44 replies to this topic

[dharma]

still no clear 5 wave advance
miners bumping up to former lows
the turn is looming , but not present
indian imports of silver jump https://www.bullions...3-tonnes-up-15/
the imf , according to the bank of netherlands is mistaken, no gold was bought by them
the gann guys latest installment http://www.ganngloba...8652c273e4e4222
today all eyes on the fed

dharma

[dharma]

the fed did what was expected--------------nothing looks like C of 4 underway dharma

[dharma]

so far there are 3 distinct waves on the chart. a worrisome sign. i am looking for 2 things if the bull case is to be valid. 1- the obvious , a 5 wave up wave. 2-in gann speak an overbalancing in time and price. by that i mean a longer rally in terms of time then the previous rallies , and a larger price move then we previously have had .so far this rally has stopped short of achieving either of those. to top it off the hourly charts for both gold /silver have h&s top patterns. and of course the commercials greatly increased their short positions. then you have the indian market on hold till feb 28th when many expect a reduction in their 10%tax. now chinese imports seem to only be looked @for what comes into hong kong. keep in mind gold is imported into shanghai , where their exchange for gold is traded. so most gold import figures are not true. the uae is reporting a 25-30 %increase in gold sales for 15. hgnsi plunged 12.5 to 18.8 yesterday. i have a turn tomorrow fwiw dhrma

[dougie]

great analyss dharma

[dharma]

out of davos http://www.zerohedge...arning-signs-If, as Kyle Bass so eloquently noted previously, "buying gold is just buying a put against the idiocy of the political cycle. It's That Simple," then recent (post-QE3) activity suggests the narrative is changing fast...
then this is what i expected:http://www.rediff.com/business/report/pix-india-overtakes-china-as-worlds-top-gold-consumer/20150129.htm the jewelry is 22k
gann financial http://www.ganngloba...8c4d4f270f14780
gold sentiment
HGNSI unchanged yesterday at 18.8%
MarketVane’s Bullish Consensus fell 3 points today to 36%,
DSI fell 12 points to 43%.
hourly charts gld /gdx have divergences.
so this rally is expected. i dont think the lows are in. we hit the 200day ma, so here we are bouncing.
india is pretty much out of the market . the jewelers have petitioned the finance ministry for a lower tariff . the ball is in jaitleys hands . but until then i expect demand to be weak
dharma

[dougie]

one more down day monday ? then we are off to the races for a month? lets see

[dougie]

so far off highs i see abc, abc, now 123 in 4 5 to come

[jabat]

2015 Preview of USD, Gold & Silver
https://www.youtube....t-ts=1422579428

Dharama- please keep up the good work. I read your opinion every day.

Thanks,

[dharma]

thanks shanghai has been having large deliveries 19tons yesterday! this is significant also, open interest came in yesterday=specs are closing positions. dharma

[dharma]

71 tons removed from shanghai this week. this is significant
https://www.bullions...2015-71-tonnes/

india will be on hold , waiting to see what happens , if anything w/the 10% tax
dharma

Edited by dharma, 31 January 2015 - 12:47 PM.