Gary discusses gold (short term up) and the conventional markets (short term down).
Click download link to listen on this device: Download Show
What makes you think Germany will ratify the laughable Greek proposal?
The Euro chart. I think it has nearly hit bottom.
THE REAL EURO ! https://www.youtube.com/watch?v=UoL0Hdpwcds
I don’t know Gary. This rise in gold is no rally in my view….just some of the shorts covering and not much more and I agree it does not have conviction behind it. I expect another decline will follow shortly taking gold towards its lows. That is, once this minor corrective rise is complete.
Bird,
That’s what I said in the interview.
I will add hearing aids to my shopping list 🙂
Bird, you said you were getting short a few days ago; did you cover?
Id like to know as well if he has covered? This would help all of korelin report family have an understanding if where he sits. Give us an up target like you did the 1200. Let me guess we are not worthy of it 🙁
No idea what you are talking about. Refresh my memory.
NO IDEA….all maliciously orchestrated for fraud.
Blowing hard too. Interest in Theralase. Oh, sure. What a joke.
Made any subscriptions to the guests who provide all this
information. NO !!!!!!!!!
Nothing but fraudulent activites on the board. Plenty of examples of it on the forums.
Most recently in communications with Dave yesterday.
I BUY GOLD AND SILVER !
Thank God because even the bulls are selling now.
BUY BUY BUY GOLD I HAVE NEWS BIRDMAN ! Netflix will drop !
Birdman i hate to agree with you but I do agree lol. We’re not going higher then 1240-1250 IMHO. You can forget 1300 for now.
Stewie,
I think we hit 1216 or so tonight and break down starting tomorrow for next week plunge.
Don’t think 1230s in in the cards.
Chartster what are your targets and by when?
Stewie,
It all depends if we break 1206 and blast way under. If that happens tomorrow ( which I’m expecting ) we should see the big washout I’ve been looking for.
My target for the bottom ( laugh if you like ) is between 500 and 800.
I see it being about a two week deal and we are right back in the 1200 range quickly.
It’s not going down below 1000. That’s 50% fib and previous high and also 1000 psychological number. We will conclude this bear market at that or around that number. Ultra bearish calls btw never pan out either but i appreciate you sharing it.
stewie be careful charters has been calling targets since november and we know how that went. Although im open minded that “we” can fall further down, it would not happen until summer.
I have a clear breakout in two companies i own. They broke out today from a big bullish flag and pennant flag formation. Gold itself looks like it has formed a pennant. Put up a weekly and look at the candles sticks of Hui index and gold. Look at the weekly on the miners they have turned up with tomorrow to go. At the very least we have a two week upswing in metals. You combine garys work of a cycle low in gold which i believe happened around the 10thand we would be on day 14 tomorrow. Cycles run from 18-24 days typically according to gary but dont quote me. They also get stretched out. Ive said it once and i will say this again, the rally would go into first/second week of march. Do ya’ll remember that quote?
Secondly i might add that the smart short traders backed off last night/today after there trades went sour. They have backed off and “most don’t dare to short at these levels. They are on very tight short leash lol. The change came in yesterday when asian markets stepped in and put the bears back in place.
Matt addressed that few days ago.
Do you think we’ll get a pullback tomorrow, Glen? I’m thinking the 1198 area will be tested one more time.
http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=7&dy=0&id=p60156694983&a=390324591
Matt,
is it possible to exchange emails? If your cool with that?
thanks
Sure Glen. Maybe Al or Cory can help?
Al or cory you have my authorization to give Matt my email.
Thank you.
And tace diss glin ! https://www.youtube.com/watch?v=RLGr9n-75xs
Matt I think at this point im open to 1198. Lets see what overnight brings us. Sure looks like we are going to go higher but caution is always advised :). What has me concerned is not seeing a long black tail and long white body with volume breakout candle. Maybe tomorrow with a touch back of that 1198?1187?1183? Then rocket higher or we fall out of bed and into tuesday.
AND ? ,,? ,,? ?,,,,https://www.youtube.com/watch?v=HJ8ifN39OUM
Franky, the last video was interesting.
Bird,
I’ll agree with Gary again on gold, the dollar and the Euro. I ask him yesterday what his short-term 4-6 week downside target for the dollar, but no reply. As most folks here seem to not receive many replies from Gary, so I don’t suspect I will either.
Having said that, I’m sure he’s a very busy man and does not have the time to answer each question.
Gold has had a pretty good corrective phase over the last few weeks and that’s a good thing. It helps keeps the froth and reckless emotions at bay. A nice pop to the $1275 range is a solid, conservative and realistic price target short-term.
Medium-term over the next 2-6 months I’m fully embracing and expecting the concept of further gold weakness. I am absolutely convinced we will see additional downside to the $1,000 dollar range in the gold price which will in-turn create additional chaos in the junior mining sector and offer up even better price entry points than we see today.
The quick updraft we should see over the next few weeks will be an excellent opportunity to take some nice profits and go to either cash positions or continue to trade wisely in the best companies, waiting for the final washout that lies directly ahead of us. I’m actually very excited just thinking about gold and the miners falling even further into the deep deep discount range. There are still way too many of these completely useless companies that are nothing more than shells with a stock symbol that funds lavish executive salaries, with no actual resource or any chance of ever having one, that effectively just keep the lights on.
Further to that, a whole multitude of these worthless and over paid so called mining executives need to be put out to pasture and become insurance or used car salesmen.
Vortex,
Cycles aren’t really good for spotting targets, but I’ll take a guess and say maybe a move back down to or a bit below the 38% Fib level.
http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=17&mn=6&dy=0&id=p15347395795&a=391808891&listNum=1
Gary,
Thanks a million for the reply. I wasn’t trying to call you out because I know you simply don’t have the time to reply to everyone individually.
The 38% Fib level, OK I’ll be watching for that.
I appreciate your candor analysis and time.
Thank you.
Gary,
Thanks for sharing that chart. Looks good. Maybe that’s pretty darn close.
Here’s a 5 year weekly view. That’s not a trend I want to bet on.
http://stockcharts.com/h-sc/ui?s=$USD&p=W&yr=5&mn=0&dy=0&id=p57543221601&a=373895160
Nice chart Gary. I concur with the projected pattern of the US dollar. The top will likely come in the summer and take out 100-102.
….but first it will need to correct down a bit further for March/April and I am considering the Debt Ceiling limit coming up on March 15th as a trigger to knock the dollar down temporarily. However, the world scene will get worse by late spring/summer forcing the dollar up to the high at 101-102. After that, I think the long term trends reverse in commodities, the Bond market, and the currency market. The stocks will top in the Summer to Fall when people realize that the central banks have lost control of the currency wars.
France ! Day never STOP ! https://www.youtube.com/watch?v=yZ0t3FNbKzQ
There’s always the PDAC curse of early March to consider, folks!
How Much Gold Will the Apple Watch Edition Consume?
The Apple Watch Edition might be Apple’s most unusual product in years. Questions abound about the 18-karat gold smartwatch. How much will it cost? Will Apple offer an upgrade path for it?
But I have a broader question: how will it affect the world’s gold supply?
The Wall Street Journal has reported that Apple plans to ramp up production of the Apple Watch Edition to over 1 million units per month in its second quarter of production. That’s an unbelievable number of gold watches, especially considering that they could cost as much as $10,000 each. But I’ll never underestimate Apple’s ability to sell lots of an expensive product.
For the sake of argument, let’s assume that each Apple Watch Edition contains 2 troy ounces of gold (Apple Spotlight estimates 50–75 grams in the Apple Watch Edition; 2 troy ounces equals 62.2 grams).
APPLE IS A CULT……………….Garden of EDEN………….everyone is seduced…….lol
Unlike Crimex, they will have to use the real McCoy.
I agree……crimex is a crime……………and a joke……..
WHAT is going on with Corvus???
$10k for an Apple containing 2oz gold?
-what a bargain at twice the price
-after all, isn’t gold going to $50k/oz
Added bonus is that the built in GPS allows the Lord&Master* to track where every ounce is located at all times.
* http://www.keepcalm-o-matic.co.uk/product/mug/keep-calm-and-worship-your-lord-and-master-foamy/
good one Irwin…………..
THE sheep need a leader….and an apple a day, with gmo , will surely kill you or set you up for a trip to the cancer ward……………………
We all have to go .. eventually.
109 isn’t bad though
http://www.marketwatch.com/story/long-term-investor-irving-kahn-who-shorted-1929-crash-dies-at-109-2015-02-26
Short the market………long on life………………..
Thank’s Irwin ! A nice morale booster !
JOB NUMBERS ARE UP 31,000 but GOLD IS DOWN……………………….funny.
they will be revised down, next month………………who believes anything put out by the govt…it is all BS……..
US OF A………….corrupt A S U can imagine……………….
Ask The Expert – Hugo Salinas Price (February 2015)
https://www.youtube.com/watch?v=BE6wS4IlqgE
-a worthwhile half hour
THE HUM MANS DON’T CARE ! https://www.youtube.com/watch?v=Z7aWhF3LIqc
Gary you have it backwards.
After listening to your audio interview with Big Al, I laughed out loud to myself.
It appears you are telling the markets what they are going to do next. Sorry to break the news to you Gary, but the markets are going to do what they are going to do with out your commentary. You seem to have this blue print in your mind of the markets next move, and you convince yourself that is the way it is going to play out. Gary the markets don’t even know you exist. You live in a fools paradise Gary.
Peter
Cmon peter your better then that..To each there own and i personally like what you bring to the table but its relentless smacking of the face and i happen to like gary right or wrong. Please i ask can we be civil about things.
I don’t mean bad at all and im sorry for getting involved. Let it go 🙂
Glen I can assume all I want about the markets, it does not make me right. The market is always right not me, not you, not Gary.
He talk as if he is right on his market calls, that is 100% not the case. The markets decide which way the market go not Gary.
Listen closely to the way Gary talks, it’s as if he is trying to predict the future, total rubbish.
Peter
What do you think of the miners right now, Peter?
Matthew the miners have been correcting, they have been telling us this, it is not my opinion. I’m waiting for a break out and the intra day charts have confirmed this, so GDX has given a buy signal. Again this is not my opinion this is the consensus from the chart.
Peter
Thanks Peter. I’ve been buying nearly every day for the last week or more in select plays because I’ve liked the action. I think we could get a move up that even surprises the bulls. We’ll know soon enough.
Matthew
Volume has been acting very, very nice. I like what i see in the GDX chart ,intra day, daily, weekly, and the miners that i own. You know Matthew, I try to get as much info from the chart as possible, I never have this preset notion of what it is going to do, because that leads to disappointment. I try to gather up as much info fro the different time frames and let the chart show me the trend, these predictions that Gary engages in is totally an ego thing. That’s not for me. Can’t use his info to make money. All I know Matthew is I have been making money in the miners since Nov.12/2015 , as I know you have.
Good luck
Peter
I like/respect your disciplined approach of trading the signals. I do that too, but not always. Since I speculate in a lot in very small and illiquid miners, I learned long ago to buy fear/weakness and to not rely only on technicals for those situations. My confidence, and therefore, patience comes from knowing what I can about each play. These micro caps often don’t even move with each other let alone with the ETFs.
Thank you for your input and good luck.
Matthew
Peter,
Gary has been very accurate regarding the conventional stocks for several months running.
So I guess you could say, he said what they were going to do?
So uh, what is your call Peter?
Chartster
The stock market is the only game in town.
You can throw darts and get it right.
Peter
Ive missed your calls lately peter. Keep them coming.
LA LA LA ! https://www.youtube.com/watch?v=lfyn-mkvbx4
Irwin a SONG ?
Looks like my first impression that the dollar would double top exactly as the Euro made a double bottom is close to becoming a fact. A little more to go but we are closing in fast. I suspect that once Germany ratifies the Greek proposals the crisis will have passed on the Euro can rise on confidence the EU will survive with all members.