143 replies to this topic

[dharma]

if you are looking for the fed, they are trapped in hotel california
0interest rates w/escalating mountains of debt
trapped.
dharma

[dharma]

gann guy webinar from yesterday listening now
http://www.ganngloba...cd74f7363bed19e
sentiment from yesterday
HGNSI rose 13.3 points yesterday to -26.7%
MarketVane’s Bullish Consensus was unchanged at 35% today
DSI rose 7 points to 30%.
the dollar took out its 200dma
the fed punted.............again on interest rates
the economic fantasy crowd had to be shaken by the punt
maybe some light bulbs will go on.
the fed is in a box of their own making .
yen vs the dollar starting to look more and more promising
this market still has to prove itself and if it does there is always wave 2
down. which is where i plan to step in so let this up wave continue to develop
we will see later in the month if the chinese continue their gold buying i like their transparency
raj is toying w/the idea of starting an indian gold buying program. stay tuned.
dharma

[dharma]

dollar low spx low bonds high all 8/24 if the broad market heads lower , so will the dollar will be bullish for gold dharma

[dharma]

cots
http://news.goldseek.../1442604682.php
look really good small specs short for a record 9 weeks
there is aonly one that is 1 instance where i can remember the
commercials long and that was almost 40yrs ago
dharma

[dharma]

i dont know if the final low is in or not but , what i do know is most will not catch it no matter what its why one buys weakness and sells strength and that will be the strategy until the game changes in 1of 3 dharma

[johngeorge]

Thanks dharma

My weekly chart of gold gave a buy signal. The expectation would be for gold to continue its move higher. Will know in the fullness of time. I did initiate a small position in NUGT last Thursday am, prior to the FOMC announcement, and continue to hold it. Mental stop is in place, however, I am looking to add if conditions remain favorable.

[dharma]

marty may not be familiar w/the hotel california. but this weekend he said the fed is trapped/ to the detriment of us all that is the case. @ some point in the future , folks will pick up the red crayon and realize the fed @best causes bubbles and dislocations. confidence in the fed will wane in the period dead ahead. as for marty his date approaches 9/30-10/1 the sovereign debt crises. japan, france, and brazil have been downgraded. that list will grow. i dont know when, but @ some point it will be apparent that deficits do matter and no one can pay their promises. i am not a forecaster, but i am a player in the game. i dont know if gold bottomed or not. but what i do see is it was oversold and sentiment was @or near an extreme. capitulation occurred in the miners. i was a buyer. now we are rallying, if the rally goes to extremes i sell so far hadik is right . we will see if going into october his calls are right in either event my job is to take what the market gives. dharma so far that ending diagonal looks to be correct

[dharma]

the gann guy on ags
http://www.ganngloba...18ce068f25dadc2
listening now
dharma

[dharma]

i have been talking about money velocity, it has fallen off the table. this only reinforces the deflation that we have been experiencing w0%inerest rates banks prefer not to take any risk and not lend out money. that has to change
tomorrow is the bradley
thursday begins 3 weeks of danger from a planetary perspective it is also comex expiration
friday is quadruple witch
the dollar vs yen is in a bearish pennant i think the resolution will be to the downside for the buck
this so far appears to be a pullback , looking for near or @1115
goldman sachs ex draghi rules europe and the aussies just elected a former gs guy
down days on the broad market have much larger volume
the pboc transparency comes out w/their buys if there are any for september in a few days
their bank has issued this paper on their idea for a reserve currency
http://www.graceland...15sep22yao1.pdf
in the last piece i received from hadik he is looking @oct 23
dharma

[tria]

i have been talking about money velocity, it has fallen off the table. this only reinforces the deflation that we have been experiencing w0%inerest rates banks prefer not to take any risk and not lend out money. that has to change
tomorrow is the bradley
thursday begins 3 weeks of danger from a planetary perspective it is also comex expiration
friday is quadruple witch
the dollar vs yen is in a bearish pennant i think the resolution will be to the downside for the buck
this so far appears to be a pullback , looking for near or @1115
goldman sachs ex draghi rules europe and the aussies just elected a former gs guy
down days on the broad market have much larger volume
the pboc transparency comes out w/their buys if there are any for september in a few days
their bank has issued this paper on their idea for a reserve currency
http://www.graceland...15sep22yao1.pdf
in the last piece i received from hadik he is looking @oct 23
dharma

Dharma,

10/23 for a low or a high?

-tria