Russ, some trivia for you.
8/24/19 will be 162 years from the the major company crash 8/24/1857 that precipitated the very first US financial crisis.
And 8/24/1987 was one day from the then pre crash high.
Smithy, Is there significance of 162 years?
out on a limb! bottom for wave 2 in !?
Started by
dharma
, Jun 03 2019 10:55 AM
1010 replies to this topic
#91
Russ
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Posted 13 June 2019 - 11:21 AM
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#92
gannman
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Posted 13 June 2019 - 11:45 AM
something interesting here the time segmented volume in the gold stocks and etfs looks good
the tsv in the general market like the qqq and the smh looks like crap
at some point here it sure looks like to me the general market is going to get slaughtered
and i feel this will push the goldies higher. all fwiw
feeling mellow with the yellow metal
#93
Smithy
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Posted 13 June 2019 - 12:03 PM
Smithy, Is there significance of 162 years?
-----------------------------
= Fib
#94
hhh
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Posted 13 June 2019 - 12:06 PM
That's a bit of a stretch. 1.618 is the Fib ratio, but 144 and 233 are the nearest Fib numbers in the sequence.
#95
Smithy
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Posted 13 June 2019 - 01:01 PM
You are right, I stand corrected. It is a ratio not a number.
Sometimes when counting I find 38, 62, 162, etc.
For example the base for gold from 6/27/13 to 8/15/18 is 61.6 months.
#96
dharma
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Posted 13 June 2019 - 02:33 PM
agree gannman its also the time of year when that happens
pompeo blames iran for oil tankers. here we go!
gdx/gui/xau new highs for the move gdxj getting close.will gold follow
there are so many spinning plates,deficits,war, trade war, on and on.
is it time for gold to take center stage?
dharma
#97
tradesurfer
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Posted 13 June 2019 - 02:40 PM
I never thought war with iran would be what causes gold to break out and catch he commercials shorts with their pants down, but it is starting to look like this is what might happen.
The IRAN news is nowhere near the top on the news network coverage yet.
#98
Smithy
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Posted 13 June 2019 - 03:02 PM
A while back I researched how often the commercials are seriously wrong. It is about once in 10 years.
Could be now but would be unusual.
#99
Russ
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Posted 13 June 2019 - 04:10 PM
Approaching Armstrong's key number of 1362, a weekly close and especially a monthly close above this number should see gold off and running.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#100
K Wave
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Posted 14 June 2019 - 06:59 AM
Bulls showing signs of actually wanting the ball here...
IF they can maintain momo today, this might finally be the turning point back upside....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
