71 replies to this topic

[dougie]

DYODD indeed. Sharks all around

[dharma]

its no surprise to me that sharks infest these waters. there is $$$ involved, the smell of which brings in the sharks. my main concern is from august/oct is crash season. if a crash occurs in my brief 36 year experience nothing withstands that sucking sound. the gold charts look great, very constructive. the daily oscillators have come into the buy zone. it looks to me like we are finishing C not quite there, but almost. in time for indians to ramp up their gold buying for diwali. dharma

[dougie]

maybe I shouldn't change my name to PCI (perfect contrary indicator) after all

[dougie]

SLV hit 61.8 Lets see if we can move here...

[dougie]

but that gap at 25 GDX just seems to tempting And once there, will we not frustrate the BULLS just a bit more?

[dougie]

not seeing any positive divergences anywhere

[dougie]

http://scharts.co/1ARYJgM

Doubt it though. aren't they supposed to come after long bull runs?
And volume not supportive
still...

[dharma]

it sure looks to me like the lows are in . we will know for sure , if the last highs get taken out.
but, the sector is acting perky w/the broad market behind the woodshed. i have positioned myself
accordingly. now , lets see what the market brings
dharma
these are the kind of headlines that are in our future
http://www.bloomberg...n-quickens.html
all the while the flow of gold from west to east
looks like portugal is taking action. depositors holding their breath

[senorBS]

it sure looks to me like the lows are in . we will know for sure , if the last highs get taken out.
but, the sector is acting perky w/the broad market behind the woodshed. i have positioned myself
accordingly. now , lets see what the market brings
dharma
these are the kind of headlines that are in our future
http://www.bloomberg...n-quickens.html
all the while the flow of gold from west to east
looks like portugal is taking action. depositors holding their breath

si, perhaps all those "PCI" posts may have pinpointed the final bottom?

Senor

[dharma]

well the pop this am has the earmarks of a 3! i believe folks will short this thing all the way to the highs.
now this caught my attention: look @the discrepancy in the price of corn in 2 countries. normally, this gets arbitraged away. it is the same w/ng in the winter. https://gracelandupd...14aug6corn1.PNG
yes , master strokes by picasso.
now , w/the stock market on the skids, what will the fed opt to do? the stage is being set for stagflation. throw in the geopolitical mess and belligerence world wide and you have a gold bull
and that is no bull
dharma
draghi tomorrow. he wasnt elected but, he is the man