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the tree grew around the limb, change of season


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#1 dharma

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Posted 23 September 2019 - 09:51 AM

fed repos 75 billion a day till oct 10 dont worry folks just some sort of glitch this will take care of it . nothing to see here move along. shades of 08-09 . credit locking up?

today is the 1st day of autumn . gann marked the change of seasons as a change in the markets. many of his charts started the year on the 1st day of spring. i have no idea what is happening in the credit markets , but there is unusual behavior.  and yet, no government has cut back on its deficit spending . w/the biggest creditor the world has ever seen leading the pack. gone are the days when the usa was a country of savers. w/a huge pool of resources and funds to draw upon.  creditors want to be paid. and so it goes.  october is right around the corner and the vote and fed indicated it may be done lowering rates. well the stock market bulls may not like that!

as for gold the square 1521 is the magnet.  the nature of this present advance will tell us if there is more work to do or as the chartist says we are following the parabolic path. 

these charts speak to me https://pbs.twimg.co...=png&name=small

https://pbs.twimg.co...ng&name=900x900

https://pbs.twimg.co...ng&name=900x900

coming out of this big base  the market has alot of stored energy . and one count says we may be approaching 30f3  which should see price mark up. my experience w/commodities, and i throw gold in that class, says 5s are the biggest price mark ups.  eventually this market will work into a frenzy.  and then we see what form of government we get.

miners are strong here gaining ground the precious

dharma

seemed like time for a new thread!



#2 senorBS

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Posted 23 September 2019 - 10:00 AM

Got gold/silver and miners? Yep, and last week I got as long as I get, amazing to see the 5-day DSI at 49 (Bulls markets and the ol wall of worry!) in gold after Fridays close, looks like new highs at a minimum, my opinion is don't over think it, long and strong for now...yes.gif

 

NO BS

 

Senor



#3 gannman

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Posted 23 September 2019 - 10:04 AM

There are very real fundamental reasons to own gold here

Eventually that will sink in and spread. Just the beginning imo
feeling mellow with the yellow metal


#4 AChartist

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Posted 23 September 2019 - 10:51 AM

I hope gold can do $5k and silver $120-150 in 3 months. Really know one could ever know I don’t believe much in technicals would predict the future it’s always been controlled criminally. Just a chance here if having a technical reason too we know the fundamentals the criminals are going to jail

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#5 stubaby

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Posted 23 September 2019 - 11:29 AM

fed repos 75 billion a day till oct 10 dont worry folks just some sort of glitch this will take care of it . nothing to see here move along. shades of 08-09 . credit locking up?

today is the 1st day of autumn . gann marked the change of seasons as a change in the markets. many of his charts started the year on the 1st day of spring. i have no idea what is happening in the credit markets , but there is unusual behavior.  and yet, no government has cut back on its deficit spending . w/the biggest creditor the world has ever seen leading the pack. gone are the days when the usa was a country of savers. w/a huge pool of resources and funds to draw upon.  creditors want to be paid. and so it goes.  october is right around the corner and the vote and fed indicated it may be done lowering rates. well the stock market bulls may not like that!

as for gold the square 1521 is the magnet.  the nature of this present advance will tell us if there is more work to do or as the chartist says we are following the parabolic path. 

these charts speak to me https://pbs.twimg.co...=png&name=small

https://pbs.twimg.co...ng&name=900x900

https://pbs.twimg.co...ng&name=900x900

coming out of this big base  the market has alot of stored energy . and one count says we may be approaching 30f3  which should see price mark up. my experience w/commodities, and i throw gold in that class, says 5s are the biggest price mark ups.  eventually this market will work into a frenzy.  and then we see what form of government we get.

miners are strong here gaining ground the precious

dharma

seemed like time for a new thread!

Thanks dharma for maintaining this thread - I have us now completing Wave b of 2 of 3 of 3 or C (basis $XAU), FWIW

 

http://schrts.co/ehYUbRkG


Edited by stubaby, 23 September 2019 - 11:30 AM.


#6 goldfungus

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Posted 23 September 2019 - 11:45 AM

Got gold/silver and miners? Yep, and last week I got as long as I get, amazing to see the 5-day DSI at 49 (Bulls markets and the ol wall of worry!) in gold after Fridays close, looks like new highs at a minimum, my opinion is don't over think it, long and strong for now...yes.gif

 

NO BS

 

Senor

After getting beat over the head of five years, this is going to be fun.



#7 dharma

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Posted 23 September 2019 - 12:27 PM

 

fed repos 75 billion a day till oct 10 dont worry folks just some sort of glitch this will take care of it . nothing to see here move along. shades of 08-09 . credit locking up?

today is the 1st day of autumn . gann marked the change of seasons as a change in the markets. many of his charts started the year on the 1st day of spring. i have no idea what is happening in the credit markets , but there is unusual behavior.  and yet, no government has cut back on its deficit spending . w/the biggest creditor the world has ever seen leading the pack. gone are the days when the usa was a country of savers. w/a huge pool of resources and funds to draw upon.  creditors want to be paid. and so it goes.  october is right around the corner and the vote and fed indicated it may be done lowering rates. well the stock market bulls may not like that!

as for gold the square 1521 is the magnet.  the nature of this present advance will tell us if there is more work to do or as the chartist says we are following the parabolic path. 

these charts speak to me https://pbs.twimg.co...=png&name=small

https://pbs.twimg.co...ng&name=900x900

https://pbs.twimg.co...ng&name=900x900

coming out of this big base  the market has alot of stored energy . and one count says we may be approaching 30f3  which should see price mark up. my experience w/commodities, and i throw gold in that class, says 5s are the biggest price mark ups.  eventually this market will work into a frenzy.  and then we see what form of government we get.

miners are strong here gaining ground the precious

dharma

seemed like time for a new thread!

Thanks dharma for maintaining this thread - I have us now completing Wave b of 2 of 3 of 3 or C (basis $XAU), FWIW

 

http://schrts.co/ehYUbRkG

 

stubaby thanks for keeping us updated w/your perspective.  i have this window till october 2 which makes your count very viable

after october 2nd the coast is clear for a surge.  chartist 5k is a little bold for 3 months?! at least for what i see. however, there are now mahy fundamental reasons for owning gold . and the argument gold doesnt pay any interest is invalid , neither does anything else. and everything else is a debt obligation. gold owes nobody anything .it is intrinsic value.

dharma



#8 ryanoo

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Posted 23 September 2019 - 02:49 PM

this monthly chart, cup and handle? or reverse h&s -one large one from 2013 and a smaller one from mid 2016 -- seems very bullish for gdx, should reach the ATH at 63 once the resistance at 30 is cleared.

https://stockcharts....1992897/tenpp/2  -- the third chart


Edited by ryanoo, 23 September 2019 - 02:50 PM.


#9 senorBS

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Posted 23 September 2019 - 03:18 PM

helluva session, lookin at the gold to miner ratio charts and IMO we are right now at impt resistance areas coming off possible large wave 2 lows, if we can get above this resistance the ratios could launch in large wave 3's and would imply if correct that miners are ready to go full on en fuego, fun stuff

 

Senor



#10 AChartist

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Posted 23 September 2019 - 05:24 PM

You would think that all insurance companies, pensions etc have to own if they had any hope of survival,

sure they were threatened not too, everything chances, called the rule of law.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan