Thanks dharma for maintaining this thread - I have us now completing Wave b of 2 of 3 of 3 or C (basis $XAU), FWIW
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
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
seemed like time for a new thread!
Stu: we could be in B up of a larger A. Timewise tht seems to work better