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the equinox marks the turn in the pm sector "a new leg higher"


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#1461 K Wave

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Posted 21 October 2021 - 07:32 AM

They are milking the drama out of the wedge for all its worth...

 

Gold AUD, GBP, USD still looking a bit more bearish than bullish, while Gold Euro still looking a bit more bullish than bearish...

 

Once they get in sync, we should get our big move...

 

A $20 move in either direction can decide this now on all those currencies...

 

Action in Miners still suggesting that the break should come to upside....but until it actually does that...........


Edited by K Wave, 21 October 2021 - 07:33 AM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1462 Russ

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Posted 21 October 2021 - 08:51 AM

that would be great Russ. gdxj has fib resistance at 45.31 fwiw

Yes it would be great for gold but it also means lots of trouble for society. As MA said, Gold goes up when there is a loss of confidence in governments. We can expect surging inflation, political corruption, civil unrest and problems with debt probably. 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"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



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#1463 gannman

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Posted 21 October 2021 - 09:33 AM

there would certainly be major changes no doubt about that


feeling mellow with the yellow metal


#1464 JGUITARSLIM

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Posted 21 October 2021 - 09:37 AM

that would be great Russ. gdxj has fib resistance at 45.31 fwiw

We can expect surging inflation, political corruption, civil unrest and problems with debt probably. 

Kinda like now :)

#1465 gannman

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Posted 21 October 2021 - 09:44 AM

in gdxj i like the trading from 9 3 21 until now we retraced the entire drop which is bullish 


feeling mellow with the yellow metal


#1466 Smithy

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Posted 21 October 2021 - 10:22 AM

Kwave, why would rising Japanese T bond yields tip Japan into hyperinflation?  Thanks...



#1467 K Wave

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Posted 21 October 2021 - 10:39 AM

Think of every hyperinflation scenario you have ever seen in our lifetimes...

 

They raise rates....but instead of supporting the currency as would be expected, the currency continues to deteriorate....

 

That is the end game I am expecting for Japan...looking like we may be in 1st inning...

 

As as Mr. Burry has noted, it can come fast once it starts....

 

I expect the Japanese unwind to take years, but certainly possible for rapid rupture from THAT insanity....


Edited by K Wave, 21 October 2021 - 10:39 AM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1468 dharma

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Posted 21 October 2021 - 10:48 AM

  the system is corrupt.  it is blatant.  i wonder what the correlation is between todays nasdaq and sp to the pre 2000 crash  to me they look eeeerillly  similar

we cant be positive but it is looking very encouraging that the C wave has finally put in a bottom.   i  believe we are still in the gestation period of hyperinflation.  once its over things move at lightning speed.  one can never do enough, but getting ones house in order is critical. there are going to be disruptions of everything. the chaos is what the socialists want  so the populace will run to them for safety.   it seems to work well.  

i believe there will be an event next year which causes them to print like never before and then things take shape really quickly.   in all of this there is no fever like gold fever, from here we can put any price we can imagine on the yellow metal. its better to wait and see what takes shape.  the populace will lose faith in everything.  it will take some time before the cycle begins all over again.  but the metals will have their day.  about 6700 roughly is the # if gold does what it did in the 70s bull.

for now we have to contend w/is the C wave over????  

dharma

we are in a very cheap undervalued asset  that is yet to have its frenzy

patience



#1469 K Wave

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Posted 21 October 2021 - 10:53 AM

https://www.zerohedg...ive-days-report

 

Finally...the public can start to wake up to what has been known, but suppressed by MSM


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1470 K Wave

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Posted 21 October 2021 - 10:55 AM

  the system is corrupt.  it is blatant.  i wonder what the correlation is between todays nasdaq and sp to the pre 2000 crash  to me they look eeeerillly  similar

we cant be positive but it is looking very encouraging that the C wave has finally put in a bottom.   i  believe we are still in the gestation period of hyperinflation.  once its over things move at lightning speed.  one can never do enough, but getting ones house in order is critical. there are going to be disruptions of everything. the chaos is what the socialists want  so the populace will run to them for safety.   it seems to work well.  

i believe there will be an event next year which causes them to print like never before and then things take shape really quickly.   in all of this there is no fever like gold fever, from here we can put any price we can imagine on the yellow metal. its better to wait and see what takes shape.  the populace will lose faith in everything.  it will take some time before the cycle begins all over again.  but the metals will have their day.  about 6700 roughly is the # if gold does what it did in the 70s bull.

for now we have to contend w/is the C wave over????  

dharma

we are in a very cheap undervalued asset  that is yet to have its frenzy

patience

I am thinking Silver goes 5X or more over the previous all time high when all is said and done...

 

Once 50 gets broken, things can start to get crazy....

 

But we have to take out 28 first!


Edited by K Wave, 21 October 2021 - 10:56 AM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy