634 replies to this topic

[dharma]

"baked in the cake" my take as well. and i am looking for the rally to begin imminently gdx has daily divergences.  grab some pop corn , pull up a chair for the fed meeting , if by some small shot they dont hike gold will also rally, if they do its already baked in . miners have been going down vs gold for 20+ years.  that is about to change!!!!

dharma. 

[dharma]

bob moriarity

 

dharma

[dougie]

iii of 3 of 1 in? Or 5of c

[tradesurfer]

interesting day so far... bitcoin plunging... stock market losing bids and slowly getting weaker.. and gold catching a bid... one day fluke or sustained trend ?

[senorBS]

interesting day so far... bitcoin plunging... stock market losing bids and slowly getting weaker.. and gold catching a bid... one day fluke or sustained trend ?

 

iii of 3 of 1 in? Or 5of c

who cares as some indices/ETFs count a bit differently but almost all can be counted as ending very large corrections over the past several daze, add that to the potential ending of a 4 yr basing pattern and frankly let's not quibble or worry excessively about the exact wave count, heck we don't even know what we got here with the Fed rate hike not far away, though gotta say I likee what I see

 

Senor

[senorBS]

Dharma or others, did not Marty Armstrong (not my fav) quite a while ago target this end of 2017/early 2018 period as a possible major low for gold? I thought I remembered something about that but my memory ain't what it used to be 

 

Senor

[dharma]

Dharma or others, did not Marty Armstrong (not my fav) quite a while ago target this end of 2017/early 2018 period as a possible major low for gold? I thought I remembered something about that but my memory ain't what it used to be 

 

Senor

he is another "who cares" he has an agenda that he is pushing and selling

so far the action is what you would expect from a very oversold very hated sector . 

the key will be , "does this have legs"

dharma

i liked the bob moriarity piece because it can be applied to all bubbles, i didnt know venezuala got involved in bit coins!?

[Russ]

Dharma or others, did not Marty Armstrong (not my fav) quite a while ago target this end of 2017/early 2018 period as a possible major low for gold? I thought I remembered something about that but my memory ain't what it used to be 

 

Senor

Armstrong called the high in September by less than 1 point, I am not aware of anyone else that did that, so it is a mistake to underestimate his abilities,  last I saw he still wanted 1000 gold taken out maybe down to 850 for a test of the 1980 high, he did say that after 2018 there would be more risk in holding some types of funds or etfs as the international debt crisis intensified.  Martin Weiss and his company have followed Armstrong's cycle work for years and offered to be the caretaker of his AI computer system 'Socrates' when Armstrong was in prison. Weiss predicted a few weeks ago that gold would bottom in Mid to Late Dec. and then the rally to $5000 (a number Armstrong gave long ago) would unfold.   

 

"The Edelson Institute’s cycles charts are now confirming that the ideal time to stake out our first aggressive positions in precious metals could come as early as next week (written Dec. 8) and DEFINITELY in December!

 

We showed you how and why in this week’s emergency briefing. We gave you our cycles charts that clearly show how gold and silver are getting to form a bottom and getting ready to blast off!

As you read this, the cycles are setting the stage for gold to soar to over $5,000 per ounce and silver to over $125"  - Martin Weiss  

Edited by Russ, 13 December 2017 - 02:28 PM.

[Russ]

and this from an Armstrong interview last July... http://news.goldseek.../1499112000.php

• In Part I of this riveting discussion with global financier, Martin Armstrong ofArmstrong Economics, discusses his two upcoming seminars.

• The Forecaster was one of the few to correctly anticipate the runaway bull market in US equities.

• He is calling for 23,000 Dow and if that is eclipsed, perhaps a parabolic move as the general public lost its appetite for shares during the 2009 crash.

• Our guest expects the European Central Bank (ECB) to file for bankruptcy protection, culminating with higher rates.

• According to his capital flow analysis, he presents contingency plans for investors to shield their portfolios from the onslaught, including gold.

• Ethereum was recently used in an IBM / Samsung program to help a washing machine, order its own detergent, call and pay for repair service.
• The sea change event will facilitate the Internet of Things (IoT), encourage artificial intelligence and lead to breakthroughs not yet anticipated by even top notch SciFi writers (figure 1.1).

If the ECB files for bankruptcy that will cause gold and interest rates to explode, the end of Socialism which will ultimately lead to Armstrong's 'crash and burn' of western civilization and it's Marxism.

Edited by Russ, 13 December 2017 - 02:44 PM.

[dougie]

 

interesting day so far... bitcoin plunging... stock market losing bids and slowly getting weaker.. and gold catching a bid... one day fluke or sustained trend ?

 

iii of 3 of 1 in? Or 5of c

who cares as some indices/ETFs count a bit differently but almost all can be counted as ending very large corrections over the past several daze, add that to the potential ending of a 4 yr basing pattern and frankly let's not quibble or worry excessively about the exact wave count, heck we don't even know what we got here with the Fed rate hike not far away, though gotta say I likee what I see

 

Senor

 

well i for one cae sinve if it is a C we might still have more down work here and if it is down it might be real down.

If it impulses up outta here i would say odds are we are going for a ride