631 replies to this topic

[Smithy]

The Oleman Dictum: "Buy the break of major support."

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Dharma, any comments on lunar and solar eclipses re gold?

[Russ]

The Oleman Dictum: "Buy the break of major support."

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Dharma, any comments on lunar and solar eclipses re gold?

 

The new highs and new lows divergence may offer some support near term but breaking below a huge triangle according to theory should lead to the gold stocks travelling down the width of the left side of the triangle, shouldn't it?  Also notice not only the divergence in this chart but that the new lows are much less than back in late 2015.  

 

[dharma]

5 planets are in retrograde motion at present

here is what merriman has to say "The abundance of retrograde planetary activity is only one piece of the geocosmic puzzle happening today. We also have the lunar eclipse in early fixed signs, making a T-square with Mars and Uranus also in early fixed signs, and all on the cusp of new sign changes. But there is even more. In the study of geocosmics, we have noted large price moves (usually declines) often occur when there are hard aspects in the cosmos involving Mars, Jupiter, and Uranus close to one another. Between July 25 and August 7, we note there will be several signatures involving these three planets. On July 25, the Sun squares Uranus. On July 27, the Sun is in opposition to Mars. On August 1, Mars will square Uranus. On August 6, the Sun will square Jupiter. On August 7, Uranus will turn retrograde. That is five instances of hard signatures involving these three planets in a space of only 13 days. It suggests a market climate that is overloaded with conflicting signals. It suggests a political and economic climate that is overloaded with conflicts pulling it in opposite directions, where there appears to be no resolution in sight. It suggests a strain on the infrastructure of the earth. It suggests a strain on personal relationships where one or both parties are inflexible and trying to assert their will on the other. You cannot assert your will on others at this time and expect a favorable outcome. It’s like winning the battle but losing the war. You need a longer-term view of the world, of your own life. This isn’t karma. It’s destiny-in-themaking. There are consequences to what you are doing and deciding now, and those that play the long game will likely be better off than those reacting to moment-by-moment dramas. These next two weeks can also represent a time of personal insight and awakening"

 

 

i didnt take much from the present cots other than the commercials sold into the highs in gold  and the large specs continue to sell

dharma

[senorBS]

Some additional extreme sentiment type stuff:

 

1. Vanguard just threw in the towel on a Metals and Mining Fund. It morphs into a Global Capital Cycles Fund.(ZeroHedge)

 

2. the latest BARRON's report for gold: July 26, 2018 "Gold Could Be in a Prolonged Tailspin"

 

and da beat goes on

 

Senor

[Smithy]

My silver  COT trading system has given a buy signal from the comms lack of shorts.

Doesn't mean price can't fall further, but it is encouraging to the bulls.

[Smithy]

Finally GLD gold held is diverging upwards against lower gold prices.

[senorBS]

My silver  COT trading system has given a buy signal from the comms lack of shorts.

Doesn't mean price can't fall further, but it is encouraging to the bulls.

Thx for that, watching DXY closely as we could be entering a wave 3 down if the recent decline from the highs was a wave 1, we see

 

Senor

[Smithy]

Capt ewave has gold bottoming around 1205.

[senorBS]

Capt ewave has gold bottoming around 1205.

IMO always futile to try to pick THE low assuming of course one is coming soon, for me its just very slow accumulation, I did but an initial modest CDE position at 6.98 today, as always DYODD

 

Senor

[SemiBizz]

I will know the low, it's when the knife catchers give up and the postings on this board runs dry...

 

That could be some time from now...

 

And much lower prices.