Weekending commentary from Doc and Gary
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How could you tell who we were?
Regardless, great music huh!
Hello friends… I have a bad news from malaysia
Malaysia has launched gold futures last october
And yesterday it was reported that Security commisson of Malaysia will launch silver futures by year end.
Know what all are purely derivatives … zero physical … and my 6th sense says the cartel has approached malaysian authority … may be other countries also.
They always have contigency plan … plan b, c , d and more
I will be interested to see what happens on sunday , while i dont believe in numerology i do think that horrible woman was giving out a coded message….
Drop the zero (O ) perhaps she was referring to obama..& then there is the number 7.so the way i see it is……Obama is out playing golf on sunday , & he gets creamed on the 7th hole by one of his own drones……Of course they will blame the Russians
The above is just me mucking about..haha………….or perhaps its wishful thinking on my part.
One more thing… if u reverse the orientation of ‘7’ … u’ll get an “L” …. Lagarde
Well spotted….NUR.
What if it turns out to be true!
I’ll likely get a less nice cell in a few years at a Canadian fema camp if I say I would like to the video of that happening …so I’ll just say that I will muse about that possible Sunday drone attack 😉
To see the video*
Kind of surprised nobody here follows numerology. That comment by Lagarde about dropping the zero was an odd remark though even though it is what is done with the number counts. Elevens and twenty two’s don’t combine by the way. They are always an 11 or a 22. Just thought I would mention it since you don’t follow the number systems, Tony.
LOL Bird, Im a 5.
Supposedly I get along with the other numbers.
As far as I know about numerology or astrology, star signs, etc, is they can show a persons traits or tendencies, that’s about it, free will or a persons own brains is entirely dominant to any tendency a star or number might show no matter how accurate. imo
And this bitch was a MD of IMF since 5th july 2011
5+7+2+0+1+1=16
1+6=7
NUR…..Your working overtime.
It 6 o clock in malaysia , brother … the sun has just started rising
The magic number is not 7… yet 19 … check it out in bible, torah or quran
For me the magic number might be 27th of august 2014
Because?
Isnt 27th the last due date .. I mean bussiness date for comex .. last trading date is on 27th of august 2014 for gold august futures … while the first trade day for this contract was on 28th september 2012 … it has been 2 years …. may im wrong into looking at the dates… my ignorance … yet here the link
http://www.cmegroup.com/trading/metals/precious/gold_product_calendar_futures.html?optionExpiration=Q4
Thats for the short squeeze to happen
Squeeze for gold or equities and why then?
Silver is in a down trending channel for six trading days now.
$20.40 is the next rail stop.
Same channel in gold brings price levels of $1280 Monday and $1275 Tuesday.
Lots of $1260 support might be where it heads if the channel formation continues.
Matt , why are u so bearish of gold and silver, are u into them… or are u a troll? Because I didnt see any sign from your posting that u like gold or silver… some here want the price to move lower for stacking purpose … yet u are not a stacker or someone who wants the price to go up? Whats the motive? Your catch?
I own-and hold- physical gold,Aziz. Probably down in value but I am always buying and have never sold any.
I own shares of metals stocks that I have lost a lot of money on in the last three years.
Anything I say has no and will never have any effect on the price of metals.
I pointed out the channel formation in place.
That’s all there is. Maybe look at the channel if you want to comment on that.
Ok thank u for a very reasonable answer there… hope u and us all here can pass all this troubles into success
Adding in Avi earlier was a nice addition…I wonder what Rick thinks? …weekend show opinion?
This chart could support Doc’s or Gary’s timeline. IMHO it looks like it could recover briefly to reset the RSI then start down again (positive outcome for PMs)
Gary, doc,
Not sure if either of you read the piece on 321 gold..
Here it is:http://www.321gold.com/editorials/mcclellan/mcclellan071814.html
What are your comments regarding to decades of left translation?
Personally this is a very difficult decision on my side as to getting in or out. Im currently on the sidelines and did not jump back in with my trading positions when you got in gary.
So much confusion/doubt. I hate doubt and second guessing myself as it usually is a recipe for disaster. When I look at the indicators as doc suggested they look neutral/slightly bearish id say. There looks to be room for a pop next week but does the pop outweigh the drop? That is the million dollar question. It looks to me as a trap. My gut doesn’t like the current level of indicators im seeing with my holdings/hui/xau/gold in general. Im trying to combine this with what gary perceived as a daily low on the 17th and a swing low confirmation but im just not completly convinced. Sorry gary you may be right here.
Gary is it possible that the daily cycle low and swing low on the 17th was a false move? Is it possible that there is a continuation of the cycle low and now it has become extended? Say day 33? Not 100% how far your cycle can stretch.
In conclusion im on the sidelines and will see on sunday night how gold is reacting. I much rather jumo in when both slow stocks and macd are below the centre lines and crossovers are aligning. The fact that the macd is very high already suggest to me way may get a pop to the 1360/1380/1400 but it would be followed by a drop. The other scenario is we drop from here into a final bottom into august. Those are my views.
Would really like if you both can give your opinions on what i discussed and the left translation based on the cycle/cycles.
Thank you
The answer to your question is… how much buyers will buy…. how much is physical buying compared to papers… how many routine buyers and new buyers will involve … if u know that … or if u can predict that … all data , chart or news are not relevant anymore … because data and chart are just statistic that frequently deceiving… while good news seems dont have good effect for gold until now… for what zillion news that have passed already
Glen, I read the piece on 321gold. The author feels there is a good probability we’ll see a low in gold before August 14. He could be right. However, based on my technicals, we should see an ongoing move down the early part of this coming week—the daily momentum indicators are shouting that at this minute. Also the weekly strength indicators reveal also that gold is weakening here. The weekly momentum indicators are not currently indicating a major move of 100 points or more down for gold. I would keep my eye on silver and that’s what is determining how I react to the coming down move. I believe the gold/silver ratio chart is signalling the good possibility of the ratio moving in gold’s favor in this move down—in other words, silver will be more adversely affected then gold. I believe we’ll have weakness into August and that’s why I’ve said on Al’s broadcast that I won’t even consider looking at purchasing the metal stocks (or adding to my positions) for 2 weeks (at least). We have one week to go since I made that statement. The path of least resistance in my opinion is down in the short term. Doc.
Some in the other website said that JP Morgan now has limited amount of gold and silver to supress the prices using futures papers… yet everbody knows rothschild and companies must have kept thunderous stocks after few hundred of years… they might just lease some… I see they own most of it
Richard, Thanks a bunch for taking time out of your day and responding the way you always do! Your definitely among the best at what you do. I speak for everyone including al and cory when I say keep up the great work, kindness and wisdom you share with all here. I very much agree with your views and technicals. Its exactly what im seeing and what has me on the sidelines.
cheers
glen
Nur,
Very true in what you say. When the physical out weighs the paper shorts then we will see the rise we all have been waiting for. Until then trade some, buy on dips to each there own..
cheers
glen
AL / DOC / GARY…..What will be, will be …..
Al thanks for the video link , cool moves by You & Kathy .
For what its worth i dont think we are going to get a big drop in the metals…JMO.