49 replies to this topic

[dharma]

shhhhh

this is the best quarter for gold in 30 years!

 

sentiment

The HGNSI was unchanged at 20%

. MarketVane’s bullish consensus   49%,

 DSI fell 5 points to just 51%.

even after the best quarter in 30 years sentiment does not reflect extreme bullishness

my take fwiw , sometime in april we begin a move to take out 1285

dharma

[johngeorge]

"here are some ideas for companies to consider.  rick rule on plays he calls "optionality" 

these plays are interesting prospects

http://sprottglobal....y-march-2-2016/

if you have ideas to share, please do so. 

dharma"

 

An operating mining company using optionality is MUX.  They are sitting on silver and copper.  MUX is 25% owned by the CEO Rob McEwen. In addition he also owns 27% of an exploration company LEXVF.

 

This post is for informational purposes only.  Do your own due diligence.

 

Full disclosure: I own shares of MUX and LEXVF.

[Russ]

Russ my friend,

Pls take into account that the COT you show is as of Tuesday 3/22.

By last Tuesday 3/29 Gold had fallen by about $50,00 and Silver by about $1.00

The drop in OI in the fututes indicates some short covering activity and stop loss selling

by the Commercials and the Hedgies respectively .

I think tomorrow's COT will verify my assumption. The behaviour of the Commercials yesterday,

today and tomorrow is now of the outmost importance but we will only have this info on Friday 4/8.

 

 

Tria, The dollar is really the key thing here obviously, going sideways for the past year, on gold closing that huge gap at 1157 would seem reasonable.

[dharma]

march goes in the books as the biggest gain since 86!

waiting on hadiks dates.  which begin monday

the sge is scheduled to begin april 19 , the price of gold will be in yuan.  which will be a cog in the dollars wheel. it will be fiz market. so the paper traders will not find a home here. the rat infested london and ny exchanges  will take a back seat to the love trade

in india and china both  they have had so many financial upheavals the people are not as easily fooled.  when they have extra money they buy gold 

this from stodgy barrons http://www.barrons.c...ally-1459406510

and this on little brotherhttp://www.barrons.c...side-1459368347

so while gs creates the fear of below 1045 blackrock and other large companies buy gold

its not the dollar its nirp and zirp that have made gold viable.  its the central planners. 

oversold on the hourlies. in no hurry , did some small buying this am. will scale in based on price and oscillators.

to my eyes the pattern on the gld /gdx looks great @ this point

dharma

[johngeorge]

Bought this am some long term US Treasury Strips via ETF, long term Munis via ETF, and added to my MUX position.  Bought yesterday a US Treasury Money Market Fund.  Very near fully invested now, that is, the % of my portfolio allocation to stocks, bonds, and cash. 

 

I am still seeing a number of disbelievers in the PM mining stocks rally. Gotta love the good old wall of worry. 

[dharma]

thinking out loud

do we get a reversal day here. ?????? 

dharma

[dougie]

Nice dharma

[dharma]

gdx, the leader for the sector + on the day. still a divergence between gold and gdx. which usually gets resolved to the upside. the last high was made by gdx unsubstantiated by gold + divergence

 

http://news.goldseek.../1459539063.php

as i have been saying look for commercials to have  a300000 short position

before too long.  not much to see here. although the one trick ponies will scream at these cots. "take cover"  

i suspect the comercials have used today to cover some shorts

[dharma]

april 19 is scheduled to beginning of the sge gold fix. i think this will be a real game changer

i look for the dubai quattro and the sge to take over as the lead exchanges for gold

i dont know when in april , but april should begin the next leg higher

that large wedge in the gold chart holds sway

dharma

[dharma]

http://www.jsmineset...s-mailbox-1797/

 

perspective is everything!

http://gracelandupda...016apr2hui1.png

lots of folks calling for a top and correction. will it be that easy?

dharma