64 replies to this topic

[dharma]

thanks jabat.

right now i am viewing the market differently than hadik

cots

http://news.goldseek.../1465587152.php

getting stretched again by the commercials

spec longs too confident 

dharma

[dougie]

Some more room to run here or done?

[dharma]

asian markets take it on the chin. gold heads higher. volatile session so far

gold on the short term charts worked its way into a wedge pattern

sentiment #s not near extremes-yet

The HGNSI rose 7.5 points to 32.5.

MarketVane’s bullish consensus rose 1 point 56%

DSI rose 6 points to 45%.

market has room to rise based on the sentiment #s  

well they ran the stops down to 1201 i cant help but think

all the stops above 1308 would be a big temptation 

dharma

[dougie]

Gaps below in Gdx
To fill or not to fill

[dharma]

are they breakaway gaps or exhaustion gaps?

miners lead, today they are struggling to stay + on the day

friday also,  curbing my enthusiasm

while it still looks good, i am cautious in here

in bull markets the most money is made by riding the trend

few if any get in and out and back in and their buys are better

most miss the trend

w/that said i am  not doing anything

dharma

[dharma]

not liking the action gold up miners down. miners lead. i suspect w/the fed on tap wednesday and brexit on the 23rd the markets will gyrate.   

http://seasonalchart...ssics_gold.html this is the tendency this time of year india will be back in the market for diwali and growing season=mid august . until then  there is not a firm bid under the market. although gdx holdings stand @896 which is impressive. my take is these ar investors. not levered hedge funds. so when gold does correct back down. the inventory of gold holdings will remain fairly firm.  But of course we will see

db keeps seeking a bottom this could be the next lehman, they are so intertwined w/all the other big banks.  they have been thrown out of the club, so they have to pay more to borrow.  

it seems the worlds biggest lender =japan has seen its citizens repatriating funds.  which is putting some pressure on the dollar.

the fed is trapped. the economy is stagnating, and stuff is going up. =stagflation. welcome back to the 70s w/o volker in charge 

there are so many spinning plates.  

however,  we could be in for more sideways action over the next couple of months. 

i am holding but uneasy

 

dharma

Edited by dharma, 14 June 2016 - 09:49 AM.

[dougie]

We could be in the cusp of a wave3

[dougie]

http://stockcharts.c...713&a=461974225

[dharma]

not sure the correction has ended. what has me concerned is gold +5 days in a row. miners diverging, not a bullish sign. of course the market could correct this   we shall c.  i have a feeling about the outcome.   we shall c if that is correct . for now i have made my position and am alert to what the market does. of course we have the big one brexit next week.  

waiting on the fed

dharma

[johngeorge]

I remain long and sitting on my hands. Still looking for 1300+ for gold this rally. Mining shares perking up a bit at this time today.  Yen up slightly against the dollar.  Janet, then Brexit, and a major Bradley turn date on July 4th.  I probably missed some other important stuff in between.