interesting GLD & GDX charts
https://www.sunshine...874eaeea9c0.png
https://www.sunshine...d83c8409ccc.png
from this post
Posted 03 June 2020 - 12:07 PM
interesting GLD & GDX charts
https://www.sunshine...874eaeea9c0.png
https://www.sunshine...d83c8409ccc.png
from this post
Posted 03 June 2020 - 01:05 PM
dharma the broad market is looking at M2 lol
Posted 03 June 2020 - 02:07 PM
dharma the broad market is looking at M2 lol
that statement has alot of truth in it. Zweig " dont fight the fed" this is going to end very badly. i am trying to gauge how
severe the correction will be in the pms. i have put some stink bids , which i may change one way or the other still think
this could be worse then at present
dharma
Posted 03 June 2020 - 03:21 PM
No, it should be the bottom, the top came in already, the oscillator pointed at June 1st for the top and after that the price of gold started to plunge. It is also interesting that my SP500 chart is pointing at a top for mid June just when Gold is pointing at a low. The SPX chart predicted the crash low (within about 1 week) last December btw.
Russ, the VIX guy agrees with you:
"The VIX guy is back Frequent readers of TME know our top contrarian indicator when it comes to volatility is back. Having spent several months "off side" he called us today outlining the bullish logic...."Fed has this under control and VIX should collapse from here" is his latest reasoning..."just look at Emerging markets...risky assets must go higher and risk premium lower". Needless to say this guy has had the perfect track record, the inverted way. We are getting close to "time to accumulate" hedges."
https://tme1.fra1.di...89ccef233fd47b2
Edited by ryanoo, 03 June 2020 - 03:23 PM.
Posted 03 June 2020 - 03:36 PM
Was HUI a breakout failure or was it no breakout yet? me think the latter.
The neg div on the weekly says it will bottom at around 225.
Posted 03 June 2020 - 04:27 PM
No, it should be the bottom, the top came in already, the oscillator pointed at June 1st for the top and after that the price of gold started to plunge. It is also interesting that my SP500 chart is pointing at a top for mid June just when Gold is pointing at a low. The SPX chart predicted the crash low (within about 1 week) last December btw.
Russ, the VIX guy agrees with you:
"The VIX guy is back Frequent readers of TME know our top contrarian indicator when it comes to volatility is back. Having spent several months "off side" he called us today outlining the bullish logic...."Fed has this under control and VIX should collapse from here" is his latest reasoning..."just look at Emerging markets...risky assets must go higher and risk premium lower". Needless to say this guy has had the perfect track record, the inverted way. We are getting close to "time to accumulate" hedges."
https://tme1.fra1.di...89ccef233fd47b2
Are you saying he is predicting the SP500 is headed back down, hedges meaning puts or shorts on the general stock market?
Posted 03 June 2020 - 04:44 PM
No, it should be the bottom, the top came in already, the oscillator pointed at June 1st for the top and after that the price of gold started to plunge. It is also interesting that my SP500 chart is pointing at a top for mid June just when Gold is pointing at a low. The SPX chart predicted the crash low (within about 1 week) last December btw.
Russ, the VIX guy agrees with you:
"The VIX guy is back Frequent readers of TME know our top contrarian indicator when it comes to volatility is back. Having spent several months "off side" he called us today outlining the bullish logic...."Fed has this under control and VIX should collapse from here" is his latest reasoning..."just look at Emerging markets...risky assets must go higher and risk premium lower". Needless to say this guy has had the perfect track record, the inverted way. We are getting close to "time to accumulate" hedges."
https://tme1.fra1.di...89ccef233fd47b2
Are you saying he is predicting the SP500 is headed back down, hedges meaning puts or shorts on the general stock market?
He (the Vix guy) is predicting SP500 will go higher, and he seems to be a reliable contrarian indicator whenever he wakes up and calls the market. lol
Edited by ryanoo, 03 June 2020 - 04:45 PM.
Posted 03 June 2020 - 04:47 PM
US Dollar Index looks headed for a big low in Oct. 2020, so that should mean gold will go up into that time after some weakness into mid june...
Posted 03 June 2020 - 04:50 PM
No, it should be the bottom, the top came in already, the oscillator pointed at June 1st for the top and after that the price of gold started to plunge. It is also interesting that my SP500 chart is pointing at a top for mid June just when Gold is pointing at a low. The SPX chart predicted the crash low (within about 1 week) last December btw.
Russ, the VIX guy agrees with you:
"The VIX guy is back Frequent readers of TME know our top contrarian indicator when it comes to volatility is back. Having spent several months "off side" he called us today outlining the bullish logic...."Fed has this under control and VIX should collapse from here" is his latest reasoning..."just look at Emerging markets...risky assets must go higher and risk premium lower". Needless to say this guy has had the perfect track record, the inverted way. We are getting close to "time to accumulate" hedges."
https://tme1.fra1.di...89ccef233fd47b2
Are you saying he is predicting the SP500 is headed back down, hedges meaning puts or shorts on the general stock market?
He (the Vix guy) is predicting SP500 will go higher, and he seems to be a reliable contrarian indicator whenever he wakes up and calls the market. lol
Ok thanks, Don Wolanchuk (aka da_cheif) is also remaining bullish and looking for new high in the dow down the road. I see weakness after mid june for the spx as I said but Wolanchuk could be right going farther out, I don't have a projection for long term spx etc, back to the drawing board.
Posted 03 June 2020 - 07:04 PM
I use Rydex PM fund in the retirement account -- it's only daily closing basis. It looks like the H&S breakdown with target at 50MA. Perhaps it will get there end of next week or early the week after per Russ's projected low point?
Edited by ryanoo, 03 June 2020 - 07:04 PM.