurs gold has already broken out
http://www.graceland...013feb9bal2.png
sooner or later, gold will re enter its climb higher. i dont have a crystal ball. markets have been manipulated, since their inception. if you have read jesse livermore, then you know that. i dont put any emphasis or concern on manipulation, i just assume it is occurring. always.
it was not volker rising rates into the stratosphere that caused gold /silver to plummet . it was the exchange(along w/the commercials , the exchange members were short silver) that caused the bull to end. no buying of silver contracts allowed. only selling. well it wasnt a surprise, what happened next. locked limit down on silver for quite some time.
dont believe me , do some research.
dharma
bulls take time. the broads bottomed in 81 bonds bottomed in 84. the dollar topped in 01

[stubaby]

Interesting: Barclays Halts Agricultural trading

[dharma]

while the chinese markets are closed for the new year, the boys can have their sway
http://www.scmp.com/...e-year-buy-gold
dharma

[dharma]

just to reiterate traderama's post . there are astro turns the 15th to the 18th

reversion to the mean
http://marketpendulu...rium-price.html

dharma

[senorBS]

just to reiterate traderama's post . there are astro turns the 15th to the 18th

reversion to the mean
http://marketpendulu...rium-price.html

dharma

I'm thinkin maybe miners might capitulate below May low of last yr, that's would be below HUI 372 and GDX 39.08, for now I am going to wait for that. I think ABX earnings out tomorrow so we will see what that brings. I'm flat

Senor

[dougie]

39 goes and the possibility of a multi year H&S top in GDX is triggered targetting 20's

not likely though

just to reiterate traderama's post . there are astro turns the 15th to the 18th

reversion to the mean
http://marketpendulu...rium-price.html

dharma

I'm thinkin maybe miners might capitulate below May low of last yr, that's would be below HUI 372 and GDX 39.08, for now I am going to wait for that. I think ABX earnings out tomorrow so we will see what that brings. I'm flat

Senor

[bunker]

A long-term view of GDX shows that while equities peaked in 2007, GDX was in a range between 31 and 41. Perhaps that is its natural range:

http://stockcharts.c...amp;a=283174436

On a shorter term basis, I don't think this has bottomed yet:
http://stockcharts.c...amp;a=283174436


[quote name='dougie' date='Feb 13 2013, 03:56 PM' post='646919']
39 goes and the possibility of a multi year H&S top in GDX is triggered targetting 20's

[dharma]

i put the guy who claims to have bought gold @21 an oz on ignore. interesting , to me when a consolidation takes place , guys want to feud. most of my $$$ is in the metal. i do have a substantial miner position , which i have no doubt will pan out. i dont look @this thing on a day to day basis. the pattern on the monthly gold chart is still quite encouraging. sure the metal can break down, and get into alignment that way w/the miners. its a possibility. lets talk about this market in a few years and then see where it is @. i learned last time , when you buy gold , you are taking on the cbs directly. their vehicle is fiat. which most of the time, is the vehicle of choice. i do little trading in this sector. good luck to all dharma

[senorBS]

some decent earnings and more importantly norte stock reactions in ABX, AEM. KGC. Treading muy lightly but ya need this kinda stuff at importante lows. No clear signs yet, I took another stab this mornin at Nugt and GDXJ, using tight stops. BSing away Senor