104 replies to this topic

[johngeorge]

"notice how silent it is here"

 

dharma

 

You hit the nail on the head again and you have been a beacon of light regarding the changed character of the market.  Lots to worry about, but, my miners still moving higher and my DUST hedge moving lower. I can easily live with the DUST position as it is small.  I was looking to buy, however, sitting on my hands now as I haven't found anything cheap enough to interest me at this stage. And yes, looking for 1300+ gold as well.

[dougie]

I duuno
Could break either way
Odd we are getting so many chances to either get in or get ou

[johngeorge]

dougie

You bring up a great observation regards seemingly too easy to get in and out.  My explanation would be deer in the headlights sort of thing.  Can't bring themselves to act one way or the other.  I don't disagree with your statement that the market could break either way....hence my DUST hedge.  However, my portfolio is weighted to the long side in PM miners.

Edited by johngeorge, 10 March 2016 - 03:03 PM.

[johngeorge]

dougie

 

One other thing I believe favors higher numbers in gold and the miners is the yen remains strong against the $US.

[dharma]

i am looking @ this that wave 4 was the pennant or triangle, todays high could have been a truncated wave 5 , so below todays low(1236) and i will think the top is in for wave 1 . if we continue up, no problem we are still in wave 5 and our targets will be met.  i am where i want to be,  maybe i will sell more depending on tomorrows action. but this is a heads up . this is not the time to get married to gold . unless you have no leverage and the fortitude to ride out wave 2 , if that is what happens.   

dharma

[dharma]

did we in fact hit 1288 last night?

the gld continues to build inventory , which shows real buying

right now i am looking @ the possibility of yesterday being a truncated 5th wave  as an alternate

it still looks to me like above 1309 is the markets calling the miners are holding up well

and now crude oil is starting to look better, still not sure there , even w/the double bottom

miners have been the leaders, which is what i want to see

march 11-14th is merrimans time frame for a reversal, which also has me on alert

dharma

now folks point to silver as the weak sister.  i have never been a fan of silver

80 made a big impression on me. , w/the exchange members being short and changing

the rules , no buying allowed only selling

and no cbs holding silver .  so the specs point to someone else as the greater fool in their theory

dont get me wrong . the next leg up will see silver fly . but, it will not end well , the exit door will not be wide enough

so dont get too greedy, 

any

[dharma]

while folks sit back and point to a top in gold, these #s dont indicate a top to me

 HGNSI rose 6.7 points to 40%.

MarketVane’s bullish consensus rose 2 points to 53%,

DSI rose 6 points to 78%.

this is middling #s at best. 

all the folks who missed the rally  are yelling top and new lows

currie was on cnbs yesterday again calling for sub 1k gold

gold rallied while he spoke

and jeff christian said this of gs 

http://www.kitco.com...-Jeff-Christian

dharma

[dougie]

Sure but first give some fodder to them bears?

[johngeorge]

Pershing Gold PGLC CEO interviewed March 4, 2016 LINK

[dharma]

notice the excitemant and enthusiasm  on the board

high 5ing

the silence is deafening

the shorts are hoping the fed raises  rates next week

i think they stand pat

dharma