70 replies to this topic

[dharma]

well the board died, is it a statement of sentiment. or is it the time of year?
http://gracelandupdates.com/.../20...015jan8cme1.png
sentiment has come in since the lows
HGNSI was unchanged yesterday at -9.4%
MarketVane’s Bullish Consensus was unchanged at 36% today
DSI fell 2 points to 29%.
still negative , but not extreme
so we wait for tomorrows bogus jobs report
i am looking for a very bullish january
shanghai continues to have huge deliveries on a daily basis 14.45 tons delivered yesterday
dharma

[goldfungus]

well the board died, is it a statement of sentiment. or is it the time of year?
http://gracelandupdates.com/.../20...015jan8cme1.png
sentiment has come in since the lows
HGNSI was unchanged yesterday at -9.4%
MarketVane’s Bullish Consensus was unchanged at 36% today
DSI fell 2 points to 29%.
still negative , but not extreme
so we wait for tomorrows bogus jobs report
i am looking for a very bullish january
shanghai continues to have huge deliveries on a daily basis 14.45 tons delivered yesterday
dharma

I've been following Mr. Dev's commentary. For a 'trader' he's the best. If you're a gold 'investor,' like me, then It's more about adding. I think most gold investors are burned out or gone. Good news for gold bulls!

[johngeorge]

dharma "well the board died, is it a statement of sentiment. or is it the time of year?" You did post to "shhhhhhhhhhhh" I do agree with goldfungus "I think most gold investors are burned out or gone." My charts show gold remains on a daily and weekly buy while NUGT remains on a daily buy, but, a weekly sell.

[dharma]

'"We saw consistently strong buying this week," said a trader in Shanghai. "Premiums and volumes are better than what we saw in the last month." The strong purchases are likely to continue until the New Year holiday in February, he said.' - Business Standard News, Jan 9, 2015.
http://gracelandupda...015jan9rup1.png
i still believe there is more work to do, but this should be a very large rally. i am not saying i think there are new lows after the rally although that could happen , but @the least it will be a wave 2. w/india getting more and more freed up the demand will be steady. forget the west. they were yesterday in the gold market. and that will also happen to london/comex
dharma

Edited by dharma, 09 January 2015 - 12:03 PM.

[dougie]

Sometimes I wonder how many real posters were ever here as opposed to sharks But no doubt the bear worked its magic as well

[dougie]

So far we have three waves off nov lows in gdx The third wave is lacking a 5th IMO What happens after that is in shoul tell us a lot IMO Was this all just a corrective move up?

[johngeorge]

http://blog.kimblech...gsolutions.com/

Gold Miners breakout from bullish falling wedge



GDX & GDXJ created bullish falling wedges at falling channel support, which was a nice pattern to see. Two-thirds of a time this pattern leads to rising prices. When the falling wedge takes place at channel support, odds are even higher, that upside price action take place.

I like what I see so far!

[johngeorge]

One more for the hopeful bulls from Jack Chan

http://www.safehaven...st-week-in-gold

[dougie]

taking us to the top of that falling channel would be a HUGE move. Seems just about right: bow the bears up before on last scary plunge to where (maybe NOT new lows in miners.)

http://blog.kimblech...gsolutions.com/

Gold Miners breakout from bullish falling wedge



GDX & GDXJ created bullish falling wedges at falling channel support, which was a nice pattern to see. Two-thirds of a time this pattern leads to rising prices. When the falling wedge takes place at channel support, odds are even higher, that upside price action take place.

I like what I see so far!

[johngeorge]

This morning my charts show gold remains on a daily and weekly buy while NUGT remains on a daily buy and has moved to a weekly buy. Ducks are lining up.