Will “This Thing” resolve itself?
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Rick ? Dete you have your vaccinations ? https://www.youtube.com/watch?v=Wm2HLSXxYXQ
Interesting one Franky! Worth a watch.
Rick the days YOU ! https://www.youtube.com/watch?v=n67RYI_0sc0
Dang, gold broke below 1200. Sure hope the trend reverses before I have to become a Wall Mart greeter…there may be no future in that, anyway…
http://globaleconomicanalysis.blogspot.com/2014/10/meet-oshbot-lowes-new-store-helper.html
Yes gold is below 1200 but there are some other more significant technicals levels only about $20 lower…
Hang off on putting in that resume to Wal-Mart just yet. Maybe we can out ours in together 😉
A bit over $1200 at this moment gentlemen. Don’t start with those resumes quite yet!
Cory ? YAMANA ONDER 6 CAD What you think ?
Dang, I’ve got some Yamana. That’s gonna leave a mark.
You feel buy more ?
Ya’ll quit pushing in line. I need to get my Wal-Mart greeter resume in too.
Greenspan: Price of Gold Will Rise
Right on R.A. $1125 if that falls $1000 will be like a big magnet….the miners terrible Q3 reporting is adding fuel to the fire sale…..FUNDAMENTALS have been useless Al for 3 years!
Fri dead cat bounce will have all the bulls dancing again howling at the moooon, lol
I feel like fundamental will reign supreme in the long run but until then we do need to put a lot of consideration into technicals. That is personally why I have been studying up on them.
Basic investing/trading Cory, fundamentals work in a bull market not a bear market, why do you think so many of the smartest investors like Sprott and Rule have been so wrong destroying so many investors wealth within the pm’s sector for 3 years now, they are clueless as to how trading a bear market works
I completely agree Mr Fleck!
The fundamentals are that a lot of these gold companies may be going to go bust!
Silvrrbuggy, according to fundamentals you are absolutely correct. That is what fundamentals are all about!
Check out columbus gold…bob moriarty did a nice write up on them in the gold report. I’m waiting until summer to see if Gary is right…until then Gdxj puts are up nearly 80% today 🙂 thanks Rick, Gary.
I hadn’t imagined the December futures would be halfway there by Friday morning — but they are.
Rick u mentioned a low of 20 for GDXJ?
20.76 is my bear market target, Biggus — and sorry to be the messenger. I do see a tradable bounce coming at 25.59, though, and it’s always possible that that will be the begnning of a major rally.
Vaccinations Rick ! https://www.youtube.com/watch?v=IxpXqcfz_R0
I have an Andrews pitchfork on the gold chart that is not violated if gold goes to 1190. If it bounces it might confirm a longer term shallow uptrend.
On the other hand maybe we are going to 700, who knows?
Rick beware of the megaphone pattern.Very bearish pattern.We could reach higher highs ok but then it could take a plunge down.Take care buddy and keep up the excellent roundups that you give us.Kudos brotha.
Very big thanks goes especially to you Al and cory that make these roundups with smart people possible.Thanks guys.
You are welcome Don C
It is what keeps me going, man!
Al 1125 is very probable according to elliott wave analysis and it is most likely to be reached later next week or the week after.
Al, can you talk to the silver producers and asking them why they don’t reduce production and how they survive this? Also can you asking them to be realistic since we can see their financials so don’t say they are making money. None of them do.
This really puzzles me. Thanks.
If I am not mistaken, they are doing debt financing. This makes them very vulnerable. Once the the creditor calls the debt, they are done.
We are in the proces of arranging just that.
thanks a lot.
Rick,
thanks for the numbers and calls. Very much appreciated.
Thanks rick. I took a position in GDXJ on Wednesday and have already taken a haircut. Did not think that the miners could be hit quite so hard as they have in the last couple of days.
Surely we will get a bounce in the miners in the next couple of trading days. Lets hope its not a dead cat bounce. Alternatively, i could jump into JDUST !
There is no technical analysis – there is only the manipulative power of the central banks and the governments that are trying to literally kill all demand for precious metals as an alternative to the USD petro/narco-dollar in the world! Technical analysis are like forensic doctors examining a murder victim and being told “it wasn’t foul play – make sure you find for natural causes”. Thus the analysts go into Elliot Waves and “unfilled candlesticks” and “dollar strength”. Meanwhile the murderer (manipulators) go free…
How low can gold, silver, and oil go? How much financial power and military power does the US/UK/Illuminati have left? Enough to make it to 2015? Enough to make it to 2035? How much power is enough? While the common people are like serfs in Dark Ages Europe, praying for rain so that their crops do not squander away.
Rick,
How certain are you now that we hit that hidden pivot number at 1125 you called yesterday since your 1189.20 did not hold?
ONLY 1 THING AL ! https://www.youtube.com/watch?v=1ObK3CUM994