76 replies to this topic

[tria]

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

Dharma,

About 800 Billions of private money have already flew to greener pastures.

What zerohedge says is about right.

-tria

[tria]

April 18th, very critical for a Greek repayment obligation. NO MONEY as of now to meet this obligation. -tria

[dharma]

yes, money or restructuring w/a new deadline will appear. sooner or later greece will have to fly in a different flock. they can never repay the debt.
for that matter neither can anyone else.
the currency wars continue. the buck gets knocked down on the fed announcement. only to rally and gain most of it back the next day. currency wars continue. w/money on the move. to many the fate of euro seems sealed. the conditions are similar to what they were in 27 . @that time hitler was on the rise. and money fled europe to the us. the fed tried to stem the tide. but money came to the us and into us stocks causing a massive bubble. i dont think we have 2 years left on the present stock market bubble. it is already stretched thin. when it snaps back , watch out.
yardeni said yesterday all the markets are rigged. thanks ed we needed that! then we had this from paul tudor jones http://gracelandupda...mar20tudor1.png well none of those are on any of our bucket lists. especially war
as for gold , options expiration for april is march 26, keeping the price pinned here would not surprise me. the premiums on both puts/calls will go into the banksters pockets. Barclays bank came out and joined anz yesterday, proclaiming that by 2020 china will be consuming 1/2 the worlds gold output. throw india into the mix and you have a roaring bull market. @ this point india is more corrupt. w/its 10% tax it gives the indian mafia lots of wiggle room to operate. @some point the countries millions of jewellers will force jaitley to repeal a good portion of this tax. i expect the gold bull to be born on the back of growing demand from the far east. it is embedded in their cultures and religion to buy and hoard gold. they have seen all kinds of financial turmoil.( india has passed 2 bills this week to help alleviate the situation). not like here , where the currency was backed by gold until 1971 . since that time the dollars purchasing power was gone down the tube. i bought my 1st car in 1967 a brand spanking new pontiac le mans fully loaded $3600!
hard to say how long and and how far this rally goes. for now just riding
dharma
http://gracelandupda...r20hsbcusd2.png

Edited by dharma, 20 March 2015 - 10:59 AM.

[tria]

Dharma, After today's news I think any GREXIT talk is postoponed for quite a long time. Hope I read the situation correctly and this was my opinion from the beginning of the GREXIT talk. Geopolitical decision, not economic one. Europe and the US prefer Greece to be their eastern frontier. They have spent so much time on this issue anyway, so that any failure for an agreement would look very bad for all in Brussels, in Berlin, and in Athens. Nat Gas pipelines will pass from Cyprus and Greece to Italy and the rest of Europe in a few years. -tria

[dharma]

stockman on cavuto!
gold sentiment as of thursday
hgnsi -12.5%
MarketVane’s Bullish Consensus rose 2 points to 36% on Friday
DSI rose 5 points to just 33%...
what i see is folks feel this is another bounce in a bear market. well it very well could be, but @some point as in 01 the market keeps rising and a bull is born.
my question is , has the parabolic rise in the buck ended? obviously the rise in the dollar effects exporters making american goods less desirable. that is what currency wars are all about. @some point the dollar will be talked down my premise is the fed is stuck in hotel california. w/o them in the market in some way, the
economy sinks on its own weight. even w/all the qe , we have not experienced a robust economy, more like plodding along. i suspect the fed will put off raising rates for as long as it can. andif it raises i doubt we see a series of rate hikes, which in the past was normal. i am trading in here. taking profits along side of the commercials.
dharma

[dharma]

26th is options expiration
the seasonal chart shows weakness into the 1st week of april
i think gold stocks will experience an attitude change some time
this year
dharma
jim rogers interview on sprott
http://jimtalksmarkets.blogspot.com/

Edited by dharma, 24 March 2015 - 10:13 AM.

[dharma]

in andalusa spain the podemos party won 15 seats =anti austerity party
koos jansen estimates that india will import 150tons of gold this month. keep in mind w/10% tax the black market is alive and well
https://www.bullions...oding-in-march/
mike maloney on the day the internet died https://www.youtube....VaG4ZPA3p6EXZbQ
costa rica running completely on renewable energy
http://qz.com/367985...newable-energy/
gold pushing into 1198 resistance . i am looking for the rally to gain some steam in april, top out in april then decline into june lows. the question is will it be new lows? it all depends on how high the rally goes
dharma

[dharma]

dead as a door nail around the gold area. gold is up 70 from the recent lows. the last cot showed the commercials buying 30k contracts and the large specs going short. now we have saudi arabia trying to get yemen back in its fold. i look for the strength in gold to continue till mid april. its worrisome to see the miners not participating. if you are looking for clues there is a glaring one. in addition you have the parabolic in the dollar giving way and the broad market which has made a gigantic top starting to buckle. martys stratospheric call looks like wishful thinking. the seasonals still show weakness into june for the gold market as does my work. i dont know if new lows will be seen or not. it depends upon how high this rally goes. its not a time to get long, but a time to scale back. above 1229 and we break into the next price cycle.
it seems including black market , india will import 200tons this month. their economy is very strong http://www.reuters.c...deoId=363608173 and their appetite for gold will remain a constant.
china is also a player. http://www.reuters.c...N0WS23H20150326 so w/this call 2200tons could be bought by china, that is big demand on the miners.
the future is bright for gold. mars enters into the gold market chart starting in august. i look for mounting tensions from august over the next several months.
dharma

[dharma]

yesterday was options expiration . gold rallied to 1219 , then settled where the puts/calls would be worthless someone pocketed both premiums @the lower prices india was a strong buyer this month. it seems including the black market , they will purchase around 200 tons of gold this month demand is there i dont think the rally is over. although a pause after 70+ of up move is not out of the question. sometime mid month -april- this rally will complete dharma

[johngeorge]

dharma

"so w/this call 2200tons could be bought by china, that is big demand on the miners."

Speaking of demand on the miners there is this from Goldman Sachs: Peak Gold? Goldman Calculates There Is Only 20 Years Of Gold Supply Left

Thanks so much for the thread.

Best to you.