634 replies to this topic

[Russ]

The problem is that Europe looks worse than the USA at this point, I have a long term signal for a major high in the dollar as I said going into Oct. 2018 so 97ish should just be blown away, over 100 is more likely.... 

 

 

[Russ]

Gold's bearish view,  author Oleh Kombaiev expects 116 gld or 1230 gold in 60 days or so....  

Summary

The UST 10-year yield is likely to continue growing, which is a key pressure factor for the gold price.

The geopolitical risks are becoming less relevant.

While the gold price is growing, the hedge funds are selling.

 

 

 https://seekingalpha...a765b&dr=1#alt1

Oleh Kombaiev 

 

[Russ]

gold has not broken the low of oct 6 even though the dollar index has gone much higher, not sure why there is the divergence?

[gismeu]

 

Gold's bearish view,  author Oleh Kombaiev expects 116 gld or 1230 gold in 60 days or so....  

Summary

The UST 10-year yield is likely to continue growing, which is a key pressure factor for the gold price.

The geopolitical risks are becoming less relevant.

While the gold price is growing, the hedge funds are selling.

 

 

 https://seekingalpha...a765b&dr=1#alt1

Oleh Kombaiev 

 

 

Didn't somebody post that Hadik was now bullish on Gold?

 

Thanks, gis

P.S. Line in the sand for me is 1264- 1266 Dec contract on a daily closing basis, i.e. bullish above

[gismeu]

While the gold price is growing, the hedge f

Didn't somebody post that Hadik was now bullish on Gold?

 

Thanks, gis

P.S. Line in the sand for me is 1264- 1266 Dec contract on a daily closing basis, i.e. bullish above

 

 

And closing today above 1274 would make me more confident that we will move back up into the 1285 area.

 

gis

[Smithy]

Gismeu, welcome back. House renovations finished?

[Russ]

 

 

Gold's bearish view,  author Oleh Kombaiev expects 116 gld or 1230 gold in 60 days or so....  

Summary

The UST 10-year yield is likely to continue growing, which is a key pressure factor for the gold price.

The geopolitical risks are becoming less relevant.

While the gold price is growing, the hedge funds are selling.

 

 

 https://seekingalpha...a765b&dr=1#alt1

Oleh Kombaiev 

 

 

Didn't somebody post that Hadik was now bullish on Gold?

 

Thanks, gis

P.S. Line in the sand for me is 1264- 1266 Dec contract on a daily closing basis, i.e. bullish above

 

Yes, I saw Dharma say Hadik was bullish now, here is a freebee that he sent me in early oct.... Gold/Silver, Euro & Bonds Fulfill Early-Oct. Cycle Lows...

Decisive Reversals Higher Taking Hold.

Gold Triggers New Buy Signal on Oct. 5/6...

Sets Stage for 4Q 2017 Advance!     The action of Oct. 5 - 6 powerfully validated and/or confirmed much of the outlook for Sept./Oct. & increased the credibility of analysis for Oct. - Dec. 2017.  Since January 2017, INSIIDE Track has reiterated expectations for Gold to steadily advance but not enter an accelerated surge until 4Q 2017. 

[dharma]

gismeu -yes i posted that i received a report from hadik 10/18/17   Gold & Silver Crossing Over into Bullish Cycles...

Projected (Higher) Low Fulfilled in Mid-2017;

 

July 10 Cycle Low Bridging Phases of Bull Market;

Bottoming Phase Transitions into Better-Defined Uptrend...

4Q 2017 - 1Q 2018 = Defining Phase!

now the euro is like the dollar they are risk on currencies.  and as i reported a short while back, germans have entered the gold market in a big way. the yen is a risk off currency and it looks set to rise vs the dollar.     i just received a special report from larry williams he too is becoming bullish on the dollar. i can see a dollar rally , no problem , but a bull means higher highs for the dollar , that i dont see.  right here right now in the gold complex , i dont see divergences on hourly or daily charts. so  i am cautious i want to see that , if it doesnt happen, then i ride w/what i got, if it does then i add .  gold down 10 yesterday, not a % and the miners down over 2% something is not right here. naked shorting ? by the really big boys. next week is the jobs report , the scam is gold has a tendency to decline into the report and rally out of it.  venezuala s debt is due for a payement. , the thought is they use their gold to pay for it, well lets see what they do?  the usa govt debt ceiling dec 8, will it be another punt??  there are so many spinning plates, not to mention geopolitical tensions  , but right now the big boys have taken over the sand box. 

dharma    gold will do well vs the euro, its why german buying of gold has been very strong                                                                                                                                                                                              

https://economictimes.indiatimes.com/markets/commodities/news/banks-may-resume-consignment-import-of-gold-next-week/articleshow/61255859.cms                                                                                                                                                                 

Edited by dharma, 27 October 2017 - 11:52 AM.

[Russ]

and this from Hadik's blog.... Gold & Silver fulfill analysis for quick surge into Oct. 13 – 16.  Spike high & reversal lower likely on Oct. 16.  Gold stocks exhibiting relative weakness.  Action of Oct. 16 – 20 is CRUCIAL with respect to outlook for 4Q ’17–1Q ’18!

[Russ]

a/d line is looking pretty oversold based on the 50 cci....