albert einstein

agree stubaby, it sure felt like 08, 13 straight down days on the gdx

i have that guy on ignore. once he said that he bought gold for 21 an oz, it was enough for me
life is short. i got nothing to prove to anyone. i have to be content w/myself.
from the get go , i stated , i am not trading
gld/xau and all the other mining indexes sure look like a double bottom w/the 08 lows
dharma

Dharma, Do you mean you think the gold stocks are headed down to the 2008 lows?

russ i am talking about the ratio of gld to miners. it is rivaling the 08 lows .
i dont think the lows are in, i look for divergences on a daily basis after a big decline like this. but i dont think we are far away either. gold normally bottoms every 15-21 weeks. we are in week 15 here. i dont think price has to go much further. oi increased on this decline=new shorts entered the fray. volume was huge yesterday, set new records= big players need volume to put on their positions. i suspect the big guys cut back on their shorts and some entered long. as the little guy shorted. sentiment has rivaled the 08 lows and for an extended period of time.
it felt dire
dharma

Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius — and a lot of courage — to move in the opposite direction.

~ Albert Einstein

From a sesonal point of view this is a weak time for the metals.

http://i45.tinypic.com/30n8bv7.png

the one i use is a little different . and yes seasonals are not favorable in here
http://www.seasonalc...ssics_gold.html
dharma

Edited by dharma, 21 February 2013 - 03:43 PM.

To DrSP: You have been on right side here during this drop, but your posts are both cynical and demeaning - how about posting some charts and technical analysis along with your boasts and maybe you would be taken more seriously!

I posted a live screenshot of my trade during the 1st week of the year, with a commentary. Nobody else has ever done that on this message board, end of discussion.

My posts are factual, not cynical or demeaning. It hurts some people that you are on the other side of the trade, but it is what it is.

Dr:
Do you have a link for that? Only thing I found is that you thought gold was worth zero. http://www.traders-t...?...994&hl=Drsp

I posted a /SI trade screenshot of my own portfolio.

Zero! When and where was gold last worth zero? In the Garden of Eden?

But joking aside, "zero" appears to be a popular market call with DrSP and since, as he says, his posts are "factual, not cynical or demeaning," he must be serious. Here he is back in December, 2012, predicting that "...all Chinese stocks will go to 0 eventually...". Gold and all Chinese stocks going to zero -- I guess that's a bet on thermonuclear war or the extinction of the human race or the earth spinning out of orbit into the sun or the Rapture or some such Armageddon. Or maybe just death. Regardless, give him credit -- those are bold calls!

But then here he is back in June, 2012, telling me that he was ''...bearish on UNG on all time frames...". All time frames -- isn't that, on natural gas, another zero... eventually? By the way, in that June UNG thread he said: "I would go and buy as many Oct 15$ puts as possible. Double the deal when and if UNG hits 22 - 23. Let's visit the thread in October and see what happens then." Okay, let's revisit the thread. What happened then was UNG did go to 22-23 so he got his "double the deal when and if UNG hits 22-23" on his Oct 15$ puts. They were likely cheap since it was a week before the October expiration and those Oct 15$ puts would all expire worthless a week later.

No wonder he has zeroes on his mind.

Oh well, I, for one, am grateful for his relentlessly non-cynical and non-demeaning posts. As he says with a , they are what they are, and without them, we probably would never have learned that when one bets on worthless on anything like gold, and Chinese stocks, and natural gas, and whatever else I may have missed, it's better not have an expiration date.

Good luck and good trading.

By the way, dharma, thanks for the interesting and telling quote no matter who's guessing who said it.

Imagine a guy called Psycho typing the Einstein quote I know that involves insanity. HAHA Nor do I have any fancy charts to post but I can make an honest small investor opinion that is invested heavy in miners, 85%. Why 85%? I bought at the bottom of the 08 dip. I read somewhere after the great depression the miners were one of the first things to return back to favor. My investments went up 4X between 2008 and last fall. Since then I have lost 1x, about 40k. Blood in the water but it was not honest money. It was evil gains. HAHAHA, I am still long and will stay that way. I think some of the bunch shorting gold/silver/miners will move on to other sectors of the market soon. Too much talk of Apple, google, facebook, aig, hp, ect on the talk shows to not be a set up for a shearing of the sheep. I only hope that they don't create some sort of financial crisis as an excuse to drop the whole market to extreme depression depths. On a personal note I finished reading The Wizard of OZ last night. I had heard that there were lots of gold and silver standard references in the book and wanted to see for myself. I would recommend it to anyone with a few hours of free time.

Zero! When and where was gold last worth zero? In the Garden of Eden?

ROFL



Psycho: Regarding the Wizard of Oz, Martin Armstrong pointed out that the book is really about a political protest over economic policy, the tin man represented Industry, Scarecrow - Farmers, and the Lion was representing the leader of the protest movement that had something to do with Gold...hence follow the yellow brick road to meet up with the Wizard - a phony pretending to be something he was not.

Dharma: Yes it looks more like April may be the low for Gold for now.

Edited by Russ, 22 February 2013 - 02:32 AM.

well the fed reported, most dont realize the fed is in hotel california, they can check out but they can never leave. the fact of the matter is renege or debase are the alternatives. w/velocity of money in a downtrend, the cbs hand will be forced to crank up their actions. dont listen to what they say, watch what they do. gld/xau are rivaling the 08 lows , which were the lowest in history. sentiment is minus @hgnsi( the last figure i got which was monday -12.5%). and oscillator readings are oversold. i too saw some miner charts of the great depression, i also saw the miners performance in the last bull. it was spectacular. gold bottoms every 15-21 weeks. we are in week 15 here, sure it could stretch out till april. doing some nibbling. and yes on these i am using stops. to me this has the feel of 08. and as psycho points out the buys were phenomenal. i bought stocks like slw for 2.7 . so while i hate throwing profits back it is the nature of the beast. chpgf was @1.5 etc .etc dharma a brief word on armstrong. his long terms calls and track record are outstanding. as a trader and short term calls were problematic for him. he did wind up in prison. i met sinclair in 78. he is quite experienced. in fact i opened my 1st futures accounts w/ him in 78 and had him manage 3 accounts for me. jim tells it like he sees it. i always recommend everyone do their own work. in the end it is your money and you have to live w/the consequences of what you do. dharma

i always recommend everyone do their own work. in the end it is your money and you have to live w/the consequences of what you do.
dharma

Amen!

http://stockcharts.com/c-sc/sc?s=$HUI&p=M&yr=13&mn=0&dy=0&i=p61081595572&a=198535867&r=149.PNG

http://stockcharts.com/c-sc/sc?s=$HUI&p=W&yr=12&mn=11&dy=0&i=p52940806771&a=259871927&r=4293.PNG

http://stockcharts.com/c-sc/sc?s=$HUI&p=W&yr=13&mn=11&dy=0&i=p83945430624&a=271242504&r=931.PNG

Conclusion of above chart set - $HUI targeting 325 (10%) lower - hovering around proclaimed H&S top neckline here (358-363) - a drop and close solidly below could set-up the final "Bear Trap"!


stubaby

Looks like I have a legion of followers who are genuinely interested in my past posts and do search them from time to time. Envy? Long live the legend!

cot and sentiment @extremes. these extremes have been present @other significant lows. the market came into previous support. seems to me it was a trap for the bears. shinzo abe announced the new candidates to take over the boj time will tell if another shoe drops. dharma

buy @the point of maximum pessimism -templeton
rickards
http://www.kitco.com...ames_Rickards_1
dharma