19 replies to this topic

[dougie]

sad to think that the election of someone as nasty as this is what will provide the bull juice

[dharma]

sad to think that the election of someone as nasty as this is what will provide the bull juice

where do you get that he is nasty? he provided the highest standard of living for gujarat, which still has over 10% gdp growth. i have not heard or read anything nasty about modi?!
http://timesofindia....ow/35662404.cms
dharma

[dharma]

gdxj and slv have hourly divergences. gold/gdx not dharma

[dougie]

i see 10 minute divergences in GDXJ but NOT hourly dharma. my eyes are not so good

[dharma]

this is the seasonal weak time of year http://www.seasonalc...ssics_gold.html in this time frame i am looking for the lows to occur. \
my work is still saying no new lows.
HGNSI fell 6.7 points to -10% yesterday
MarketVane’s Bullish Consensus was unchanged at 43% today
DSI collapsed to 15%, which is its lowest level since 12/13/13
i am not a sentiment expert , but these low reading should produce a low.
no news, that i have found out of india to lift the import restrictions, although gold premiums have moved down
this chart by frank holmes, the crossover , in the past, has led to commodity buying out of china
https://gracelandupd...ay29holmes1.PNG
waiting
dharma

[dharma]

the last time india was off line, was a year ago april, @that time the trap door of the 1500s opened up. everyone over there is waiting to see what they will do w/the 10% tax on gold and the 80/20 rule so taking one of the largest buyers in the world off line has again changed the supply demand equation. also, this is the seasonal weak time of year . diwali buying generally doesnt begin until july
HGNSI was unchanged yesterday at -10%
MarketVane’s Bullish Consensus was unchanged today at 43%
DSI fell 2 points to 13%, which is its lowest level since late December.
sentiment #s are close , if not indicating that a low is @ hand
this is indias apparent strategy http://articles.econ...olicy-paper-fdi
marty came out w/this http://armstrongecon...e-close-of-may/ i read him, i dont follow his advice. he got into trouble w/his trading in the 90s . now he sounds like the authority.
like all selling or buying , this too shall reach exhaustion. the question is will we see new lows or will the double bottom hold?????
i dont have answers, my bent is the lows are in . double bottoms are fairly rare and a good indication. much like 99 and 01 , nobody believed back then and most were looking to go to 104 or something like that. prechter was the guru du jour back then.
dharma

Edited by dharma, 30 May 2014 - 10:44 AM.

[dharma]

this is a glimpse of the future , india and china are going to continue to buy world production
http://www.mineweb.c.../...2&sn=Detail
dharma

[dharma]

miners firming into the close, new highs for the day Gross Large Spec Shorts EXPLODED 35% as of Tuesday's close. so , you see who is pressing the action. they reversed and went short i suspect the commercials are getting long. but , we wont see the full effect until next weeks cot dharma close

[dharma]

cot http://news.goldseek.../1401478360.php
large specs piled on short
dharma

[dharma]

the market is lining up for a rally. i do think there is more decline to go. the cot on friday showed the large specs dramatically adding to their short positions. i am looking to the 10th.
this battery will change everything. @present it has a 300 mile range and recharges 20x faster than the lithium battery. http://www.powerjapa....com/index.html
the implications for savings and reducing deficits is enormous. and of course it will help to clean up the environment
dharma