i also want to point out a trend i see developing in miners
w/the 3+yrs of lower gold prices , miners have been forced to cut costs . of course falling oil prices have been a big boon
newmont came out w/earnings and their results point to success in the is regard . they went from a 751 cost cost for producing gold to 609 cost of producing gold
this trend will be evidenced in all the miners, thus making them profitable even @1200 gold. this will be a boon to the whole sector w/acquisitions becoming a big part of what they do. explorers @this point are being valued for moose pasture
dharma
something new!
Started by
dharma
, Apr 02 2015 11:30 AM
87 replies to this topic
#42
dharma
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Posted 27 April 2015 - 10:30 AM
http://gracelandupda...pr27sp50011.png seasonally we are coming into the weak part of the year, and this cycle chart says time may be up!
the gann guy update http://www.ganngloba...bdc300a43f8210c
lets see if this move has legs . the fed holds the deck
when time is up price will change direction. we are very close in time. my clock is still looking to june. which doesnt mean we go to new lows
dharma
the gann guy update http://www.ganngloba...bdc300a43f8210c
lets see if this move has legs . the fed holds the deck
when time is up price will change direction. we are very close in time. my clock is still looking to june. which doesnt mean we go to new lows
dharma
#43
dharma
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Posted 28 April 2015 - 11:45 AM
tomorrow is the fed and the bradley. so dont smile yet.
apple plans to double the stores it has in china by mid 16.its revenues was 16.8 billion out of china and 12.2 billion out of europe. those nice shiny gold watches w/about 2oz of gold sold out very quickly in china and i expect the demand that apple creates on gold to be felt by the miners el salvador sold 80%of its gold for 200million. wonder who the buyer was? did it ever hit the market? meanwhile russia is selling ustreasuries and buying gold japan down graded to A . how long will greece hold onto its gold=give into the troika not very long
the stronger dollar is being felt in less profits for americas multi nationals
marty said yesterday dont be surprised if the dollar and gold go up together.
negative interest rates =the death of the middle class. that can occur quickly w/electronic money. difficult to imagine folks going for electronic money. of course everyone likes to eat!!!
miners starting to act better and the patterns look more friendly. i am still looking for lows in june. silver also came out of its falling wedge pattern. and according to ted butler, jpm is buying all the silver it can get its tentacles on. the picture is improving, but we are heading into the weak time of year. lets see how gold fares in those head winds.
dharma
w/few miners finding high grade projects pvg is a standout. it 1st came to market @6 a share in 10 and is about @that price today. even w/refinancing etc
here is an interview of quartermaine their ceo 40yrs of experience and former ceo of ssri . he took the company from 2mill to 500mill this is not investment advice ,but it is for information purposes
apple plans to double the stores it has in china by mid 16.its revenues was 16.8 billion out of china and 12.2 billion out of europe. those nice shiny gold watches w/about 2oz of gold sold out very quickly in china and i expect the demand that apple creates on gold to be felt by the miners el salvador sold 80%of its gold for 200million. wonder who the buyer was? did it ever hit the market? meanwhile russia is selling ustreasuries and buying gold japan down graded to A . how long will greece hold onto its gold=give into the troika not very long
the stronger dollar is being felt in less profits for americas multi nationals
marty said yesterday dont be surprised if the dollar and gold go up together.
negative interest rates =the death of the middle class. that can occur quickly w/electronic money. difficult to imagine folks going for electronic money. of course everyone likes to eat!!!
miners starting to act better and the patterns look more friendly. i am still looking for lows in june. silver also came out of its falling wedge pattern. and according to ted butler, jpm is buying all the silver it can get its tentacles on. the picture is improving, but we are heading into the weak time of year. lets see how gold fares in those head winds.
dharma
w/few miners finding high grade projects pvg is a standout. it 1st came to market @6 a share in 10 and is about @that price today. even w/refinancing etc
here is an interview of quartermaine their ceo 40yrs of experience and former ceo of ssri . he took the company from 2mill to 500mill this is not investment advice ,but it is for information purposes
#44
dharma
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Posted 28 April 2015 - 01:43 PM
OOOOPs bradley yesterday, and it was a big up day
gann guy mor probabilities that gold has bottomed
http://www.ganngloba...c45a082d1cb16e8
dharma
gann guy mor probabilities that gold has bottomed
http://www.ganngloba...c45a082d1cb16e8
dharma
#45
tria
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Posted 29 April 2015 - 02:17 AM
I was wrong obviously for the short term and missed the recent rally.
Still 1/3rd short trading position which I may increase today or early next week or stopped out soon.
I do have some May Euro 1.06 calls however to cushion any potential short Gold loss.
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#46
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Posted 29 April 2015 - 10:39 AM
"With decline in oil and commodity prices, the Indian economy is expected to grow by 7.5 percent in 2015-16, 7.9 percent the next fiscal and 8 percent in 2017-18, the World Bank said in its India Development Update report on Tuesday." - India.com News, April 29, 2015.
so we wait on the fed
http://www.mineweb.c...e-silver-hoard/
dharma
so we wait on the fed
http://www.mineweb.c...e-silver-hoard/
dharma
#47
dharma
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Posted 29 April 2015 - 01:31 PM
no surprise , no timetable for rate hikes
the gann guy
http://www.ganngloba...a6169ba3e94152e
dharma
the gann guy
http://www.ganngloba...a6169ba3e94152e
dharma
#48
dharma
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Posted 30 April 2015 - 10:12 AM
jim grant http://video.cnbc.co...rycarousel:1:46
marc faber http://video.cnbc.co...ideo=3000375451
the cycles bottom in june from here to there, the downslope of the cycle is in full swing down here.
waiting to do some buying now , we see what happens. higher lows? lower lows? now we see
may will show the way from the way i see this thing
dharma
one more marc faber http://video.cnbc.co...ideo=3000375149
marc faber http://video.cnbc.co...ideo=3000375451
the cycles bottom in june from here to there, the downslope of the cycle is in full swing down here.
waiting to do some buying now , we see what happens. higher lows? lower lows? now we see
may will show the way from the way i see this thing
dharma
one more marc faber http://video.cnbc.co...ideo=3000375149
#49
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Posted 30 April 2015 - 01:54 PM
http://blogs.barrons...ls-commodities/
silver http://www.zerohedge...st-slv-going-12
dharma
nem breaking out?!
silver http://www.zerohedge...st-slv-going-12
dharma
nem breaking out?!
#50
dharma
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Posted 01 May 2015 - 10:29 AM
so far miners giving less ground then gold
no new lows for the miners while gold makes new lows
every important bottom that i have seen , shows miners
acting better than the metal
not saying we are there yet, because the cycle bottom in june
but so far the action is encouraging
dharma
