i am thinking gld is heading for about 172 and the hui for about 310
just my guesstimate
Posted 04 June 2020 - 07:42 AM
i am thinking gld is heading for about 172 and the hui for about 310
just my guesstimate
Posted 04 June 2020 - 10:22 AM
dsi
gold=62
silver =77
plat =68
crude=80
food in general has the lowest dsi coffee=19
i still think this correction may have more to go. if not good call gannman. based on the planets between now and sept 18 i see a significant pull back in the broad market . i am in the camp that sees new highs. in weimar stocks made new highs right before the inflation became horrendous, then they too collapsed
whenever and wherever this low occurs in the pms , the next leg into october will be impressive. did some light buying
dharma
Posted 04 June 2020 - 10:24 AM
PL held 30 min 900 at 845.....that is now a must hold.
IF it can now climb back over 880 and flip 4 hour back up, then bears might finally give up the fight...
Crucial hours ahead for PL.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 04 June 2020 - 11:45 AM
now i think the hui has bottomed fwiw
Posted 04 June 2020 - 01:03 PM
This is an amazing statement that MA made.... "The European and Japanese Governments will have little choice moving forward for they have destroyed their bond markets and are UNABLE to issue bonds that institutions will buy at these crazy rates. It is more than a simplistic printing of money. We are looking at the bond market is collapsing. This is the DESTRUCTION of Capital Formation so in the end, capital must flee anything connected with governments and seek shelter in primarily the stock markets.
So far, we are into a 3-month reactionary bounce with the NASDAQ taking the lead and the Dow lagging. This is very disquieting for it warns we are going to see much higher volatility into the next two years perhaps more so than anyone has ever witnessed in their life or for the past 300 years."
Posted Today, 10:25 AM
Armstrong is saying that even the NASDAQ can swing all the way back down to retest the March lows. That would be truly unprecented as most seem to be sold on the V bottom and new bull.
Edited by Russ, 04 June 2020 - 01:06 PM.
Posted 04 June 2020 - 02:24 PM
now i think the hui has bottomed fwiw
you don't think the h&s pattern will complete? today seems similar to mar 10th in price (backtest of prev support) and rsi, difference is in march it was below 50MA today just above it. maybe it will provide some support but it could be a consolidation and backtest too. will see.
Posted 04 June 2020 - 02:32 PM
amigo, i am looking at the astrology and saying there is no way we get to the end of september w/o a meaningful takedown in
the broad market and qqq the lows in the qs occurred 3/23 while the lows in momo occurred the end of february. . now i understand insane amounts of money were created and thrown at the poster boy . but its easy to see that certain sectors did much better than other sectors. . i am looking for a pullback and what little amo i am willing to commit i am waiting to see if gold gets sucked down w/it ala 08 when the financial fiasco hit the market gold got sucked down to 680 .
what s interesting to me in the pm sector is it seems day in and day out silver gains ground on gold. miners continue to hoover around the highs for my account . so , i have no complaints. i added to white gold . i saw what shawn ryan was doing way back when, and now sprott, , aem, and kgc took seats at the table. i like the jurisdiction and we will see who ultimately manages the property i read that piece ryanoo referred to by dalio. i love that kind of stuff. 500 yrs of economic history . i read everything i can by ray . this chart tells the whole story . https://media-exp1.l...YclRuO4nLYf7urI ryanoo posted it
dharma
ray dalio posted the next parts ...
https://www.linkedin...shell-ray-dalio
https://www.linkedin...-debt-ray-dalio
https://www.linkedin...money-ray-dalio
Posted 04 June 2020 - 05:48 PM
Thanks Ryanoo. I'm wondering where I can obtain hard copies.
Posted 04 June 2020 - 07:18 PM
Thanks Ryanoo. I'm wondering where I can obtain hard copies.
I got those links from here
https://lonestarwhit...-and-where.html
Printed book may be from here (B&N) ?
https://books.google...ook_description
ebook
https://www.amazon.c...k/dp/B07GLBHM48
1hr presentation at YLS
How The Economic Machine Works 30min3-min NPR
https://www.npr.org/...C-v4Ft93NjlAovY
Posted 04 June 2020 - 07:38 PM
gold will make new forever highs before this year 2020 is over
riots, looting, protests, and vurfews are not conditions that are conducive to business. i dont know what the borad market is
looking at . i am looking at this correction in gold as a gift. its buying insurance before the storm hits. pertinent questions are
how will the government be able to finance itself? folks in this country earn in dollars. they save in dollars. well the dollar has
just been printed . so there are more dollars chasing fewer goods. its time to change the thought process of the past
its golds time
dharma
DBA finally closed its 50-day MA for the first time since Jan, been hovering below there for weeks, lets see if its a real breakout or a fakeout
Senor