23 replies to this topic

[Russ]

Tria, Given the cycle charts I posted on the other string, it seems there should be some rallying but longer term I am in agreement with Armstrong (see latest... http://www.armstrong.../archives/39399 ) that Gold is going down into the spring of 2016, it should go into the main support area of 1000 or lower... It is the strength of the Dollar that is the main issue, there is a strong inverse correlation between CRB and the Dollar. See third chart.

There does not seem to be any way to resolve the clash between the west and Islam, they think that all other systems and religions are wrong and everyone must comply with Islam and the Koran. I have noted that Armstrong has done his pi cycle on Islam which he sees as peaking in 2021 and war cycles are in full force now too, so we can look forward to much more serious problems as well as the unfolding debt crisis, 2017 is not going to be a good year based on his work... the perfect storm.

http://www.armstrong.../archives/21995
,


Charts from...
http://breakpointtra....php?nl_id=2761

Russ,

Gimme me a couple of days and will happily agree that I am wrong and the alarm is false.
After all and following continous distribution days, Gold has been under accumulation lately.
A new buy signal was triggered on Friday.
It seems the enlightened 'Bilderberg' chosen few, knew in advance what was coming this weekend.
http://www.wwfn.com/crashupdate.html

Wish the GLD gap opening results in an island key reversal day, but I doubt it.
http://stockcharts.c...id=p70633368716

PS
Half a million Syrian Refugees have passed from Turkey to the Greek Aegean islands and then to Athens on their way to greener northern European pastures and mainly to Germany's 'promised land'.
Many are still here and another 500,000 are waiting and preparing to invade our shores.
Last but not least, I am sure you all know who were inadvertently arming ISIS-linked terrorists in Syria & Iraq in the past.

-tria

Gold up almost $12 tonight, political instability is good for gold.

It ain't looking good, not good at all.

Bull blood will probably be spilled over and not just in the PMs arena/pits but in many others as well.
As any torero worth his gleaming coat-of-arms will tell you, the most dangerous bull is a wounded bull.

Gold $1,050-$1,030 - be seeing you....

The $SPX should fall more than Gold, I believe and think.

-tria

Edited by Russ, 16 November 2015 - 01:11 PM.

[tria]

Russ, The reason that I have chosen to disregard Gold's 25-week cyclic low and due about now, is that the last cycle low in June 2015, failed miserably. Extreme to the square left-hand translation. Like a 2016 Republican wishful Presidential Candidate dude says, I don't like failure. Prefer to just observe its influence, if any, for now. There used to be a reliable 9-month low cyclic pattern in the US stock mkt. Stopped working ages ago. There used to be an interesting and money making 75-td ringing cycle lows in the $SPX (as identified by the late Terry Laundry). As soon as a cycle gets much publicity and popularity it becomes obscure. I was wrong calling on Sunday for the $SPX to fall big time this week. The shoking Sunday's events blurred my memory and did not focus in the fact that this is a stk mkt OPEX week and the invisible hand is hard at work. OPEX weeks are almost allways UP! -tria

Edited by tria, 17 November 2015 - 06:26 AM.

[tria]

I have also come to believe that there is an understanding or an unwritten aggreement between the heavy-duty professional stk mkt sellers, to keep quiet in the aftermath of any National or friendly Country's disaster. For example : Katrina, 911, the London bombings in 7/7/2005. -tria

Edited by tria, 17 November 2015 - 07:02 AM.

[dougie]

I have also come to believe that there is an understanding or an unwritten aggreement between the heavy-duty professional stk mkt sellers, to keep quiet in the aftermath of any National or friendly Country's disaster.
For example : Katrina, 911, the London bombings in 7/7/2005.

-tria

PPT is national security. Isn't that a given?

[tria]

I have also come to believe that there is an understanding or an unwritten aggreement between the heavy-duty professional stk mkt sellers, to keep quiet in the aftermath of any National or friendly Country's disaster.
For example : Katrina, 911, the London bombings in 7/7/2005.

-tria

PPT is national security. Isn't that a given?

I did not imply the existence/presence of the PPT buyers to support the mkt during difficult times.
I was suggesting that the big-guns heavy professional short sellers are not supposed to take advatage of extraordinary situations and bring more hardship to the economy and to the poor innocent investors.
Call it something like a gentlemen's agreemen not to use bearishly oriented HFT-programs.

-tria

[tria]

With the weekly so much deep below the green line now, I think I can smell the seaweed on the seabed.
Hope we are not in the Marianas Trench however.

http://stockcharts.c...a...904334&a=39
(click on to enlarge)

-tria

[tria]

Gold & Silver potential wedge formations.
Overthrows of the bottom line are common.
(all charts, observations and annotations by Mike 'Indian', a fellow member in the T-Theory forum.
http://stockcharts.c...a...6&cmd=print
http://stockcharts.c...R...7&cmd=print

Silver is right at long term support!
This fib extension cycle low has the low in March 2016.
Maybe a low around now and a retest in March or in early May as Russ and Armstrong suggest.
http://stockcharts.c...R...1&cmd=print

Silver retracement levels to dream of during Thanksgiving.
http://stockcharts.c...R...6&cmd=print

-tria

[tria]

The O.I. in the GLD options normally runs at about a few hundreds at most for various strikes.The strikes with huge O.I. now are: GLD Dec110 calls = $1,150 Gold – O.I. is 52K - huge GLD Jan 111 calls = $1,160 Gold – O.I. is 40K - huge GLD Jan $100 puts = $1,050 Gold – O.I. is 22K - very big Most likely outcome: Gold trades below $1,150 until the Dec opex Gold trades above $1,050 going into the Dec opex Any move lower than $1,050 now should be short lived. Gold trades below $1,160 until the Jan opex. -tria

Edited by tria, 18 November 2015 - 04:18 AM.

[tria]

Thinking and questioning,

http://stockcharts.c...a...6&cmd=print

Assume Gold is indeed in the final stages of a wedge pattern.
Then the final e-wave of the wedge needs a small move up and then a final wave down to new lows to sub-divide the 'e' into 3 waves.
Wednesday Nov 25th looks interesting to me. I suspect a lot of short covering should be seen just before the Thanksgiving holiday if not earlier, and before the thin volume trading days late next week. Opex on the Dec futures is next Tuesday 11/24.

-tria

[tria]

corrected and supplemented post

Thinking and questioning,

http://stockcharts.c...a...6&cmd=print

Assume Gold is indeed in the final stages of a wedge pattern.
Then the final e-wave of the wedge needs a small move up and then a final wave down to new lows to sub-divide the 'e' into 3 waves.
Wednesday Nov 25th looks interesting to me for a tradeable low.
Fomc meeting minutes tomorrow may result in a short term low at least.
Wednesday Nov 25th looks interesting to me for a tradeable low.
I suspect a lot of short covering should be seen just before the Thanksgiving holiday if not earlier, and before the thin volume trading days late next week.
Opex on the Dec Gold & Silver futures is next Tuesday 11/24.
Fomc meeting minutes tomorrow may result in a short term low at least.

I like Senor's count on the miners that counts the mid October high as wave 1 complete and the action since then an a-b-c, and the 'c' soon to be completed if not allready. Clean patterns in the strongest miners such as the ones below.
ABX needs a slightly lower low, whilst NEM & FNV have fulfilled the minimum requirements.

http://stockcharts.c...id=p47047178660

http://stockcharts.c...id=p87569716285

http://stockcharts.c...id=p68068398544


-tria