977 replies to this topic

[dougie]

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

Stu: we could be in B up of a larger A. Timewise tht seems to work better

[senorBS]

 

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

 

Stu, I agree with you that the rally from May low is a completed large wave, but what you label as Wave 1 I label as Wave 3 as the sloppy rally from late 2018 major bottom to the Feb high I label as a wave 1. We could make new daily and weekly highs across the board in GDX/XAU/HUI/GDXJ, complete a large 5 up from later 2018 lows, not take out the 2016 highs and have a very bullish count that does allow for a large wave 2 correction into later this yr. It could also be more bullish and the next leg up a 3 of 3 if we take out the highs. I see your count for a further correction but it is for now not my "preferred" count. We could also trace out a wave 4 contracting ti if this is a wave 4. In any case it will be fun

 

Senor

[stubaby]

 

 

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

 

Stu, I agree with you that the rally from May low is a completed large wave, but what you label as Wave 1 I label as Wave 3 as the sloppy rally from late 2018 major bottom to the Feb high I label as a wave 1. We could make new daily and weekly highs across the board in GDX/XAU/HUI/GDXJ, complete a large 5 up from later 2018 lows, not take out the 2016 highs and have a very bullish count that does allow for a large wave 2 correction into later this yr. It could also be more bullish and the next leg up a 3 of 3 if we take out the highs. I see your count for a further correction but it is for now not my "preferred" count. We could also trace out a wave 4 contracting ti if this is a wave 4. In any case it will be fun

 

Senor

 

I just can't "see" the Wave 3 as complete yet - I have relabeled for clarity my count - we are still in 3, IMHO

[opinionated]

As I posted yesterday,  I believe yesterday was the ST top...  VST but IF WE BREAK 1524 you better buckle up!

 

IMO it will be a 3 day swan dive

[dharma]

i like to keep stepping back . the money in a bull market is made by riding. if you are a skilled trader and can get in and out and back in then you are a rare breed. most of us are not that fleet of foot. the key is going to be to have a position where you dont lose sleep. 

there could be a liquidity event much like 08 where folks just raise cash and sell whatever they can i see it happening in october.

for the present unless this rally proves otherwise i see it as corrective the square 1521 is a magnet . i believe we have a day or 2 more of upside. then a C wave into the beginning of oct. then a rally , then an event. the result of that event will propel gold to my target around years end.   i agree w/senor the miners are going to catch a bid  i know i am a broken record, but i have to call it as i see it/ Miners are way under valued. institutions are going to come in here. and play at this table.   this big base since 11  can support a large up move.  if you read the posts there are bulls , punters. and folks scratching their heads, the dsi is reflecting that. 

dharma

https://pbs.twimg.co...=png&name=small worth keeping this picture in mind!

Edited by dharma, 24 September 2019 - 10:22 AM.

[dharma]

interesting perspective 1 minutes and change

https://www.kitco.co...ocket-50-higher

dharma

in 80 the ratio got to 1{1

https://gracelandupd...9sep24gold1.png

Edited by dharma, 24 September 2019 - 10:38 AM.

[jabat]

 

[ryanoo]

interesting perspective 1 minutes and change

https://www.kitco.co...ocket-50-higher

dharma

in 80 the ratio got to 1{1

https://gracelandupd...9sep24gold1.png

dharma, the LT monthly ratio chart has something in common to the LT DSI chart.

The stochastics of the monthly Dow/Gold never gets oversold (<20), and the gold dsi never reaches 97 (or higher) unless it's the bull market.  It's reinforcing the gold bull's conviction -- thx for the chart.

https://pbs.twimg.co..._s2WkAEQJ-G.png

[ryanoo]

As I posted yesterday,  I believe yesterday was the ST top...  VST but IF WE BREAK 1524 you better buckle up!

 

IMO it will be a 3 day swan dive

it looks like the swan dive started in the general market, which i think will continue for weeks.

and metals and miners will be the place to be 

[dougie]

As I posted yesterday,  I believe yesterday was the ST top...  VST but IF WE BREAK 1524 you better buckle up!
 
IMO it will be a 3 day swan dive

yesterday was the ST top in what?