Tuesday and The Doctor Is In
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Day put up the news off Gold in Belgium after a long EX queen Fabiola died transmission !
James,
I just made a note in my calendar to contact Cellar Angels tomorrow. Thank you!
DOC, is the time to sell my sister and buy gold?
Peter, for the sake of diversification…..
How old is your sister? This day trading is stressful and I’m looking for some buy and hold. ; )
Will it be a short squeeze?
This……. was hilarious. Well played, sir…..well played.
Peter; it depends on how old your sister is and how much of a problem she is.
Richard, I think you said you expected lower gold prices in the next few days…
So I would suspect Peter would get more gold if he waited a little bit more ?
🙂
LPG
she might catch on to the idea, and do a vise versa, and short sell Peter into the market for half price silverware.
Please, please and please – there are children on this site!
hahahah
Opportunity is knocking…
http://stockcharts.com/h-sc/ui?s=P.TO&p=D&yr=0&mn=7&dy=22&id=p96656721551&a=379852816
I believe the miners are under performing as a function of equity swaps in the derivatives market. They are also at a fifty year low against the gold price.
The great difference with bullion is that it’s all in the futures market for the commodity, and how that progresses. That bond markets continue to appreciate has a direct effect on miner share prices.
Miners are the bank’s favourite punching bag, there has been an expanding market in performance contracts that could provide you with a yield, with apparently very little risk, as long as the miners under perform.
Buying up gold futures will not necessarily affect gold miner valuations.
closed out at 1231………………nice day………………
Still up there really well, Jerry.
By the way, who do you like FSU or Oregon in the Rose Bowl?
I like the Ducks…………., but, the Rose Bowl……..should have a BIG 10 TEAM…
What do you guys think about Avi Gilburt’s expectation of new lower lows? He’s been pretty accurate so far? I won’t feel positive still he says the bottom is in. By his own admission he could be wrong… nice to see silver up over $17!
Avi’s lows were hit last week,,,,he just did not know it…..silver hit $14.10….
We can see 900 $ Gold and 12 $ Silver and a supper Dollar and dan the will go to the MOON ! BUY BUY BUY and tack you time cool cool ! Oil 50 $ can com !
Okay Franky!
By the way, you never told me what you don’t like about the Catholic Church! Even my atheist friends like the new Pope!
AL i I don’t judge no body ! On block me ! Thanks !
Last post should have read “till the bottom is in”
Look at S&P, it is crash proof
Al,
I still have been unable to find the newsletter. I did receive an e-mail link to the week-end show 2 different times, but there was no link to the newsletter. Am I doing something incorrectly? thanks
BIG BUYING GDX!!!
16:18 $19,85 10M+ shares
Peter,
This GDX order MIGHT well be late reporting by market makers. It is possible.
Best to you,
LPG
Peter for every buyer there is a seller. Who can be selling at these levels remains to be the question? As well as who the buyer is.
I keep thinking these huge trade “spikes” represent late reporting from the MMs. i.e that these trades occurred during the trading session, but for whatever the reason, they were not reported during trading hours.
Hence the trade become reported, in one shot, after-hours.
My 2 cts.
LPG
Settlement of derivatives.
Last time you referred to your “2 cts” I said that it was worth at least a nickel. I have raised my expectation to half a buck!
Hello Al,
From 2 cts to half a buck ? That is serious inflation… !
Feels like the Korelin money printing presses are at work.
Have you turned to the dark side now ????
Just kidding 🙂
Hope all’s well and best,
LPG
Al, some nations wanting their gold back is going to determine American societal issues?
How so? or did I misunderstand you somehow.
We will do a Daily Editorial on my thoughts. Obviously some nations wanting their gold back will have little to do with American societal issues!
I am going in a different direction.
Why are the gold stocks underperforming?
The $SPTSXGD was an index created in 2002, meant to trade real time on Canadian markets. It was essentially formed to take advantage of equity swaps held against stocks in the sector. The composition of this index can be looked up on th TMXMoney website.
We had the crash in June, 2013 and more than a year later we have a ‘denouement’ of trade, long after the crash. But the low is accompanied with extraordinary volume and a strong inverse correlation with the gold/silver ratio:
S&P TSX Global Gold Index constituents:
http://web.tmxmoney.com/index_constituents.php?qm_symbol=%5ETTGD
As you can see, The S&P Global Gold Index trades on the TSX as part of the listed Canadian Derivatives. Pull up a 15 -year chart, and this index will have gone nowhere since inception of the indece, when $CAD gold prices were ~$500/oz:
Bear in mind the $CAD gold price looks to be ready for a breakout @$1400/oz+
I have uncomfortable feeling for the price. Every time the price rises in the morning and they are holding it flat the rest of the day, they smash it the next day.
So Lawrence, you think that it will get smashed on Wednesday?
I hope not. If it is not knocked down, there might have been a structural change.
Doc.
Russell 2000 and nasdaq turned around today, would change your view on conventional market regarding volatilities and charts? concerning you, thanks.
Billy; the monthly momentum indicators are still looking okay for the conventional markets; the strength indicators are starting to look problematic. The chart I’m watching most closely is the volatility index which is flashing all kinds of warnings. I wouldn’t be surprised if the conventional markets recover tomorrow and then hang around at these levels until January since trading tends to dry up around the holidays. January will be a key month for the conventional markets and the precious metals.
thank you Doc. Clear as crystal.
I think the western wold will Goos Step ! your competition will by DOLLARS ! https://www.youtube.com/watch?v=dkY0vxOK6ZI
I GO CHINA 5 THIMES I NOW 88888888 !
In the standard projections, a failure is made in allowing for any Malthusian limit ever being breached.
While we may mine at deeper depths, in more remote locations, and while the Earth really is a big place, it does have limited resources.
Further:
Although the changes will happen over a few generations, imagine the effect on the current ruling politicians if the Western share of the world pie were to go from 80% to 35%.
Given that the primary belief of the politician is to stay in power at any cost, does anyone not foresee conflict attempts to maintain the 80% share of the pie; even despite the cost of war?
Fully agree CFS. There are limits, and 7 billion trying to live the late 20th century US lifestyle won’t work. But the status quo will resist attempts at rational adjustment, so it will more likely be a free-for-all.
GDXJ:$GOLD still kept in check by resistance:
http://stockcharts.com/h-sc/ui?s=GDXJ:$GOLD&p=D&yr=0&mn=7&dy=28&id=p52873222637&a=375556404
Dust might be getting attractive soon. Any opinions?
If HUI breaks 180 level it will be a mother ass rally..And I will confirm the and make a bold statement. That the bottom is in. Lets see what plays out. Im expecting a 25 dollar pop with a target of 1253/1255 first stop. This will confirm gary’s ICL and put that to rest.
Paul IMHO this is not a time to be short in the miners. Im beginning to think that what made the shorts succesfull for three plus years in shorting gold/silver/miners on the way down will be detrimental to them on the way up. The shorts are what will ignite this rally if im correct.
I would think gold would fall from 1250 or the 1280 level when the general market turns up?
We all have been trained to think this way. It is why it is hard to capture the trend change.
I don’t have a crystal ball and yes 1275/1295 is a major technical resistance so everyone including shorts will pile on and sell. But i suspect that the major 5 wave down everyone is hoping for below 1137/1140 will not happen. Im betting on my chats/experience with my miners actions which i know with my eyes closed that 1210 will be first stop and its’s a 50/50 she holds with 1177/1195 being the complete retrace and that to me is s 99.9% hold if hui breaks 180 today or by friday.
The majority of short won’t cover as they will believe that 970/1050/1137 double will happen. The setup is ripe with wti oil where it is.
Hope this helps and it’s not investment advice.
What pull back Doc?
There was only one pull back on GDX and that was on Nov.7th
you guys keep standing on the sidelines with your finger in your mouth!!!
The only reson the gold share are not keeping up with the advancing prices of gold is tax loss selling, and if you look closer the price on the share are not going lower which tells you the market is absorbing the tax loss selling. VERY BULLISH SIGN
I still thing the muskateers are engaged in tax loss selling and are praying that the shares don’t advance without them. Keep praying guys.
Peter
I meant 1137 double bottom is what everyone is expecting. Wti oil at these prices is putting money in the miners pockets.
For those who follow
Thanks Richard i don’t trust Belgium News ! Off topic ! ( AL ) You know diss wine US wine ? I have the 2009 ! https://www.youtube.com/watch?v=QjmLs_KAwAM