http://scharts.co/1lHNsGd
another view
the next leg
Started by
dharma
, Jul 28 2014 09:37 AM
71 replies to this topic
#62
dharma
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Posted 08 August 2014 - 02:48 PM
this pullback looks constructive to me. i think the fireworks exert themselves next week. this may start as a geopolitical event or debt event or pressure on the dollar. but, it is going to take shape.
and all of the above will happen @some point. all this w/the biz cycle in its final topping phase. 2015.75
recognition phase soon
dharma
#63
dharma
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Posted 11 August 2014 - 02:10 PM
miners the strongest aspect of the sector. normally you expect to see silver also taking a leadership role, however the forces of deflation are strong and weighing on the industrial side of silver. when more banks come into question , that is when gold takes a prominent role as well. of course the banks are not on sound footing, but folks are nt looking that way. upon scrutiny of the portugese national bank. it was thought their problem was 50some odd million, turns out the problem was 3x that large. nero wasnt the only one fiddling. then there is china taking over perspective oil/gas properties in the s.china sea, while the rightful owners protest. the world is being reshaped. gold languishes. one day the light goes on. until then cautiousness is warranted above all else be comfortable . august start the seasonal strong time. this is the week the sharks eat the options fools. it goes on month after month, yet they come back to play.
dharma
#64
Russ
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Posted 11 August 2014 - 03:09 PM
The fact that Gold did not go down to the bottom trendline on the last pullback shows the bullish bias and should lead to breaking above the upper trendline soon...
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#65
Russ
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Posted 11 August 2014 - 04:37 PM
Modified Dougie chart which shows bullish divergences in the money flow indicators...
http://stockcharts.c...07792944390.png
http://stockcharts.c...07792944390.png
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#66
tria
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Posted 11 August 2014 - 11:21 PM
Has not gone up to the top trendline after the last rally neither.The fact that Gold did not go down to the bottom trendline on the last pullback shows the bullish bias and should lead to breaking above the upper trendline soon...
Waiting to see which side is penetrated first......
I think both will be, in due time.
-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
#67
Russ
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Posted 11 August 2014 - 11:35 PM
Has not gone up to the top trendline after the last rally neither.The fact that Gold did not go down to the bottom trendline on the last pullback shows the bullish bias and should lead to breaking above the upper trendline soon...
Waiting to see which side is penetrated first......
I think both will be, in due time.
-tria
It will only be one, it either breaks out above or below the wedge.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#68
dharma
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Posted 12 August 2014 - 09:55 AM
nice charts. today some bankster econs came out on a buy of abx w/25 target.
interesting they like the miners. after being beaten to moose pasture, what is not to like
i am sad today, i really appreciated robin williams, the world lost a brilliant man today. rip.
india opened its first gold refinery http://www.mmtcpamp.com/. this is a big step and 6 more are planned. they will be buying from your miners directly and refining it themselves. while the 10% tax remains in place and the 80/20rule is still in effect . the govt has allowed more banks to import gold, thus cutting the enormous premiums that were being charged by the bansters. which has the effect as cutting the taxes. buying season begins
next week .
i like the slow quiet stealth action of gold , flying beneath the radar. there is potential that i see for this to have legs and last into march. but one step @ a time
when gold topped in 11 so did the yen, which appears to be carving out a bottom.
above 1358 is the game changer.
dharma
here is a report on growth in china. for years now, so many have been calling for chinas demise, and yet it keeps growing @a very fast clip
http://www.graceland...aug12china1.pdf some nice charts too
interesting they like the miners. after being beaten to moose pasture, what is not to like
i am sad today, i really appreciated robin williams, the world lost a brilliant man today. rip.
india opened its first gold refinery http://www.mmtcpamp.com/. this is a big step and 6 more are planned. they will be buying from your miners directly and refining it themselves. while the 10% tax remains in place and the 80/20rule is still in effect . the govt has allowed more banks to import gold, thus cutting the enormous premiums that were being charged by the bansters. which has the effect as cutting the taxes. buying season begins
next week .
i like the slow quiet stealth action of gold , flying beneath the radar. there is potential that i see for this to have legs and last into march. but one step @ a time
when gold topped in 11 so did the yen, which appears to be carving out a bottom.
above 1358 is the game changer.
dharma
here is a report on growth in china. for years now, so many have been calling for chinas demise, and yet it keeps growing @a very fast clip
http://www.graceland...aug12china1.pdf some nice charts too
#69
Russ
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Posted 12 August 2014 - 10:12 AM
I enjoyed some of Robin's work too, I liked Jumanji especially, but Robin had a dark side, he was cheating on his wives and got his maid pregnant then married her as well as his drug abuse, seems money cannot make you happy.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#70
dharma
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Posted 12 August 2014 - 11:09 AM
so true, money doesnt bring happiness. but as a comedian, actor, entertainer he was so talented. and his work w/crystal and goldberg for the homeless is landmarkI enjoyed some of Robin's work too, I liked Jumanji especially, but Robin had a dark side, he was cheating on his wives and got his maid pregnant then married her as well as his drug abuse, seems money cannot make you happy.
dharma
