27 replies to this topic

[andiron]

the bear trap sprang open..but a dacade plus bull market is ready for a final onslaught. thru 2014-15....it will be mind numbing and money will be made as if they lay on the street......

[senorBS]

the bear trap sprang open..but a dacade plus bull market is ready for a final onslaught.
thru 2014-15....it will be mind numbing and money will be made as if they lay on the street......

si amigo, the Phoenix may rising from the bear's ashes, rally today needs to hold above 1600 and keep chuggin norte, me likes what me sees so far

Senor

[tria]

Si amigos, my short term target was near 1615 by tomorrow or on Thursday and then a correction. After that will see what next week brings. -tria

[salsabob]

Perhaps a more interesting observation would be gold's fluctuation due to a perceived 'crisis' sans inflation hysteria (what are bonds doing?). Obviously, the latter (i.e. inflation) can be a key (and more typical) element of the former (i.e. ‘crisis’), but if one is entering (or continuing) a long period where it is not, it may be instructive to know the difference. Inflation ‘crises’ tend to have pretty extended periods and thus support longer term gold prices. Other types of ‘crises’ however? Maybe not so much, ey? Valuing an asset that has no fundamental production yield is tough sledding – its been an issue ever since the first caveman found that first shiny nugget. Muddling through takes the shine off.

[dharma]

now, that was instructive -what a perfect trap they created and sprung. the weak shorts will be forced to cover. dharma not certain we are completely out of the woods. did my buying now i wait

[dharma]

now, that was instructive -what a perfect trap they created and sprung. the weak shorts will be forced to cover. dharma not certain we are completely out of the woods. did my buying now i wait

[senorBS]

now, that was instructive -what a perfect trap they created and sprung. the weak shorts will be forced to cover.
dharma
not certain we are completely out of the woods. did my buying now i wait

holding almost all the gains so far, 1620 is resistance, geter norte of there and it gets muy bueno. I also wanna see GDX close above last May's closing low at 39.34.

Senor

[fib_1618]

A little late to the thread, but until the PM internals turn up, we still have downside price objectives still on the table. We'll see how things look at $1525 and we'll go from there. Fib

[tria]

“This massive flush is nearing a trigger event.”
Eric De Groot

London PM Fixed Gold and GLD (ETF) Total Assets WA Stochastic Exponential Moving Average (13DEMA)

http://4.bp.blogspot...00/Gold TA3.PNG
(click on the chart to enlarge)

The Stochastic 13 day EMA of total GLD assets has not been that low (3%) in the last decade.
Any potential new low for this recent down move shoud not be that much lower, I dare to predict.

-tria

[dharma]

“This massive flush is nearing a trigger event.”
Eric De Groot

London PM Fixed Gold and GLD (ETF) Total Assets WA Stochastic Exponential Moving Average (13DEMA)

http://4.bp.blogspot...00/Gold TA3.PNG
(click on the chart to enlarge)

The Stochastic 13 day EMA of total GLD assets has not been that low (3%) in the last decade.
Any potential new low for this recent down move shoud not be that much lower, I dare to predict.

-tria

hi tria, yes i read eric also, he has an interesting slant.
i am thinking the same thing. some form of W
the sellers dont have the same enthusiasm as before.
the trap is being set
dharma