Still not crystal clear but better than before
#1
Posted 22 November 2015 - 06:46 PM
It is not that Gold is overall weak, on the contrary it is not.
http://stockcharts.c...id=p99620065139
http://stockcharts.c...id=p30135005339
http://stockcharts.c...id=p35323844726
It is the Eurozone's economic decay and Brussels bureaucracy thay make the Euro look fundamentally weak.
Still the potential for a small rebound exists.
http://stockcharts.c...id=p11602355549
I will just close 1/2 of my Euro short hedge position against the long PMs today.
Untill things clear up a bit more I'll do nothing else.
-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
#2
Posted 22 November 2015 - 07:36 PM
We are near the end of the dirty tricks campaign probably.
Edited by tria, 22 November 2015 - 07:44 PM.
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
#3
Posted 22 November 2015 - 09:05 PM
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
#4
Posted 23 November 2015 - 05:58 AM
http://www.safehaven...ets-in-collapse
I noticed the same in the nearby futures premiums, ie. they are in small backwardation again.
GLD & GDX options O.I. expiring 11/27 suggest any Gold drop of more than $10.00 should be short lived till then.
The Anti-Gold Bugs have started name dropping.
The Gold Bugs are now being called "jihadists", "out of their mind", "obsessive", "insane", "twisters", "lunatics".
Next time we may hear that Interpol international arrest warrants have been issued for them.
It is dangerous to be a Gold-Bug nowdays...intersting juncture.
http://www.armstrong.../archives/39351
-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
#5
Posted 24 November 2015 - 10:22 AM
The pattern in November could be a triangle (one needs some inagination) with bullish implications or a flag with bearish implications. I think its the former.
We'll see, as they say.
http://stockcharts.c...id=p79671225914
-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
#6
Posted 25 November 2015 - 08:00 AM
I would have been wildly bullish for Gold if not for the Euro's technical and fundamental weakness.
Perhaps the only way for the POG in USD to break loose of the weak Euro chain is for Turkey to do again a stupid mistake and to shoot down another Russian plane. A chain reaction would then probably start.
Why Turkey did not scrumble the Russian warplane, like Greece does when Turkey's planes enter our airspace, I do not know. After all both Russia and Turkey are supposedly fighting a commom enemy/nemesis, ISIS.
M. Armstrong has an explanation, but its only a hypothesis/theory.
I have another explanation. Russia is helping the Kurds in Syria as well, but the Kurds are Turkey's enemy.
Most of the illegal ISIS crude oil sales go to or through Turkey BTW.
A more complex, conflicting interests at play, geopolitical situation than the one in Syria, one can not find.
http://www.armstrong.../archives/39792
http://sputniknews.c...-warplanes.html
http://www.ibtimes.c...-market-2198214
A very happy Thanksgiving Day to all US members.
-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
#7
Posted 25 November 2015 - 10:02 AM
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
#8
Posted 25 November 2015 - 11:37 AM
http://stockcharts.c...p...34306&r=954
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
#9
Posted 25 November 2015 - 11:53 AM
johngeorge
#10
Posted 25 November 2015 - 01:38 PM
Edited by tria, 25 November 2015 - 01:46 PM.
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