for me we are in nomans land , between the last cycle 1933 and the start of the next higher price cycle 1954 . the flag or pennant patterns look good. but the market so far is unable to get the thrusters going. in any direction. all the while there is a squeeze in palladium and platinum is also benefiting and as i pointed out yesterday gold deliveries on the comex are rising for this month. will england keep supplying gold to comex???? i am not trading here. i will just sit no matter which way we break, could be 100 break down or could be a 400 break to the upside. the market is waiting for a new catalyst. meanwhile all the debt forgiveness is going to put enormous pressure on the banks. and negative and 0 rates will put upside pressure on gold. aristotle a trend in motion will continue until it actually stops. this trend is still young. i believe we are in 4of 3 w/wave 5 to go. my portfolio sits near alltime highs, in fact yesterday it made all time highs. i took very aggressive positions. no leverage as such but high beta stocks
dharma
yesterday novo closed on the mill. and the ceo says they are starting production in the 1st quarter. if a mine cant make money @gold 2k they should not be in business1
