Is the quiet US dollar a good thing?
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Be interesting to see what you think of segments 7 and 8 in the Weekend Show
Well Big AL, forgive me I don’t listen to much analysis
anymore. I’m an old stubborn mule my mind is made
up regarding future events.
All your shows and commentary though is done with
the most highest ethical standards. The analysts are
top notch and they have lots of integrity to boot.
So I should pay more attention but has nothing to do
with your great programming. I could comment on
everyone individually from past experience and they
all deserve lots of credit for doing a superb job. Each
guest has their own niche and makes the site very
attractive in that regard.
The forums are doing extremely well now too. Everything
is excellent and everyone seems happy. : ) YEP !!!!!! all good !
1187 still a target for gold. Will watch with interest.
game over Bob……..Greeks I think just changed the target……….
I think we are at an inflection point where on Friday or Monday we could get 1187, or we may get confirmation that Gold has already begun the “real” pop from 1198 that starts a 5-10 day counter move up.
For confirmation that the real pop is currently underway then, Gold needs to close above $1232 (the previous support and now resistance). It has already bounced down off that wacky 1228-1232 resistance zone last week, and this week gold has not had any real momentum {again}.
If it can close at or above the 1128-1232 zone, then 1244.70, $1259, and maybe 1272.85 targets come into play….. but at that time, be cautious above $1259, and especially 1272.85, as gold will turn and grind back down into the spring/summer lows with the rest of the commodity complex.
Now, some people called for an $1197 bottom last week, and we got to $1198 and then turned back up (which was pretty close) and then gold closed up at 1221.30 on Wednesday. However, this seemed likely to be the initial head-fake and today (Thursday) confirmed it was. It doesn’t seem the move up in gold was enough to get the momentum going and it has come back down again to $1206.40. The jury is still out, until Friday.
If we get down below 1198 and near or below 1187 then I’ll be a buyer. If we get down to 1180 I’d definitely go mostly in, because gold is over-due for a corrective move up. If we get a nice pop heading towards 1228-1232, that would also be a good sign for next week. Good luck surfing the tides of the currency wars.
Speaking of the $1198 level, there were some interesing thoughts from Silverbug Dave on Wed about that being the 61.8% retracement level.
On February 18, 2015 at 2:31 pm,
Silverbug Dave says:
Gold price action since the $1130 low in November 2014 has been a rally then a correction:
As of last weekend:
In US dollars it is a 51% retracement of the rally, 1130.40 to 1307.80 and back to 1216.50.
In British pounds it has retraced 50% of the rally almost exactly 712 to 872 then back to 792.
In Euros, this gold correction has retraced 36.5% of the rally, 907.40 to 1160.50 then back to 1068.10, almost a 38.2% Fibonacci ratio.
These are good levels for a chance of a bounce.
If it moves lower, perhaps it might get away with doing a 61.8% correction in USD and GBP and a 50% one in Euros but that’s about the limit, surely. Those targets would be $1198, 1034 Euros and 773 GBP.
It should stop there, otherwise it is a bear market.
As of Wednesday 18 February it looks like gold is wanting to do the 61.8% corrections!!
On February 18, 2015 at 2:34 pm,
Silverbug Dave says:
Today’s lows were $1198, 1050 EUR and 776 GBP, getting very close to the lower targets given above.
On February 18, 2015 at 5:03 pm,
Shad says:
Interesting thoughts on the 61.8% retracement to $1198 Silverbug Dave. Based on that we could have had a short term bottom today then.
On February 18, 2015 at 11:50 pm,
Birdman says:
My thoughts almost exactly, Shad.
On February 18, 2015 at 11:52 pm,
Birdman says:
But we have a few more dollars to go to get a confirmation that this is the bounce off my 1200 target line. So far so good.
BTW… While I realize he is not everyone’s favorite technician, Gary Wagner put some emphasis on the $1198 target on Kitco. There just seems to be some attention on that area, and that could mean the bottow was already hit or will be re-tested.
Personally, I think if gold starts to fall it will make it through that level and head towards 1187 (as Rick A. mentioned) and then 1180 as major support. If gold does drop below 1198 and heads down, I’ll be a buyer.
…….IT’S ALL OVER FOLKS, AND THEY KNOW IT…………all they have left is the RIGGING OF GOLD.
There’s going to be war over it because The West liquidated
all their gold to the east.
The West is waging war and it has a lot to do with it.
Expect a big world war. 3rd world countries will come
apart at the seams. The criminals there are just waiting
for the opportunity to rape the retirement communities
in those countries. Once US craters it will be open season.
YOU ARE QUITE RIGHT my friend………….as you can see EVENTS are moving FAST……it WILL turn into ” THE WALKING DEAD “
How could the US export 6000 plus tons of gold over
the last 15 years over and above all the scrap and mined
gold here in the US. All you have to do is look at the goverment
reports on what this nation exports annually. Deduct whats
mined incl. scrap and where could have it come from.
No wonder the Fed doesn’t want an audit. The golds gone.
World war will result over it along with other major issues.
No one talks about it. Its a fact too. Expect major fireworks
and the ending looks grim.
YES………….THAT’S WHY THE U.S. IS SEARCHING FOR A NEW WAR NOW…………they tried with RUSSIA, but it didn’t seem to WORK OUT…………..so WHO will be NEXT ???
Wouldn’t count Russia out right now. You’re right though.
A big bad arse war is coming and the west’s empty gold
vaults play huge role in this.
The West can’t afford to be found out with gold vaults
near empty. They will start a war this world will never
forget over it. The banking and financial system will
go Armageddon.
I mean, you can’t make this stuff up. Only the ignorant
people who are in denial don’t want to admit this is the
condition things are in.
There are so many lies and corruption I’m positive the
wests vaults are empty. Its world war. No doubt in my mind.
WE CAN ALL COUNT ON IT. Unless a person is naive. Most are.
Dumbed down and believe all the lies coming out of Washington.
AND THE BANKRUPT FED…..another joke. its all B.S.
Also, they must take out Russia. Its the only military
power armed to their teeth with thermo nuclear weapons.
Russia is on their radar screen. Russia stands in their
way going into NWO. Tossing gold because The West
is depleted. ITS WORLD WAR.
I have to disagree regarding WW3
OK….Big AL….
I’m always open for debate. You know where
to find me. I can’t wait !!!!! : )
Hold your horses Big AL and everyone…
NATO is preparing for war with Russia. ..hot news off the wires
https://www.youtube.com/watch?v=ZyEwjlwrQbg
WORLD WAR 3 IS COMING. ..pull up your boot straps and PREPARE !!!!
No, I’m not delirious !!!!!! Again, you can’t have NATO in Ukraine …NO !!! thats right
Wrong one ..use this one. Sorry
CHINA has the POWER too now……………..don’t SLEEP on CHINA.
I’m very close to a 100 percent certain this catastrophic
world war will be launched.
NATO leaves Ukraine then we are safe to say it won’t happen.
Allied forces are just growing stronger by the day around Russia.
This is not going to end well. It will go nuclear because Russia
can’t send troops here to equalize the pain.
ITS NUCLEAR WAR….no doubt unless NATO gets out ASAP….too.
FORGET THOSE VIDEOS…BOTH DUDS.
The titles were deceiving. ..NO BUENO !!!!!
DISCARD THEM.
http://www.infowars.com/nato-prepares-for-war-with-russia-in-europe/
Here’s the news article. NATO preparing for war with Russia.
CHECK IT OUT !!!!
Mark…absolutely. …China and Russia have a coalition.
The east could take the yanks out. Heck Obama might
just surrender and we will be American slaves.
One reason why world war 3 will take place because
the public is seriously overly complacent about every
damn thing. The confidence is probably the highest
in history. They even support a war with Russia.
The odds favor me being correct. The crowd or herd
is all going in the same direction. In the cold war people
were concerned about war with Russia. Nothing happened.
In 2009 the public was worried about the world falling off
a cliff. IT NEVER HAPPENED. The public was worried.
WATCH OUT….the public is on the wrong side again.
SORRY FOLKS….just the way it is. And we will have a
financial collapse that will drawf anything in history.
The Germans are playing soccer and Greece is watching, the only move that can be made is by Germany. It’s all about Wolfgang will he relent and give the deadbeats more money. I would say let’s see how he calls his bluff!
don’t you mean the WOLFPACK……….
Wolfpack merged with Timberline (TLR) last year, Jerry. 😉
good one MATTHEW………………………
YES……….GREECE is now asking for a YES or NO from the EU…………….they have 24 HOURS !!!
link please
EU gives Greece 24 hours to reach coalition deal
http://business.financialpost.com/2011/11/06/papandreou-to-resign-when-coalition-deal-made-lawmaker/
Wrong link I think. That is an old article.
Woops, sure is. Sorry Glen! History repeats, I guess…
“Eurozone finance ministers giving Greece a deadline of Friday to come to an agreement with its European creditors or risk a cutoff of further loans.”
http://www.nytimes.com/2015/02/20/business/greece-bailout-program-european-union.html?_r=0
Thanks Matt
ZERO HEDGE…………………right now !!!!!
IT’S on ZERO HEDGE……………now.
when you cry Wolf……..point out which article you are referring……thanks j…….
ZERO HEDGE has it the other way around !!!!
http://www.zerohedge.com/news/2015-02-19/greece-gives-europe-counter-ultimatum-accept-or-reject-our-offer
Breaking News: Turkey, U.S. sign deal to train and equip moderate Syrian opposition fighters
US….just wants the TURKISH GOLD…………
Here is an interesting, kind of related, article I just read:
I was going to say we are stuck in WAR, but, that is what the Industrial Military Complex wants……………nothing new under the sun………………
The gold bear market will be over when the promoters like King World News, Silverdoctors and Turd(!) Ferguson are taken off the air.
they do not promote individual companies
The transformation is all planned of America
http://www.youtube.com/watch?v=71dD-2tRjv8
The signs are everywhere. Good bye American pie.
Corruption, lies and crimes in our land. Going unpunished.