44 replies to this topic

[dharma]

nouriel houdini, opps roubini http://www.cnbc.com/id/102387594 of course qe isnt working. doesnt mean they will not try some version again after deflation comes inflation . i am saying or indicating hyperinflation. the latter is a very very rare event. and i dont know that it has ever occurred in a prominent currency. notice when marty talks on the subject , he doesnt talk about inflation , he goes to hyperinflation, which to some degree, since it never has occurred in a major currency insures that he will be right
from the get go i have thought that we have stagflation. the demographics of the old age economy is not to spend , but to save. 0interest rates have put a damper on that.
anyway , i look for volatility this week. sound and fury. and then i look for one more high to finish a 5 wave advance. the gold market is slowly changing character
and for the miners w/oil having crashed , their bottom line will improve.
the dollar rupee chart. raj has bought and has a large reserve of dollars, thus keeping the price steady http://gracelandupda...015feb5rup1.png
dharma
dollar on monthly overbought. weekly overbought and diverging. this is a rally in an overall bear market @this point

[dharma]

tomorrow is the full moon. gold usually tops @the full moon and bottoms on the new moon. will this time be different? dharma

[johngeorge]

My thought is that it's topping. Will see.

tomorrow is the full moon. gold usually tops @the full moon and bottoms on the new moon. will this time be different?
dharma

[dougie]

yep full moon high seems to be the order of the day

[dharma]

yes, its why i added that reminder yesterday afternoon. i do think the market is setting up for a new rally high. the oscillators need to come down to make that happen. full moon today.
from the shanghai exchange 202 tons have been removed for the 1st 3 weeks of the year. http://lawrieongold....n-just-3-weeks/
then you have the baltic dry goods sinking to 08 crises levels to new 29 year lows. http://www.zerohedge...new-29-year-low the world economy is contracting @ an alarming rate.
the gold market feels different. i want to see that translate to price appreciation. if it cant then the market will get weighty and fall .
the new indian budget comes in feb 28th. lets see if jaitley can be coaxed into lowering the 10% gold tariffs. indians have been holding off purchases in the hope that such an event comes to pass
i look for this week to be down but volatile
dharma

[dougie]

interesting to see the dollar and gold safe havens lifted today on euro bounce

[dougie]

all eyes on 22.60 area
look for volume but i suspect we still trip to the bottom first

http://scharts.co/1KoFmxM

Edited by dougie, 03 February 2015 - 02:00 PM.

[dougie]

this am gap filled now. here is where we know

[dougie]

warning sign:
weekly slow stock cross on GDM rarely fails

http://scharts.co/1cnYuRX

[dharma]

corrections cause confusion. getting down to the 200 day ma yesterday @1255 and holding that is a bullish indicator the sentiment is not heavy one way or the other HGNSI rose 6.2 points to 12.5% yesterday MarketVane’s Bullish Consensus fell 2 points to 37% today DSI fell 7 points to 44%. however , if you throw the cot into the mix , it makes one quite cautious then you Add the fact that the indian buyers are on hold till the budget is announced on the 28th what will propel the market higher. well there are lots of potentialities out there , but not enough to spark me to action i see this week as more of the same the 10th is a turn of some kind dharma

Edited by dharma, 04 February 2015 - 11:34 AM.