110 replies to this topic

[Russ]

Marty Armstrong has pointed out there is only 4% retail in the stock market quite different than 1929, it is institutional money and money coming from overseas looking for safety that is driving the dollar and dow up. 2016 is when the expected crash will happen, each 8.6 year cycle leading up to 2032 will see a worse crisis than the previous one until the final collapse of the west's socialism starts in late 2032 which is why he says he hopes he is dead by then.

If Scotland votes for independence this thursday then there will be fear of contagion into other countries and that may give gold a boost for awhile but the main trend of capital seeking shelter in the usa should continue going into late 2015, then in 2016 the usa which is currently holding up the whole world's economy, will run into serious problems and gold should resume up. That is what PiMan thinks.

he is just another newsletter writer who came out of the blue.

supposedly uses Gann method.

But what is most astonishing is that he keeps repeating himself about how a spike to 2000 dollars will occur BEFORE the end of 2014.

The only way I can see that happening is if the broad market continues to sell off since the September 3rd, 2014 turn date (which is so far mirroring 1929) and then declines into a 50% decline into October 31st, just as occurred in 1929.

If that occurs then I can see gold doing a moon shot by October 31st into 2000 an ounce. Otherwise it just seems like a pipe dream.


https://docs.google....OXpj/edit?pli=1

[dharma]

ahhhh if marty was always correct! public participation these days is through funds, its a more sophisticated way to lose money. have the pro lose it for you 2 major events over the next 2 days. could bring in some volatility. in spite of the large qe program, velocity of money fell through the trap door. maybe having less $$$ around will spur some borrowing. of course the banks have to be willing to lend then there is scotland. they could open up the exit door for some basket cases in the euro zone. then in november there is the suisse vote. will they go back to being swiss and opt for hard money???? dharma

Edited by dharma, 16 September 2014 - 02:41 PM.

[dharma]

no waves before the fed. i dont expect any change from yellen. the taper will continue! less money around could bring increased velocity
as for gold, it hit 1242 resistance yesterday and backed off. daily oscillators are still oversold. if this resistance does not get taken out on a closing basis then old yellow is in trouble. i do expect 1242 to fall. we will see. miners are firm. i believe the base building will continue until a catalyst appears. all the while gold is in the cost of production zone. the majors continue to produce their highest grade mines. =down the road the takeover feeding frenzy will take place. @past bottoms in gold sentiment reached extremes , as it is now. we will see what we have here.
in 08 raj was the only central banker calling for a crash. here are his thoughts now http://www.graceland...2014sep17r2.pdf
dharma

[dharma]

here are some charts of the feds balance sheets https://www.google.c...r...280&bih=681
note the angle of ascent
fed meeting
what a surprise.
dharma

[senorBS]

SLV "FINALLY" took out the June low of last yr (17.74) with today's late session swoon, hitting a low of 17.74, gold made a new decline low as well but remains above the 1180 of last year. Key question remains whether these are ending patterns or we go a LOT lower. Being patient Senor

[dougie]

lot lower seems to have been the smart call for SOME time now

[Russ]

Daily gold chart has a spike doji bar, maybe some rally now driven by a possible Yes vote in Sco'land?

[stubaby]

FWIW - I have CRITICAL support for gold at 1,200-1,204 on a closing basis - HUI approaching CRITICAL 210 level as well - some charts later tonight - but a "bounce" here to be expected OR "breakdown" and run lower - I AM IN A NEUTRAL (CASH) position waiting for direction! stubaby

[dharma]

sentiment continues to erode contra indicators screaming from the roof tops bottoming patterns exhibited in commodities gann said the seasonal changes marked changes in trend! solstice this weekend got stopped out of faz yesterday. for a small loss. sitting and waiting for some sign of life in gold commercials are long euro, yen, all the grains and beans dharma the correction from 11 seems to be ending. but this sideways pattern may continue waiting and waiting shanghai opened its gold exchange last night 800oz contract. dubai has also either opened an exchange or is in the process so is india. the center for gold trading will shift from ny and london

[dougie]

some weeks ago i asked a simple question about stochs crossing down on weekly miners ... was everyone assuming it was DIFFERENT this time?