262 replies to this topic

[dougie]

in this case I can assure you I am happy to oblige

you are right!
a low it was. the low is a diffeernt matter.

who in the heck knows if it is THE low, don't really care, just trying to identify what looks to me the potential for a muy bueno trading bottom. Do note though that monthly-weekly-daily RSI so far all have diverged into this weeks new major decline lows and sentiment is extreme and these have a bueno chance to be fifth waves of at least intermediate term degree. These are classic ingredients for a low and your sarcastic posts yesterday may have been the last missing ingredient - gracias for being such a bueno contrary indicator

Senor

[dougie]

all this bottom calling must surely make a contrarian think the bottom is a ways off you still long senor?

[dharma]

maguire
http://kingworldnews...er_On_Fire.html
i found this piece interesting
dharma
yes, the few of us mentioning the possibility for a bottom against the large spec horde shorting away wets a contrarians appetite.

[dougie]

wasnt maguire shown to be a fraud?

Edited by dougie, 26 November 2013 - 12:50 PM.

[Russ]

Yes Dharma, very interesting sediment (sic after da_cheif ) reading being bearish now puts bears in the majority it appears?

After another week of continued pressure in the gold and silver markets, we have finally seen both gold and silver bullish sentiment fall to the historic lows seen on June 28th. There are now a stunning 63% fewer gold bulls than what was seen at the peak level of 2011. Moving to silver, there are now an astonishing 73% fewer silver bulls than the high set in 2011....

I have trends showing the gold stocks (gdx, xau etc.) will go up into mid to late January 2014 and I am well aware that Armstrong and Hadik are pounding the bear drum to take out last June's lows on Gold but that is what I see for now, after a pull back into march/april then a summer rally gold can head back down perhaps.

maguire
http://kingworldnews...er_On_Fire.html
i found this piece interesting
dharma
yes, the few of us mentioning the possibility for a bottom against the large spec horde shorting away wets a contrarians appetite.

[johngeorge]

Ron Paul Interview

[senorBS]

all this bottom calling must surely make a contrarian think the bottom is a ways off
you still long senor?

I bot GDX yesterday at 21.90, still long

Senor

[senorBS]

maguire
http://kingworldnews...er_On_Fire.html
i found this piece interesting
dharma
yes, the few of us mentioning the possibility for a bottom against the large spec horde shorting away wets a contrarians appetite.

2 up days in HUI into the 14th and eight straight lower closes since then

Senor

[pisces]

maguire
http://kingworldnews...er_On_Fire.html
i found this piece interesting
dharma
yes, the few of us mentioning the possibility for a bottom against the large spec horde shorting away wets a contrarians appetite.

2 up days in HUI into the 14th and eight straight lower closes since then

Senor

"I read the following quote years ago in a book."
before going against the Large Specs,ask yourselve the question:How did they become Large Speculators?

have a great holiday all.

[dharma]

the smart money is the commercials. the large specs are the big fish that get eaten by the large specs. the large specs get their resources from folks giving them money to trade. that is how they became large specs. he is smarter than me , i will give him my $$$ to trade for me. ltcm comes to mind-when genius failed. then in 08 the boys ousted lehman et al. bit coin hit 1k , yes what is that anyway???? i know another scheme, which is working right now. i am getting the feeling, and yes i have dates, price objectives etc., which i am throwing out for now and putting my ears to the market. gold may be the most hated vehicle in the market. i watch the grains which appear to be hammering out a bottom. i read marty every day. i have respect for the man. like the rest of us , he too gets it wrong. same as the rest of us. jim rogers is looking for 50% retracement from the high , which is quite reasonable. i am not claiming anything, but when a market gets this hated and lopsided its time to listen up. whenever and from where ever the turn comes, it will be a V . shorts will continue to short this thing all the way up . the psychology is ripe for that. do we need to see lower lows ? i have no idea. watching in here and waiting. yes, there could be year end tax loss selling in the miners. do you think indians and chinese care if ben tapers. will it change their view of gold! absolutely not. they have been shafted for generations by a multitude of govt schemes. in india is also part of their religious beliefs. believe me ben does not enter the picture. the old guard there which chidambaram represents will be replaced @ some point . he has asked for a year. so indian gold buying is on ice. modi is running for election. he ran the most successful state in india. he is pro gold the election is in april, if he is not taken out, then look for change in the guard there. in the far east , they are not traders of gold, they buy and hold. sure i can imagine the unrelenting pressure being on gold into 14 well into it. but now the market is @ extreme. time to watch carefully . pick calculated spots. small losses is the way to play. unless of course you have deep deep pockets dharma