We are not posting today… keep the conversation going here by commenting
There will be no posts today as Cory is flying down to South America on his honeymoon and Al is still out of commission. We didn’t want the comments to stop so please keep it going here for today.
We hope everyone had a great day!
Al and Cory
Matt,
Congrats on the buying as we were falling apart a few weeks back. You kept with it at a time where most were very bearish including myself and you were rewarded.
Thanks Glen, hope you’re having a great time!
You da professor………j
Thanks J, but I don’t profess to be! 😮
He is the professor…indeed!
Agreed. Matthew has been influential in my market reflection for years, and is a professor…..and a mad scientist of charting. Always good thoughts sir.
Thank you Marc and Shad. You guys are very generous but I think “mad” nails it!
Watch it , Matthew, or we will have to put you in a cage with Tweety Pie.
Ditto – Matthew continues to be the ‘man’!
Thank you Andrew, I wish it were true much more often!
Matthew you are RO in my book. DT
Thank you Mr. Tracy, same to you!
Matthew, when is your newsletter coming out? 😉
Thanks but no thanks! 🙂
That’s what makes you special and believable Matthew!
Claude just went over .50 USD and .64 CAD 🙂
Like I said, if gold holds up, Claude will too!
This was my thought from last week on Claude.
On March 19, 2015 at 6:05 pm,
Shad says:
I am watching Claude closely, but feel if we do have a grind down in late April and May, that this may be a good entry point back into the stock.
Honestly, if PMs do still continue up from here in a counter-trend move, I could see Claude getting over $.50 US, but I am not chasing it here.
___________________________________________________________
So yep, it is over $.50 now, and I agree that it could even go higher if PM explode to the upside. That is multiplier effect of Jr Miners. If that happens it will just make the long term case even stronger for Claude, but I am waiting until the PM lows in May to buy back some of these strong Jrs, and hold a number right now that I have built solid positions in.
I was also expecting this to be a second down week in the dollar (starting from it’s double top of March 11th and Friday the 13th). This has provided strength to pop in PMs, exactly as forecast. However, I don’t anticipate this counter-trend move lasting much longer before reversing trends next week. If it doesn’t and really goes on tear, then Claude and GDXJ should do well.
Get well very soon, Al. God bless you. Best wishes to Cory. Have fun!
Doc, thanks for filling in, yesterday. I love your commentary and analysis.
Ditto, get well soon Al, we all need you!
Agreed cmc.
Get well Al, good luck Cory, and nice work Doc.
******** GOOD MORNING, AND GOOD GOLD DAY TO YOU !!!!! **********
WELL IT’S DAY FOUR…….and my method of operations/algorithms continue to shine……gold and silver remain in the green as predicted………..and in all honesty I think that with this system I might have figured out what people like Martin Armstrong already knows and a little bit more…………….but I may have to be cool going forward on what I might know……………..but in the mean time to everyone, HAPPY TRADING!
Mark…Well, well, well…Gold closed up again , great call , that makes four stars now you are on your way to getting my Gold Star award…Be wary though don’t get over confident….I for one want you to get the next call right , but remember pride comes before a fall….I wish you the best.
THANKS………………but again so far it’s another green go for tomorrow!
If gold can finish the day higher, it will be the first 6 in a row in more than a year.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=1&mn=1&dy=0&id=p68746956237&a=400328143
Gold had 9 up days in a row in February, 2014.
OH,……..and don’t worry,we will top $1200 in gold today!
Mark..only a cent or two out…..but you still got your star.
Sorry, no gold star on that count. The 1200 line was important to break to keep momentum going and the failure to do so is quite negative. There would have been more than just a few investors strategically taking profits in that area and this tells me sentiment was not bullish enough to overcome the 1200 dollar hurdle and that swing traders now have control….Gold MUST exceed 1200 to have any hope of a breakout.
Bird is probably right. Gold is now due to drop down into a half cycle low and stop out all the late comers. If the bullion banks hit it hard there is even a small chance they could abort the intermediate cycle and take gold back below 1140.
Be careful the rest of the week and keep emotions in check.
Cheers Gary! 🙂
SEE…..THIS IS WHEN I GET LOUD…….YOU ARE BOTH WRONG, IT’S GOING UP !!!!!!!!!!!!!
ARE YOU KIDDING…….MY SYSTEM WAS ONLY OFF BY………..50 CENTS !!!!!!!!!!!!!
LIKE I SAID BEFORE………………………FOOLS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Old paradigms die hard
By the way Gary….good call on that undercut double bottom on crude. Looks like you were spot on and as we know a rising crude price signifies a falling dollar. Gee, this war in Yemen could not have come at a better time to add pressure and push the dollar down. So oil is on a big fat buy signal. Meanwhile, a deal with Greece will support the Euro. And then net effect is we are guaranteed Fed rate hikes by late summer.
Gary,bird,
Gold seems to have broken 1200 any thoughts?
Bird make sure you give us the number like you did with the last big call of 1200 drop..Give us a number now or have you changed your outlook now?
My immediate thoughts are sub 1150 if what looks like a large H&S pattern plays out. The gold outlook is beginning to look very negative. We have peaked near 1220 futures this morning and are heading back down this coming week.
That is just my opinion, Glen…..it is not trading advice. Don’t forget, I am like everyone else and I get calls wrong from time to time too so judge it for yourself. What do you think?
I think it looks like a right shoulder being formed as well that can be in the process of topping sometime soon and turning over. It may have another week or two in it and 1253 is a target that could be reached. However if and when a new bull starts, most including myself will be bucked off from the bottom. At this point im only buying weakness and strong weakness which we had two weeks ago.
THANK YOU !!!!!!!
……TO IRISHTONY.
The cats are away
now we can play!!
Off topic but important.
I’m watching CNN and Fox News, and they are covering the jet crash in France. Look at the footage and still pictures. There is no impact zone, no crash site. There is debris scattered all over the mountain sides ( side, plural ) they say the jet crashed into the mountain. However, it’s quite obvious that the jet fell out of the sky like confetti. It’s in thousands of pieces on numerous ridges and valley’s.
We are in fact being lied to. No doubt about it!
The question is,,why?
It is quite comical to listen to the experts explain and divert attention away from the site.
confetti……for the sheeple……………..
This is an object lesson of how the masses are brainwashed by what they are told about on TV. It’s pretty disgusting that the masses are this stupid.
I think they are just doing this to see how much they can lie about and see what they can get away with. Lol, it’s that blatant !
YES something besides a crash hit that plane because what ever it was it was so powerful that it knocked out the CERN EXPERIMENT……..check this video out:
https://www.youtube.com/watch?=_fb7-al3Dq0
https://www.youtube.com/watch?=_fb7-a13Dq0
Try this link?
WOW……tried two links and they don’t work……………YES SOMETHING knocked that flight out of the sky and the video report said that it was so powerful that it killed the NEW CERN EXPERIMENT that was just being restarted in france………….was this an ACT OF GOD to stop CERN ???
Since the links don’t work here is the title for that video on youtube:
UPDATE CERN Shorts-circuits after plane crash near cern
That link works (above).
Would that be the God whose work Goldman Sachs is doing?
no ‘Mayday’ call – you might expect one if it was intact before it landed. Yuk. Flying is not for me, no thanks.
Its got to go a lot further to equal the debris field from Lockerbie tragedy:
“Lighter debris from the aircraft was strewn along two trails, the longest of which extended some 130 kilometres to the east coast of England”
http://www.airdisasters.co.uk/Lockerbie.htm
http://en.wikipedia.org/wiki/Gold_repatriation#The_Netherlands
…
http://www.bbc.co.uk/news/world-europe-28357880
“Malaysia Airlines’ passenger list shows flight MH17 was carrying 193 Dutch nationals (including one with dual US nationality)”
German Gold Repatriation Is “Proceeding Smoothly” – Deputy Head
By Daniela Cambone of Kitco News
Tuesday March 24, 2014 4:30 PM
http://www.kitco.com/news/2015-03-25/German-Gold-Repatriation-Is-Proceeding-Smoothly-Deputy-Head.html
…
Germanwings plane 4U 9525 crashes in French Alps – no survivors
http://www.bbc.co.uk/news/world-europe-32030270
Smoothly, eh?
While living in Anchorage,AK,I along with my kids witnessed an engine falling off a 747 in flight.The engine landed three blocks from our house.And yes it was in one piece.This brings to mind the debris field of the crashed airliner in Pennsylvania on 9/11.
Do you remember the aircraft that crashed in Queens NYC a few weeks after 911? 12 Nov 2001 according to Wikipedia:
http://en.wikipedia.org/wiki/American_Airlines_Flight_587
I remeber seeing an eyewitness report on the crash and someone showing a still photo or TV picture of an engine from the crashed plane sitting intact on the ground. I am not sure but it may have landed close to a gas station but fortunately not on it.
However, the state of a crashed aircraft probably depends heavily on whether someone is still trying to land it or if it crashes directly into solid rock at 500 mph. I don’t think we can sit here and conclude anything about this current air accident.
Dang, what happened to Big Al?
Dragging sacks filled with gold and silver from your house to your stash house will knock anyone out of commission for a few days.
Hard to be Avi Gilburt bullish….
I’m with you on this one Ebolan.
I disagree. The authors focus too much on leverage. This is a story that keeps getting repeated but nobody is using their heads and thinking it through. Leverage is ONLY a problem if the buyer cannot cover when there is a margin call.
What they are talking about is the past century, not today.
The fact that the market is dominated by large financials, banks, pension funds, foreign governments and even Central Banks makes it virtually impossible to have a market sell-off caused by a failure to meet leverage. The pockets are just too deep for this to be a worry.
I don’t know how many times I have to keep repeating this but there is not a risk from the leverage angle and it is because the retail and small private investors are not present in the market.
As far as I am concerned we have far more worries where automated trading and the algos are concerned because it is possible to have a cascade of sell offs due to competing algos running the price down as they seek to escape.
But then that is what the circuit breakers are meant to prevent. Guess we will find out eventually how bad it gets if a Hedge Fund initiated sell-off gets triggered and sends the market into meltdown. It’s going to be fast if it happens and will probably result in a closure of major markets for as long as a day or two.
Good points Birdman,I think the flash crash of 2010 is still in the back of ones mind.The flash in the dollar the other day is a reminder that machines and algo’s are running the market. Avi made the call, and if your going to be making predictions here your going to have to expect posters are going to hold your feet to the fire.
I might have missed that call by Avi. I was away for a few days. But I concur if he is bullish. The source article that the story above refers too is linked below if anyone is curious to read it directly. I still think the idea is margin calls taking down this market is not the biggest risk we face. It’s a totally different situation in China though where retail and private investors dominate the Shanghai. Now THAT one has the seeds of a margin call crash written all over it. I even saw an article the other day titled “Is This China’s 1929 moment” or something along those lines. I had to laugh because it is so damned obvious as money is fleeing from real estate and getting massively levered up in their stock markets instead. Serial bubbles all right. From the frying pan and right into the fire.
Oops….here is the link:
Quicksilver Markets by Ted Berg from the Office of Financial Research.
http://financialresearch.gov/briefs/files/OFRbr-2015-02-quicksilver-markets.pdf
Nice interesting article with balance, Bird.
What’s your forecast for the conventional markets for the short, intermediate and long terms?
Where are you putting your money?
For that jet to fall out of the sky like confetti, something really big exploded it. Not just jet fuel. Something really Big!
That makes no sense to me Chartster because the debris field is only a couple hectares and that rules out a mid air explosion. What bothers me is that there are no scorch marks or signs of a fire. That aircraft had a full load of fuel and a direct impact into a mountain face would surely have ignited and burned the foliage and aircraft parts. Maybe I need better glasses to watch the video though!
****** SO THE QUESTION IS……….DID THE POWERFUL CERN EXPERIMENT DESTROY THAT PLANE ******
Plane crash and Cern Experiment knocked out at the same time……….Cern is 199 miles away from the plane crash!
***** NOTE: Gold still on the move! ******
Gold should fail by Monday morning Mark. I would not get too excited yet. We have a downturn coming.
I ALREADY PREDICTED THAT FOR NEXT WEEK.
Of course you did, but I can explain why.
Bird cmon why is everything a competition with you? He said, she said, i said, etc etc. You and matt make good calls plenty of times. I don’t think you need to sell it to us and credibility is earned and not forced upon us. Let the viewers decide who we cheer for :).. Do your thing without the swagger, it shows a better person.
cheers 🙂
OK.
The Dow will likely be heading lower soon and that will be great for our miners and metals.
For SC subscribers, here’s a monthly look:
http://stockcharts.com/h-sc/ui?s=$INDU&p=M&yr=15&mn=10&dy=0&id=p72690730292&a=369186256
Nice chart matt..check your email
K
I hope you are correct with the inverse correlation of DOW and PM stocks, Matthew.
I find it concerning today: Many of the PM Miners are following the down-trend of Dow/S&P/Nasdaq, even though Gold/Silver (the metals) are positive
Brian
I think it’s just profit-taking. Many of the better plays, like Claude, are holding up very well. Considering its run and overbought status, Claude should need little reason to sell off if things turn even a little bearish for the sector.
I think we have a situation in which the (few) bulls are buying carefully so they don’t alert the skeptical/bearish heard that continues to nervously sell all strength.
The Dow priced in gold is on a sell signal.
http://stockcharts.com/h-sc/ui?s=$INDU:$GOLD&p=D&yr=1&mn=2&dy=0&id=p81738470220&a=371395409
Thought-provoking chart, Matthew.
Jan15 redux, perhaps?
That’s very reasonable in my opinion.
Oops, should be herd not heard. How embarrassing.
Good observation, Brian. The guys who survived and are still making money in the gold market are a pretty clever bunch. They sure as hell are not the usual trend following stock buyers. So what you are seeing is mine equities turn negative BEFORE or just in advance of anticipated gold declines. I think this is predictable behavior after several years of gold price declines and disappointments and it attests to the smarts of the guys who have survived this long that they take no prisoners anymore. In other words, everyone is now a mercenary trader where gold is concerned!
In other words….the love is gone. Doc is a good example of the kind of people who dominate the trade these days. If you listen to him carefully what you hear him saying is that he chooses buys with good technical set-ups and he is not shy about dumping those shares the moment the pattern changes to a less positive outlook.
That’s a good way to trade at any time but the point I am making is he is not married to his stocks. All of them are just profit oriented trades and nothing more where Doc is emotionally detached from the underlying asset (gold).
That’s why I say the love is gone. It was not so long ago that the gold bugs dominated these pages and most of them were buy and hold types who just refused to sell holdings despite the massive losses they endured.
They have gone quiet for the most part.
Instead we hear from the strategic players these days and those contrarians strategically positioning for the next bull. It will come alright. Just a matter of time. But first we need to see gold finish this declining trend.
** Doc…if I have you wrong feel free to rebuke here! What I am seeing lately though is the gold traders like yourself are just smarter and less willing to take risks that so many guys in the past took.
Good Gold stocks are a BUY NOW !
I looked at buying some kraft about 2 months ago. But i did not do it. Still have a slow uptrend in Dr. Pepper stock. My preferreds are slowly moving up i think its apperant that interest rates are going to sstay low for another 6 months so some corporate bonds and preferred stocks may go sideways or move up slightly in value. What do you think. S
Still holding NUGT. I need gold above $1200 so that I can take profits.
jason you have been absolutely on fire with nugt and dust call.. Please throw us a free bee when you decide to go dust.
It perturbs me somewhat that on a day when Au and Ag are both up SLW is down.
All such securities are still paper.
SLW missed their 4th quarter expectations.
BDC, SUCH “paper” securities still represent real cash flow. I would not disregard all stocks as being paper and thus of dubious value.
On the other hand the tech stocks of the late nineties were paper assets without value other than a hope and a prayer.
Paper is Paper.
Rock is Rock. Scissors are Scissors 😉
And gold rocks but is money. 😮
Gold rock is 4 X leverage money!
Yup
Sounds like none of you ever played the game. Paper ALWAYS beats rocks.
Well PM nerds it looks like I might be taking profits today.
Much of SLW’s purchases of silver are at $3.50 per ounce, although it is not able to bring in new assets at such beneficial terms.
Alexco is a 25% stream of SLW. Not producing the expected 2 million ounces right now In fact, ZERO ounces ,as the mill is shut down until sliver price exceeds $19)
Brian….they may be closed for awhile. .years ?……
We will know more at the next quarterly. But … it has been implied that if silver reached the $19 area this summer (and stabilized) that the mill would be turned on. Unfortunately, they have almost no money left to actually mine the ore. So – I’m guessing the CEO will decide to sell their environmental division to raise money for mining. The potential for Alexco is breathtaking if silver ever gets above $50. So, yes Alexco is a multiple year hold for me.
COOL IS THE WAY BUY BUY BUY !
I agree, Brian, the potential is breathtaking. And there’s this:
In June 2014, Alexco announced it had come to an agreement with Silver Wheaton Corp. to amend the silver streaming agreement originally dated October 2, 2008, such that the fixed US$3.90 per ounce silver streaming production payment can be replaced with a variable production payment based on the spot price of silver, with significant positive implications for Alexco and the Keno Hill Silver District in general (see news release dated June 16, 2014 entitled “Alexco Announces Amended Silver Streaming Agreement for Keno Hill”). The amendment is subject to the payment of US$20 million by Alexco to Silver Wheaton, and the date by which the payment is currently due is set at December 31, 2015. (see news release dated November 3, 2014 entitled “Alexco Announces One Year Extension of Silver Stream Amendment Buy-Down Date”). Nauman emphasized, “This amendment to the silver streaming agreement is an opportunity – not an obligation – for Alexco. And while I believe it is very important for Alexco to implement a redefined streaming agreement, I am not willing to do so at the cost of diluting our shareholders in the current market. We will continue to look for additional solutions to this issue.”
http://seekingalpha.com/pr/12940396-alexco-reports-fourth-quarter-and-year-end-2014-results
Do you happen to know how much it will take to restart the mine? Alexco had $11.3M in working capital at the end of 2014.
BRIAN ! Monopoly games in ALL companies now ! car full ! Cool ! And BUY !
I don’t know how much will be needed but as you stated, they don’t have enough.
“With its cash resources and net working capital on hand at December 31, 2014, Alexco anticipates it will have sufficient capital resources to carry out all of its currently-anticipated exploration programs and service the working capital requirements of its exploration activity, environmental services business and corporate offices and administration for at least the current 12 month period, although a re-start of mining operations and new mine development will require additional capital investment.”
And for me too!
Hold your breath at 13 mins 30 seconds into Celente’s blog.
was Celente drinking ? he acted like he was looped…..in front of a bar…..he doesn’t make sense anymore…
You are telling me. Those were exactly my thoughts Gator. Like the guy has become senile or something with all those looong pauses between sentences and ideas. He does not explain his ideas anymore either. Most of the conclusions are left up to the viewer as he reads off newspapers.
Maybe more booze would help.
Andrew de Berry,
I wish I didn’t watch that link of yours. I feel sick. i’m glad I don’t live in your country.
You are obviously confused.
I u don’t live their either?
Andrew de Berry,
Watching a senseless execution is not my cup of tea. That should not be “confusing” to you should it!??? Sick indeed!
I think you meant to address BDC not Andrew?
Senseless execution? You mean like
Ukraine, Syria, Libya, Palestine etc?
Btw, that was not Andrew’s country in the clip.
Mathew,
thanks, I see that now. Just wish i didn’t watch that clip. I should have seen that coming. Years ago I lived in NYC and saw a guy shoot a gun and it really freaked me out. I hate guns that are not used for hunting purposes.
BDC,
You are conflating two different things . Revolutions and suburban U.S cops should not be equated.
We had once said ACAB:
“All Cops Are Bastards”!
But Israeli trained cops
are the true bastards !!
revolutions???
But I agree that was a very disturbing video. To make it even worse, it’s unlikely that policeman received any real punishment for what he did.
Wondering what is happening in Greece. It has been quiet.
For what it’s worth Lawrence.
http://www.theguardian.com/business/live/2015/mar/25/greece-independence-day-bailout-talks-live-updates
The spike in oil is unwarented. Its based or headlines about Yemen possibly affecting oil production in Saudi Arabia . Yemen produces no oil at all its completly isolated. it has no roads too Oman a minor oil producer, and no roads to Saudi Arabia . Saudi oil fields are more than 1000 miles north of Yemen. So oil price will continue to drop in a few days. Best to all S
That’s my thinking as well. But you know, algos and traders only look at headlines these days. That being said, the situation over there is going from bad to worse. It’s another potential black swan event.
Heavily armed camels have been reported on the Yemeni side of the border 😉
BOB , Yes being led by Victoria Nuland.
I hope she brought enough cookies. I hear those fighters get mighty angry when they don’t get their Oreo fix.
Camels? I thought they drove Toyotas these days. Well, at least ISIS does……
Doc – I see that XON is finally down to about 40 bucks. Another 5 to 10 bucks drop this week would be nice 🙂
Bob, I sold my position in XON since the technicals were looking dicey. I expect XON to potentially see about 31especially with a general market sell off. I also sold my FEYE which should come back to about 36.
Thanks Doc.
*** WELL, we closed up today on gold and we almost hit that $1200 mark, so another good day! ***
Like I said on here the other day, my system shows gold going up as a green bull but slowly, and it has done that so far each day…….NOW………..AS FOR TOMORROW…..
……I’m still seeing green……and tomorrow is options expiry day, but I’m still showing green for MARCH 26,…….SO GOLD WILL RISE A LITTLE MORE TOMORROW !!!……I see currently three blinking red bears out of 17 green bulls for MARCH 26, 2015.
**** PLEASE NOTE: if anything changes latter I will let everyone know, but so far it’s ANOTHER GO FOR TOMORROW.
” Four days in a row…………….not bad !!! “
Incorrect Mark – gold down thirty cents today.
You wish!
Don’t Rev, Mark is just a person that likes to add tothe entropy of the universe by repeating his inane predictions on the price of gold.
He simply has taken what happens one day to predict what will happen the next day. Others simply say the trend is your friend.
Statistically, it is surprising how often trend-following actually works.
This year it has been higher than usual, working about 80% of the time.
(That’s better than most experts are able to do.)
I omitted the word ” worry” as my second word, Rev
AGAIN…………YOU ARE BOTH FOOLS…………..AND YOU ARE JEALOUS………….THAT’S SAD…………..VERY SAD !!!!!!!!!!!!!!!!!!!!!!!!!!!! GOLD IS GOING UP………….DUH !!!!!!!!!!!!!!!!!!
Well tomorrow is a COMEX expiration date …
Gold is being stalled here at 1200 and silver at 17. These have no real significance except that they are ‘headline numbers.’ . Let see what’s happen tomorrow …
I am not sure what you mean by headline numbers but both gold and silver are just now bumping up against pretty firm resistance. I think that metals prices are about to turn down again soon and if they do it could be a very negative outcome for some time.
What I am looking at is not that the metals are showing a pattern of multiple bottoms along their support (a potentially negative indicator on its own) but that a head and shoulders formation has appeared.
Look at a daily chart to see what I mean. The left shoulder appeared back in December. Probably the major criticism of this pattern is that it appears after many years of declines rather than where an H&S usually shows up towards the end of a price rise.
So its validity might be a little suspect to some peoples eyes from that point of view but I am watching it anyway and not ruling out the omen because we are about to complete the right shoulder if gold and silver stall out here and begin a decline.
The stall-out would actually coincide and fit nicely with the dollar rising again towards its prior peak and making a double top. That is what I think is coming next week and will be the force that precipitates the technical breakdown in metals. Unfortunately for gold though, if it does fail here there is going to be some pretty serious chart damage as an outcome.
Let the wailing and gnashing of teeth begin (!!).
Anyway, we won’t have to wait long to find out if my idea is valid so I think its wise to be a little cautious right here (just in case). Personally, I am not leaning towards the idea that metals are about to stage a huge breakout so I continue to remain unimpressed with this little rally.
I am suspicious of the current moves as being nothing more than a dead cat bounce off the prior price decline (that started near 1305 for gold) and do in fact believe that we will get another leg down which will break major chart support on both metals.
Bird,
I agree with your observations. Gold should start it’s decline tomorrow at US market open and I’m expecting Friday morning to have the big gap down. This little bounce we have seen has zero steam. I actually do believe we are in the last few weeks and the washout of the bear market in gold starting now.
I also think the dollar is going to turn and make new highs in the period gold makes it’s final plunge. The bottom of gold and top of the USD should be only a few weeks from now!
Huge change is underway.
YOU BUY MUCH DOLLARS TODAY ?
Waiting and accumulating.
FORE DOLLARS ?
Chartster Keep Keep Keep ! https://www.youtube.com/watch?v=aCig5SYDuSY
Um, yes? I want all the dollars I can get my hands on?
Frankie, at the top of the dollar, I do want to go into other assets. So , yes.
Just waiting for that to happen.
Chartster, I don’t share your overall bearishness but there are many reasons to expect gold to be down tomorrow.
-Many miners put in bearish engulfing candles today;
-Gold registered a long-legged doji;
-Tomorrow is options expiration;
-Gold just had six “up” days in a row for the first time in over a year;
-Gold ran into resistance today.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=1&mn=0&dy=0&id=p47179521550&a=387228154
The pop in gold this morning has been capped, so far, by the 50 dMA. Silver remains above both the 50 day SMA and 55 day EMA.
Thanks Chartster. We seem to be watching the same things play out. The market can be a real bitchy mistress though so I won’t rule out that we exceed 1200 tomorrow and that in turn triggers a healthy round of buying. But it will be a set up for Monday declines as you suggested. When it comes to gold its about about taking from the poor anymore!
AAA ! A digit on a computer is real ? You will love slavery onder computers GOVERNMENT central banks IDIOTS !
Bird,
A real bitchy mistress ? ( understatement of the year) lol
It’s all about to finally play out tho.
Phew… ( wiping forehead )
Gold is quite a gal….date, but NEVER marry. That temptress will take you to ruin!
Paul Volcker ! https://www.youtube.com/watch?v=eru5j9SjTUc
YOU ARE WRONG AND A FOOL……………VERY SAD…………..GOLD WILL BE UP TOMORROW !!!!!!!!!!!!!!!!!!!!
YOU ARE WRONG……………….IDIOT !!!!!!!!!!!!!
THAT WAS FOR BIRDMAN AND CHARTSTER…………….BOTH OF YOU ARE WRONG…………GOLD IS GOING UP THURSDAY MARCH 26, 2015.
So far you are correct. Seems war broke out in the Middle East. Did you see that coming?
RICHARD – DOC ? Silver Wheaton corp New lows coming ?
Franky, short term SLW looks okay
Matthew, did anyone watch Paul Volcker’s interview that was mentioned by Cory on The Weekend show, maybe somebody could supply us with a link, it would be interesting. DT
DT, according to the website a video will be available but I don’t think it’s ready yet.
I’m glad you brought it up because I don’t think I would have remembered to followup on it. It looks like they’ve had a lot of great speakers at CMRE. Edwin Vieira, for instance, is worth seeking out on youtube or Amazon.
http://www.cmre.org/2014/05/edwin-vieira-may-2014/
Talk bad about CELENTE ….You Cowards…
Say it to his face in the fight club.
He holds a fifth degree black belt.
HA..all you cowards couldn’t beat Celente if he was blind folded.
Not only that he could buy all you cowards out 100 times over.
Bloggers who are cowards hiding behind a computer.
Gossiping B.S. BUNCH OF SPINELESS COWARDS.
Bird has nothing better to do with his life.
Seek The Lord before its too late.
GOD NR 888 ! https://www.youtube.com/watch?v=haWIxhfwP98
You should be permanently blocked from posting here, HH.
But yet you have a double standard…Bird.
All your vulgarity, degrading name calling and insults.
Then we should both be blocked.
You can dish it out but can’t take your own medicine.
NICE !!!!!!!
ditto…………I know bird likes dittos he told me so………………and dots
BIRDY , YOU got in 15 post today….I only had 2……..You sure were windy today ..ha,ha………..
DITTO…..DITTO….
HA….10,000,000 DITTOS…..and like it Bird.
Birdman still behaving like he’s teacher’s pet.
Nobody was talking to you so I suggest you back off because I have plenty more to add in your case.
Buffoon.
HH….you are a nut case…..
Coming from a sawed off piece like you…Haaaa..Haaaa
Clowns are funny. I’m thoroughly enjoying the entertainment.
HA…HAAAAAAAA !!!!! A spinless toothless gator man LOL
He’s like a full windsock…..all volume and no content.
KIND of like your info…..all volume and no content….MAGPIE
Monkey see, Monkey do.
see no evil, hear no evil, speak no evil……….now you have a threesome.
Matthew,
That was a pretty nice chart. I was worried about the 1198/1200 level breaking today. Being that it didn’t, makes me think we can get on with things and get the wash behind us. The cycle is a few days behind, but we should see some serious moves coming now. It also fits with the changing trading and banking guidelines which are upon us. And not to mention ” China “
There is news out that Saudi Arabia has been bombing Yemen and that Yemen has been over run by rebel factions. This is a new turn on developments in The Middle East that could definitely be very troubling. The US was using Yemen to fight Al Queada and now their drone base has fallen to rebel factions. The Middle East is becoming more dangerous and troubling with all these conflicts and now The Saudis have entered the fray. This will effect the price of oil and also gold. Stay Tuned! DT
I don’t know whether Saudi Arabia has a pipeline that runs through Yemen, Yemen is predominantly Sunni Muslim the same as The Saudi Royals if I am not mistaken. DT
You mean it will help oil prices the same way the war in Ukraine boosted gas? Ha!! You have got to be kidding. When Superpowers threaten to collide in Europe but gas falls by half and wheat does a face-plant you have got to question how Yemen is going to move markets much.
Saudi Arabia is not The Ukraine, The House of Saud is in a very precarious position and if they commit to War which they have it could be very serious.
I know. Just pointing out that Yemen is not Russia either. But as far as East Africa is concerned it cannot be a great development to have another unstable state bordering on strategic shipping lanes. Somalia was a big enough problem but ships could still dodge the trouble if they chose. But Yemen is literally on the choke point. Look at it on the map for an idea of what I mean.
It could drive the price of olives up a bit.
DT,
I think they are letting Yemen destabilize for a reason. Probably to come back and take over later, but let them do their own purging first.
Just a guess ( I really don’t follow that piece of dirt much )
Gold is defended at 1200 like before. Cannot remember how many time crossing this line.
Yup, hit it twice before breaking through. Now trading at 1202 but I am waiting on the Euro to decide what gold will do next. It’s kind of stalled out at 1.10 and hovering. Still early in the morning though so lots of time to make a decision.
Copper broke out and flew to the 233 day EMA. What is Dr. Copper telling us?
It’s telling me to let others worry about gold going substantially lower.
http://stockcharts.com/h-sc/ui?s=$COPPER&p=D&yr=1&mn=5&dy=0&id=p56949794360&a=385055785
Nice chart Matthew.
Which package do you have?
Just the basic but am thinking that the extra features would be worth it.
Thanks Matthew
CAD needs to wake up; or it will drag copper down again; as it did in early 2014.
http://stockcharts.com/h-sc/ui?s=$COPPER&p=D&yr=2&mn=0&dy=0&id=p01384211312&a=385055785
Looks like it is all coming down to what the dollar does, Irwin. Since it is off almost 9/10ths of a percent this morning gold has indeed caught a bid. Up to 2010 now. But will that hold till morning? Looks like a double bottom on the 5 minute chart so maybe a reversal gets going. It’s my theory (and it is only a theory) that the dollar wants to retest the recent highs before turning down more decisively.
Interesting, Irwin. We’ll see if copper can hang onto the little bit of fork support it’s sitting on right now.
http://stockcharts.com/h-sc/ui?s=$COPPER&p=D&yr=1&mn=5&dy=0&id=p93831711493&a=370688539&listNum=1
********* IT IS NOW 12:41 EST AND GOLD HAS HIT $1200.10 ************
“Self high five…………….MARK………….YOU ARE THE MAN !!!!!! “
good call..MARK…………
What about OPTION EXPIRY……Mar.26 TODAY……….
I already gave that prediction here on this page.
THANK Mark……..sorry I did not see it. j
read it , sounds great……..Hang in there
Just had a quick scan. Some great comments. Yup there no real fire power behind Gold. The PMs have had a decent bounce but seem to be selling off ahead a likely decline the same way they moved AHEAD of gold. I think we maybe done.
Some funny stuff Birdman!!! Great insights….. HEAVY don’t sweat the small stuff man life’s too short.
Pray for Sun in Van I need my Bird ( helicopter) to get me to Bowen Isl for the day. Got to pull some wire….
Funny you mentioned that Bill I’m sweating the heat here in Cali.
Drought and its all going back to desert. Kid you not.
Enjoy your flight and be safe !!!!!
Thanks!
One end of Canada is a snow cone the other is a puddle!
Thats funny Bill. : )
It’ a perfect place for gold to turn down. On the Euro hourly there is pretty good resistance formed right near the 1.10 level. My theory is that it goes back to retest its own lows at 1.05 but takes gold down with it as it goes. So the short gold trade is back on the table…..but the question that will have to be answered is will gold also retest the mid March low and reverse or will it break down.
That $25 move that just happened overseas is looking good on the shorts.
The imperative is that we ALL lose….
…. but none, none here want that, so
we fight with more than they sanction.
****** GOLD HITS $1202………….gold on the move! ******
The strong impulse above 1200 will be quite surprising to all of the predictive experts on this blog. I’m sure MARK !!!! is asleep, but his CAPS LOCK key patiently awaits him 😉
Interesting action in gold, let’s see if the miners will confirm it with an equally “interesting” rise of their own.
Silver is looking much better than gold lately (a good sign for the whole sector):
http://stockcharts.com/h-sc/ui?s=$SILVER&p=D&yr=1&mn=5&dy=0&id=p32499504168&a=400196003
Matthew
I cannot find Fibonacci overlay. Does stock charts have this?
Looks like 50% for silver.
Thanks ! I was wondering how to access the overlay/notes tools. I am going to read the ChartSchool notes on fan tools and Fib this weekend.
After you click on Annotate at the bottom left corner of your chart, you’ll see a horizontal row of tools at the top of your chart. The Fibonacci choices are right in the middle of the row, 10th from the left and 10th from the right. Just hover your cursor arrow over each tool and the description will appear. When you hover over the Fib tool, four Fib choices will drop down, including arcs and fan lines. Just click on the one you want, find where you want to put it, then click (holding the “clicker” down) while moving your mouse up, down, sideways.
Hey Doc you did really well this time around with a score of 189 to date!! Dare you to toss in a few beliefs of your own….lol!
Andrew, interesting comment. I do have strong personal beliefs, however, I’ve learned a long time ago to let my example and behavior to my family members, my neighbors and posters to speak for what I believe—–I’ve also understood that many have strong opposing views and debating those views more often then not changes nothing but instead invokes argumentative retorts. However, imparting info in a loving and respectful manner often gets protagonists to question their own hard line positions. Just a thought.
Well put Richard!
From Washingsblog — March, 22 2015
“How Effective Are Automated Comments? Unfortunately, this is more effective than you might assume …Specifically, scientists have shown that name-calling and swearing breaks down people’s ability to think rationally … and intentionally sowing discord and posting junk comments to push down insightful comments are common propaganda techniques”.
The article is here:
That Moron Who Spews Garbage and Doesn’t Listen to Reason May Be a Bot
http://www.washingtonsblog.com/2015/03/propagandists-use-automated-software-spread-disinformation.html
So think about that next time someone tries hijacking this site with repetitive off-topic comments about the advent of nuclear war, how Jesus is your savior, why other blog posters should be banned etc etc etc.
These techniques are all meant to sow discord amongst a group of posters and distract from the forums theme. They serve to drive normal well meaning contributors off the site while minimizing the messages of others that are often thoughtful and interesting. Such posts amount to a form of clutter (also called poster-pollution) that demean blogs, intimidate outsiders and waste everyone’s time.
I will repeat that it is my opinion Heavy Hitter be permanently banned from this site due to the tone of comments that usually have nothing whatsoever to do with the theme of the Kerr Report.
I believe the site is under attack and that needs to be addressed.
TWEETY BIRD…………YOU TWEET TO MUCH……………
THE COCK HAS to CROW……….
BIRD you are such an idiot………Al, is Catholic , to deny would not be in his best interest.
I am not an idiot, Jerry. You can take that comment back.
Yes you are Bird.
You need to be blocked. You will be going alone.
Oh, taking all your ruthless attacks and insults with you.
There’s a fairly simple, though time consuming, solution to keeping blog comments orderly. An example is “greater fool’s” blog; all comments go to moderation. He posts one topic per day and gets on average 200 comments. I doubt he checks the comments himself, but he might.
My comments to this post are on Docs yesterday blog last post.
Bird is making a mountain out of a mole hill.
Nope. I am making a valid point. I could not articulate it before but after reading the posts from Washinton’s Blog I realized exactly what was going on and what’s the deal with all the garbage you spew week after week.It is about how you create divisions between people that never existed using hot button issues and heavily slanted emotional language.
In short….you have got to go.
Bird…Your two above posts are a load of rubbish , nobody on this site does that .
BTW…What do you all think of the ruling that just came out of the EU that says all dogs in EU countries must wear nappies when outside to stop them pooping on the pavements , crazy what.
DITTO……….DITTO…………..DITTO……well said IRISH……….
Those are my point of view. Read the articles linked on the other thread. I don’t need a consensus view to express what I feel in any case but as far as this guy goes I think he knows exactly what he is doing with his bizarre confrontational style, mocking, badgering etc etc. It is systematic. And he is doing it with quite a bit of success since it is not really being addressed. I am just saying the obvious and calling the kettle black.
Irish…Sounds like a load of poop to me…not that unusual though…look what they allowed to happen with the radical muslims….could destroy the state…
Bird, Ive read about that stuff too but didn’t think of it.
You could be right, maybe HH isn’t off his meds, maybe he is a bot.
Makes sense actually, there are actually a lot of people employed by governments to disrupt sites.
Its part of the police state crap to keep people from sharing information.
I hate this police state stuff, Harper wants Canada to fight in Syria now as well he wants to pass bill c51, the spy on Canadians bill.
In any case, my guess, Al and Cory will disagree with you and do nothing about HH.
Al has already stated he likes HH “Jesus” stuff.
lol, “Jesus” stuff is a pretty good tactic for a bot, a lot of people would put up with the disruption due to the word “Jesus”, good thinking on their part.
AL has WISDOM…….
Yes bb, religious angles (attacks) are one of the favorite methods of forum disruption when they are heavily mixed with accusations and emotional hot button commentary. When it gets bad enough sites are completely destroyed as everyone stops reading and posting. In the past weeks his approach has revolved around the end of the world, Armageddon and nuclear holocaust. Before that it was badgering of individuals in a divide and conquer method. As long as everyone understands what is actually taking place it is easier to deal with. No, he is probably not literally a Bot but his technique is fairly sophisticated and it is effective in shutting down discussion and debate. Notice that when he attacks a thread that almost nobody adds a post after that? It is systematic bb. He is not a Christian in my view but rather one who uses Christianity as a weapon on public sites.
blah, blah, blah…….No one is going to stop posting information , if they are an adult, and they have the ability to SKIP OVER IT. But, you sure like to post and reply.
Bird, also several days ago you upset more than just a few
posters with your pushy arrogant insulting attitude.
You seem to be disturbing more people on here than me. You
left and quit posting for several days because of it.
No one is going to please everyone but I’m certainly no worse
than you.
Everything must evolve around you. Thats how it always is or your
not happy. Besides, I don’t post that often and its not during heavy
traffic with posts. You over react. I never attack anyone. Maybe between
you and I but you seem not to take it seriously and then you go fickle
again. Whatever, I’m not in here that much…seldom to worry about it.
I have been considerate posting during very slow traffic later in the evening.
Bird, if I go, you are going with me.
I don’t post very often anyway.
No…you are going alone.
No, you are going with me.
Otherwise, there will be trouble.
Not fair I go and you are much more abusive than me.
We go together.
Another mad ruling from the EU…If you fart in earshot , or nose shot of a police officer , or traffic warden , you can be fined on the spot….mad mad mad.
I would like everyone to comment on my two above posts..Re the EU…This is very serious & we should all be discussing it , rather than the stuff we normally talk about.
IRISH…….who is going to interpret the rules, Who will collect the evidence….lol
Tony, there is a litle town in Alberta tying to pass a law preventing 3 or more people from gathering.
Its “police state” stuff, we got he government we deserve.
The only thing to do now as far as I can tell, is learn how to protect yourself from it.
Its not gonna get stopped. so conversation regarding how to protect ourselves from it might be good.
My first suggestion would be don’t leave your house without ID.
My thanks to Big Al makes this site open for all to express themselves.
Censorship is not welcome here and I applaud that.
Ditto……………….and a dot for good measure………..
Most popular blogs have been forced to confront trolls with one technique or another. One of the most popular ways to discourage disruption is to have a moderator review posts. This is hardly a new thing and I would not call it censorship. The blog world is different because most people are anonymous and some take their freedoms to extremes that would not ordinarily be seen in public company.
Bird,
If you dont like hh just ignore him. I personally am fine with him. We really don’t engage much in conversation as im interested more in daily charts and miners to be more specific. Let this be a free posting blog. No mother or father jokes or f this or that. Other then that ignore.
It’s ok. We have not had this kind of conversation before. Nobody ever articulates what the problem is but once that is done it puts some things in clearer focus. I am just calling it like I see it without hedges or apologies.
Just so he knows it too. It’s OK to push back sometimes.
My message….BIRD is waiting for you on Frank Holmes..forum
I’M TIRED OF BEING ABUSED BY YOU AND YOUR FRAUDULENT ACCUSATIONS.
Plus one glenfidish………love it, well said….Did I say I like your comments.
Thanks J
Like your as well!
Well said glenfidish – HH is a dream compared to nightmare Bird.
Did I ever mention I don’t like Priests? One day I will tell you why and illustrate my point with a wide ranging collection of major media articles and research into the minds and motives of that class of people who pretend to be community leaders.
But why wait? I have time Andrew. Just ask me my opinion on your class and we can get started. 😉
Your opinion….yawn!
ditto…….and a dot.
Tweety jump in before me,,,,,
the…………..ditto……….and a dot………..
was for ANDY.
I am pretty sure Al, Doc, Rick, Gary, Chris and Cory are all bots. There interviews are all computer generated voice bots using AT&T Natural voices program . They are designed to propagandize the world.
Beware nothing is real, it is all a conspiracy.
Dave. I have to disagree….EEEEEEEEEEE…glitch , disagree,disagree,disagree ,disagreeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Interesting mainstream media article on the changing Gold / $US relationship.
———-
Gold’s moves are sometimes linked to the dollar, with the metal often trading inversely to moves in the greenback.
But “changes in global markets and the structure of the gold market should soften the dollar’s influence on gold in the long run,” said Artigas.
Part of the changes he mentions is the rise of Asia as a trading hub for gold. “Traditionally, Western markets were at the center of trade,” Artigas told MarketWatch.
But “in recent years, we have seen increased interest in trading hubs in the East,” including the establishment of the Shanghai Gold Exchange, the Singapore Gold Exchange as well as Asian-tailored product launches by the CME(CME) in Hong Kong, he said.
Gold demand outside of the U.S. has no clear-cut link to dollar movements, with Chinese demand having been as likely to rise when the dollar strengthens as it has been when it weakens, Artigas said in the report.
———-
http://finance.yahoo.com/news/gold-relationship-u-dollar-change-121738729.html
Brain,
Good article, and true.
Yes, Brain must have a big Brian! 🙂
Sorry Birdbrain……..but gold was going up before the Saudi conflict.
GOOD CALL MARK
THANKS J.
No problem……….YOU deserve it, you were spot on.
MATTHEW AND MARK………ALL GREAT CONTENT.
Yes, well done Mark.
We had a 25 dollar move up in a couple hours that was unusual and can be attributed to news that Saudi Arabia and a group of other Arab nations have launched a new war in the Middle East with airstrikes on Yemen.
INFO. Jobless claims fall 9000……..maybe because the boomers are retiring at 10,000 per month………..Just saying………………………………………………..OOTB
10,000………..?
the number is to low……….should be 208,000 month…….IF you figure.75 million boomers over the next 30 years,(because some will have to work until they die)
that is 2.5 million a year divided by 12 months in a year……………..that is 208,000 a month….divided by 4 weeks.(4.3)………………..is 48,372 per WEEK……
Have a great day Al and Cory.
GDXJ has now filled its March 6th gap and looks ready to accelerate its move higher.
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=0&mn=7&dy=0&id=p75459107893&a=387247512