98 replies to this topic

[dharma]

i want to start off w/the cot:
today is options expiration
the large specs added 22k longs and closed 22k shorts . the commercials added 52k short. thus taking the opposite side of the bait and then some. the sharks have added shorts so they are expecting a decline
in silver the large specs closed 18k shorts and the commercials added those short.
the 1st 6 months of the year are seasonally weak and we are coming into the seasonal lows http://seasonalchart...ssics_gold.html
the indian market is quiet this time of the year. it is not a mystery. i have been and continue to look for lows this summer. then we see
w/the shanghai exchange and the echange in dubai, over time i expect the physical market to move from london and comex to the east . this will take a little time. which is why 16 will be a better year than 15
we are also in the weak time of year for the stock market, which if a decline occurs will put pressure on the gold market. sell in may and go away. sept/oct tend to be the worst months. and produce bottoms.
now these bear markets have been lengthy and rank among the longest in history. which isnt to say they cannot persist
the gann guy http://www.ganngloba...138ca06ef93587b
well w/the banksters getting their wrists slapped . the authorities realize there is need for better regulation. http://www.dailymail...g-scandals.html its all part of the building loss of confidence and trust.
the ultimate asset is gold .
we are setting up for the lows
dharma

[dougie]

pretty clear 5 waves down from May highs... question is 5 of what? Where did our weave experts around here go?

[stubaby]

pretty clear 5 waves down from May highs...
question is 5 of what?

Where did our weave experts around here go?

1 of 3 of 5 of C Weave count, IMHO

Edited by stubaby, 26 May 2015 - 08:37 PM.

[dougie]

wave 1 was the move down from may highs? you still drawing over at SC?

[dougie]

funny how many of the best miners look decent in here

[Russ]

pretty clear 5 waves down from May highs...
question is 5 of what?

Where did our weave experts around here go?

1 of 3 of 5 of C Weave count, IMHO

Hi Stu, Do you have a price target for that count?

[dharma]

would like to see that myself stu!
imo its just not golds time yet.
its clear to me the leaders in the gold market will be india, china, and dubai. the russian govt continues to buy gold as a hedge.
would love to hear trias take on what is going on inside greece. from everything i read , they should be out of cash by around june5
yesterday, was options expiration and most puts/calls expired worthless =surprise
the banksters are admitting to more and more criminal activity =no surprise there
@ some point the leadership in the gold market will shift from comex and london. to shanghai, dubai, and india. then the bull will be back until then
trading is the name of the game. i think that happens late in 16/early 17 . 15 is a transition. unless of course an event happens.
martys time is 2015.75 not long now. summer is the weak time of year.
the miners look better. but they are so volatile.

dharma
smuggling http://timesofindia....ow/47437207.cms

Edited by dharma, 27 May 2015 - 11:02 AM.

[dharma]

marty keeps talking about all the propaganda for a cashless society. i dont see any signs of that. is he talking about only europe? i hear nothing of this. can someone add something! gold is in apathy here. the season will soon weigh upon it, unless there is an event. the g7 meets to discuss greece. no matter what they say, greece can never pay. one thing marty says is gold is a hedge against government, and i think that is the truth june/july lows . dharma

[johngeorge]

dharma

There is this piece: http://www.zerohedge...emands-cash-ban from Zero Hedge concerning a cashless society in USA. Then there is this piece: http://www.independe...y-10231995.html from Denmark.

[tradesurfer]

dharma

There is this piece: http://www.zerohedge...emands-cash-ban from Zero Hedge concerning a cashless society in USA. Then there is this piece: http://www.independe...y-10231995.html from Denmark.

this cashless society talk seems like total nonsense.... ok maybe it will happen in 30 years ?

geez