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Posted 17 May 2021 - 11:33 AM
druckenmiller sounding alarmshttps://www.youtube.com/watch?v=ScAeHsXIUqI one of the best investors in the last 30years
i like to keep the pulse of indias gold market https://gulfnews.com...1.1621145388771
so far so good. lets see how it closes
we have taken out the downtrend from the highs in august
stealth no excitement yet
dharma
Member
Posted 18 May 2021 - 10:38 AM
yes, we have breakout https://kingworldnew...-II-5182021.jpg
we are in the time frame for higher gold prices. this price cycle caused the 11 top so i am watching the #s to see how long consolidations take . 1873,1893 are the next resistance points , we hit 1873 and backed off i sold a portion of dba and i am on the buy. i expect to have company on the buy, so i am looking at the 50dma. inflation/stagflation is not a surprise. many folks are concerned including druckenmiller, gundlach etc. the dollars days are numbered. the debt will be inflated away. staying away from politics .
there are many juniors that are set to soar. political risk , ie nationalization is going to be a theme at some point going forward. its the advantage of juniors over seniors. i saw this to some extent in the 70s bull. that bull featured s/african miners which are , imo, a nightmare. by the way 1671 was just a couple of months ago
the waters are going to get very turbulent.
dharma
by the way , i posted in the vedic astrology thread down below, on the board main thread
Edited by dharma, 18 May 2021 - 10:40 AM.
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Posted 18 May 2021 - 01:17 PM
which metal will lead graddhys chart https://cdn-ceo-ca.s...MEKWUAU-EZ3.png sentiment #are still far from extreme. however it seems sometime w/in the next couple of weeks it will be time for a good pause.
consolidating the gains is very constructive. chartists will be getting long on the back test of the breakout.
i am not an expert on the war cycle , but it is in play in 21 watching the middle east.
dharma
Edited by dharma, 18 May 2021 - 01:18 PM.
Member
Posted 18 May 2021 - 06:53 PM
This long term chart is mouth watering.... look how she is just inchin' up off the bottom...angle of attack should get steeper soon...
Then we wait for verticality.....
https://www.longterm...old-and-silver/
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 19 May 2021 - 10:27 AM
yes, the big picture looks great. this is however, about survival. the dollar will find its way into the dust bin of currencies. the fiscal irresponsibility of the fed is no small matter. i believe we are 3-4yrs away from the parabolic. in commodities wave 5s are the big ones. we are in wave 3 , by my reckoning here. w/a fairly good sell off in store for wave 4 and a stock market top in 22. i am and have been positioned. i have 1 miner in a bad jurisdiction, plg, other than that they are all in good jurisdictions. and that will be a factor in a cash starved world
i am focused on the metals its why i am on this thread. i believe commodities are going to be reflective of the rising inflation. in the 70s bull commodities provided the firm back drop for gold/silver price appreciation
dharma
kwave its all coming together. time . it just takes time . socialism came about w/fdr in 1932 i dont think this brand of socialism is going to be stomached by the population. its more the totalitarian brand
Edited by dharma, 19 May 2021 - 10:31 AM.
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Posted 19 May 2021 - 08:07 PM
might be we need to wait till August if things top here. Sentiment running a bit hot alrady
https://www.tradersp...Trend/sentiment
Member
Posted 20 May 2021 - 08:03 AM
yes, the big picture looks great. this is however, about survival. the dollar will find its way into the dust bin of currencies. the fiscal irresponsibility of the fed is no small matter. i believe we are 3-4yrs away from the parabolic. in commodities wave 5s are the big ones. we are in wave 3 , by my reckoning here. w/a fairly good sell off in store for wave 4 and a stock market top in 22. i am and have been positioned. i have 1 miner in a bad jurisdiction, plg, other than that they are all in good jurisdictions. and that will be a factor in a cash starved world
i am focused on the metals its why i am on this thread. i believe commodities are going to be reflective of the rising inflation. in the 70s bull commodities provided the firm back drop for gold/silver price appreciation
dharma
kwave its all coming together. time . it just takes time . socialism came about w/fdr in 1932 i dont think this brand of socialism is going to be stomached by the population. its more the totalitarian brand
CRB index would suggest we are only in Wave 1 longer term.
All we have done so far is the hugely important Floor Recapture.
This looks like the very beginning of a super cycle turn.
Once CRB clears 200 for good, likely never going to get near that level ever again.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 20 May 2021 - 09:56 AM
kwave i couldnt agree w/you more. my guess is most folks have not seen a commodity bull cycle in their trading careers.
now nem is the largest gold miner, this chart shows clearly there is no speculation in the sector , when you see the juniors outpacing nem, then its game on https://pbs.twimg.co...jpg&name=medium
i dont mention stocks to often here , i think folks need to do their own dd. so they have a laid out plan. i have been accumulating this stock for quite some time.it has not received much fan fare http://www.321gold.c...arty052021.html
one has to be patient . it takes time for these things to develop. the fed is trapped bedded down in hotel california, where they can never leave the market and they are going to get the blame as confidence in them disappears over the next few years.
thats all i will say about all this .its going to be an unbelievable mess, hopefully the country finds its roots it may take some time
dharma
i see resistance here this price cycle cause the 2011 top 1924 . we keep working the numbers 1873 , 1893 , i suspect much like last year we find a pause in here around 1900 , the next #1913, 1933 finishes the cycle. we are going to have a run , but a pause soon is not out of the question. in fact it is front and center
Edited by dharma, 20 May 2021 - 10:04 AM.
Member
Posted 20 May 2021 - 12:28 PM
might be we need to wait till August if things top here. Sentiment running a bit hot alrady
Sentiment on gold is pretty toppy and diverging on your link too. Also commercials are quite short. 
Member
Posted 20 May 2021 - 09:28 PM
might be we need to wait till August if things top here. Sentiment running a bit hot alrady
https://www.dailyfx.com/gold-price
Shorts have been adding for weeks. We were at 85-15 long vs short 2 weeks ago. 75-25 today and as high as 72-28 two days ago. These are very high numbers for retail gold speculators. Typical range for the last 12 months was around 83-17 to 90-10.
Just pointing out that actual positioning vs viewpoint of the markets is an important distinction. I'm not fully long for example, even though I'm bullish.
Edited by CHAx, 20 May 2021 - 09:29 PM.
