22 replies to this topic

[stubaby]

of course it could happen, but the likelihood if it is in iverse proportion to the very fact that you are suggesting it might.
miners to gold are at all time lows here.

wil look much more tasty at 86
repost:
http://scharts.co/1EsoXs1

Or that "round-trip" at $35 That couldn't happen - could it?

stubaby

Dougie:

I actually like your $86 target as a downside "outlier".

stubaby

[stubaby]

of course it could happen, but the likelihood if it is in iverse proportion to the very fact that you are suggesting it might.
miners to gold are at all time lows here.

wil look much more tasty at 86
repost:
http://scharts.co/1EsoXs1

Or that "round-trip" at $35 That couldn't happen - could it?

stubaby

Dougie:

I actually like your $86 target as a downside "outlier".

http://stockcharts.com/c-sc/sc?s=$HUI&p=D&yr=3&mn=8&dy=0&i=p61059072223&a=374479294&r=1414940032447.png

stubaby

[AChartist]

I bought one ounce coin Friday open and I'll buy one more at what should be a iv-v, or nested iv-v, 4-5 low moves. I am very slowly buying small increments of schiff's gold fund in 401k on low days. So lucky to have dumped it to a $200 tracking position long ago. If this recovers to end of Dec, I have to seriously find the best hedge for about 20 weeks. The dollars turn to go japanese may not be beginning until 2017. I think that is what Armstrong says too. Gold could be dead until then.

[AChartist]

I suppose so, I dont have hui or gdx below the weekly expanding bottom line yet, 90% decline is $63, measure move below the exp bottom is 54. Might as well get use to it. They will want to naked short them to consolidate them all up, like thousands of banks became 5.

[senorBS]

Since almost no one has a "potential" bullish outlook I will provide one after last week's "crash" into Friday's low - GDX down almost 16% last week; GDX: RSI is diverging across the board from hourly to monthly charts "so far" Hourly: the new low late session Friday saw hourly RSI diverge at a very oversold level Daily: diverging vs early Oct low at very oversold level Weekly: diverging vs April and June of 2013 at very oversold level Monthly: also diverging against June 2013 low So we have the "set up" for the "full monty" of divergences. Please keep in mind divergences are only a "potential" bottoming indication if prices soon turn higher, they can be blown out with a continued waterfall decline. Very important action early this week, if we do turn higher and these divergences persist it could indicate one helluva low and IMO there are wave counts that can support this "IF" we start turning higher. Senor

Edited by senorBS, 02 November 2014 - 11:57 AM.

[SemiBizz]

I don't think it's time yet...

from Monday's XAU Forecast:

The knife continued to fall on Friday after the BOJ announcement and bloodied all the hands trying to capture a "buy the dip" opportunity. XAU fell under 64 to a low of 63.63 closed down another 3 pts at 64.88 on ever-increasing volume acceleration on the daily chart... So once again, nimble traders can try to catch the inevitable bounces intraday, but holding overnight is not advised. We do have some further downside targets here that can still be tested down to 54-56, and so far the decline has not slowed down much at all.

[AChartist]

I see a place that SLV could pound on 14.40 in the next month, 2008-09 highs line with 2010 low horizontal converge in one month I wonder if its a nasdaq 2001, banks 2009 operation, 90% down for the miners. a) they dont want them producing and selling to chinese can consolidate them into a few, like 2009 banks and probably get that paid by taxpayers I like the prospects for the physical in the mattress is more important. Perhaps with next high which I hope is late Dec, I will have to keep a short on miners agianst my physical until the stock market peaks Sep '15. When I say stocks peak Sep '15, the best peak with breadth is probably July 4 week.

[tomterrific14]

Since almost no one has a "potential" bullish outlook I will provide one after last week's "crash" into Friday's low - GDX down almost 16% last week;

GDX: RSI is diverging across the board from hourly to monthly charts "so far"

Hourly: the new low late session Friday saw hourly RSI diverge at a very oversold level

Daily: diverging vs early Oct low at very oversold level

Weekly: diverging vs April and June of 2013 at very oversold level

Monthly: also diverging against June 2013 low

So we have the "set up" for the "full monty" of divergences. Please keep in mind divergences are only a "potential" bottoming indication if prices soon turn higher, they can be blown out with a continued waterfall decline. Very important action early this week, if we do turn higher and these divergences persist it could indicate one helluva low and IMO there are wave counts that can support this "IF" we start turning higher.

Senor

As a measure of oversold, all miner indexes are 3 standard deviations below a 20 day SMA, as are most individual stocks.

Another measure of oversold is the % below a 40 day SMA the $HUI:Gold ratio is. Currently equal to the 2008 low of minus 27%

[Russ]

I bought one ounce coin Friday open and I'll buy one more at what should be

a iv-v, or nested iv-v, 4-5 low moves.

I am very slowly buying small increments of schiff's gold fund in 401k on low days.

So lucky to have dumped it to a $200 tracking position long ago.


If this recovers to end of Dec, I have to seriously find the best hedge for about 20 weeks.


The dollars turn to go japanese may not be beginning until 2017. I think that is what Armstrong says too.

Gold could be dead until then.

Armstrong thinks gold will keep going down into Sept. 2015 (to around 900 dollars ideally, unless it gets there this winter then it could go as low as 650) which also implies that the dollar will rally until then, he says it looks like the economy as a whole is going off a cliff after October 2015's pi cycle turn, then gold will fly as confidence is lost and the debt crisis resumes worldwide. My oscillator's are in agreement with a final low for gold next summer and a major peak for the us dollar index.

[dougie]

How do you mean outlier Stu?

of course it could happen, but the likelihood if it is in iverse proportion to the very fact that you are suggesting it might.
miners to gold are at all time lows here.

wil look much more tasty at 86
repost:
http://scharts.co/1EsoXs1

Or that "round-trip" at $35 That couldn't happen - could it?

stubaby

Dougie:

I actually like your $86 target as a downside "outlier".

stubaby