so much for consolidation
bottoming is a process
Started by
dharma
, Mar 05 2014 11:07 AM
178 replies to this topic
#52
dharma
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Posted 13 March 2014 - 11:30 AM
no one mentioned this , so i will . gold has made new highs on this run, silver has not!
took a little off the table.
dharma
#53
senorBS
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Posted 13 March 2014 - 01:21 PM
no one mentioned this , so i will . gold has made new highs on this run, silver has not!
took a little off the table.
dharma
actually at this stage I would be much more concerned if the more speculative silver was leading, it's lagging and IMO that is bullish, the fact that the XAU/HUI/GDX are all at new highs as well today is what we want to see
BSing away
Senor
Edited by senorBS, 13 March 2014 - 01:22 PM.
#54
dharma
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Posted 13 March 2014 - 01:37 PM
i agree w/you. i was on margin. the stock i sold almost doubled. so i booked it.no one mentioned this , so i will . gold has made new highs on this run, silver has not!
took a little off the table.
dharma
actually at this stage I would be much more concerned if the more speculative silver was leading, it's lagging and IMO that is bullish, the fact that the XAU/HUI/GDX are all at new highs as well today is what we want to see
BSing away
Senor
after being so compressed from june/to dec . there is no telling where this thing goes to let off
steam. the broads taking a hit. i like silver, but i am very cautious w/it. it is held almost entirely
by speculators. of course it has end users as well, but lots of speculators. the exit will not be wide
enough. dont get me wrong, i think its going way over 50. and once doing so, it will run. its a giant base
since 1980. i watched it in 80 locked limit down , for weeks. all those paper profits up in poof
dharma
Edited by dharma, 13 March 2014 - 01:39 PM.
#55
Lee48
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Posted 13 March 2014 - 02:11 PM
Silver seems to be acting like the commodity metals etf, DBB (copper and aluminum etc) that is breaking down.
Copper is on the breakdown support line ready for a 30% fall?
http://blog.kimblech...d-fall-30-more/
Copper is on the breakdown support line ready for a 30% fall?
http://blog.kimblech...d-fall-30-more/
#56
senorBS
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Posted 13 March 2014 - 02:20 PM
Silver seems to be acting like the commodity metals etf, DBB (copper and aluminum etc) that is breaking down.
Copper is on the breakdown support line ready for a 30% fall?
http://blog.kimblech...d-fall-30-more/
IMO the silver chart does not at all look like the copper chart
Senor
#57
Russ
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Posted 13 March 2014 - 02:37 PM
Silver seems to be acting like the commodity metals etf, DBB (copper and aluminum etc) that is breaking down.
Copper is on the breakdown support line ready for a 30% fall?
http://blog.kimblech...d-fall-30-more/
IMO the silver chart does not at all look like the copper chart
Senor
I agree with that Senor, silver looks more like it has done a double bottom and is headed towards the $30 area, silver (poor man's gold) seems to be roughly in step with gold, which are both behaving like a hedge against government default and maybe WWIII since 2014 is Wheeler's War Cycle as MA has pointed out.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#58
dharma
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Posted 13 March 2014 - 02:40 PM
yesterday , open interest was up = to me the gold market is moving to a war market where speculators come in and buy the prospect of war and safe money
i dislike war markets. armstrong http://talkdigitalne...k-in-money-126/
although in 79 russia invaded afghanistan and the market went nuts
scroll down to the map, to me this explains everything http://www.acting-man.com/?p=29188
dharma
i dislike war markets. armstrong http://talkdigitalne...k-in-money-126/
although in 79 russia invaded afghanistan and the market went nuts
scroll down to the map, to me this explains everything http://www.acting-man.com/?p=29188
dharma
Edited by dharma, 13 March 2014 - 02:40 PM.
#59
dharma
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Posted 13 March 2014 - 03:18 PM
ok the other side of the coin : soros
http://www.zerohedge...may-not-survive
dharma
its all a giant chess match
syria blocks the saudis from putting in a pipe to europe
ukraine the russians have pipes going through to europe
the ukraine is deep deep in debt.
putins approval ratings skying
obamas hitting lows
its all a giant chess board w/real lives on the line.
what if russia no longer accepts the dollar? what if it sells its treasury holdings?
what if the eu and usa sanction russia.
notice the miners are out performing everything.
no easy solutions. same old same oil/ng and power and control @ present russia has the only ng pipes to europe
last year one cold winters day. they closed the pipes for a day. mighty creditor germany is totally dependent on ng from russia or whoever else provides ng.
in 79 russia invaded afghanistan
shah of iran was toppled
gold went up on both sets of news
the thing w/ war markets is peace breaks out and the war traders exit.
the syria issue was the last case that came to mind.
putin checkmated kerry
dharma
http://www.zerohedge...may-not-survive
dharma
its all a giant chess match
syria blocks the saudis from putting in a pipe to europe
ukraine the russians have pipes going through to europe
the ukraine is deep deep in debt.
putins approval ratings skying
obamas hitting lows
its all a giant chess board w/real lives on the line.
what if russia no longer accepts the dollar? what if it sells its treasury holdings?
what if the eu and usa sanction russia.
notice the miners are out performing everything.
no easy solutions. same old same oil/ng and power and control @ present russia has the only ng pipes to europe
last year one cold winters day. they closed the pipes for a day. mighty creditor germany is totally dependent on ng from russia or whoever else provides ng.
in 79 russia invaded afghanistan
shah of iran was toppled
gold went up on both sets of news
the thing w/ war markets is peace breaks out and the war traders exit.
the syria issue was the last case that came to mind.
putin checkmated kerry
dharma
#60
Lee48
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Posted 13 March 2014 - 06:51 PM
You and Senor may be right.Silver seems to be acting like the commodity metals etf, DBB (copper and aluminum etc) that is breaking down.
Copper is on the breakdown support line ready for a 30% fall?
http://blog.kimblech...d-fall-30-more/
IMO the silver chart does not at all look like the copper chart
Senor
I agree with that Senor, silver looks more like it has done a double bottom and is headed towards the $30 area, silver (poor man's gold) seems to be roughly in step with gold, which are both behaving like a hedge against government default and maybe WWIII since 2014 is Wheeler's War Cycle as MA has pointed out.
To me it looks like silver is being dragged up by gold, money printing and maybe war. And the other arm, the basic metals is trying to hold silver down per the world economy weakness.
PS, I also have a core holding in both metals.
