Member
Posted 26 September 2018 - 02:18 PM
dsi =29
the largest debtor in the world is the us govt, raising rates, raises the govts costs to borrow, @ some point it will matter
the fed remains behind the curve
still in wait mode
dharma
westerners story is "gold doesnt pay interest" to an east indian, he has seen many cycles , gold is a protector against currency depreciation.
so this is significant https://trendlyne.co...-remain-buoyant
Member
Posted 26 September 2018 - 03:37 PM
Regarding the DSI, then the lowest daily reading I have was on the Aug 15th low at 6%.
This compares with the gold bear market bottom on 12/2/15 of 8%.
The divergence for the gold COT stats now is a lot more bearish than at that low.
Wave 2 sentiment can be more extreme.
If this month long spot gold consolidation breaks to the downside that is less than bullish.
Member
Posted 27 September 2018 - 10:10 AM
i am just being cautious . i sold what i bought for a few cents profit. it was more for protection. so far, nothing has changed . perception has not changed. the fed raising rates was expected. tariffs at this point are background noise. there needs to be an event to change perception . so far, the status quo is the accepted norm. the cots could get more extreme. i am waiting to buy. this down wave could end in a V .
dharma
Member
Posted 28 September 2018 - 02:39 PM
there are really few times when the cots are valuable
http://news.goldseek.../1538162818.php
this is a rare and bullish event when the commercials are long gold and silver
they are lopsided short the dollar
when this market turns and i believe we are in 4of 5 of C of 2 here
this thing will have giddyap. the specs will run for cover.
dont know when the trap will be sprung
but i suspect it wont be very long now
dharma
Member
Posted 01 October 2018 - 10:05 AM
china on holidays this week so in spite of the large specs being big shorts , the market will lack a big physical buy presence
slowly slowly the market is changing.
waiting and waiting
obviously miners represent value
revenue streams are enticing
dharma
Member
Posted 03 October 2018 - 09:36 AM
keep in mind china is on holidays this week, so real physical demand will be lacking. when this rally ends, in the next day or two . we will have one more test of the lows and then i think the correction ends. everyone is hyped by the cots, and i am hyped by them as well . its a very rare occurrence when the commercials are long gold/silver. the miners are begging for a bid. be sure if you buy, the company isnt going to need funding any time soon. its a supreme mistake. i believe this protracted correction for a wave 2 is about to end. .
dharma
it also looks like the stock market is putting in a top
commodities are bottoming
major turn dead ahead
Member
Posted 03 October 2018 - 09:45 AM
keep in mind china is on holidays this week, so real physical demand will be lacking. when this rally ends, in the next day or two . we will have one more test of the lows and then i think the correction ends. everyone is hyped by the cots, and i am hyped by them as well . its a very rare occurrence when the commercials are long gold/silver. the miners are begging for a bid. be sure if you buy, the company isnt going to need funding any time soon. its a supreme mistake. i believe this protracted correction for a wave 2 is about to end. .
dharma
it also looks like the stock market is putting in a top
commodities are bottoming
major turn dead ahead
I certainly can't rule out a test of the lows but personally think that's "too easy", very few are long IMO. CRB is not bottoming IMO it has bottomed an impt secondary low and looks like its in a rather large 3rd wave higher. as it went back above 200 this morning. we see
Senor
Member
Posted 03 October 2018 - 11:47 AM
keep in mind china is on holidays this week, so real physical demand will be lacking. when this rally ends, in the next day or two . we will have one more test of the lows and then i think the correction ends. everyone is hyped by the cots, and i am hyped by them as well . its a very rare occurrence when the commercials are long gold/silver. the miners are begging for a bid. be sure if you buy, the company isnt going to need funding any time soon. its a supreme mistake. i believe this protracted correction for a wave 2 is about to end. .
dharma
it also looks like the stock market is putting in a top
commodities are bottoming
major turn dead ahead
I certainly can't rule out a test of the lows but personally think that's "too easy", very few are long IMO. CRB is not bottoming IMO it has bottomed an impt secondary low and looks like its in a rather large 3rd wave higher. as it went back above 200 this morning. we see
Senor
agree on commodities. i dont know if gold needs a new low or not. yesterday was a scam ruppe down .china closed. there are big spec shorts on the comex . they didnt budge yesterday. i just think we pull back from here. maybe a new low ? maybe not. i am in accumulation mode. buying when the market gives the opportunity. these are very juicy buys in the miners. they are in the gutter. blood is running in their streets.
dharma
Volume Dynamics Specialist
Posted 03 October 2018 - 11:53 AM
This gold contract just loves to hug on 1202...
