115 replies to this topic

[senorBS]

so far so good, 1-8 hr oscillators incredibly compressed/oversold and coiled like a massive spring, and I like the short term bounce off 1285 with very good leading action by the miners, huge session again today, nice start, lets see how it develops, sustained gold decline below 1280-1285 is not good at all Senor

[senorBS]

I don't put much weight on 1-minute charts but it loos like a nice impulsive 5 up from 1285 to 1296, quick little pullback to 1291-1292 and go again? we see Senor

[dharma]

seasonally this is/was the time for the low
there are several drivers for inflation. all of them are present in todays world. in the 30s folks didnt trust banks , so they took their cash and kept it @home. today, w/qe the banksters were given alot of cash. they are not lending it out. https://gracelandupd...2014mar28m2.PNG this is a big driver of inflation and as plain as day on this chart. velocity of money continues to contract. =no to little significant inflation. as marty contually points out , the biz cycle is due to top 2015.75. what that means is biz should pick up between now and then we should see signs of an improving conditions for biz. if that is the case, then inflation should start to pick up going into the cycle top.
monday is another expiration. again the holders of which long/short will not make money. so , i dont look for anything to happen until expiration monday afternoon.
lots of opportunities @the trough.
its not a sprint. unless of course you are trading.
dharma
looking for another 5 up

[dougie]

imo too precise that bottom on $HUI at fib retracements. boys are painting the tape

[dougie]

so far we have 3 waves off the lows is all

[dharma]

imo too precise that bottom on $HUI at fib retracements. boys are painting the tape

always.
dharma
final lows a week or 2 away? unless we show some unexpected strength

[dougie]

TK has an interesting chart

[dharma]

i know its early to point this out. but something i keep in mind is the 21-22 month cycle for gold . since the inception of the bull it has worked precisely very well. all of the 21-22 month cycles have been highs , except for the last. one. it doesnt come in until 15, but when its time comes, it will be a dominant force in the market dharma

[wxman]

Here is my chart showing the 21 month cycle:
http://stockcharts.com/h-sc/ui?s=$GOL...5&cmd=print

i know its early to point this out. but something i keep in mind is the 21-22 month cycle for gold . since the inception of the bull it has worked precisely very well. all of the 21-22 month cycles have been highs , except for the last. one. it doesnt come in until 15, but when its time comes, it will be a dominant force in the market
dharma

[Russ]

Nice doji on the 5 hour gold chart.... this may be it!

http://www.investing...streaming-chart