1289 replies to this topic

[K Wave]

Here's the hourly look at GDX.

 

If 28.60 fails to hold now, then it opens the door to the whole hourly bull structure failing and starting to roll back over.

 

But above the 27th spike, and thrusters likely light up in earnest.

 

Still holding long and strong, but bulls need to make their move soon, or will be going back to the sideline for a bit.

 

I think we are just about at decision time for next big swing move...

 

Edited by K Wave, 30 January 2020 - 11:40 AM.

[linrom1]

Silver miners are ignoring price action again. They are laggards but will eventually follow price towards the end of day.

[linrom1]

One problem that I have with SLV is that it tracks price of a manipulated commodity. What if one large player drives price low and then submits orders for hundreds of thousands of shares of SLV? Does the trust then just prints more shares?

[dharma]

tough to get this board to work!!!!

87 dsi today

some pictures

this map shows the countries that bought gold last year 5billion people  in the east vs 1 billion in the west https://pbs.twimg.co...=jpg&name=large

now some folks think the dollar is as good as gold so their local fiat is in trouble  they buy dollars  giving the illusion the dollar is the place to be.  https://pbs.twimg.co...jpg&name=medium   this according to marty is why the dollar will crash and burn the strength in the dollar  will cause major problems for the currency

silver https://gracelandupd...jan30queen1.jpg

dow vs gdx https://gracelandupd...30pathetic1.png

i am bidding on stuff i think is cheap

dharma

Edited by dharma, 30 January 2020 - 11:53 AM.

[linrom1]

tough to get this board to work!!!!

87 dsi today

some pictures

this map shows the countries that bought gold last year 5billion people  in the east vs 1 billion in the west https://pbs.twimg.co...=jpg&name=large

now some folks think the dollar is as good as gold so their local fiat is in trouble  they buy dollars  giving the illusion the dollar is the place to be.  https://pbs.twimg.co...jpg&name=medium   this according to marty is why the dollar will crash and burn the strength in the dollar  will cause major problems for the currency

silver https://gracelandupd...jan30queen1.jpg

dow vs gdx https://gracelandupd...30pathetic1.png

i am bidding on stuff i think is cheap

dharma

i think that Armstrong is saying that US market and dollar will outperform gold in the intermediate future, but if you don't hold dollars and your assets are denominated in non-dollars then buy gold. That's why he was clarifying what Dalio was saying.
 

Edited by linrom1, 30 January 2020 - 12:30 PM.

[Russ]

why the divergence in Silver here though? not typically bullish that

Not so weak today, looks like a bull flag about to break out after an abc.... 

[K Wave]

Rumors that surfaced in recent days have been confirmed:

The CDC said Thursday afternoon they have confirmed human-to-human transmission of the coronavirus in Chicago.

 

From reading the Lancet study they put out on the first 99 patients, it looks like this mainly kills older folks with already compromised immune systems.....but who knows what mutations might bring.

In any event, this thing far outpacing SARS at this point. Let's hope it does not get a real foothold here.

Edited by K Wave, 30 January 2020 - 02:01 PM.

[ryanoo]

The secondary transmission is clear.  In another country, a person in his 50s who never visited China had lunch with one guy from Wuhan who had no symptoms (who was confirmed with virus shortly after) and got confirmed. nCoV is contagious while still incubating, but SARS was not known to transmit before showing symptoms first. China's economy will get hit big time.  Factories shut down, people shunning the country, ... They should have banned wild animals out of market place after SARS.  Just have to scratch your head, why in the world did they allow wild animals again after SARS?  If they don't learn from nCoV yet again, then they are hopeless.  Top-down one-man autocrat country, the gov people don't do anything until told by Xi. 

[K Wave]

This link has a chart that shows much more rapidly this one is ramping up vs SARS.

 

Blue line was drawn yesterday, and already at the top of the yellow SARS line today...could easily be over 100,000 cases in a week to 10 days if geometric growth rate does slow down very soon...

 

https://www.business...make-it-an-app/

[Russ]

This link has a chart that shows much more rapidly this one is ramping up vs SARS.

 

Blue line was drawn yesterday, and already at the top of the yellow SARS line today...could easily be over 100,000 cases in a week to 10 days if geometric growth rate does slow down very soon...

 

https://www.business...make-it-an-app/

"There is clearly a potential for a pandemic in this case of the yet unnamed 2019-nCoV which merits heightened concern.  At the time of writing this post, there is still less than 7,000 cases.  If the people infected in turn infect 2 to 4 others, compared to the normal flu which is about 1.4 infections, then the 6,000 could reach 200,000 within a couple of weeks. The total amount of infections under SARS was only 8,098 across the globe back in 2003.  Therefore, given this version of a coronavirus has a faster infection rate, a pandemic appears likely. The question is our model is pointing to 2022. This virus has already begun to mutate. Does this imply it will mutate and continue into 2022 or will there be yet something else coming our way?" https://www.armstron...avirus-the-ecm/