104 replies to this topic

[dharma]

thanks on pglc i am going to wait on it

i do think we top soon. and then i will look @ things w/different eyes

i like the location of pglc,  thanks for the update jg

so far miners are looking good.  i dont want to get to cute as i am expecting

a good retracement.   for now i am holding

i did cut back the other day these moose pasture deals are disappearing 

dharma

[dharma]

clgrf is being taken out by ssri  thanks for the ride

true gold is also being taken out  i dont own this one

jeff currie in a hurry is out there again calling for his 1100  again. but, this time the bugs are not w/maund cowering in a corner. 

i do think the pennant is real and we are going to 1320s. besed on the ignition from the pattern.    

this market has definitely changed in so many ways. the steady build in the gld holdings is one of em  and i do think this is quite bullish

my concern is w/all the colored fiats out there .. the dollar is still obviously the best of the lot. kuroda/abe are bent on printing more yen and the euro is @ best a basket case, it was poorly designed from the get go. but that is what wave 2s are about, and it will give me a chance to redeploy some capital.  although march is weak seasonally so far march has been kind to gold . 

dharma

mars left scorpio march 6th and yet gold remains bid and firm

[dharma]

what i think about todays action, gold is lightly lower but the miners are getting trounced

since january corrections in the gdx have been one day.  so we need to see what tomorrow 

brings.  gdx maintainin above its 10dma

dharma

[johngeorge]

dharma

 

"gold remains bid and firm" 

 

Yen remaining strong vs the $US.  I am looking to buy RING because of your observation on GDX.  To me it looks close to capitulation.  My explorers taking it on the chin today. OCANF and PGLC down a bit, but, still look promising to me.  Yes, tomorrow could get very interesting.

 

Thanks for the thread.     

[dougie]

NUGT right on hourly support at close.

[dharma]

tuesdays , since early feb have seen the miners trounced.  gdx has held its 10 dma, since we turned up so , i am using that as a guide

i do not see the sentiment #s giving giddy readings. so,i dont think this is the top. sure the market is overbought , but that is normal if in fact the bull has returned.  this morning we backtested  the breakout from the pennant and came right to the apex. these are not bearish signs.  i am sitting tight, but not sitting easily.  i want to sell clgrf  as it is being taken out by ssri  and i will wait to june/july to redeploy or add to my miner position.  

silver has turned up and so have the miners. gold is still down on the day.  uneasy, but holding

dharma

we do have the golden cross, which folks think is a big deal, i havent seen that as a big deal!????

 

here is raymond merrimans forecast for the next few months

Edited by dharma, 09 March 2016 - 12:07 PM.

[dharma]

well the board is soooooooooooooo quiet

i noticed yesterday , that tuesdays have been brutal for the miners. 

and thursdays have been a rocket ride

indian jewelers are in their 8th day of strikes. removing a prominent buyer from the market

i sold clgrf this morning having bought it @.22

dharma

[dougie]

What is next?
I won't rule out a massive spike

[dharma]

dougie i  dont know about a spike but i suspect a move over 1309 . notice how silent it is here. 

everyone is spooked by the commercials

currie in a hurry shouting from gs gold below 1k  after 4yrs of bear  the market participants are spooked

 but look @ the monthly charts of miners . many were/are in down channels  which they just came out of the 

top of the channel.  hadik  and stewart thompson are voices of reason. 

i have been pointing to market signs of  a change for 2 + months now

draghi came out today , and the euro did the opposite of what they wanted

much like kuroda/yen.   gold is quietly moving up .  something has changed

over 1300 and i will sell some things. i am off margin  and in buy mode , but 

i will wait for a pullback . many of the screamers are up 200%+ 

i suspect that it will be subdued until above 1900  shhhhhhhhhhhhh

bulls climb a wall of worry and there is alot to worry about

dharma

[johngeorge]

"i sold clgrf this morning having bought it @.22"

 

WOW! Patience has its payday.  Congratulations!