waiting on a 5 up
#1
Posted 25 September 2015 - 10:35 AM
#4
Posted 25 September 2015 - 05:46 PM
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#5
Posted 25 September 2015 - 06:16 PM
to me it held the breakout, minor maybe, maybe many more levels.
I bet the late Dec-Jan drop is the wave 2. Its ok to wait for that sure and I doubt I would buy
miners then anyway (nationalization). Only physical, storage of labor.
I just dont think a $40-50k order it will be available, the dealers say they cannot fill
$100k orders now for weeks. I'll get one ounce this weekend if I find a good offer.
Your more likely to get your gold confiscated than getting a Canadian miner nationalized. FWIW
#6
Posted 25 September 2015 - 08:21 PM
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#7
Posted 28 September 2015 - 10:04 AM
this is a chart of miners/vs gold note the miners topped in 95 , about the same time as the top in money velocity. and have been heading lower vs the metal. so if miners lead the metal what happened to the 16yrs ,from 95-11 where the miners continued to lose ground vs gold. it seems to me money velocity is the lead dog for the miners. http://gracelandupda...015sep28gs1.png
my premise is we had an ending diagonal triangle in gold and since that time the lows have held. however the upside has been limited. if you literally blinked , you missed the 1170 run to resistance. since then we could be base building. so rather than say the lows are in, i am saying prove it to me show me a 5 wave impulse higher. until then nothing is clear. we are definitely in a more favorable time period, but again little to no upside appreciation. from an astrological perspective we are in a very interesting configuration here. lets see how it plays out.
i do see signs of the love trade dominating the demand side, but its just not solid yet to overwhelm the paper market
i remain in wait and see mode. no proof . encouraging signs. no proof
dharma
Edited by dharma, 28 September 2015 - 10:05 AM.
#8
Posted 29 September 2015 - 10:36 AM
#9
Posted 29 September 2015 - 12:37 PM
@present the gold market feels heavy"
Sure 'nuff gold giving ground today. My weekly chart of gold shows resistance @ 1136 and support down @ 1074. I sold my NUGT position today at a loss... However, not completely unexpected on my part. Comes with the territory! Reloading for what maybe another opportunity for a trade in the ST/IT.
johngeorge
#10
Posted 29 September 2015 - 01:49 PM
this has huge implications
http://www.ft.com/cm...l#axzz3n9NS7lCx
dharma