1289 replies to this topic

[gannman]

yes the fed is trapped and the world is trapped. stimulus will be the world of the day around the world

 

we might hit a short term top soon here dont know for sure but new all time highs in gld this year would 

 

not surprise me at all fwiw

[K Wave]

Back to 3 handle on GDX...fresh highs for the year

[K Wave]

let's see if we get a back test of 43 on GDXJ....

Assuming it happens, and it holds, and re-launches from there, then bulls are likely in very good shape...

[senorBS]

KL gettin hit hard again after earnings, sometimes one wonders what the market "wants" to see. I added at 35 as I think this a daily 4/5 (of a final "c") from the secondary high near 45, daily RSI divergence vs 35.41 low occurring (at very oversold levels) and hourly might need one more new low below 34.75 early session low. Got another order in sub 34.75, as always DYODD!

 

Senor

[senorBS]

 

ism out this morning =48.1 folks manufacturing is indicating recession

the fed is trapped. they can check out but never leave. yes they are in hotel california  https://www.youtube....h?v=LarEzo6F4Dc

 usual morning beat down , meeting buyers. the sector is under accumulation.   the fed is an engine of inflation . and to some that is now apparent

i have said that the march/may correction would be matched by the sept4 -present correction.  https://pbs.twimg.co...A1MWkAAZvG2.png

yes, i see there could be one more down, so i am using weakness to buy issues /indexes that i like . i am fully loaded right now

today, jupiter moves into capricorn. this will be felt in the markets. i look for stocks to get into correction mode. all the printing is not going to help right now. the reaction of what the fed will do will not be lost on gold

its time

 

"folks manufacturing is indicating recession"

dharma

 

Interest rates as well. 3 month treasury rates higher yield than 10 year treasury.

https://www.cnbc.com/us-markets/

 

 

and yields are collapsing, got gold?

 

Senor

[K Wave]

Ideally PL will hold this back test of 980-985 area....

 

Failure to do that could be a possible warning sign...

[Russ]

Uncle Marty's latest.... The election of the Yearly Bullish Reversal in gold at the end of 2019 was a warning that we are facing this Monetary Crisis Cycle and we see the Euro dropping like a stone. The old scenario that the dollar must crash to see gold breakout is turning into a bedtime story for children. As I have warned many times, when the real crisis is upon us externally outside the USA, then gold would rise with the stock market and the US dollar. This is all about capital flows.

There is definitely a major shift among generations that does not speak well for gold long-term The older generations see gold as a safe haven but not the younger generations in India and China are still buying gold, but to a lesser extent than their parents. That is more of a hedge against their local currencies.

Even BitCoin was scheduled for a rally into February and it has yet to test the Downtrend Line. Here too, March remains as a Directional Change. As far as Blockchain is concerned, I do not think that is the issue. The pitch that was coming from the IMF under Legarde was that countries should create their own cryptocurrency and then she implied that they would effectively outlaw private cryptocurrencies. I believe, based upon reliable sources, that governments have stood-by to observe if the public would embrace electronic currencies. Once they became acceptable, then they would end paper money and private cryptocurrencies and force all money into their version where they could get 100% of the taxes they ever dreamed of. They will also use terrorism as a justification.

As far as looking at gold or anything in terms of currencies has never been a common trend. Nevertheless, it is critical to see the overall trend. I have stated MANY MANY MANY times that my definition of a REAL Bull Market is something that rises in ALL currencies. This is what gold has been doing since the Pi target on the ECM and once it elected the Monthly Bullish Reversal at 1362.50. We can see that in terms of Euros, gold broke out to the upside well in advance of its movement in dollars.

On the Pro Version of Socrates, you get the arrays for those who are more traders. There you can see the key days, weeks, and months. The goldbugs tend to keep preaching the very same scenario today that they did in 1975. Everything must crash and only gold survives. That is just not plausible. They tend to get a fresh crop of people to burn in an endless cycle. True, they are getting all emotional and are judging the entire next 10 years all because gold just exceeded $1600. How quickly they forget that every market oscillates up and down.

The Repo Crisis is a major liquidity crisis that reflects the collapse in confidence impacting Europe and Japan in particular. This is the precursor to the Monetary Crisis Cycle and the Mother of All Financial Crisis which is on the horizon.  https://www.armstron...yptocurrencies/

[Russ]

Interesting that gold started moving up in all the main currencies on the pi cycle date in January. MA has also stated that the coming debt crisis will start in Europe and this chart shows that Gold in Euros broke above the 2011 high on the pi cycle which is very important and implies that gold and this crisis will be unfolding especially on this leg of the pi cycle into 2024 but of course the big date -the 309.6 year pi cycle will be in 2032.95 which is when he expects the west and socialism to collapse. 

[dharma]

well as socialism is collapsing in europe, our own socialist is racing to the democratic nomination. promise the people everything and get elected  at what expense this is put into practice is another whole story

my observation is the younger generation is hyped about bit ,i have done some studying of bit, so i have some knowledge, but as for portability it is super effective .   just looking at intrinsic value is not at all the story.   i havent lived in india since 97so my experience there is outdated. i dont know what the young people  are thinking! w/all that said . central banks (cbs) hold gold . that is the bottom line for me  they, the cbs are planning on surviving , if they have gold then what should i hold?

folks this financial crises, is just getting started . but it has definitely started. banks are not trusting each other, that is what the spike in repo rates is saying the fed is printing and printing and printing. they stand ready to accommodate.  my guess is we see a rate cut in june/sept which is quite bullish for go   ld  we are going to have stagflation.  printing by the cbs worldwide ensures there will be more fiat and it will chase fewer and fewer real stuff.  bull markets are a process , slowly slowly confidence is built in the sector and then magically the light bulb goes on and voila we are in the parabolic . we hit my gann resistance for gold, which is where my work is , lead dog.2020 is the transitional year. i am not w/hadiks ABC   i believe he is all wet.  we are approaching another short term top.   i love how gold worked all the resistance points in the 1500s , some of which will be revisited . its a process

dharma

[senorBS]

KL gettin hit hard again after earnings, sometimes one wonders what the market "wants" to see. I added at 35 as I think this a daily 4/5 (of a final "c") from the secondary high near 45, daily RSI divergence vs 35.41 low occurring (at very oversold levels) and hourly might need one more new low below 34.75 early session low. Got another order in sub 34.75, as always DYODD!

 

Senor

THAT "MIGHT" HAVE BEEN THE LAST 4/5 HOURLY SUBDIVISION IN KL, EXTREMELY OVERSOLD WITH DIVERGENCES, WE SEE

 

Senor