1565 replies to this topic

[gannman]

one possible scenario here. like senor says looks like the general market needs one more plunge to complete 5 wave down

 

perhaps this final plunge is the final drop in the gold stocks too . its possible 

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Charles Nanner.....Buy gold

https://usawatchdog....charles-nenner/

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Silver Weekly

 

 

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[senorBS]

one possible scenario here. like senor says looks like the general market needs one more plunge to complete 5 wave down

 

perhaps this final plunge is the final drop in the gold stocks too . its possible 

Perhaps I was not clear, I think S&P and NYA already have 5 down (1 or ) and are working on an abc corrective rally with today's early decline likely part of "b" and then we'd need a "c" to complete 2 or B, my best guess FWIW

 

Senor

[senorBS]

Dharma, some rather nice  "stagflation" economic numbers this morning - interesting how they tried to break gold hard (1316 low) on the release (down to 1316) and how it has roared back to 1332

 

Senor

[gannman]

Sorry I misunderstood that

[senorBS]

Sorry I misunderstood that

no problemo amigo, helluva day here so far in gold/silver/miners, have to really start wondering if these new lows since 2016 highs in HUI/GDX/SIL and HUI/Gold ratio were BIG wave 2 bottoms? Lets remember the 4-5 yr basing patterns remain fully intact and maybe, just maybe, this was the final decline prior to an  upside breakout? we see

 

Senor

[dharma]

Dharma, some rather nice  "stagflation" economic numbers this morning - interesting how they tried to break gold hard (1316 low) on the release (down to 1316) and how it has roared back to 1332

 

Senor

the cpi put a wrinkle in the multiple interest rises this year, or whatever. gold took off, its what i was referring to  when i said gold might sniff this out in advance. i bought this morning. this is not investment advice , but one of my purchases was ngd. vs sp it needs to gain 1280% just to get back to the 11 highs. i thought this was overdone.  i believe we are are beginning a move to take out 1370   while the move down in the broad market might be small  potatoes to some fed governors,  it might also alter what they can do. my hit is  they want to raise rates so they have room to lower when the next recession hits.  usually they need to 3-4% at this point that would take them to negative  rates they need more room. soon the gold market will disregard all the talk and only focus on what is actually done. and what has been done, is taxes have been lowered= > deficits. the new budget had no spending cuts => deficits.   yes they are engineering a lower dollar which will help. but it will also help gold in a big way.    gotta be patient here and not expect the market to connect all the dots.  but i believe it is starting.  if we are in wave 3 then the 11 highs will come into focus.    this could be a very good year

the miners are interesting . gdx , unaccompanied by gdxj, was brought to new lows.  new lows generally flush out longs who place stops below those lows. ,  there were few and the market bounced up hard into the close on friday.  its too early to conclude, but it could have been a bear trap.   the banksters had been naked shorting the miners.  this while i see big players. dalio et al , accumulating 

gonna take a little time. 

dharma

welcome back to the 70s STAGFLATION is the name of the game.  those mountains want to be paid.  of course they wont be  or if they are the fiat will be worth-less

Edited by dharma, 14 February 2018 - 11:28 AM.