76 replies to this topic

[dharma]

india passed a landmark bill http://gracelandupda...015mar13ii1.png
i word on the apple watch https://www.moneymet...-ticking-000680
i am looking @ a potential bottom here. i am still waiting for daily divergences to develop. probably next week. after a drop from 1307 , a 150 dollar decline we are oversold . so i want to see if its a bottom for a trade or a pause to something more. there are hourly divergences on the charts=gdx, gld. the euro is in trouble here. now ,it is more apparent. and the dollar is soaring, going into a parabolic phase. which is keeping gold under pressure. and that coupled w/a stock market top can keep the pressure on gold. ao we wait and see.
dharma

[dharma]

over the next couple of years , i expect shanghai to be the volume leader in gold . http://gracelandupda...5mar16gold4.png
the large specs and commercials have both moderated their positions , in the cot update on another thread. will the commercials finally get long?
this week is the fed, since yellen the meetings have been an opportunity to bash gold.
dharma

[dharma]

we are oversold on the weekly gold charts. however, we can get more oversold. i am a buyer on new lows in the pms. i do think yellen is going to remove the word patience from the fed statement, causing a fall down to 1080 area w/a bottom in march , then a rally to top out in april. w/either the lows in june or a higher low in june. i expect the commercials will be long as a result of the move down. and the large specs will get short. if so , i will try to buy companies that i think are low cost producers. the gold bull will be on the back of rising incomes in the far east. dharma

[dharma]

if we can move above 1168, then the rally kicks off dharma

[dharma]

waiting on the fed. well fed days have not been too kind to gold my hope is that if we make new lows in the metal , the miners hold their previous lows. setting up for a rally, unless we have a total collapse , that appears to be a possibility.
anz the australian bank . has come out w/a call for 2400 gold based on the love trade. which i think will continue to be a factor
rick rule http://kingworldnews...m-to-its-knees/
soros et al are big proponents of this line

Rick Rule: “I think you are right. As I’ve said many times, 'Real money is made by finding a popular belief and betting against it,' just like Paulson did with the U.S. real estate market in 2007
dharma
the love trade
https://www.bullions...in-perspective/












dharma

Edited by dharma, 18 March 2015 - 10:35 AM.

[dharma]

trading , bought
dharma
the dollar , i think is @ a short term top. due to the parabolic
http://investmentres...-is-collapsing/
imf on greece http://www.bloomberg...ful-client-ever

[dharma]

looking around the world , no country can ever pay off its debt. some have the luxury of printing it to worthlessness, while others do not have that option its all a big farce gold sentiment HGNSI unchanged yesterday at -31.3% MarketVane’s Bullish Consensus rose a point today to 32% DSI rose 8 points to 21%. so from a contrarians point of view this is still bullish the dollar index tanked yesterday. it seems most bought the hype of a robust economy in the usa. next i want to see the cot. it now looks like a double bottom on the chart w/volume drying up on the last low. i do see this rally giving way in april. the question is do new lows result?! on my radar was also the fact that the metal was pressing the lows. while the miners were much stronger. this divergence is to be noted @ bottoms. tomorrow begins the new london gold fix. @some point chinese banks will be part of the process but not right away anv is a bank leader that are looking @the far east for gold price discovery and that is the case. it is the demand side on the hourlies we are overbought. dharma

[tria]

No country can ever pay off its debt exept Greece of course Dharma. Syriza's vice president said you gave us air loans so will pay you back with air money. -tria

[tria]

New BRICS bank to change world's financial system

http://english.pravd...7-brics_bank-0/

[dharma]

i found this interesting
tria -http://www.zerohedge.com/news/2015-03-19/after-pillaging-pensions-greece-raids-utilities-repay-troika-bonds-plunge-bank-run-a
dharma