48 replies to this topic

[dharma]

well natos attention is focused on the ukraine, which in the past has had big problems paying for its energy from russia. now this http://www.zerohedge...s-its-gold-gone not a big surprise to me , to its citizens a big surprise
so,i understand the strategic position of the ukraine, however they cannot pay for their own energy needs, if putin concedes all or part of the ukraine, who is going to finance them?
well the spin on a swiss no vote has become negative for gold . of course if its a no vote , in reality nothing has changed. BUT the spin is negative for gold, such is the present environoment.
by the way rates rise because of inflation. so the feds statement supports rising gold prices down the road. `1200 needs to be taken out, otherwise gold is spinning its wheels here
dharma

[dharma]

climbing the wall of worry! the psychology seems so ripe to me. it is like every other bottom in gold how many bought into the lows? even the bulls are waiting for the next proverbial decline how many capitulations have there been? i lost count? miners are selling for moose pasture. i posted some of the buying by cbs on gannmans thread. so the weak hands sell and even england buys a modest amount. keep in mind they emptied the vaults @the lows in 2k and the guy responsible was voted pm now they too are buying. i have never thought there would be hyperinflation. STAGFLATION is more like it . back to the future the 70s as marty points out gold is protection against govt and that is where we are in the cycle. we are @or near the end of this biz cycle. i do expect to see inflation pick up a bit. and money velocity to finally show signs of life qe gave the banksters trillions of dollars which they have been reluctant to lend out. that will change. meanwhile they keep putting pressure on raj to revert back to13 and have only the few banksters import gold. they gave him a deadline, which has now past, he remains silent. over 200tons officially and unofficially imported to india for october. if that keeps up , then the physical supply will be pressed. slowly, quietly, we are entering the next phase of the bull. waiting and waiting japan will fuel inflation kuroda and abe are bent on it dharma

[dharma]

oh yeah and gofo is negative out to 6 months so demand is there my question is how much is in anticipation of the swiss vote? dharma

[goldfungus]

oh yeah and gofo is negative out to 6 months so demand is there
my question is how much is in anticipation of the swiss vote?
dharma

I don't think anyone believes the referendum is going to pass.

[dharma]

oh yeah and gofo is negative out to 6 months so demand is there
my question is how much is in anticipation of the swiss vote?
dharma

I don't think anyone believes the referendum is going to pass.

http://kingworldnews...sed_Debate.html
dharma

[Russ]

Some targets if this is more than dead cat
http://scharts.co/1y92tYq

Still think that after a sizable bounce we have more more wave down. A 5th wave.
5 of C with everything since 2008 being ABC

Looks like gold and gold stocks should start to head down again, this will determine if a more sustainable rally can take hold or if as Avi Gilburt thinks gld heads for at least 100 going into year end and maybe into 1st Q. 2015. I still think the final low comes next summer as Armstrong and Hadik think. Note the double top on GDX....


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http://bigcharts.mar...&mocktick=1.png

http://bigcharts.mar...&mocktick=1.png

[AChartist]

I think i have pretty good parameters to put on my March hedge on Dec 10 up, or through the 112.66 basis GLD stop. If it's up the short term cycles are working and could hold it a couple more weeks, the hedge can be delayed a week or two more after Dec 10.

[dharma]

dont look for much today. its options expiration the banksters payday. so right around 1200 lots of options expire worthless. just more games. i still have the 21-22 month cycle completing in march. it could very well be an inflection point. right here its a tough call. i do see the possibility for a pullback to just below 1180 but overall the psychology is ripe for the market to have bottomed and work higher not highly confident , but that is what i see dharma alot of martys record in the 90s has been magically erased. but like everyone else he has his times of being a genius my attention is on india, which imported over 200tons in october the finance minister is trying to pressure raj, the cb to only allow the old cartel to import gold, which is the indian version of the banksters modi is staying out of the issue. and so far raj is alive and holding jaitley @bay which is good news for gold

Edited by dharma, 24 November 2014 - 10:10 AM.

[dharma]

oh and by the way, the saying has always been gold pays no interest. well in india the scheme is to pay gold holders , if they deposit their gold, they will be paid 12% interest that is throught titan gold stores which currently has 166 stores and plans are laid for another 14 stores dharma

Edited by dharma, 24 November 2014 - 10:22 AM.