the last 2 summers
#51
Posted 18 June 2014 - 10:01 AM
yet bagdad is coming into focus. , iraq has one of the 5 largest oil reserves in the world
the sector looks good, next week a correction?
china may be on the prowl for more gold http://www.mining.co...-hotline-90514/
here is an explanation of negative rates. http://www.peakprosp...3...131&utm_sou
time is what is needed
dharma
senor stick around your input is appreciated.
#52
Posted 19 June 2014 - 10:05 AM
#53
Posted 19 June 2014 - 10:27 AM
me too; got whip sawed a couple of times but glad i got on nugt & uslv train again before it left stationright now i am enjoying the ride.
dharma
Senor, i like to read your take, pls come back.
Edited by mark_goal, 19 June 2014 - 10:29 AM.
#54
Posted 19 June 2014 - 10:50 AM
I don't recall saying anything about next week being weak. I just quoted a Chinese guy star gazer.the dow is having a good year. yesterday the gdxj was up over 5% , that is more than the dow has gained this year. that on the heels of a fed meeting, which has not been kind to gold/silver/miners. did it become apparent that the fed has no strategy in place should inflation tick up? keep in mind in the last bout of inflation the fed remained behind the curve until near the end when volker finally put the clamps on inflation. is there an inflation fighter in the fed now, w/the unemployment rate entrenched in the doldrums. is economic activity robust ? for all those who were listening did they hear the fed give them confidence on their plans of action in regard to an inflation which could be picking up?
then on the geopolitical front there are fires in several key spots. lets see if we have a strong close . i have resistance 1293-1309 lets see how the market reacts in that zone.
sentiment
The HGNSI was unchanged yesterday at -16.7%.
MarketVane’s Bullish Consensus fell a point today to 48%
DSI rose 4 points to 31%.
these #s are still in the bears court.
if you notice every night gold gets hit in asia. this is the seasonal weak season. and w/the indian budget due to come out the 1st week of july. indian buyers are waiting to see what happens on this 10% tax. so the next couple of weeks will shed light on that situation. then sometime in july start diwali buying. trias idea of next week being weak, concurs w/options expiration. i am prepared for higher prices should they occur. right now i am enjoying the ride.
dharma
What I think about next week I will post in the next couple of trading days, Dharma.
All I said was that I would be buying weakness early this week which I did, and that a rather sharp rally would follow by the middle of the week.
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#55
Posted 19 June 2014 - 01:24 PM
sorry tria, i confused you w/the chinese astrologer. no offense meant. but i do think options expiration can cause a brief spell of weaknessI don't recall saying anything about next week being weak. I just quoted a Chinese guy star gazer.the dow is having a good year. yesterday the gdxj was up over 5% , that is more than the dow has gained this year. that on the heels of a fed meeting, which has not been kind to gold/silver/miners. did it become apparent that the fed has no strategy in place should inflation tick up? keep in mind in the last bout of inflation the fed remained behind the curve until near the end when volker finally put the clamps on inflation. is there an inflation fighter in the fed now, w/the unemployment rate entrenched in the doldrums. is economic activity robust ? for all those who were listening did they hear the fed give them confidence on their plans of action in regard to an inflation which could be picking up?
then on the geopolitical front there are fires in several key spots. lets see if we have a strong close . i have resistance 1293-1309 lets see how the market reacts in that zone.
sentiment
The HGNSI was unchanged yesterday at -16.7%.
MarketVane’s Bullish Consensus fell a point today to 48%
DSI rose 4 points to 31%.
these #s are still in the bears court.
if you notice every night gold gets hit in asia. this is the seasonal weak season. and w/the indian budget due to come out the 1st week of july. indian buyers are waiting to see what happens on this 10% tax. so the next couple of weeks will shed light on that situation. then sometime in july start diwali buying. trias idea of next week being weak, concurs w/options expiration. i am prepared for higher prices should they occur. right now i am enjoying the ride.
dharma
What I think about next week I will post in the next couple of trading days, Dharma.
All I said was that I would be buying weakness early this week which I did, and that a rather sharp rally would follow by the middle of the week.
-tria
http://www.zerohedge...s-its-own-words
dharma
#56
Posted 20 June 2014 - 10:58 AM
#57
Posted 20 June 2014 - 11:28 AM
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#58
Posted 20 June 2014 - 01:26 PM
rickards https://www.youtube....R8lORiQzzDzny5s
we are overbought so some consolidation is in order
watching oil, it tends to move in lockstep w/gold.
dharma
#59
Posted 22 June 2014 - 07:59 PM
#60
Posted 23 June 2014 - 10:53 AM
the gann guy
http://www.ganngloba...c55516c7ef2c7d6
andrew maguire
http://kingworldnews...old_Shorts.html
part 2
http://kingworldnews...ze_In_Gold.html
dharma
Edited by dharma, 23 June 2014 - 11:01 AM.