58 replies to this topic

[dougie]

Did the lunar cycle invert?

[johngeorge]

From Stewart Thomson Jan 26, 2016: 

Gold Stock Champagne

[dharma]

the chinese new year is feb 8th i have an astro turn the 8-9

i do expect a chinese bid going into the new years. 

silver has broken out of its pennant to the upside

i would like to see another close above 1108 breaking into the next higher price cycle 1123 is next , 1138 , 1153

i have been following the bank stocks.  they have been steadily making new lows. as a guess the banks lent the frackers

lots of moeny , you know to make easy money, @these oil prices frackers cannot make $$$ 

also japan a trade surplus, the 1st one in years. 

dharma

[dharma]

China imported a 3 year high of 111 tons of gold, just from Hong Kong, in December  that is alot of gold in one month ! 

then this out of comex http://www.zerohedge...-ounce-physical    this is relevant , but unnoticed. 

yesterday saw some pent up demand in the miners.  

today is the fed  so the world awaits 2pm ny time

later

dharma

[tria]

When I read that Comex aka. Crimex is running out of fuel, and especially when it may look like Gold is breaking much

higher, I tend to be very cautious. In the recent past similar comments/articles came near trading tops and not bottoms.

 

After all why has the small Gold futures backwardation all but disappeared in the last couple of days ?

 

Hope this time is different !

-tria

Edited by tria, 27 January 2016 - 01:26 PM.

[dharma]

yes, i hear you tria. i just find it interesting . there has been lots of talk over the course of the bear and prices make lower lows and lower highs=def on a downtrend

the fed did nothing, i dont think it was a surprise

a game changer will be shanghai coming on stream in april

that will be a physical market, and the chinese dont take kindly to manipulators

as i said above the chinese new year is feb 8th , i think the market has a bid until then

then we see. the late march/april pd has weakness

a higher low?

or new lows? 

dharma

[dharma]

the rally looks good , the miners have recouped alot of todays losses., so far

a pullback is constructive

so far no banks have stepped forward and said the frackers have not paid or the bank is in trouble

the bank stocks have taken it on the chin and the stocks are in a state of collapse.

there are mountains of debt everywhere, but nothing has come front and center

iran and saudis have religious differences and political differences.  lots of hot areas in the middle east

@ some point the attention will shift! when??? 

being careful.  

dharma

[dharma]

Gold Sentiment:
HGNSI was unchanged yesterday at 20% 
MarketVane’s BC was unchanged at 40%
DSI rose 5 points to 40% and a new high for 2016, which also interestingly snapped the downtrend in sentiment since 2014.

the 200 dma is about 20 higher from here.  

dharma

[dharma]

well japan adopted negative interest rates last night, the yen tanked. why keep money in a bank if it costs you to do so? the expectation is once the yen gets hit against the dollar , gold tanks. well it turned + on the day

well jeff turned + on gold . in the interview he highlights the growth of us government debt since 08 and he mentions that mine supply has dropped

(which happens @ bottoms setting up the next bull leg)

the next target that market participants watch is the 200dma which sits around 1131

dharma

[dharma]

the gann guy , listening now

http://www.ganngloba...1a6b0e364d2c306

 

dharma