634 replies to this topic

[Smithy]

Thanks gis.

 

[senorBS]

yesterday saw XAU and GDXJ make new lows since Sep highs, GDX double bottomed at 32.22, HUI came within pennies and daily divergences did occur. The key of course is whether these might be ending patterns or we still have lower to go. I think we will likely see some fireworks once this tax plan is either passed (likely I think) or defeated. Keep an eye on FVX (5-yr yields) which look to be breaking out near 2.158% to major new highs since 2011 and a 3% yield eventual target for a big leg up here IMO could very well be in the cards

 

Senor

[Smithy]

YEEHA  !

[senorBS]

YEEHA  !

I trust nada here but "like what I see" so far, there must have been tax cut voting news as Dow tanked , expect a very volatile day methinks

 

Senor

[Smithy]

A piece of corroborative detail. The spot gold low $1270.3 was 1 pm EST yesterday, 11/30/17 --

the Ganniversary of gold's wave 2 low on 11/30/78 at $193.40, exact same day 39 years ago.

[senorBS]

A piece of corroborative detail. The spot gold low $1270.3 was 1 pm EST yesterday, 11/30/17 --

the Ganniversary of gold's wave 2 low on 11/30/78 at $193.40, exact same day 39 years ago.

I like! I think we are primed and ready for a big move but as I said I trust nada short term. I am now about 55% long, about as long as I get in one market.

 

Senor

[dharma]

A piece of corroborative detail. The spot gold low $1270.3 was 1 pm EST yesterday, 11/30/17 --

the Ganniversary of gold's wave 2 low on 11/30/78 at $193.40, exact same day 39 years ago.

yes, i am using that fractal and have been mentioned it on these pages.  it is tracking.  while i think we are approaching 3of 3 i do think we will see price appreciation. , but not to the extant that was wave 5 back then. i have to the conclusion that for commodities wave 5 is the big one. it takes a realization that fiat is worthless and stuff is real and has intrinsic value.    hadik has mentioned dec 8 th as a high.  gold starting to giddyap!

some things that interest me .  a gold crypto   http://www.worldnews...currency-492790

elon musk is just amazing. he is a capitalist yet he believes so strongly in solar powered cars that he put the plans on the web so the competitors cars can get better mileage. now he is building a solar field in australia to power 30k homes https://www.nytimes....ia-battery.html

i saw the ivy league loud mouth chris chanos call musk a liar on cnbc. of course he is short tesla and getting his butt kicked!

dharma

[senorBS]

so "apparently" this Dow dive is related to the news on Flynn possibly testifying about Trump per what I read at Marketwatch. It would be ironic if the tax plan failed as well but I still think it probably passes, helluva day already!

 

Senor

[dougie]

We had some strong ST divergences in Gdx yesterday but couldn't get fill the gap form a few days ago.
Interesting juncture

[dougie]

This morning move in Gdx has nice structure