the end of the 19 month correction???
#1
Posted 19 March 2013 - 09:29 AM
the market went up for 34 months prior to this correction.
the correction took time , but didnt give up much ground
this is the feds balance sheet http://www.graceland...13mar19fed1.png
if you put a chart of gold over this , it mimics the balance sheet very well , except for this latest breakout from the base.
the market wants to be reassured by the feds statement- well its tomorrow
cyprus is a very interesting situation. keeping an eye cast over there and in europe
next up will be japan , now kuroda has been appointed to the boj. gone is the conservative shirakawa.
we live in interesting times.
merrill came out w/ an interesting piece on gold, they have demand falling off the chart, but the price rising.
i dont think joe will be buying this market or any market for that matter
dharma
#2
Posted 19 March 2013 - 11:15 AM
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#3
Posted 19 March 2013 - 11:34 AM
#4
Posted 19 March 2013 - 11:40 AM
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#5
Posted 19 March 2013 - 12:12 PM
#6
Posted 19 March 2013 - 12:21 PM
What are the current # on hedge fund shorts of the miners? I assume they are going to cover a little. They already had such a huge short position to get to where we are now. I figure they will start getting out soon and let them rise so they can try to beat them down again on the next dip.
I don't see a lot of put volume in GDX unlike in GLD.
http://www.schaeffer...volpcratio.aspx
On the top left window "symbol" type gdx and gld
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#7
Posted 19 March 2013 - 01:12 PM
#8
Posted 19 March 2013 - 01:26 PM
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#9
Posted 19 March 2013 - 02:30 PM
What are the current # on hedge fund shorts of the miners? I assume they are going to cover a little. They already had such a huge short position to get to where we are now. I figure they will start getting out soon and let them rise so they can try to beat them down again on the next dip.
I don't see a lot of put volume in GDX unlike in GLD.
http://www.schaeffer...volpcratio.aspx
On the top left window "symbol" type gdx and gld
-tria
Thanks Tria,
It looks like there is a slow decrease taking place. It looks like they are exiting a little each day, just like they got in. It may be a few more days before we get major jumps in either gold or the miners. On a side note, bought physical silver today. I would have bought some gold but cash poor right now.
#10
Posted 19 March 2013 - 02:39 PM
What are the current # on hedge fund shorts of the miners? I assume they are going to cover a little. They already had such a huge short position to get to where we are now. I figure they will start getting out soon and let them rise so they can try to beat them down again on the next dip.
I don't see a lot of put volume in GDX unlike in GLD.
http://www.schaeffer...volpcratio.aspx
On the top left window "symbol" type gdx and gld
-tria
Thanks Tria,
It looks like there is a slow decrease taking place. It looks like they are exiting a little each day, just like they got in. It may be a few more days before we get major jumps in either gold or the miners. On a side note, bought physical silver today. I would have bought some gold but cash poor right now.
Psycho, I will probably feel more comfortable after next Monday's April's futures options expiration in Gold.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky