110 replies to this topic

[dougie]

some support hereabouts from days of yore http://scharts.co/1s8Rxvd

but still doesn't this look like it has all been a wave 4 with us now in 5 down?

[senorBS]

Latest DSI gold/silver sentiment as of today's close: today's reading Gold bulls 5% and silver 6%, 5-day is 7.6/8.4, 10-day is 9.5/8.7 - extreme is the word. Senor

[dougie]

sentiment can stay rotten for longer than me solvent

[senorBS]

Silver in collapse mode, lets see how low she goes and be on alert for capitulation action Senor

[Russ]

sentiment can stay rotten for longer than me solvent

Fighting against huge forces of international capital seeking shelter in the US dollar and blue chips, its a hurricane so normal measures can just be 'blown' away.

[dharma]

commercials are long euro, yen, and many commodities, except of course gold/silver The HGNSI remained unchanged yesterday at -40.6%. MarketVane’s bullish consensus fell 2 points today to 44%, which is its lowest level since June’s 42%. The DSI fell 2 points to just 5%, which was last seen on the December 19th nadir and just 2 points away from the record low of 3% that was hit on three occasions last year. Prior to last year, that 3% had only been seen on two occasions in the 1990s. gann had seasonal turns. which comes in over the weekend. i look for the lows either today or early next week we are @extremes here. i know the bears say this time is different , which is what the bulls say and will say @tops dharma note crude oil is down 15+ over the last little while. russia is a big exporter of oil sanctions take the legs out of crude. put pressure on the enemy. it is economic warfare. the last 2 guys who tried to circumvent the dollar are dead-khadafi and hussein. now their countries are in shambles. well syria is where saudi arabia wanted to have its ng pipe to europe. asad said no. russia backed him. now the rally cry , get isis. well they are in iraq and syria, its not that asad is a sweetheart. he stands in the way of russia having competition selling ng to europe. its just all pieces of the puzzle. china became the #1 gold buyer. they too have been circumventing the dollar. why not sell gold , give them a depreciating asset to boot. the brics are the future , why not take the 2 most influential members and cause economic chaos and see what happens ????? just some thoughts

[dougie]

or maybe the gold bull is simply dead?

[dharma]

no bull market has ever ended w/a whimper. they end w/everyone wanting whatever it is eg tulip bulbs @some astounding prices its human nature oh and by the way gdx still has not taken out its december lows or its higher low in june. and the miners are a leading indicator just my 2c dharma

[dharma]

cots more favorable http://news.goldseek.../1411155164.php
large specs decreased longs and added to shorts
commercials added to longs and lessened short exposure
on the dollar the commercials are very short
silver not much movement for the commercials
large specs did close some longs and added shorts
dharma

[Russ]

Until the commericals short levels get closer to the zero line gold seems unlikely to rally...