thanks for those numbers ryanoo. we are setting up good here imo
3of 3 front and center
#1161
Posted 28 September 2020 - 01:27 AM
#1162
Posted 28 September 2020 - 06:05 AM
Hey Russ.
Any chance you see one to TWO years down for the gold price and mining sector in a deflationary meltdown ?
Armstrong stance is right now I believe equities go down into 2022 in a deflationary meltdown. (US dollar up)
An if we look at the yearly candlestick DXY chart we see that dollar could be poised for a cup and handle breakout north, possibly for TWO years. Comments ?
Monthly gold chart not looking bullish at all, that huge up candle in July can slide right down again.
yep 1780 area is a reasonable target seems like too easy
The futures gold daily chart's channel is showing even down into the 1500's is 'possible' by late Nov. but 1700's is highly likely, markets tend to go farther than expect both on the upside and downside. If Trump wins again that could be the catalyst to drive gold down. The computer drew the main trendline and I confirmed it on several time frames, so I think this is quite likely to be correct.
This is what is showing, I reserve the right to be wrong but this is what is showing now.... Dollar index high Nov 2020, Low March 2021, high Jul 2024, Low Dec 2026. Gold: Low Nov. 2020, High Oct 2022, huge low Oct. 2056. (some of us could be alive in 2056 if Dr. David Sinclair is right about possible life extension and age reversal DNA technologies happen) If you look at the monthly candle for gold in August it looks quite bearish too. BTW.... I heard Mark Leibovit on the radio and he is looking for gold to drop another 100 dollars over the next few weeks.
Edited by Russ, 28 September 2020 - 06:12 AM.
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#1163
Posted 28 September 2020 - 06:32 AM
gld has not retraced .38 neither has gdx
slv has retraced .42 . wave wise it looks like
we are in a c of an abc we did waves1 and 3
and are either in a wave 4 of c or in a 5 of c
slv could possibly go as low as 19 which would be the
50 per cent retrace. my take fwiw . all looks fine to me
we will see
#1164
Posted 28 September 2020 - 08:30 AM
Golden week coming up in China on Oct 1-7. Zerohedge published a study last year that showed that price of gold is negatively correlated, meaning it goes down.
#1165
Posted 28 September 2020 - 09:08 AM
well either everyone gets the dsi , or no one wanted it so for this board no need to post it
interesting view on markets. here on this board. i love markets. for some being right is more important than making money
dharma
#1166
Posted 28 September 2020 - 09:34 AM
some golden week charts https://pbs.twimg.co...=jpg&name=large
silver linrom where did you get your information. was it leibovit?
this is what silver does. its very volatile https://pbs.twimg.co...=jpg&name=large
groping for a low. https://pbs.twimg.co...=png&name=large
dharma
the commercials closed 20k shorts and added 7 k longs. as usual the hedge funds did the opposite of the commercials. and the authorities are slowly catching on as jpm was fined 1billion last week
Edited by dharma, 28 September 2020 - 09:39 AM.
#1167
Posted 28 September 2020 - 09:41 AM
well either everyone gets the dsi , or no one wanted it so for this board no need to post it
interesting view on markets. here on this board. i love markets. for some being right is more important than making money
dharma
I think 3 or 4 of us responded to your DSI offer - I for one would greatly appreciate your continuing to post it when possible!
#1168
Posted 28 September 2020 - 09:56 AM
Dharma
As usual -Please keep posting DSI Numbers. We appreciate your efforts.
Thanks.
#1169
Posted 28 September 2020 - 10:19 AM
some golden week charts https://pbs.twimg.co...=jpg&name=large
silver linrom where did you get your information. was it leibovit?
this is what silver does. its very volatile https://pbs.twimg.co...=jpg&name=large
groping for a low. https://pbs.twimg.co...=png&name=large
dharma
the commercials closed 20k shorts and added 7 k longs. as usual the hedge funds did the opposite of the commercials. and the authorities are slowly catching on as jpm was fined 1billion last week
https://www.zerohedg...den-week-begins
Zerohedge cites Bloomberg for data.
Edited by linrom1, 28 September 2020 - 10:21 AM.
#1170
Posted 28 September 2020 - 10:29 AM
well either everyone gets the dsi , or no one wanted it so for this board no need to post it
interesting view on markets. here on this board. i love markets. for some being right is more important than making money
dharma
I think 3 or 4 of us responded to your DSI offer - I for one would greatly appreciate your continuing to post it when possible!
hi stu, somehow i completely missed that page. and i do think sentiment is a critical component of ta
gold dsi =23 now this is getting interesting
silver =31 dsi
this was the largest decline in gold/silver since march. so i dont know if the hourly chart divergences will produce more than a bounce. we got oversold on the daily. saturn goes direct on the 29 in a high % of cases saturn changing directions w/in 11 days of the change of direction , the markets change trends. i dont know if this being an election year has any effect on that. but the history is long and the results stand out. so we see
dharma