859 replies to this topic

[dharma]

the present money supply growth is unprecedented http://cdn.ceo.ca.s3...1f8sh85-M-2.png

 

call this qe 4 also unprecedented

https://pbs.twimg.co...=png&name=small

got gold

dharma

[senorBS]

the present money supply growth is unprecedented http://cdn.ceo.ca.s3...1f8sh85-M-2.png

 

call this qe 4 also unprecedented

https://pbs.twimg.co...=png&name=small

got gold

dharma

and in that light of massive money supply growth take a look at the mass liquidation and positioning of "funds" in commodities the past several weeks - blows out what happened in 2008/2009, seems like a time to be accumulating those commodities

 

https://www.investor...sg&mid=20533831

[K Wave]

Gold liking the Fed again this AM.

 

GDX finally popped the wedgie.

 

As long as it continues to hold above, bulls still good.

A close above 28 would likely be really good.

 

But....if this opening move somehow reverses, that would not be good...

[K Wave]

Newmont Mining fresh milti-year highs after a vicious shake out..

 

Can you say relative strength?

 

Barrick not far way....

 

NG new highs as well

Edited by K Wave, 09 April 2020 - 09:00 AM.

[Russ]

Gold looks to be stalling out here, with momentum waning... 

[dharma]

dalio coinedl "cash is trash" if you doubt that , then listen to jay mugabe today

we are following japan and the fed will be buyers of all us bonds

gold is strong gdxj finally confirmed the h&s bottoming pattern,yes volume is light, volume comes in as the move progress

folks gain confidence w/higher prices. todays move ended accumulation. now its just waiting for more and more confirmations

unfortunately no one is allowed to fail.  it actually strengthens the systems when the zombies are allowed to fail and we move on

the same failed policies are rewarded and allowed to continue   silver up a larger % to gold and that is what needs to be seen in a 

real pm bull market.  

money printing [= pm friendly.   its the last resort . its all they have left to do the system is stretched to the max

i have participated in 2 previous bulls the one of the 70s i entered in 78 and 99or 01 -11  the gains in the miners was awesome colossal  patience.  the light bulbs are going on  as powell speaks

dharma 

[dougie]

wow talk about an intersting juncture for GDX

[senorBS]

wow talk about an intersting juncture for GDX

yeah, clearly looks to me that since the Mar 16 low near 16 basis daily charts is was i/ii, i/ii and we are now entering wave iii of 3. One can "try" to say maybe a double zig is ending but good luck with that, also nice to see a strong close for a change

 

Senor

[dougie]

agreed Senor: bullish slant here.. but these wiley Coyotes are tricksters ... tell me when silver takes out 16.50 or so

[Russ]

5 waves up with divergence on the momentum oscillator at the top...