Member
Posted 09 December 2018 - 09:45 PM
Dalio really thinks US is like Argentina? Seriously?
I know he doesnt so why spout this stuff?
politics IMO
Do you think we can service our debt in uninflated dollars?
how long has Japan been doing it?
Well they haven't been operating in a vacuum. They've just been getting away with it because the US, Europe and China have been doing the same. When we go, they go worse.
Member
Posted 09 December 2018 - 11:15 PM
Notice the lower blue line that XAU found support on last August, that is a very strong 4-5 point line, a rally should keep going into early 2020 with some bumps along the way.
Edited by Russ, 09 December 2018 - 11:15 PM.
Member
Posted 09 December 2018 - 11:46 PM
correction to above... lower turquoise line that xau found support on in early 2016, not last august.
Member
Posted 10 December 2018 - 08:29 AM
correction to above... lower turquoise line that xau found support on in early 2016, not last august.
Nice chart, but IMHO you should emphasize that top line (looks like 4 primary touches), as it is the key level to determine whether this current turn-up is the real deal. That bottom line did it's job - we don't want that to come into play again!
Thanks again for you chart.
stu
Member
Posted 10 December 2018 - 08:34 AM
I'd suggest watching the DXY (96.48 last) closely tonight as it could be a "trigger" if it breaks below 96.31-96.38 support, break that and it could start waterfalling lower IMO
Senor
I have UUP charted that shows us at critical ST support also, FWIW
stu
Member
Posted 10 December 2018 - 09:56 AM
You're most welcome Stu, I appreciate your work too, even if it's at odds with mine sometimes. This GDX chart shows the current situation more clearly, there is clearly a bull flag on the chart that is about to break out and that should lead to Hadik's wave C or 3 into 2019.
correction to above... lower turquoise line that xau found support on in early 2016, not last august.
Nice chart, but IMHO you should emphasize that top line (looks like 4 primary touches), as it is the key level to determine whether this current turn-up is the real deal. That bottom line did it's job - we don't want that to come into play again!
Thanks again for you chart.
stu
Member
Posted 10 December 2018 - 10:07 AM
Laggard report: Looks to me at this time that GG and PAAS may be on the move - probably my 2 favorite laggards. I think HL might be ready to move above 2.50, this is a more spec play. So far I like the early consolidation action, as always DYODD
Senor
Member
Posted 10 December 2018 - 11:37 AM
The leader is breaking out....
Member
Posted 10 December 2018 - 12:39 PM
The same oscillator that predicted the low in mid August is predicting GLD, Gold, GDM, GDX, HUI and XAU will form a big high in early to mid 2020, that date should become clearer as we get closer to that time.
Member
Posted 10 December 2018 - 03:13 PM
today is a pause in the upmove. and so far looks corrective in structure
gs , morgan stanley , and jpm have become bullish on gold and commodities for 2019 https://investingnew...uDoo0e_JICh3XAw
in fact w/john thornton former president of gs as abx ceo , gs new symbol is abx
dharma
on a personal note, i have become enamored w/novo, yes i know sprott is a huge share holder of novo and so is kl. but i truly believe that hennigh is onto to something. novo has bought substantial land mass as has pacton, which i have been accumulating on the dips. i am about to start a campaign in novo. last purchase was before it broke down @ 3 . if hennigh is right and w/so much gold near the surface this could be one of the largest and least expensive gold to mine. of course its all conjecture at this point. but they sold sprott on it and he holds it well above 3 . do your own do diligence this is pure speculation. i know nothing
