70 replies to this topic

[dharma]

i have this week as a strong week for gold . i expect the dec highs to be taken out over the next 2 weeks. notice that gold is strong even while the dollar is strong. this week should also mark the return to the downside in the broad market. i think the gold miners are the riskiest but best buy out there. they lead the metal, they have taken out the dec highs, while the metal has not. while the juniors, gdxj, have not taken out the dec highs. last night was another mini raid. the raids are smaller than they were in 13. but just as obvious waiting to see what the shape of the rally is. we could be starting a wave 3 here?! dharma

[dharma]

wave 3 anyone
http://www.octafinan...e-call-options/
dharma

[dougie]

wave 3 or C
I can't see any way to know which it is at this point.

i have this week as a strong week for gold . i expect the dec highs to be taken out over the next 2 weeks. notice that gold is strong even while the dollar is strong. this week should also mark the return to the downside in the broad market. i think the gold miners are the riskiest but best buy out there. they lead the metal, they have taken out the dec highs, while the metal has not. while the juniors, gdxj, have not taken out the dec highs. last night was another mini raid. the raids are smaller than they were in 13. but just as obvious
waiting to see what the shape of the rally is. we could be starting a wave 3 here?!
dharma

[dharma]

the indian wedding season begins soon, which will lend support to prices. also, i see on many fronts, the government being asked to lower the 10% tax. also the chinese new year is coming up , which will also lend to support gold prices. down the road i look for volume on the shanghai to surpass volume on the comes . http://www.graceland...jan13china1.png
dubai the city of gold , will also become a major factor.
on the chart gold has popped out of the pennant , giving a projection to 1350. when reporting by the miners takes place w/these lower oil prices its going to improve producers bottom line. and make miners more attractive. i am of the mind that the age of hydrocarbons is drawing to a close and new sources of energy will take the place of oil. @present the miners are overbought, i look for that to be worked off.
dharma

[dharma]

gg reports http://finance.yahoo...-225000759.html
oil prices are even lower now. although, gg getting hit like a baby seal, it doesnt mask the fact that earnings are going to improve. even w/a stagnant gold price
dharma

[dharma]

we continue to grind higher. 1256 beckons. miners taking a breather. giving the market room my work shows it has more time. "If you sit back and think of a perfect script that God has written for India as Modi comes in, there is no doubt it starts with a fall in crude prices."- Manish Chokhani, Enam, The Economic Times, Jan 14, 2015. india s account deficit is due largely to the price of oil . falling prices will lower their account deficit along w/their inflation rate interest rates are 5.5% . these could be lowered. looking for an overbalancing of price. not buying , but waiting for the mud to clear up. dharma indian wedding season about to begin chinese new year coming up all gold buying seasons

Edited by dharma, 14 January 2015 - 10:40 AM.

[dharma]

note the price will be tied to hong kong. price discovery from the east , not the comex or west
http://www.prnewswir...-300016010.html
dharma
when does the world introduce qe4????????????

[johngeorge]

note the price will be tied to hong kong. price discovery from the east , not the comex or west
http://www.prnewswir...-300016010.html
dharma
when does the world introduce qe4????????????

My first thought is the CB's will wait until the world economy is in such horrible shape, due to CB previous QE's, ZIRP, etc., that the politicians, banksters and wall street gangsters will be clamoring for QE on a global scale. That gives the CB's the excuse they need to go ahead. Then it is money stacked "to the moon" as there simply are not enough helicopters.

[johngeorge]

This morning WTI Oil over $50 and $GOLD battling resistance @ $1255.1. Swiss National Bank drops a bombshell!

[tria]

This morning WTI Oil over $50 and $GOLD battling resistance @ $1255.1. Swiss National Bank drops a bombshell!

What bombshell?

It pays to notice what the Commercials were doing last week and during the last months.

http://snalaska.com/...t/charts/SF.png

-tria