Member
Posted 29 January 2016 - 07:09 AM
It shouldn't be all that good for Gold that the JPY is falling today.
Unless this time is different...
BTW Armstrong gives some inetresting parameters in discussing today what he calls "Gold the Bounce".
www.armstrongeconomics.com/archives/42711
(I am having a problem when I try to copy and paste today)
http://www.armstrong.../archives/42711
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
Member
Posted 31 January 2016 - 04:50 PM
tria, thanks for the thread. Jordan Roy-Byrne appears to be in agreement with continued torture for the near term. Then he believes we head lower. LINK:
No Change in Outlook for Gold & Silver
Member
Posted 31 January 2016 - 05:26 PM
Only a slight change in my short term view.
The very recent Gold's high may be tested again or slightly exceeded and then comes a correction.
-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
Member
Posted 02 February 2016 - 03:53 AM
Crusial day for Gold today, imo, as if not all days are. Potential to fall a bit exists.
Will the potential be fully expressed or will it be wasted, remains to be seen.
Off Topic,
Athens in havoc this week, land and sea transport workers, private and public workers, profesional workers ftom
almost all sectors on strike on different days. Farmers with tractors are blocking the highways, border entry and
exit points for 5-days now. Street demonstrations galore. Rather chaotic to say the least. Economic activity is frozen.
Only the weather is really nice (20 Celcius, 68 Fahrenheit) to wellcome the newly arrived Troika back to Athens to
discuss the still unsunstainable pention and the inhuman taxation situation. Reduce further the pention payments,
pay still more taxes, is their directive/agenda....declare an income of 60K and you are left with about 20K! 
Have a pleasant day, 
-tria
.
Edited by tria, 02 February 2016 - 03:59 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
Member
Posted 02 February 2016 - 04:47 AM
Where is the freaking new buying given that OI is still falling and indicating only short covering activities?
Perhaps I am blind ! or this time is different...
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
Member
Posted 02 February 2016 - 02:17 PM
thanks for the updates on greece. very interesting the initial seat of democracy in action. people taking to the streets
notice the gld holdings have broken a short term down trend
dharma
Member
Posted 03 February 2016 - 10:58 AM
Gold and silver moving up this morning as the dollar is down against the yen. My charts show strong resistance for spot silver @ 15.40 and resistance for spot gold @ 1141. I remain long the PM miners.
Member
Posted 04 February 2016 - 01:07 PM
Just back from an Athens street demonstration, first time in my life that I jointed such an event.
Well, my short term caution was unwarranted and wrong !
My small gold futures short hedge was obviously stopped yesterday for a small loss.
The fact that Gold did not fall on Tuesday in any meaningful way as I was expecting it would, was a tell tale.
My big long Gold, Silver, Platinum, Palladium, and GDXJ long dated (2017) calls is intact and not any Eurocurrency
short hedges at this time either.
The fact that apart from Portugal and Greece (obviously) 2-year paper in ALL Eurozone countries was offering
negative yields was another eye-opener.
Finally my 12/27 post that an "all in situation' is here and now and my 12/28 post in the FF board to "Buy Gold 2day be4 its 2 late" looks timely in hindsight. I did get some mild flak in the FF board from some members as being a bit irresponsible to say such a thing in such a way.
-tria
Edited by tria, 04 February 2016 - 01:09 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
Member
Posted 05 February 2016 - 12:55 PM
monday is the chinese new years, i dont know if the market is closed all week in china or only for a day
indian/chinese buying has been supporting this recent uptrend , so if the chinese market is closed next week, that would be a concern for the bulls. my stuff shows, a turn 8-9 . i am looking for a short term pullback and then resumption of the uptrend. slowly, the emperor is losing his clothes. the action is very encouraging.
i remain from missouri "show me" i want to see more proof we have turned. and i dont feel that i will miss anything . 1s are followed by 2s. and there sure are alot of frightened bugs out there
dharma
i read marty daily i love his historical perspective
back in the 90s his short term calls got him into trouble
somehow all records of that have disappeared
