Is everyone now focusing on Greece?
A quieter day on the markets let’s us take time to chat with Gary about the headlines focusing on Greece. How will a Greek exit impact the markets and currency?
Click download link to listen on this device: Download Show
Tuesday’s reaction had a lot to do with Fri Yellen’s speech, interest rate hikes are coming
Will Greece fear the spot light as Traders focus on the Dresden G7 Summit
Great point its June 7-8
No way to know-guess how a Greek default would play out as we won’t have all the details to how it will be structured
What if letting Greece default and perhaps remove from the Euro$ send the Euro way higher as you’ve just cut off the arm with cancer, then again who is next Spain, Italy?
Going to be very interesting
JJ ….Its the …APOCALYPSE in the months ahead.
Game Over ..buddy !!! Everyone is in denial.
Profits, wannabes, dreamers its all coming to
a very tragic end. For very valid good reasons
too. Judgment is coming. Its assured. 100%
Perhaps you’d be better off posting at thendoftheworld blog HH as I’ll continue to trade and when I see the huge flash outside my window my last words will be SH!T B.M. and HH were right!
See you in hell
JJ…the truth enrages you. Thanks for the confirmation .
When destruction comes the great majority the group
you have chosen will always be wrong.
As long as you realize that. You have been warned.
Hopefully, you will open your eyes.
The signs are everywhere. .JJ.
Remember, don’t bet on “end of the world” scenarios, they only come around once in a lifetime
Very true. However, hell is for eternity.
The pride of life, lust of the flesh and
the things of this world are blinding
everyone of the truth.
That’s great! Once in a lifetime!!
LOL jj
I’m with you. There will be no Apocalypse unless someone falls on the NUKE button.
I don’t take anything for verbatim…
So far so good on the gold call here http://www.avaresearch.com/articles/1491/The-California-Gold-Rush-Of-The-Twenty-first-Century.html
There’s trouble brewing again but if you listen to Rogers, YEARS ago we were out of bullets..Marc Faber said by 2014 we would have another melt down that would make the prior look like a picnic.. Well……who’s your Daddy?! I need to call JFT from Sprott again. He has insights that many can’t fathom…
I thought JF Tardif left Sprott and went out on his own as him and Eric disagreed big time with the firms overweighting in the pm’s sector
LOL…Bill…you’re too confident regarding a world
that’s fraying and completely in moral decay.
Here’s my prediction that will come to pass.
Complete destruction will come to the world
by year end. Too bad Bill, you and others have
no regard for eternal wisdom.
JUDGMENT IS ALREADY HERE BILL..if you would
only open your eyes. You Bill, are your own worst
enemy. A Big Bad Bill Story ……..pride goeth just
before the fall. Ha…Haaaaaaaaaaaaaaaaa !!!!
THE APOCALYPSE IS HERE…BILL…open zzzz eyes.
Check my comment in the section re: Interview with Chris T!
I really don’t think that any of us are going to spend any time in Hell Original.
Heck , it is your show, you can think anything you like………. 🙂
I hope Gary is right about a mid-60s run on oil.
The $Tran is trying to get back inside the key support it broke Tues off the 2009 lows on the daily chart, perfect place for a back fill then roll over or it succeeds in regaining its bullish trend, we now know where the upper resistance is if it can defy gravity, again!
http://stockcharts.com/h-sc/ui?s=$TRAN&p=D&yr=0&mn=5&dy=0&id=p34145699189&a=409799055&listNum=1
Exactly. I was originally working with the fact that the other indices should have broken a bit lower with the TRAN at the 0.618 retracement level of the Oct low to high.
It’s either the pause that refreshes or continuation.
and that Doc regardless of anyone’s opinion or watching the chart today suggests we just need to see what road its going to turn into, sometimes we just have to watch paint dry
Agree. It is also directly on top of the 2011 weekly channel as well.
Sorry for the confusion. This is another Richard. When DOC posted, I thought he used the handle DOC.
Doc uses the handle RICHARD-DOC.
got it Richard, thanks!
jj please do NOT be so flip. I like and respect HH and his comments are germane to this site, even if you don’t fully agree with them. Greg Hunter in today’s interview with Bill Holter speaks of the very real risks now running in the seas off China: Talk about brinkmanship with possible dire repercussions, and which goes unreported by the western media on account of bringing shame on the U.S.
So stop scoffing and be more civil!
You and HH sould really join a cult, well you are already part of the biggest con game known to man, anyhoot go post at the.ene.of.the.world.blog last I cheacked this site is called K. ECONOMICS. R its about investing, trading not the end of the world.
If it comes great I personally have no regrets and if it doesn’t I’ll still need to wake up every day with the bullish outlook I’ve always had towards LIVING
Sorry JJ….its my opinion. Not a cult.
The signs are screaming at you and
you insist on joining the majority camp.
Suit yourself ..JJ. I’m not twisting your
arm. You have your own free Will.
Do you realize the financial crisis that started in 08
is still currently in play.
The real crash and burn is now bringing us to The
Apocalypse. Its the bitter end and all these mirages
of more debt is exactly a mirage.
We have a NWO and world war thats coming.
Ha…..do you know what that means. APOCALYPSE
Its already begun.
These attitudes are not exactly contradictory, at least in my mind.
I personally am pessimistic regarding the direction of society, but very optimistic regarding my personal existence.
You think that I am crazy?
Great to have you back on air Al, A
This is the truth Big AL….
God has promised us all an eternal inheritance and we
are royalty, sons and daughters of the Highest. We will
inherit all of God owns including the universe’s if we
just believe in what Christ Jesus did at the cross.
This world can’t compare to The Kingdom Of God.
No life here living at its best compared to our new
life is compares either. Multiply X 1,000,000,000
if one could possibly place the difference on it.
Gods Word is precisely accurate and predicted
all the events that are currently taking place.
This proves every word is true. God is for us and
not against us. God is against evil though. So if
we continue to enjoy this sinful life and in denial
regarding the same we will face the eternal
judgment.
We all have our free Will and a responsibility to
choose. God told us if we are a friend of this world
we are an enemy of God.
This world is not our home. Those that believe this
wicked world is their home…will perish.
ojj:
If you were pounding your jaw like you pound your keyboard, you would need a mouth replacement. You are not the font of all knowledge. You can’t read a chart and don’t understand logic and both of those talents would help you a lot. If you want to beat on people all the time, why don’t you buy a dog and see just how much he approves of you?
Bob
This is not an industry of logic. Its more witchery than anything…
Charts work to a good degree. Contrarian thinking to another. Fundamentals matter most but a tough as hell to scope the big picture.
Combine them and maybe you can survive…
Sitting on gold sure is not the answer..5-10% maybe….
Its fine Reverend Andrew. I understand his concerns. This world
has blinded the majority this will continue until the very last day
just before destruction. The tragedy thats coming should not be
over looked but thats one of the signs the end is nigh as the majority
ignors all the signs. I’m being a watchman and must warn. Its getting
critical.
Watchman………great job, appreciate the effort…To wake just one will be a win……..
Thanks Frank. You’re correct. I also learn how
this world is so incredibly spiritually dead. Its
the same in here as in the outside world.
Pastors who visit America are shocked how bad
it is too. Our nation is evil now because Christians
are treated like scum dirt in the US.
We are on the verge of destruction. DT is correct and
points out how America is on its path to complete
collapse. Its happening right now and its not coming
later but now. People think we have more time. Not
so.
Many Christians need a little shaking up. They also, have become dead, and accepted many things , just to be in the “in crowd”(world). I would venture to say …80% do not read the bible on a daily basis, and would be considered “baby Christians”, in need of some meat. The meat is only obtained, when the diapers are off.
Couldn’t agree with you more. Nonetheless, our nation is
in a very bad spiritual crisis. Unprecedented !!!!
God is mocked by almost everyone.
Then you have apostasy and doctrines of demons.
UNPRECEDENTED AGAIN.
We are in a very dangerous place right now.
The nation is in or going into judgment.
Signs are everywhere. Look up…your redemption is close
at hand. We are very close to complete destruction.
BTW…there is no repentance. Gay marriage will
be decided on and all we have is blasphemy against
God.
You name it …god of money etc.etc etc. its ….
ALL BLASPHEMY…..its huge and on a massive scale.
I would have to agree………..HH…….
In the military you can’t mention God or be a Christian
All government agencies the same.
America is ready for the big fall very very soon.
Not later.
The facts speak. All I know is complete destruction will
be the result and much sooner than we would all like to
believe. Very difficult to accept but we must live by the
truth. Everyone is in the dark. Its only getting worse.
Again , I have to agree……..
Unfortunately. Bad news for the non believers
sitting on the fence.
However, its only one piece of the puzzle out
of a hundred reasons why judgment is coming
upon the land.
Still, with world war 3, unpayable debt, corruption
and its goes on and on….everyone remains blind.
Few are concious. Oh, they have put off the day of
reckoning alright just to build an apocalyptic collapse.
This is where we are. Dominos will just be flying not
falling. The final climax. And no recovery in sight.
Setting on the fence is not an option………..it is called NON BELIEF………and a choice.
FOR ALL have been shown………….
ALL are without excuse………….
Exactly right. And the mocking and scoffing.
Blasphemy. …all going to judgment.
No repentance. …at least say your sorry.
Right. …but no….. they refuse….
Lovers of themselves and they are their
own god.
A disaster in the making for eternity.
THERE YOU GO !!! judgment on the way.
FOR ALL will be judged……..some will not fair so well.
Ya well, put a good word in for me.
This ole dirty rag here could use a
boost.
Not @ … boot. 🙂
You’re in good hands…..God’s got ya covered by the blood.
OOTB………You can count on it……. only on the blood…….
Yep, precisely… all by grace.
Its good news. I do not want to
be here when this world goes
dark.
Going to be chaos everywhere.
Its difficult to see it right now
because the world has everyone
blinded. Money is leading most
to destruction. Things of this world.
They just can’t see past any of it.
They have heard all this doom and
gloom before. Satans tool to decieve
the great majority.
I call it…THE GRAND DECEPTION !!!
WEAK CROWD……WEAK MINDS………..looking for the WEEK END
Enjoy, thanks for the fellowship.
Grateful and have a blessed week 🙂
ditto 🙂
btw..weak minds etc. couldn’t agree more
Agree with you Reverend!
Come on crease your face a little jj. Methinks you protest too loudly.
“Creasing your face a little” happens to be a very good idea. I have to remember to do it more often!
“A long habit of not thinking a thing wrong, gives it a superficial appearance of being right, and raises at first a formidable outcry in defense of custom. But the tumult soon subsides. Time makes more converts than reason.” ― Thomas Paine, Common Sense
WHY STOCKS WILL CRASH IN TWO CHARTS
http://www.theburningplatform.com/2015/05/26/why-stocks-will-crash-in-two-charts/
One day, (I’ll let the chart show the trend) the mother of all short positions is going to be the European indexs, Japan and the mother lode the US unless of course they ban shorting, again.
The higher this goes the better the short!
Marty gets a lot of hate mail from the gold bugs, imagine his hate mail from those who suggest the Feds will NEVER raise rates, wow!
Who cares JJ. The FED is doomed.
They can’t continue to be god like.
All going to crash and burn. Jade Helm
is martial law.
They know very well they can’t keep the
balls in the air. Interest rates will be forced
up. The empire is broke.
Martin Armstrong is a gold bug and agrees it’s both going up and will be part of a future financial system after systemic failure of governments and financial systems. In his poor use of English as with yours, you confuse gold bugs with permabulls.
There is a world of difference between Bill Murphy and gold bugs. Murphy has made gold bugs look like nut cases when even guys like Martin Armstrong agrees there is a role for gold in the future.
Interesting comment Robert.
By the way, enjoyed chatting with you and Barb earlier today
THANK YOU, Mr. Moriarty!
THAT was spot on!
DITTO
There are some people on every site that never think they are wrong. The problem is they don’t keep it to themselves. Which is ok if they are respectful and leave the door open a little bit, that they could possibly be, maybe a little bit wrong.
Very well put gregd – certitude is no-one’s prerogative.
For some reason I’m unable to post today’s David McAlvany’s interview with Alan Newman. The gist is that with the Dow/dollar ratio currently at 15.3:1 there’s no reason why it can’t get to 5:1 meaning that gold could go to $3600. Who cares if we need some further patience after four years of waiting?
The Dow/gold ratio already hit 5.82:1 in 2011. I think it’s ultimately heading below 1:1.
Wow Matthew.
I would tend to agree with you on the direction, Matthew. And that’s one of the charts that makes me believe that we don’ t see the next move lower any earlier then late 2016.
Speaking of Armageddon three pictures down there you have it – at least for one little girl.
JJ….soon….recovery will not be an option.
They came, saw and it was over. Jig is up…JJ
http://www.youtube.com/watch?v=ZoPVoAzS9z8
JUDGMENT IS COMING. ..JJ. Take heed !!!!!
I have no comment. How can anyone rationalize this?
Nuclear war may not be rational.
However, they are getting ready
to use them.
I never signed up for it either. BTW.
God is my refuge though. Fear not !!! G.H. usawatchdog.com
HH we need judgment soon because the cartels are running the planet in Various areas. Thats where some real issues are. They own half the country or more..Middle class are screwed.
Bob You said Armstrong never made anyone any money?! We shale see on his 2015.75. Maybe a belly flop?
jj I left you a reply up top. I’m with you but with a caveat…Gold will have a rally again…Some day. Assets are pretty bloated and some loot may head there. Gold you have to know when to hold / Fold.
Agreed Bill !!! 🙂
Bill:
You need to sign up for the same English lessons ojj needs so badly. What I said was someone should post an actual trade they made based on advice they got from Martin Armstrong. I don’t doubt for a minute that he’s a very bright guy who understands a lot. But what neither you nor anyone else has posted is something saying, “He said this on this date, I bought this and sold it later at Y profit.” In other words, I hear a lot of interesting stuff and no actionable investment advice. I agree he said the dollar was going to go up and why but who profited from that advice ever and how did they know to end the trade? You have sent me a hundred emails telling me I am stupid and running a con because I didn’t provide advice to you personally as to when to sell. Sorry pal but you have to take some responsibility for your own investment decisions and you seem determined not to. Now you are sucking up to some other self proclaimed GURU.
Gold started a rally in November and one say you will actually get it. Or then again, maybe you won’t.
Bob you call this a rally?! Seriously LOL..The DOW had a rally…you should compare them.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=1&mn=8&dy=0&id=p07800763285&a=364990870&listNum=1
Its treading water and that’s it until its not.
MA sure as hell isn’t giving point to point trading advice that I agree on. Hes anything but my hero. He may have some of the big picture but has been wrong a lot…like yourself…Its darkest before its dawn?? Oh really as its been dark for quite some time. Why bother pushing PM stocks in a BEAR MARKET?? Please tell me how that helps…?
There are so many bloody gold bug con men sitting around that every time gold rallies for a couple days they are pushing people onto the bus….Its probably and excellent indicator that there will be no rally..
Did you get that way back? You said it was the worst time to go into business about 4 years ago. That was your call, and DEAD wrong…In that last 10 years a couple of guys that had some money pretty much bought up the town I was in..
I was the idiot to listen to you and sold a solid business to them. They ignored all this bullshit and who laughing now? Not me..Duffus
Hell of a rally Bob…
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=1&mn=8&dy=0&id=p07800763285&a=364990870&listNum=1
Oh I’m sure it will Bill (rally hard again) I’m not a gold perma bear I just trade it, Marty has a $5000 target which I hope it never comes close as its not a world I want to live in, I’d rather it goes to $50
Its funny how the gold bugs are now in Marty’s camp knowing his ultimate target but hated the guy since 2011 when he suggested the Dow would out perform gold, correctly as we ALL know. I’m just trading the swing with no opinion on where its going.
He gave us his target back in ’09 and said it would happen in ’16.
It’s funny that less than ten years ago, the authors of many articles used to write that they hoped we’d never see $2,000 gold because it would not be a world they’d want to live in.
Well Mat I’m very fortunate as so many in the world have been living in hell since the US financial crash, the debt issues in Europe, the levels of youth unemployment around the world, have a look past your front door as when gold was reaching for $2000 many in the world were suffering and still are, for many around the world its not a very pleasant place with little hope for the future and that’s at $1180 gold
And all that suffering is due mostly to central planning and that Marxist debt paper that Marty has the nerve to defend.
Wouldn’t know as I follow his trend calls and not his opinions, sorry
No need to be sorry. My point was simply that a $5,000 gold price is much closer to the solution than the current one. So I have to laugh at all the commentators who are critical of the current system but still hope that the price of gold never goes where it should in terms of this system’s paper.
Matthew!
Thanks for standing up against Armstrong’s illiterate army! My God! These people that listen to his BS about history and the monetary system are goofy!
I’m sick of reading his utter BS!
Chartster you want to win a spelling B or making some real money!
You frigging idiots have been follow the biggest scam artists for years especially the last 3 and we who have followed Armstrong have made insane money being on the correct side of capital flows, go ahead stand up and show us just how stupid you really are!
Just another voice that adds nothing of value here
Let’s see, you need Marty for your trading success and you don’t know or care about where you’ve been or where you’re going… I’m sorry, who’s the stupid one?
If that’s what you call “living in peace,” no thanks. It sounds like you’re living in piece(s) to me.
Matt it just so obvious that Marty and his followers have made a killing short gold and buying the Dow on the back of his computer calls and you’ve totally missed that trade, and your a chart expert? take some lessons they are free at stockcharts, good luck if you have any questions ask me
Try to open your mind and be like a trader just following the trend and the capital flows. The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate our analysis is at fault – not the market.
I’m curious, JJ, how do you know what I’ve missed? I was the ONLY one on this site that was bullish the Dow back in ’11 and ’12 and called for 19,000 before it had even taken out its ’07 high.
Funny, you didn’t have much to say back but now that you’ve found someone to worship, you’re Mr. Know-it-all.
And why don’t you spare us that useless quote.
Your so full of yourself Mat, you can tell me every wrong position I’ve had yet I don’t know anything you’ve done, the reason I post the most important message a trader can use is because the likes of BM is living proof how no money can be made while they are stuck on opinion instead of following the markets message, missing the 30 cents rise in the $ and the biggest bull in US equities in many many years!
Try to open your mind and be like a trader just following the trend and the capital flows. The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate our analysis is at fault – not the market.
El-oh-el! 😮
Has this place become nutter central?
The end of world?
Go get help or better yet grab the tinfoil wrap it around your head and listen to the alien whispers.
For the record you’ve said this for 4 years and about 3000 Nasdaq points. Or maybe 8000 Dow points, or maybe 2500 SP500 points…..
HH – What does this tell you?
Nothing Ken. Its all deception. Its all coming
to a very bitter end. In fact, all of the facts you
present are meaningless.
ONE BIG LIE AND IT WILL END ABRUPTLY TOO.
Keep that in mind. By year end…its assured. 100%
Why not beat the rush HH and jump today! seems logical to me and very leading edge, lol
You’re a real nice guy JJ….
Its not running from the truth JJ..its letting the
truth set you..FREE !!
Nothing worse than a big disappointment JJ.
All the wannabes and dreamers will be crushed.
I’m. ..FREE…..JJ……yeeeeee .haaaaaaaaaaaa
Free like a bird, jump! spread your wings, jump!
HH There is virtually only a couple that can predict market with any sort of accuracy. There is no one that can predict Armageddon..
That’s right JJ.
I can fly like an eagle. I can rise above
everything through Gods Word.
Its a lot of fun. 🙂
Bill, not sure if its Armageddon but it will be a close
cousin if not.
How severe is unknown. It will be severe though.
Its a 100 % assured. Stay on your toes. I happen
to know what’s coming. Definitely !!!! If your eyes
are open its not to difficult to see.
Absolutely CORRECT Ken. Hail-bop is returning. LOL We live in a criminal world but is the new norm. Its not going to end….10th time I said it. JFT from Sprott has nailed the markets for years. 2009 said it was the end of the commodities bull and de-leveraging would occur…he went to 100% cash before the meltdown…likes the US still.
Ken nutter central is KWNews this is the sister site KENuts
LOL I said that exactly a year ago. The most sensationalized garbage on earth. By going to that site you are supporting their dangers views and putting money in that fricken clowns pocket. Told them they were out to lunch a long time ago withe their words as the AMAZING, STUPENDOUS…and all the other sensationalizing words. They blasted me with profanity then cut off their email communications. Your and idiot if you support King in anyway..
If not Armageddon then we should certainly pay heed to what’s going on in the South China seas. Brinkmanship of a very high order.
http://www.alt-market.com/articles/2602-senior-nato-official-claims-well-be-at-war-by-summer
Rev if they nuke your church you’ll be laughing as you’ll be in heaven so its a win-win outcome, in the mean time deal in todays world of reality making money trading so you can donate it to all those that need it and if you go pooof! its all good, so cheer up either way its a win win!
Nice one jj. Don’t have a church as I’m retired. What I would say is what Lao Tzu (spelling) said something like: ‘Depression is when you dwell in the past, anxiety is when you dwell on the future, and peace is when you live in the present’.
Besides I don’t want to go to heaven and sit there whistling Dixie whilst others struggle on down here. That’s not my take on salvation whatsoever.
So peace my friend, peace, A
Well said A
Depression is when you dwell in the past = goldbugs!
Anxiety is when you dwell on the future = goldbugs and HH
Peace is when you live in the present = that’s me !!
I agree with Reverend Andrew.
JJ….you know you suffer from a psychotic state
of denial and a plausible nervous future breakdown.
You have a very difficult time facing reality. Not a
healthy mental state to be in. When you find out
the truth in the coming tragedy by all means the
odds are you will…Snap !!! Life will halt as we know
it. A meal will be a luxury. Its coming..JJ..
Haven’t you jumped yet!!….jump!….jump!…..jump HH
JJ….when the darkness comes upon this world
I can assure you its not me that will be jumping.
Its going to be more than you can bear. ..JJ.
Very tragic time for non believers and those
that tried to warn of the coming destruction.
Many will perish for eternity. Outer darkness. 🙁
Darkness will come when the sun goes super nova but for now just human problems..
Humans have rejected God. That’s the problem.
Judgment is now on its way. Its already begun.
OK. I have had enough.
HH … you WANT this to happen; for people to be miserable, starving, and die horrible deaths.
Now … stop and think … is that what Jesus would say and do?
I am the light, the way…….no one comes to the father ,except through me……
Hey FFM
If you are going to be a spokes-model for Jesus, you should correctly quote Him:
“I am the way, and the truth, and the life; no one comes to the Father but through Me.
since I did not look it up first…..I will go with your reprimand………. 🙂
WAS that a NIV….KJV………………
Free choice…….
BTW……just what would he do
Since, he already did the job…..on the CROSS…..PAST ,PRESENT AND FUTURE….what is left……
Brian, think about it. I live here too.
Gods ways though are not mine.
A God rejecting world is coming
to a bitter end.
The Old Testament and New teaches
God will pour out his judgment on the
land.
Brian, it’s happening right now. The very
worst is yet to come. Look around !!!!
Delighted for you jj!
Keep worshipping the god of money everyone.
When this nation and world go into cardiac arrest
and the tragic chaos to come should be no surprise.
Many church members are in great peril because they
refuse to reject all the lusts and things of this world.
Judgment is starring at everyone and the signs are all
around.
HOWEVER, YOU REJECT THE TRUTH ANYWAY.
Its all as God predicted would happen. You still don’t get it !!!
Ok HH recess is over at the nut house back to you padded cell, see you tomorrow unless you actually have the balls to end it tonight, it that case, good-bye!
The truth hurts…JJ. Thanks again for the confirmation
and judgment is sure to come. Very tragic time ahead.
Hopefully you will turn to the truth, before its too too late.
Bo good…JJ. 🙂
Be good !!!
This whole board is confirmation. So your not alone
JJ. I’m certain most feel like you.
Also confirms there were no positive comments
towards God and this spells tragedy ahead.
This is what happens just before great massive
destruction.
There is no god HH get on with your life!
Please JJ..your feet are on the ground
and the very air you breath is from God.
You take everything for granted. Even your
body was designed and there was a creator
who is God.
Here you go HH…the Trumpets of Hell. Probably no big deal but I thought you would like this article.
What Is Causing The Strange Trumpet Sounds In The Sky All Over The World?
http://endoftheamericandream.com/archives/what-is-causing-the-strange-trumpet-sounds-in-the-sky-all-over-the-world
Thanks Bird. I knew about it but nice you posted it.
Not putting much into it though. Who knows.
CERN is another wild card.
Judgment is certainly coming though. That part I
definitely know. Many will scoff but that’s part of
the judgment. Going to be a dark world soon.
God Bless !!!! Look after JJ if you can 🙂
Great ending comments..LOVE they neighbor as thy self……..That was a tough crowd , ….Keep up the great work.
I learned from you Frank ..:)
BARF!!!!!
You are so predictable TWEETY………… 🙂
God loves you , even if you hate yourself………
Doc-Richard, interesting intersection on the daily gold chart, anyone who doesn’t think following charts doesn’t show the trend is blind, get a seeing eye dog!
Gold repeats the 1st week of May staring Thurs or $1170 will be tested and better hold or $1150 is next
Spot on the support line off March low
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=0&mn=3&dy=0&id=p64514687486&a=409808860&listNum=1
If it bounces off support for and reaches a local high above $US1232-ish,. it’s officially a channel, eh?
The channel top comes in at $1255 I added to the chart, your welcome
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=0&mn=4&dy=0&id=p05031353926&a=409808860&listNum=1
Thanks, jj … Imagine if that happened?
I just meant the 1232-ish was the place to watch for a knife-fight. But, I really doubt it.
Dow $Tran put in a perfect back test right at the very key support/resistance trend line
http://stockcharts.com/h-sc/ui?s=$TRAN&p=D&yr=0&mn=5&dy=0&id=p34145699189&a=409799055&listNum=1
Interesting that Barclays (at efxnews) can see a 157 yen that’s 63 and if that happens gold will be hitting R.A.’s $800 target projections as $1000 is a chart print. This chart below shows how gold and yen trend trade together.
Gold was $1325 before diving with the yen July 2014 into that Nov and Dec lows of $1130-41 while yen fell 17cents, at todays price of 80.80 a 63 level = another 17cent drop suggesting another $195 fall in gold, seems like battle royal will take place at $1000 if yen continues to devalue
http://stockcharts.com/h-sc/ui?s=%24XJY&p=W&yr=0&mn=11&dy=15&id=p29890178159&listNum=1&a=409674070
jj
What is the FUNDAMENTAL reason for the Yen and Gold to correlate?
As a pure chartist (If you don’t care_ then it is just coincidental. Yes?
Brian
Its not a fundamental reason to me Brian, if it is to you then you tell me why it makes a difference.
Many times many sectors of the markets will correlate till they don’t, obviously every time those selling yen sold gold at the same time and bought the Japanese equities, I’d say a fantastic trade since yen has fallen 50cents! while gold has fallen from $1800 when Abe announce the devaluation of his currency and while short yen and short gold has produced fantastic gains the long trade has been buying the Nikkei index which is up 140% off the yen/gold high and 8500 Nikkei low in Oct 2012
Hope I simplified that enough for you?
OK. I am done. I am asking authentic questions and you belittle me.
say what? I don’t do fundamentals so sorry I have no fundamental reason, after I read what I wrote (I don’t spell check cause I don’t know what I’m looking for) it sounded like complicated answer, I have no idea what level of intelligence is at the receiving end do I? If I was to belittle you I would ignore the question, wow!
Brian, the Yen / Gold trade is one of the pairs that gets a lot of attention because the relationship is so tight and has been for several years now. Have a look at this three year chart to see the relationship. Exactly why is not known but as far as markets are concerned they are both currencies that trade inverse to USD. Personally I prefer watching the Euro so this is not one I specialize in watching closely but the relationship is pretty amazing. I guess all that matters is that if the majority of currency traders sell gold when the Yen falls then you end up with charts that look like that. Actually, if you look at it closely you can see where gold often leads Yen and in that case the way to make a buck off the Yen / Dollar trade would be to know which way gold was moving. It matters since its one of the biggest pairs out there.
Here is what Craig Hemke (TFMetals) said earlier this year on the subject:
“The price of gold is now largely determined solely by fluctuations in the yen…..So, if you’re baffled why ‘fundamentals don’t seem to matter’, it’s because fundamentals don’t matter. There are very few human traders of size left and the computers control everything. In this environment, arcane notions such as supply/demand and company fundamentals are insignificant. The primary driver to these ‘markets’ are changes to the USDJPY. Control that and you control everything else.”
Hopefully that helps. Its kind of funny though, we rarely discuss this relationship on this site but probably should have long ago since this is in its fourth year of moving together already.
Gold / Yen correlation chart — 3 years
http://www.portphillippublishing.com.au/DR20141118a.jpg
Actually Brian, your question is such a good one I would really like to hear what the experts of Korelin have to say. Maybe Cory will ask Chris, Rick and Gary or Doc for their take on this tight correlation since I cannot recall it ever coming up here before.
What do you think Cory? Can we answer Brian’s question?
And just to make the subject a little more interesting, Brian….I would encourage you to go and look at the similarity of change in the Canadian dollar versus the Yen for the month of May for a fascinating insight into the future of gold (which is actually still trending down, not up as so many keep asserting).
Finviz.com — Yen Hourly Chart
http://finviz.com/futures_charts.ashx?t=6J&p=h1
Canadian Dollar — Finviz.com — Hourly Chart
http://finviz.com/futures_charts.ashx?t=6C&p=h1
It all started in 2007 Birdman yen/gold I tried to bring it to everyones attention here a long time ago but I was peeed on especially by the chart expert himself Matthew, too funny, these so called experts will never ever learn.
Try to open your mind and be like a trader just following the trend and the capital flows. The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate our analysis is at fault – not the market.
I’d say the question to the experts here Bird should be this, if one can’t write with perfection spell with perfection should they be pisssed on?
The so called experts say I can’t read a chart, really I’ve been making money off the yen/gold trade for years anyone else?
So I’ve been right, yet those that obviously can’t see a bull market in US equities for 6 years now, 6!!! years get an ear, are you all nuts!
This expert who has missed one of the biggest bull runs in US history while its going on while he claims a crash is due any year now!
The US$ has rose off 72- 28 cents while the calls for a crash, really
Its time you all stopped listen to those who have been wrong for years!
Try to open your mind and be like a trader just following the trend and the capital flows. The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate our analysis is at fault – not the market.
Re: “I’d say the question to the experts here Bird should be this, if one can’t write with perfection spell with perfection should they be pisssed on?”
It’s funny you should ask that because you’ve been pissing on everyone here if they don’t measure up to your narrow-minded opinions.
too friggen funny, you insult my spelling, what is this a spelling B contest, how old are you….its about making money and many here have missed great opportunities to do so by having their head up their A** so being right, showing the simple charts that keep them trading correct is NARROW MINDED, cheeez read this and learn it, apply it!
Try to open your mind and be like a trader just following the trend and the capital flows. The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate our analysis is at fault – not the market.
The fact that you consider that quote to be profound just shows that Marty came into your life at the right time. 😉
No wonder Armstrong is warning of the deflationary outcome of a cashless society, can you imagine is Greece was a cashless society, no bank runs!
JFT blew the Sprott Pop stand so EXACTLY. Eric lost me a pile..Fortunately I sold my JFT fund when he left and saved my AZZ.. Hes a bull on the US.
I have a friend in MTL who bought a stock that Eric was pumping timenco, not sure? anyways it went from $1 to $35 my friend bought at $5 and sold at $33 Eric never sold a share and continued to suggest ownership as the whole company was a scam and was delisted, I don’t think Sprott ever says sell
The company was Timminco , gee I whiss I knew how to spell but I was razed in a cardboard box and could knot afford any schooling, I keep a cardboard box in my trading rhom of my 5400sq feet house to remind me, thank my lucky staars I can make year after year fantastic gains off the charts cause I cent spell but I can see a trnd yet sooo many over edcukated expets have no glue, makes me laugh as I go to mi bank, lol
Ha ha ha 🙂
Me no engish majar to. Haha
I owned Sprott hedge but fortunately sold 70% before he shat da bed and lost 70%. JFT is was the only brain in the room. All the rest praying for the triumphant return of da gold.
Me yes I buy and trade some but dat is it. Gurus are pooh Roohs. Bob can you poof read 4 me!?
That poofing will have to whait as he’s gone to bed already he’s really hold, very hold and its very tiresome keeping watch all the thime for a newke attack
Ojj. Watt do you think of Bobs gold rolly since November? Barn burner or watt.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=1&mn=8&dy=0&id=p07800763285&a=364990870&listNum=1
Bill:
Your rock throwing is very funny. I predicted a bottom in gold to the day in November when you can’t give me a single person who predicted anything even close until after the fact. You were whinging then about how gold was going lower and I said it was not. Now you are whinging about the quality of the rally. Me thinks you complain way too much. Why don’t you and ojj grow up?
People have opinions and that’s ok. If you are going to throw rocks at others, maybe you should also give credit when it was due. Like it or not, I nailed it in November.
Bob so far it’s a wobbler. The Dow has made the biggest move in history while all the way along gold bug heads have been warning of its immanent demise. It’s NOT BULL Bob. Please see the definition of a bull market.
What about the demise of the bond market and the dollar? You called for a wipe out in the treasuries years ago?! You also had a chart of the Xau:gold eons ago calling for a bottom way back up there somewhere.
You haven’t responded to one bloody question I had like why you pushed your penny pathetics all the way down the worst bear market for PM stocks in history? I know a few buddies that got smashed. I wised up a few years ago. Your are a word manipulator ignoring any and all the wrongs of the past but excellent on pointing out the 1 in 10 you got right. You should call JFT he will school you. Do a search. He’ll tell you that the commodities bull ended and if you had any intgrity you would had been pushing the Dow or the NASDAQ. Not stocks that lost 90%. Oh ya your with Eric. JFT had the the brains to run for the hills. I didn’t but woke up quick and saved my own ass while the funny thing is I couldn’t even talk my buddies out of their shares. Now they don’t read you or talk to me.
I use to be on a one on one with Sprott Group. Started investing with them 1995.
Not anymore to say the least.
http://www.financialpost.com/m/wp/blog.html?b=business.financialpost.com//investing/tardif-prefers-boring-stocks-says-commodity-bull-market-is-over
It’s funny how now people people are quoting Martin Armstrong now as he has been proven right while most people on this site took cheap shots at him and said he would never be right about gold etc and now look he’s made all of you into fools..bravo Martin you were right all along and now all the cheap seaters are piling on the bandwagon trying to change history and their own words to get the egg off their faces..bravo Martin Bravo!!
I think the dollar is just doing a small bounce back and should head lower. The Euro has extreme short positions and is due for a rally to around 1.20 to 1.30 which should bring down the dollar and help commodities. I did a lot of selling today.
Not so sure. The only guy that has any fundamental skills say dollar this solid. MA too but he no my hero. I wish the dollar would melt as I’m trying to but more with my Canuck peso. It’s a real piece of garbage.
The move will take many months.
Thanks Paul
I’ll be watching closely but I’ve learned not to bet against JFT. HOYES always worth a listen.
Ya mon. We going into word wor tree for 9 years. Skary as hel.
I’m more scared from the Mars attacks movie. It’s going to Happin agen
Ive Got to comment on Bobs used toilet paper get out of the dollar or your toast callBut ALL THINGS CHANGE!! Quick get back in! Scare the hell out of people but YOU ARE RESPONSIBLE FOR YOUR INVESTMENT DECISIONS.
I’m looking to buy some toilet paper but it rallied 30% plus against the Canuck peso.
The dollar should gain some glory before she falls by the wayside. I think a rally is coming in the buck, and then a blowoff top. The dollar ( as Doc said ) should start it’s rally next week. I seriously doubt it hits 1.10 and 1.20 is a joke to me.
1.20 would crush all economies right now.
This is where common sense supersedes the charts.
This is what you guys just don’t understand, why?
Chartster I’ll assume you can read one based on the name you gave yourself, great, if the key indicators on the US$ chart suggest a long position and that trend continues as the indicators never turn down until 120 is hit are you really going to sit back, watch, and make no money because in your opinion its a joke, it will crush all economies (not the case at all) as your common sense leaves you making no money on the US$ rising 23 cents.
Marty can help you:
Try to open your mind and be like a trader just following the trend and the capital flows. The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate our analysis is at fault – not the market.
Lol, JJ
Listen to Marty…, uh, yeah!
1.20 is going to be fun to watch, not happen!
Try to open your mind and be like a trader just following the trend and the capital flows. The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate our analysis is at fault – not the market.
You and that quote need to get a room and spare us the PDA.
Matt it just so obvious that Marty and his followers have made a killing short gold and buying the Dow on the back of his computer calls and you’ve totally missed that trade, and your a chart expert? take some lessons they are free at stockcharts, good luck if you have any questions ask me
Try to open your mind and be like a trader just following the trend and the capital flows. The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate our analysis is at fault – not the market.
Let’s gather our thoughts guys and think of this little girl and the millions of children like her. 3 pics down:
Totally staged. The kid is no more than a prop. It did not move me to tears….mostly just irritated me so I deep-sixed the article and never bothered reading it. KWN is such a load of crap.
You got any pictures of kittens over there?
BM: You need to stop this at once. I keep finding myself in agreement with you.
I am deeply ashamed at the US sending our young people to fight and die in mindless and illegal wars only to parade mommy coming back from murdering people that did nothing to her to rejoin her children at some school gathering. Mommy jumps out of a box waving a big US flag and a grin on her face after being overseas for 15 months fighting for “freedom and liberty”.
The Taliban didn’t attack the US. Iraq did not attack the US. Iran did not attack the US. Syria did not attack the US. Libya did not attack the US. Pakistan did not attack the US. Somalia did not attack the US. What exactly is so heroic about killing people no threat to you?
The kid hugging daddy’s tombstone was too much. Daddy wouldn’t be lugging around a tombstone if he hadn’t been sent off to fight a war not worth fighting.
If Bush and Chaney thought Iraq was worth fighting, why didn’t they donate their children?
We would probably get on just great Bob….as long as we agreed to never discuss Gaza or Israel.
Well OK even if staged the picture of any kid overcome with sorrow at losing a parent should crack your stony heart BM.
Hey if your going to throw rocks make sure you toss them at Rick A because he’s had a much higher US$ target for years (must be an idiot right) which he has been 100% correct, while the so called expert has been wrong for so long on the demise of the $ that he’s stuck in neverland, don’t see him tossing rocks at R.A.
R.A. also has a $800 possible gold target no rocks tossed at that call either yet the bottom is in according to the expert who has by the way missed the greatest bull run in US equites these past 6! years yet he can read a chart, that’s just pee yourself funny, perhaps your reading your charts upside down, that’s it!
If your consistently on the wrong side of the trade and the example is the Dow and the US$ then its only because your ego won’t allow you to understand you’ve been wrong not for a few months but years!
And the real twisted part is the expert who’s been wrong for years demands you give him yet another listen, isn’t that a sign of insanity?
Try to open your mind and be like a trader just following the trend and the capital flows. The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate our analysis is at fault – not the market.
Your facts are correct ojj. China has got USAs back and bought a ton of bonds the last few years.
As long as the primary dealers can sell US debt the game goes on, until it doesn’t, its that simple.
Look at a junk bond chart, that’s the canary in the market place, they dive just before any financial collapse and they are not diving they are not even on the spring board
Anybody else notice this, of course not!
Wow you’re full of yourself. You’re probably related to Kanye West, lol……
I guess you don’t remember this chart I posted last fall. My Schiff and modified Schiff forks showed the breakdown way before Marty’s turn date.
http://stockcharts.com/h-sc/ui?s=$XEU&p=W&yr=5&mn=3&dy=0&id=p38408950799&a=371818895&listNum=1
Marty nailed it to THE DAY the indicators you highlight off a weekly chart give a heads up to support resistance, that’s a wide brush, the daily chart clearly shows Sept 4th as Marty called, so who is full of themselves? where’s your post of Sept 4th being a direction change date, exactly
It was quite obvious to me. The indicators were very clear.
Goldman recently called the top in oil with a $45 target, enjoying that DWTI short, Doc too see’s lower oil but no short position, ????
So now they have a 95 Euro$ target, hmm whats that going to do for gold and oil ??, no opinions please just show charts as they have no opinions just direction, Germany would love an 95 Euro$ for all their exports, love it!
http://www.efxnews.com/story/29125/eurusd-3-phases-downside-targets-goldman-sachs
First resistance area for the US$ index is taking place now
http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=0&mn=5&dy=0&id=p64740680843&a=409776590&listNum=1
No doubt as markets react to these headlines
http://www.zerohedge.com/news/2015-05-27/return-greek-deal-pending-rumor-sparks-stocks-euro-surge