145 replies to this topic

[dharma]

HGNSI collapsed 18.8 points yesterday to -12.5% which was last seen during the first 7 sessions of 2013 when Gold made its current low for the correction since October. MarketVane’s BC at just 55% (and both probably even lower as of today). sure looks like someone is accumulating dharma

[senorBS]

HGNSI collapsed 18.8 points yesterday to -12.5% which was last seen during the first 7 sessions of 2013 when Gold made its current low for the correction since October. MarketVane’s BC at just 55% (and both probably even lower as of today).
sure looks like someone is accumulating
dharma

Dharma, I'll be interested to see the latest HGNSI reading after Friday's carnage, TIA

Senor

[bunker]

There was no POMO by the Fed to push the market up today. I'm afraid that we will break 39 if stocks break down next week.

[quote name='blacktooth' date='Feb 13 2013, 09:50 PM' post='646943']
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

[senorBS]

DSI daily sentiment for Gold hit 5% Bulls on Friday, 7% for Silver. The 5DMA is at 12%, while the 10 and 21 day at 16%. Rather extreme, next week is the "tell" IMO, either am importante bottom or third wave collapse. To have sentiment this bearish while still considerably norte of the 2012 lows is MUY interesting, muy interesting week comin up. BSing away Senor

Edited by senorBS, 16 February 2013 - 11:12 AM.

[beta]

There was no POMO by the Fed to push the market up today. I'm afraid that we will break 39 if stocks break down next week.

...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:

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

Yes, agree. Once GDX breaks the 38 pivot, 31-35 appears to be the next playing field (i.e., bottom half of the range).

Edited by beta, 17 February 2013 - 03:18 PM.

[RagingSpartan]

There was no POMO by the Fed to push the market up today. I'm afraid that we will break 39 if stocks break down next week.

...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:

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

Yes, agree. Once GDX breaks the 38 pivot, 31-35 appears to be the next playing field (i.e., bottom half of the range).

I am surprised at the lack of conversation about a LT top in Gold at $1900. Against all other assets Gold was very overvalued at that price.