911 replies to this topic

[dharma]

there is not much confidence in this market dsi was 27 yesterday, its a relative thing when gold hit its lows on this corrective
downwave the dsi was in the mid 30s
wave 1s start to build confidence. so i want to see how this develops my guess is slowly and cautiously. 8 years of base building can
account for that
the thing is, and i am going to throw fundamentals in here" the cure for low prices is low prices" these low prices for gold has caused
miners to shelve many projects i cant say we are @peak gold ,but why take on an expensive project when it is not or barely profitable.
and that is the case in the sector . the largest majors have merged and consolidated expenses. we even see newmont and gold collaborating
in nevada.so , the end result is less physical supply .cbs are not buying contracts they are buying phys.at some point that willcome into
play
and i ask myself who buys bonds @negativeinterest rates.??? what %pf the bond market does the eu own? in japan the same. and over 1trillion
a year in deficits. when does the herd wake up and at least ask some questions.
saw pence on cnbs demanding the fed lower rates. the president has already made the same request. if you feel lonely right now soon the
herd will be heading this way.
dharma

[jabat]

 

 

[jabat]

 

 

[dharma]

by the way the falling wedge pattern in gold,looks quite real and bullish. it indicates new highs
dharma

[senorBS]

the surge to 1285 in Sunday evenening trading "at this time" looks like a very clean hourly 5 up, so if we did start a correction we could see a pullbacl toward 1275 plus or minus a bit, of course it could morph into something else but so far a nice 5 up

 

Senor

[dougie]

it does look like one can count a 5 er...

we are once again at an interesting juncture...

[gannman]

i have been trying to get to the cots on the cftc website and it is telling me 

 

the normal link i use is no good. is anyone else having problems 

 

thanks

[gannman]

www.cftc.gov  is what i normally use fwiw

[senorBS]

so far I like what I see in gold, nice lookin 5 up IMO and looking for now like an abc correction may be close to ending in the 1274-1277 area IMO, miners vacillating near unchanged plus or minus a bit an remaining very oversold, like the odds for at least a near term rally to begin soon and the possibility of an impt bottom, as always DYODD

 

Senor

[senorBS]

If and I stress "if" the current bullish Ewave interp I have outlined is correct there is potential here for a near term wave 3 to begin and head to 1300 and above, its only odds and probabilities but in my view there is a nice potential bullish set up here, the first one in a good while, we see

I have also mentioned the CEF fund which holds gold/silver bullion only at about a 50/50 basis. It has basis daily charts about as clean of a 5-wave daily rally from the Nov 13 11.37 impt low to the Feb 20 13.2 high. It now looks to have completed or be very close completing a very clean wave 5 of C down from that Feb high, wave counts don't get much better than this IMO, but as always ANY type of market analysis is a best guess

 

Senor