104 replies to this topic

[dharma]

the indian jewelers strike has officially ended. they have not bought waiting for the budget and since the budget came out.  they will need to buy. and india is a very large buyer

generally speaking gold tops into the full moon, which is wednesday (also and eclipse and solstice)

judging by past 1st waves , so far the gains in gdx(miners are the leaders) is smaller than past 1st wave kickoffs.  gold has retraced .236 to 1260 looking @ the top of 1924 and the low of 1045. seems the popular stance is correction now. which could very well be what happens , but it may not be to the extent to entice those folks back in the market?! march is not seasonally a bullish month http://seasonalchart...ssics_gold.html

wave 1s are normally quite the kickoff, this one is but subpar so far . 

so, i have funds to deploy, but , i am waiting , hoping for a better opportunity

dharma

[dougie]

Do you know typical %gains wave 1s?

[jabat]

Eric Hadik interview March 16

http://talkdigitalnetwork.com/

[dharma]

thanks jabat

sentiment

 The HGNSI was unchanged at 20%

. MarketVane’s bullish consensus fell 2 points to 50%

DSI fell 7 points to 62%.

these sentiment readings dont strike me as #s you normally see at a top. 

they are middling #s at best . which isnt to say we can not pull back in the short term

but i dont see a major correction occurring here. 

gld holdings jumped 12 tonnes to 819 a bullish sign

trading in the very short term anything can happen but 

i dont see any kind of major pull back here

once indian jewelers commence buying it will help the demand side 

just my 2c

dharma

i am looking to buy and not having any of my favs looking purchasable here.

i am now looking at sspxf which frank giustra bought a millionn shares in feb 

[dharma]

russia added 300,000oz of gold in feb

moe silver being used in solar!!!

dharma

[jabat]

JP Morgan Chase Forecaster  Marko Kolanovic suggesting buy Gold

 

 

http://www.cnbc.com/...not-stocks.html

[dharma]

1260=.236 of 1922 and 1045  it is being well defended

the indian jewelers strike ending is a big deal. 

china has embarked on a very large solar build out . and modi has promised a solar build out for india

chinas project is using alot of silver

i do think we head higher, do we correct 1st , hard to say. 1260 is being very well defended

if we correct i buy

dharma

i am looking @ the april time frame for a bottom.

[dharma]

not much posting happening

the gdx is the lead dog, up and down.  check it out in the bear phase, the gdx made new lows, gold followed.  on the upside we had the gdx  make new highs and the gld is yet to follow. so , i am in the camp gold makes a new high for the move before there is any meaningful correction. my sights are still set above 1309

dharma

[dougie]

some silver jrs have really put on a show; moves of 3-4 baggers seem common

[tria]

some silver jrs have really put on a show; moves of 3-4 baggers seem common

 

An interesting phenomenon which is often observed in the late 'under cover distribution' to the innocent

and unsuspected souls. Hope you have distributed some as well...