157 replies to this topic

[dharma]

gold up 5 this am, its all background noise until gold closes above 1229 . otherwise it finished this price cycle w/no
power to get into the next higher price cycle. of course trump is inheriting a much different situation than reagan inherited.
what is going to happen if the debt ceiling is not dealt w/ in march? then there is the 7 yr auto loans which defaults are rising
and folks are falling behind in their payments.pf course they leant money to folks w/no jobe! the 8yr cycle used to be a 4 yr cycle. so in 01 and 09 we had stock market crashes
what is in store in 17. if there is a crash, i seriously doubt that gold will not suffer an important correction and buying opportunity
because what follows that will be massive money printing
2 articles i found interesting
http://www.cnbc.com/...-paul-says.html
http://www.cnbc.com/...-economist.html
so , enjoy the rally
but be prepared for turbulent waters.
dharma

Edited by dharma, 23 January 2017 - 10:43 AM.

[senorBS]

gold up 5 this am, its all background noise until gold closes above 1229 . otherwise it finished this price cycle w/no
power to get into the next higher price cycle. of course trump is inheriting a much different situation than reagan inherited.
what is going to happen if the debt ceiling is not dealt w/ in march? then there is the 7 yr auto loans which defaults are rising
and folks are falling behind in their payments.pf course they leant money to folks w/no jobe! the 8yr cycle used to be a 4 yr cycle. so in 01 and 09 we had stock market crashes
what is in store in 17. if there is a crash, i seriously doubt that gold will not suffer an important correction and buying opportunity
because what follows that will be massive money printing
2 articles i found interesting
http://www.cnbc.com/...-paul-says.html
http://www.cnbc.com/...-economist.html
so , enjoy the rally
but be prepared for turbulent waters.
dharma

I think this is the point where 5 up is either ending or we breakout of this price area and head norte in a third, we see

 

Senor

[gannman]

I was thinking the same thing senor we could be entering a 3

[senorBS]

I was thinking the same thing senor we could be entering a 3

should quickly move above 1220-1230 if that is the case, if not 5 up probably ending, holdin my core

 

Senor

[dougie]

Seeing lots of negative divergences here

[dougie]

gold up 5 this am, its all background noise until gold closes above 1229 . otherwise it finished this price cycle w/nopower to get into the next higher price cycle. of course trump is inheriting a much different situation than reagan inherited.what is going to happen if the debt ceiling is not dealt w/ in march? then there is the 7 yr auto loans which defaults are risingand folks are falling behind in their payments.pf course they leant money to folks w/no jobe! the 8yr cycle used to be a 4 yr cycle. so in 01 and 09 we had stock market crasheswhat is in store in 17. if there is a crash, i seriously doubt that gold will not suffer an important correction and buying opportunitybecause what follows that will be massive money printing2 articles i found interestinghttp://www.cnbc.com/...-paul-says.htmlhttp://www.cnbc.com/...-economist.htmlso , enjoy the rallybut be prepared for turbulent waters.dharma

Can't quite make out 5 up from Gdx dec lows

[dharma]

I was thinking the same thing senor we could be entering a 3

should quickly move above 1220-1230 if that is the case, if not 5 up probably ending, holdin my core
 
Senor

yes, that is exactly my point , if we can break into the next higher price cycle it indicates to me the market is seeking higher
prices. if not then some sort of correction will take place. support and resistance. the boundaries are defined. then in march
there are major issues called into play by the mountain of debt. while trumps policies are very growth stimulative. they may not
be the right medicine for the time. there is just so much debt. ok i will say it. at some point revaluation of gold will be a
consideration. or not
dharma

[dharma]

5 up in gdx looks clear to me. but what do i know?
dharma

Edited by dharma, 23 January 2017 - 12:12 PM.

[senorBS]

Seeing lots of negative divergences here

gold "at this time" has one daily and tw0 12-hr RSI divergences into today's marginal new high so a 5th wave top is viable. However if we saw another $10 plus move higher and those divergences get blown out it then becomes 3rd waveish and likely muy bullish, it really does not matter to me as I will hold core longs and add on a nice pullback

 

Senor

[dougie]

Agreed