634 replies to this topic

[Smithy]

Yeah, Sunni Vs Shia. Could blow up into a major war. The US is allied with the Saudis of course, (Sunni) and Israel cheering everyone on.

[gannman]

I like the way slv has held up. It's hanging around its 50

And 200dma be nice if it could punch thru

[gannman]

Also stocks I like aem fnv gg and rgld and nem all fwiw

[dharma]

in 29 the highest leveraged investment was the stock market , one could buy stocks w/10% down, of course the 90% decline that followed had the powers that be change that law to 50% margin.  today the most leveraged investment is real estate, where for the most part 20% is all you need . well a big advantage of owning real estate is the tax laws, these tax laws have favored home ownership and have been that way for hundreds of years. well the latest tax proposals are doing away w/those benefits .  real estate may turn into the stock market of 29 if these tax laws pass

 

imo the gold market is sound and fury signifying nothing.  1262 is the target, going below that could be the set up for a bear trap.  taking out the highs would be the set up that the few are looking for . all the gurus appear to be lined up for a wipe up . what if that doesnt happen.  i will add  should we dip. otherwise i ride w/what i got.  there are so many things coming to a head.:n/korea there are 3 air craft carriers off the coast of n/korea. the mountain where they have been testing h bombs is caving in 200 workers were buried alive.  china and usa have come to an agreement should the current dictator be deposed the un will decide the fate of the country

a new saudi prince has emerged as a leader.  he has escalated the attacks on yemen. and verbal attacks on iran. hadik is thinking war in the middle east   

dharma 

[gannman]

Imo either we set up a divergent low on this sellout and end

The 15 month correction or we fail and go in the dumper

The next two trading weeks will tell the story I think we hold

Don't know

[dharma]

i found this study interesting http://www.gold-eagl...monday-thursday

 

andrew maquire on today https://kingworldnew...he-gold-market/

 

dharma

[dougie]

Ugly action not out of woods at all imo

[Smithy]

Over 30,000 contracts ripped through gold futures today - over $4.2 billion notional - in the space of a minute. That's around 10% of a normal days' volume.

 

The burning question: when they gonna buy them back?

[Smithy]

Friday's Gold Predict freebie

 

https://goldpredict.com/?p=9868

[Smithy]

Looks to me like the trend in gold this week will be down.