19 replies to this topic

[dharma]

lullaby and good night sentiment HGNSI was unchanged again at -16.7% MarketVane’s Bullish Consensus fell a point to 47% today DSI @ 28%. modi takes office on the 26th 15 skyscrappers are being built in mumbai. when i lived in india having electricity for a 24 hour span was not the norm. climbing stairs in skyscrapper will not be fun! the pennant is stretched almost to the point=no power no matter which way it breaks to me the market is a coiled spring. yellen speaks today, the gold market is warning us of that. hadik is expecting a big upward move, i say ok maybe so but not until june 8th @the earliest. june could be a pivotal month. i am doing nothing . except eating blueberries. lots of pieces of the puzzle are forming. but as of now the market is trapped. i dont see the signs of economic boom that the economists are talking about. the expression is sell in may and go away. the broad market looks tenuous. commodities directionless. we will find out about plantings soon. when i go to the store, food prices are higher. dharma by the way, higher rates, should they occur , are bullish for gold. its an admission by the fed that inflation is higher. take a look @76 -80 . volker raised rates to the sky and gold went that way too. it wasnt higher rates that killed the gold market . it was the boys changing the rules, ie no buying silver contracts allowed , only selling of contracts.

Edited by dharma, 21 May 2014 - 10:00 AM.

[dharma]

http://in.reuters.co...N0O735A20140521
i saw charts of 2 leading indian gold jewelers. one has gone vertical the other is breaking out of a base
this is another nail in dollar hegemony
http://america.aljaz...a-bankdeal.html
if our house was only in order!
dharma
oil has some mojo today

[jabat]

Charles Nanner on Gold & Dollar
http://usawatchdog.com/

[dharma]

Charles Nanner on Gold & Dollar
http://usawatchdog.com/

now , i dont know if this guy is doing this or not. but , in this biz its amazing to me how many guys called the top in the 1900s in gold. how many guys called the crash in 87 to the day. etc etc. i take that w/a grain of salt.
but, thanks for posting that it was an interesting interview.
dharma
by the way an old expression , never short a dull market

Edited by dharma, 21 May 2014 - 02:26 PM.

[dharma]

the restriction on gold will be removed over time , and maybe not much time
http://www.thehindu....icle6033942.ece
the truth of the matter is the far east is the demand side of the equation. what the fed does or says is not a factor to them or @ least not much of a factor . during the 08 crash however, buying dried up world wide. so , there are events which effect the east
nice pop, we need to start making higher highs. right now , we are still range bound
dharma
marty
http://armstrongecon...ll-may-21-2014/

Edited by dharma, 22 May 2014 - 10:17 AM.

[dharma]

by the way i listen and read marty , but w/a grain of salt i do my own work dharma

Edited by dharma, 22 May 2014 - 10:20 AM.

[dharma]

more strategy http://www.zerohedge...wer-plants-iran
as the #! buyer of gold in the world india bears close watching. when the banksters raised taxes to 10% then instituted the 80/20 rule gold fell through the trap door @1500s now w/modi @the helm that is going to be revoked
and maybe very soon. he officially takes office monday. http://www.bloomberg...some-curbs.html
dharma

[dharma]

june 5th the ecb meets and gives their pronouncement
tuesday options expiration. i look for the banksters to settle this thing right or near 1300, this way everyone losses but them
there are no drivers either way
i dont see alot of downside., sentiment is in the can , and oscillators are low.
i can see us taking out the last lows and trapping the bears. and there are lots of bears.
modi takes office monday this guy is another bankster http://economictimes...ow/35387295.cms modi has a mandate , if this guy stands in the way, i expect modi will can him
there are alot of drivers out there, patience .
the fine issued to the gold fixers, signals a new day. http://www.zerohedge...sts-sell-orders it all went unnoticed until now
dharma

[dharma]

yesterday was options expiration. the sellers of the call options made sure no call buyers made money, in fact they all lost money. my guess, and its just that the big players , the really big players, the commercials are getting net long. soros has stated that he is buying miners. there is more expiration tomorrow, so, i dont see any let up by the bears. sentiment is even more lopsided and the oscillators are in oversold territory on the daily charts. i dont see new lows, but it is the seasonal weakest time of year, so nothing can be ruled out. modi came out and said he wants to provide solar power to all indian families, if and its a big if , he is able to accomplish even some of that it will be a huge shift for india. they import all their oil. this would shift the trade imbalance, clean the environment, and provide electricity for many indian families that dont have any electricity. not to mention the demand made on silver. right here , right now, i am in my bunker. the 1st date that comes up for me is june 9 this very well could turn out to be a bear trap dharma

[dharma]

modi http://www.silverdoc...y-home-by-2019/
dharma