59 replies to this topic

[dharma]

this is a bit of a revelation
http://www.kitco.com...-Jeff-Christian
dharma

[dharma]

i see the future where india and china alone buy more than the miners can supply
http://www.metal.com...old-mine-output
dharma

[dharma]

there is a descending wedge on the gold contract which also forms the right shoulder of an inverse h&s pattern. this is quite bullish. the sector is still lopsidedly bearish from a sentiment pt of view and oversold on the oscillators. not in a giant hurry i wonder how much of the paper gold market is backed by physical, @some point this will come to the fore. here is what happened to the zinc market as a result of the paper trade http://finance.yahoo...-205959682.html
then if you want gs or gbs the vampire squid to explain it to you. then here ya go http://www.zerohedge...ind-will-happen
china did import less in march, they were buying to help the smuggling into india, which stopped buying in front of the election. now, they are waiting to see what is going to happen to the 10% tax and the 80/20 rule . there is pent up demand. the next few weeks should see the situation clarify itself
the gann guy sent this on gold today http://www.ganngloba...8d1efe6d619b402
more gold imports go under the radar http://uk.reuters.co...N0OQ0HP20140611

aau has my interest the stock has been flatlined. i dont own it yet. it is stuck in a small tight range
dharma
coming out of the 09 bottom slw was 21/2 seemed way cheap. those are the kind of situations that exist today. gotta do your homework

[senorBS]

there is a descending wedge on the gold contract which also forms the right shoulder of an inverse h&s pattern. this is quite bullish. the sector is still lopsidedly bearish from a sentiment pt of view and oversold on the oscillators. not in a giant hurry i wonder how much of the paper gold market is backed by physical, @some point this will come to the fore. here is what happened to the zinc market as a result of the paper trade http://finance.yahoo...-205959682.html
then if you want gs or gbs the vampire squid to explain it to you. then here ya go http://www.zerohedge...ind-will-happen
china did import less in march, they were buying to help the smuggling into india, which stopped buying in front of the election. now, they are waiting to see what is going to happen to the 10% tax and the 80/20 rule . there is pent up demand. the next few weeks should see the situation clarify itself
the gann guy sent this on gold today http://www.ganngloba...8d1efe6d619b402
more gold imports go under the radar http://uk.reuters.co...N0OQ0HP20140611

aau has my interest the stock has been flatlined. i dont own it yet. it is stuck in a small tight range
dharma
coming out of the 09 bottom slw was 21/2 seemed way cheap. those are the kind of situations that exist today. gotta do your homework

I have been in miners only, with their leading action SLV and GLD are likely to start playing catch up IMO and I am taking what I consider appropriate action FWIW

Senor

Edited by senorBS, 11 June 2014 - 11:13 AM.

[dharma]

lots of pieces of the puzzle coming together. the charts look constructive. a slow creep for now. later an unexpected blast dharma

[senorBS]

lots of pieces of the puzzle coming together. the charts look constructive.
a slow creep for now. later an unexpected blast
dharma

and a helluva nice miner close after the intraday pullback, bullish action continues

Senor

[dharma]

lots of pieces of the puzzle coming together. the charts look constructive.
a slow creep for now. later an unexpected blast
dharma

and a helluva nice miner close after the intraday pullback, bullish action continues

Senor

back in 78 when i was talking w/sinclair daily, he told me the big money buys the miners 1st , then they step into the metal. today sure looked that way
dharma

[dharma]

after finishing the triangle in crude it has some mojo. in spite of the world wide recession/depression the demand for oil is quite high. (this as an aside is why i think silver is about to lead, it is a key part of solar panels. its time to upgrade the world wide grid. of course once the solar panels are made you dont have repeat customers who need refueling. i look for resistance to solar for that very reason. just imagine a world where a countrys resources dont have to repeatedly buying oil-hmmmm) the patterns on gold project into the low 1500s . yesterday the juniors were up 5%+. the sector is way oversold and out of the hole the 1st leg can be impressive. i have taken a big stake, for me, in the juniors . the majors are @the point in the cycle where they will have to replenish their reserves. when this kicks off is only a guess, but i think its soon. pvg has one of the highest grade resources . the feasibility study comes out this month. it could be one of the next to go. ossiko is gone, its a large low grade mine, but it attracted a couple of suitors. india has been on the shelf for a couple of months now . diwali buying usually begins in july, which is when the budget is due so folks are waiting and hoping something happens to the 10% tax and the 80/20 rule. meanwhile chinese buying has picked up again. eventually those 2 will demand more than the miners produce dharma

Edited by dharma, 12 June 2014 - 09:46 AM.

[dharma]

oil is the grease of the world economy @this point
notice the location of the 5 largest oil fields in the world
http://www.safehaven...tant-oil-fields
china has recently started a strategic oil reserve and is keeping a steady bid under crude.
china has moved into 2nd as far as gold reserves are concerned
http://www.mineweb.c.../...6&sn=Detail
it seems they are bent on increasing their gold reserves
as marty points out the wheeler war cycle turns up in 14 it seems there are hot spots all over the planet
it will be factored into gold
w/the bogus cpi , joe knows inflation is running higher than he is being told. after all joe eats, pays taxes, buy gasoline, etc its no mystery
fund managers also see this , they are tiptoeing into the miners. later it will be a stampede. this next leg should be a doozy
i am done buying for now
dharma

[senorBS]

oil is the grease of the world economy @this point
notice the location of the 5 largest oil fields in the world
http://www.safehaven...tant-oil-fields
china has recently started a strategic oil reserve and is keeping a steady bid under crude.
china has moved into 2nd as far as gold reserves are concerned
http://www.mineweb.c.../...6&sn=Detail
it seems they are bent on increasing their gold reserves
as marty points out the wheeler war cycle turns up in 14 it seems there are hot spots all over the planet
it will be factored into gold
w/the bogus cpi , joe knows inflation is running higher than he is being told. after all joe eats, pays taxes, buy gasoline, etc its no mystery
fund managers also see this , they are tiptoeing into the miners. later it will be a stampede. this next leg should be a doozy
i am done buying for now
dharma

yeppers, my tanks are full and topped off, could be a fun ride

Senor