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golds next leg higher


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#471 senorBS

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Posted 26 May 2020 - 09:47 AM

Looking for a "modest" correction here and the surprise may be that it's on the shorter and shallower side. Of impt note is that the CRB IMO has a beautiful daily 5 up from its April LONG TERM low below 105. Also a correction down to the 120 area could put in a classic right shoulder of a bottoming process as well as a wave 2. Got some VERY interesting things lining up here

 

Senor

Been trading KL in and out, added some back this morning (37.19) on a potential gap fill at 37.19 area from gap up on 4-22, also possibly finishing right shoulder at 37-38 area of a large daily H&S bottoming pattern. Also added some SILJ at 11.05, may add more if we work lower, as always DYODD



#472 senorBS

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Posted 26 May 2020 - 09:52 AM

dsi

gold=79

silver =84

platinum=75

crude =79  i am going to include crude, it is significant in many ways and moved in tandem in the 70s bull

thanks for the update senor, i am in dba w/a starter position. and watching. . would love to hear about your car deal i am going to 

get a new car.  so you said 20% below msrp  what make and model? thanks anything you want to share will be appreciated if you prefer privacy you can pm me

today is the new moon . so something new. barrick has not been given renewal on its lease on its new guinea mine , one of the best most prolific mines in the world . location of your mines is key. @ present i dont venture beyond, usa, canada , mexico , and australia. i expect nationalizations of all kinds of raw materials to take place. governments are going to be starved for revenue streams 

weak demand season.  i  will  not do anything at this time. rumblings on some european banks. there is a saying , "where there is 

smoke there is fire"

we are witnessing the destruction of fiat. no matter what color or how pretty,  the powers that be are debasing/

dharma

I live in area where it snows and we drive to ski area a bunch, so I bot a Subaru Outback for almost 20% off MSRP, dealers are dealing and with manufacturers coupons could not pass it up as I needed a newer vehicle. With Hertz bankuptrcy last Friday there may be some great deals on very recent vehicles as well. 

 

Senor



#473 dharma

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Posted 26 May 2020 - 10:27 AM

dsi

gold=79

silver=84

plat=81

crude=78

thanks smithy are you still working as a geologist.?

thanks senor, i would think car prices are going to go down , way down, there is going to be a huge overhang on the market. . when the economy opens up , there will be a new reality.those that would normally eat out will do so less frequently.  right now money velocity is non existent

i own whgof , today an analyst woke up to the fact that shawn ryan has a vast land holding and 1.8 million oz of gold i have followed him since he started staking land in the yukon some years back http://www.321gold.c...arty052520.html

we are in weak demand season and thus jello gold prices. the mid point of the venus retrograde is june 3-4 so i think  gold makes a low in that time frame and we bein an assault on higher #s

dharma

if you are wondering what roubini is thinking https://gracelandupd...ay26roubini.pdf

and

https://nymag.com/in...e=pocket-newtab

 welcome to the stagflation camp

one note the broad market topped in 29 it did not cross that high until 1954  ! this will not be a weekend adventure



#474 senorBS

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Posted 26 May 2020 - 10:36 AM

dsi

gold=79

silver=84

plat=81

crude=78

thanks smithy are you still working as a geologist.?

thanks senor, i would think car prices are going to go down , way down, there is going to be a huge overhang on the market. . when the economy opens up , there will be a new reality.those that would normally eat out will do so less frequently.  right now money velocity is non existent

i own whgof , today an analyst woke up to the fact that shawn ryan has a vast land holding and 1.8 million oz of gold i have followed him since he started staking land in the yukon some years back http://www.321gold.c...arty052520.html

we are in weak demand season and thus jello gold prices. the mid point of the venus retrograde is june 3-4 so i think  gold makes a low in that time frame and we bein an assault on higher #s

dharma

if you are wondering what roubini is thinking https://gracelandupd...ay26roubini.pdf

and

https://nymag.com/in...e=pocket-newtab

 welcome to the stagflation camp

one note the broad market topped in 29 it did not cross that high until 1954  ! this will not be a weekend adventure

for the first time I think in a few yrs I just bot a small short position in general mkt via spxs, today's big gap/move higher is either an ending exhaustion gap or we are right now in a large wave 3 higher headed possibly to new all-time highs. Interestingly QQQ's which have retraced most of the decline are weaker today, if we don't see a sharp reversal lower before the close I will exit quickly, this was a small position for me and sorta "just for fun", as always DYODD

 

Senor



#475 Smithy

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Posted 26 May 2020 - 10:57 AM

dharma, no, I left being a geologist a very long time ago, although I have worked in a number of mines all around Australia.



#476 dharma

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Posted 26 May 2020 - 11:23 AM

dharma, no, I left being a geologist a very long time ago, although I have worked in a number of mines all around Australia.

novo is my largest position.  i really think quentin hennigh is onto something.  any insights into their property?

fwiw, senor , i think we are beginning wave 3 of 5  all this money being created worldwide is going to find its way into the broad market .  but its going to have a horrible ending after new highs are attained. its the mirage

dharma

well this guy doesnt mince words pointing the finger of responsibility on china https://www.kitco.co...---Gordon-Chang



#477 ryanoo

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Posted 26 May 2020 - 02:38 PM

 

Chang is a former contributor at The Daily Beast.[14]

Chang often criticized South Korea's President Moon Jae-in's term. Chang criticized Moon Jae-in, calling him "dangerous," and said that Moon should be considered "North Korea's agent."[15] Chang also asserted that Moon Jae-in is "subverting freedom, democracy, and South Korea."[15]

During the COVID-19 pandemic, Chang praised the US for acting 'very, very quickly' in response to the epidemic.[16]

This guy Chang is a rightwing extremist and is a surrogate for the white house position.  

However bad China and WHO are with the Coronavirus, it is still each country's government's responsibility to prepare and prevent the harms of foreign origin. 

Countries that took the threat seriously and acted promptly were successful in limiting its effect: Taiwan, New Zealand, S.Korea, ...  Even Germany, which started late but really raised its effort in testing and contact tracing, was able to limit the number of deaths.

Like terrorism.  Virus is sort of like the invisible terrorist in terms of its effect. 

He is against democracy and is a pure trash.  Nobody should listen to this clueless extremist Gordon Chang.

 

 

When President Trump took office in 2017, his administration stopped work on new federal regulations that would have forced the health care industry to prepare for airborne infectious diseases like COVID-19, according to records reviewed by NPR.

-- Some regulations are important and save lives.

 

Ray Dalio's ARTICLE "The Big Cycles Over The Last 500 Years" is interesting

99279042_10214222983923467_1499693143996


Edited by ryanoo, 26 May 2020 - 02:44 PM.


#478 senorBS

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Posted 26 May 2020 - 02:55 PM

 

dsi

gold=79

silver=84

plat=81

crude=78

thanks smithy are you still working as a geologist.?

thanks senor, i would think car prices are going to go down , way down, there is going to be a huge overhang on the market. . when the economy opens up , there will be a new reality.those that would normally eat out will do so less frequently.  right now money velocity is non existent

i own whgof , today an analyst woke up to the fact that shawn ryan has a vast land holding and 1.8 million oz of gold i have followed him since he started staking land in the yukon some years back http://www.321gold.c...arty052520.html

we are in weak demand season and thus jello gold prices. the mid point of the venus retrograde is june 3-4 so i think  gold makes a low in that time frame and we bein an assault on higher #s

dharma

if you are wondering what roubini is thinking https://gracelandupd...ay26roubini.pdf

and

https://nymag.com/in...e=pocket-newtab

 welcome to the stagflation camp

one note the broad market topped in 29 it did not cross that high until 1954  ! this will not be a weekend adventure

for the first time I think in a few yrs I just bot a small short position in general mkt via spxs, today's big gap/move higher is either an ending exhaustion gap or we are right now in a large wave 3 higher headed possibly to new all-time highs. Interestingly QQQ's which have retraced most of the decline are weaker today, if we don't see a sharp reversal lower before the close I will exit quickly, this was a small position for me and sorta "just for fun", as always DYODD

 

Senor

 

Interesting after gapping up early to a new rally high since the March lows the QQQs are now negative from Friday's close, Hmmm exhaustion gap top? we see and I will hold my small short overnight. KL so far has bottomed right into that gap

 

Dharma, nice day in DBA, still like the daily charts having 5 up from low, abc down complete and perhaps now a wave 3 higher?

 

Senor


Edited by senorBS, 26 May 2020 - 03:01 PM.


#479 senorBS

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Posted 27 May 2020 - 09:02 AM

 

dsi

gold=79

silver=84

plat=81

crude=78

thanks smithy are you still working as a geologist.?

thanks senor, i would think car prices are going to go down , way down, there is going to be a huge overhang on the market. . when the economy opens up , there will be a new reality.those that would normally eat out will do so less frequently.  right now money velocity is non existent

i own whgof , today an analyst woke up to the fact that shawn ryan has a vast land holding and 1.8 million oz of gold i have followed him since he started staking land in the yukon some years back http://www.321gold.c...arty052520.html

we are in weak demand season and thus jello gold prices. the mid point of the venus retrograde is june 3-4 so i think  gold makes a low in that time frame and we bein an assault on higher #s

dharma

if you are wondering what roubini is thinking https://gracelandupd...ay26roubini.pdf

and

https://nymag.com/in...e=pocket-newtab

 welcome to the stagflation camp

one note the broad market topped in 29 it did not cross that high until 1954  ! this will not be a weekend adventure

for the first time I think in a few yrs I just bot a small short position in general mkt via spxs, today's big gap/move higher is either an ending exhaustion gap or we are right now in a large wave 3 higher headed possibly to new all-time highs. Interestingly QQQ's which have retraced most of the decline are weaker today, if we don't see a sharp reversal lower before the close I will exit quickly, this was a small position for me and sorta "just for fun", as always DYODD

 

Senor

 

very interesting gen mkt action, gap up in S&P and DJI to marginal new highs and now reversal lower, this happening while QQQs which vastly outperformed to upside from March lows rallied very little and have quickly resumed yesterday's decline - looks at least near term bearish to me. I added another smallish tranche of KL at 36.27 this morning, looks like we are correcting the entire 5-wave rally from the March low IMO and I will use further weakness to add selectively

 

Senor



#480 senorBS

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Posted 27 May 2020 - 09:54 AM

QQQ's now down 4.5%, Dow still positive but well off highs, I think volatility is starting to return and will increase

 

Senor