bottoming?
#31
Posted 11 September 2014 - 10:40 AM
http://www.marketora...ticle47291.html
Just wondering.
Also wondering what would happen to the "frackin miracle" (as well as gold) if the House of Saud took oil to $75?
http://www.ft.com/cm...144feabdc0.html
- my guess is no one would invest billions into another frackin miracle (or, maybe gold mining?) for a long long time.
By why would the House do that? I mean its not like frackin is a threat like solar. And who would want to put Putin out of a job?
Just some wonderings.
If the world didn't suck, wouldn't we all just fly off?
#32
Posted 11 September 2014 - 01:31 PM
"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/
#33
Posted 11 September 2014 - 02:59 PM
#34
Posted 11 September 2014 - 03:35 PM
http://stockcharts.c...71489&r=394.png
"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/
#35
Posted 12 September 2014 - 10:17 AM
#36
Posted 12 September 2014 - 10:23 AM
"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/
#37
Posted 12 September 2014 - 12:07 PM
quote name='Russ' date='Sep 11 2014, 03:35 PM' post='704250']
Then there's this little problem of the nugt and dust spread from Joanne Klein's stockcharts page...
http://stockcharts.c...71489&r=394.png
[/quote]
#38
Posted 12 September 2014 - 12:10 PM
Funny how easily i was being mocked for bearishness a month ago.
July 29, 2014 Martin Armstrong - "So far, it still appears that gold could extend this present bear market correction into September 2015 before reversing. That means we may have to see that crack below $1,000 and the majority must shift their beliefs to when there is a rally – they will just say sell it.
As we enter the end of July, the resistance stands at the 1330-1350 area and a closing below 1330 will signal gold is still weak. There are no nearby Monthly Bearish Reversals until we get down to the 1240 level. A closing below 12650 will warn that the upward momentum has been lost."
Just to note that MA said back in July that Sept. 2015 may be the final low for Gold which is the same date I have got for the Platinum chart I posted earlier on this string, he has also been quite correct about the direction of gold since July.
#39
Posted 12 September 2014 - 12:36 PM
That spread indicator; does it mean something more than DUSt going down while NUGT going up?
quote name='Russ' date='Sep 11 2014, 03:35 PM' post='704250']
Then there's this little problem of the nugt and dust spread from Joanne Klein's stockcharts page...
http://stockcharts.c...71489&r=394.png
First it appears that dust has to go up more and nugt down if past patterns are correct then after maybe kissing and they start to spread out from there then that would be a buy for gold and stocks.
Yes you were quite correct about being bearish Dougie, good work. It now appears my dust forecast has been violated too much and eventually the big bull flag on dust is going to break out which would probably mean that gold will break its lows of around 1180 on its way to 1000 or less by next Sept. 2015.
"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/