Opportunities Still are Out There
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Optimism always produces much more than pessimism. Stay well informed and stay nimble.
YES……..GREG MANNARINO………………called this market weeks ago………it’s going down, down, down !!!!!!!
….AND MY ALGO’S FOR THE FALL IS STILL BULLISH FOR GOLD!
I am a bull with bear claws……………………
Me too but with “short” bear claws. lol
funny.
Thanks Mark.
You have to admit there is a pretty weak “buy side” right now to that particularly equation.
But there remain some very respectable buys out there unless a person is a very short term trader. And,I believe, that now is not the time to be a short term trader.
Thanks Mark, no disrespect to Greg but he was not alone in that call.
Okay Indiana, but there will still be a ton of opportunities out there.
As you know my friend, I am still getting over my stroke it does me, or anyone for that matter, absolutely no good to focus on the negative. Sure, there is a lot of crap going on out there, but common if we focus on that life is simply no fun!
No question about the opportunities in certain markets.
Sorry , I hope you are getting to feel better. I will try and reframe from negative news going forward.
Doc,
An ending diagonal is a special type of wave that occurs primarily in the fifth wave position at times when the preceding move has gone “too far too fast,” as Elliott put it. A very small percentage of ending diagonals appear in the C wave position of A-B- C formations. In double or triple threes (see next section), they appear only as the final “C” wave. In all cases, they are found at the termination points of larger patterns, indicating exhaustion of the larger movement.
So, if that’s the case, we can have a throw-over and a move up after …
The larger degree is to be seen.
I KNOW THAT A LOT OF YOU GUYS ARE INTO THIS ELLIOT WAVE SYSTEM……….BUT……….the way these markets are so fully manipulated at this point due to the desperation of the UNITED STATES, NONE OF THIS MATTERS!
I guess I would have to ask the question Mark, “then what does matter”?
Afternoon, at least out here, Gabriel as I have admitted many times in the past, sophistication like yours, is way beyond me!
Thanks for the comment as it certainly increases my knowledge.
Unfortunately, I’m not much into Elliot wave—I wonder if you could translate that into the monthly gold chart, Gabriel?
Ah now I understand about Washington DC and its bubbles…
And yet, another intelligent exercise to spend money on! Right Reverend?
And this is how PCR views the American character…
http://www.paulcraigroberts.org/2015/07/23/eroding-character-american-people-paul-craig-roberts/
have to do something with all the plastic water bottles…………..ccf
my xomment needs to move up one story, posted in wrong area……………..ccf
A lot of folks are feeling that way!
DOW NOW DOWN 120 POINTS………..NOTE, CATERPILLAR IN TROUBLE!
big time………..
US dollar going up is disastrous. Other countries make their stuff cheaper and better.
Hard to beat a Cat diesel ………..
I remember China used to import a lot of those equipments and they are more self made now. AT same time, there are a lot of imported Chinese heavy equipments in US now. This seem have started to happen only a few years ago.
Correct if I am wrong………but, I think in order for Cat, or any other manufacturer to get into china…..the companies were requested to hand over all their trade secrets.
I did not know that Indy. Can you verify?
Sorry…….No, because I read it three or four or longer years ago, when all the US companies were trying to get into China market, before the Chinese market took off.
Fair enough, thanks man!
Absolutely not. Only when China suspects the company may harm Chinese interest like Google which is accused of spying. If what you said is the case, China would never have got any technology. One example is Samsung. It never disclosed anything. They even refuse to manufacture in China, instead, they setup factory in Vietnam. This hurts their quality, cost and image, so Chinese companies like Huawei took over large chunk of market share. It is why I said the western media’s disinformation about China is strong. They will grab one instance (e.g. farmer is trading stock on banana stand) distort it and generalize it or even manufacture news. US government classify it as a strategy and legalized.
The other example is when I went to China for a conference around 15 years ago., My friend is a smart card expert. One local company came to approach my friend about getting the smart card technology. They said for machinery, they can dissemble it and for smart card, nothing they can see. He want to hire my friend to get the smart card trade secret. If China requires company to disclose technology to China, the local companies have no need to acquire it with illegal means.
Lawrence…………”China would never have got any technology”…your comment.
Response, according to what I remember, they were willing to share the technology in trade for the potential sales, considering 1 billion people .
Of course, but for those of us who live 5 miles from the Canadian border, talk about an inexpensive vacation. Talk about inexpensive auto service, talk about inexpensive restaurants!
And the beat goes on!
Tip of the iceberg, Mark?
******** LIKE I SAID A FEW WEEKS AGO…….HERE COME THE BLACK SWANS !!!!! ***********
It’s a Ponzi planet!
More fleecing is on the way…………….
And has been for quite some time!
On a positive note, I remember back in 1999 when a lot of our friends were getting absolutely killed financially and Kathy and I found companies that did nothing but make us money.
You have to understand the environment and effectively roll with the punches!
Markets and investments are always changing…..just like today…………..ccf
You have a great point Al. We can’t win by getting bogged down and depressed that the usual stuff is not working and not giving the expected returns. On the other hand not everyone is flexible enough to shift into stocks that are unfamiliar. If you have been into utilities all your life then buying upstart robotics companies will feel like pretty unfamiliar territory.
That’s where I find myself some times especially when it comes to exotic technologies, pharmaceuticals and medical advances and I really need to rely on the advice of guys who understand those fields.
I cannot agree more though that picking a list of good companies and getting familiar with them in advance of the opportunity to buy is a good idea. No sorry, a GREAT idea. I have a select list of miners I keep handy for when the washout comes. Not just gold either but its across the resources sector. I fine tune it weekly.
Otherwise it would just be random picks based on what everyone else is buying. No rhyme or reason. And we all know the mob is almost always wrong in the end.
Should have split my NUGT buy order. Could have gobbled up some new 52 week lows.
Splitting your NUGT(s) sounds really painful, Jason.
Ha! good one Brian : – )
DOW NOW DOWN 140 POINTS…………….OIL NOW DOWN $48.74!
BEAR-ER OF BAD NEWS……………..rotation time………Junk bonds in Illinois 8% return , great all time American city, I am sure Chris T. will be soaking up the coupon payments………..Besides lake Michigan has raised 3 feet and is raising tide for all boats , so to speak………………………………..CCF. BEAR CLAWS……
Lake Michigan has raised twelve feet?
Three ft.
You’re cracking me up today with the Bear Claw…..Frank….The BOOT….OOTB….CCF…..The Long…..from Moscow……
Dow closed off $119.
But if you owned Amazon, you would be a happy camper!
DONALD TRUMP FOR PRESIDENT !!!!!!!!!!!!!!!!!!
Finally…………….no more bullshit ????????????
I THINK he will make a great President……better than HILLY OR JEB…………the CLAW
Maybe better than Clinton or Bush, but a great president?
Quite frankly the man scares me.
Me to, that is why he would be great………we need a shock to the existing system.
Yeah sure….lets put the Donald in charge of delicate foreign affairs and international political crisis. He is sure to say the wrong thing. The guy is a bull in a China shop. Cripes, he would be like the first guy to push the button when he does not get his way. Just what we don’t need.
Listner, I think you give the position of president too much credit for influence.
Foreign affairs……….Donald would be as good as Bill in foreign affairs…….after all his first wife was foreign born. As far as the guy pushing the button,,,,Putin, would know that THE DON, would not be that crazy, and I believe Putin would have far more respect for the Don ,than O bana the Kenyon………………………………….ootb claw
And I think Putin would like to ride in DONALD’S JET…….party time…….have fun like OWL said……………………… 🙂
I completely agree with the “no more bullshit” comment. I just wish the guy had a bit more class.
His comment about John McCain (like or dislike Mr. McCain) calling him a non war hero because he did not die in the war was the epitome of tasteless.
Like we have class with Obama, and Hilly, Billy, Nixon, Johnson, Carter(and billy beer)
Point kind of well taken.
The Volcker rule went into effect yesterday.
I’m sure the banksters are peeved about that…
I GUESS this means Goldman might decide to not be bank……..?
Trump should get elected and do a ………CLAW BACK ……..of all bankers assets, gained since 07, this would get the American’s attention..Especially , since he loves banks………………………………………………….CCF.
How many has he stuck with his various bankruptcy actions?
Not saying they are Lilly white, but neither is he!
Remember…………Abe Lincoln went bust THREE TIMES………..
it has hit their bottom line as they have beeb reorganizing to prepare for the rule.
WATCH OUT DONALD TRUMP………………………YOU MAY BE ASSASSINATED !!!!!!!!!!!!
Mark:
Presently reading “JFK and the Unspeakable” by James W. Douglas. Superb book and full of documented facts about the whys and who was involved with Kennedy’s assignation. I’ve been worrying about the same thing………namely your suggestion of that same act. However, I doubt personally if Trump would be the target. I’d be looking more for someone who would really turn things on their head and 180 degrees in the opposite direction. I still don’t see anyone on either side that would be that much threat to the entrenched PTB. JMO. Thanks for your comments.
I HEAR YOU BUT…………..STAY TUNED………..IF THIS GUY KEEP’S TALKING IN FAVOR OF THE PEOPLE, THE BANKSTERS WILL KILL HIM…………….OR………….IS HE A BANKSTER!
He has made a lot of money at the expense of others, hasn’t he?
so did Henry Ford.
Giving the people what they need and can afford tends to enrich all.
Thanks for the tip on the book, Silverdollar!
Great book. You can also find good videos with him on youtube.
Al:
Do yourself a favor. Read it. Glad I found it but don’t know why it never got much publicity. Upon 2nd thought, perhaps I do but better not say.
Personally Mark, I think that he is doing it very effectively to himself.
………..THE MSM IS AGAINST YOU !!!!!!!!!!!!!!!!!!!
Hi Charlie, What are your picks for the companies that will not be affected by the market breakdown as much….Thanks
Tom, not investment advice but 3 outside of the PM and resource sectors are FEYE, XON, and NAT. I sold FEYE awhile back since I expected a correction which is occurring as we speak. This past week I wrote option in the money calls on NAT and XON since my technicals shouted correction which they both started today. I’ll buy back those options when I believe their correction has run their course. Of course, this is not investment advice but just info on what I’m personally doing. I’ve owned all 3 of these stocks and they all have had a nice run but with my expected pullback of the conventional markets, I believe they’ll be a good buy in the future. I especially like NAT since I believe it has further to run after it pulls back and they have a 10+% dividend.
Drat Doc – I was hoping for XON back down to 30.
Bob; I’m pretty sure we’ll get close to 50-52
Good grief! I was following it daily until May and last looked at it as a serious buy when it was around 40.
I was convinced that it would go down to low 30s though and took my eye off the ball around 45. I had no idea it had gone up that much. How wrong was I – drat 🙂
I daren’t look at ZIOP.
Tom, I’ve also been following RIG for awhile and my interest is increasing. That would be my energy play.
Thanks Charlie
Thanks, Doc!
What do you expect for earnings from NAT to be reported before the August 4 open of trading?
……………IS DONALD TRUMP WITH ALL OFF HIS BILLIONS TRULEY TESTING THE ELITE!
I think that he is truly testing anyone who has assessed him accurately.
IS THE SHIT ABOUT TO HIT THE FAN……………..THINK…………..?????????
I don’t have to think about that one Mark. But remember, without shit you can’t grow a beautiful garden!
That is truth.
What is up with this Charlie, name reafering to Richard Doc?
What am I missing here?
Why does Al refer to Doc As Charlie?
That is what all of his friends call him and have for a long time.
How about Chuck? or Doctor Richard Postma = Dr. Dick P. ? 🙂
We love ya Doc and hope one day we are cool enough to call you Charlie too!
EVEN IF THE DON IS A MANUFACTURED PLANT !!!!!!!!!!!
Are you really sure………………?????
No after thinking about the article that made that point, I have to disagree with it.
I was saying awhile back Trump could have a chance, people could have noticed how criminal Clintons and Bushes are.
Trump as president wont make 1 iota of difference, he is there to give people the illusion of democracy, like their opinion counts somehow.
If he becomes president it will be because he was placed in the position and it was planned long ago.
People like the flamboyancy, his thinking on immigration, his ideas on war in the middle east.
War, the military industrial complex will view him as fitting right in.
He will continue the work of the TPTB. Nothing will change.
At this very moment……..the govt for the people …….does not exist. I am betting that if her were in the WHITE HOUSE, some things would change for the better, because it sure can not get any worse.
We know for sure, anyone in office right now…….is bought and paid for………..
Only exception , might be Paul………but, I have a few problems with him……jmho
Plus, I think he has all the money he needs, …and I do not think he is after the money.
It can get worse.
like how………
What are your problems, Frank?
I composed a response to this, but while accurate, it was so negative I decided not to post. Suffice it to say, Paul Craig Roberts is correct in his article on the decline of American character.
It can get much, much worse, Frank from moscow. Just use your imagination. And it will, because the trajectory is clear, and it won’t turn on a dime.
Not sure that I agree, Indy.
By the way, we are discussing a book called, “The 5000 Year Miracle” at our discussion group. The author does have some misstatements in there but generally he makes some very good points!
People keep going on about getting someone good to run for Pres.
The only way to get someone good to run…Is to eliminate the bad ones who are running.
Vote for Trump…….A month later we will all have missiles whistling above our heads.
HaHa….The funny thing is His hair will be chasing them…
Your fired…….would take on a brand new meaning………..
Irish – I thought we decided to elect you for president last week?
We are done with Lib-tards and Neo-Cons….so bring on the Lep-re-Cons!
I’ve already written to Obama three times Shad!!
funny Rev!
yes, today our congress passed a Law which makes it impossible for States tenant labeling
on GMOS in food products…. bought & paid for congress… what is monsanto afraid of…?
Monsanto……..I just wish more people around the world, (& especially in the US would do more research as to who is behind this HUGE global company….I have & i can tell you it is scary….Solient Green comes to mind…..The movie….
Get it folks…..One World Bank / One World Government / One World Farm…….
The one fucking thing scary thing is….WE THE PEOPLE ARE ALLOWING IT TO HAPPEN.
DO not moderate my above comment.
Monsanto…Is a bigger threat to the American people , than the FED…But only in name, Research find the answers….Not everybody has to spend…But everybody HAS to eat.
Monsanto has bad Ju-Ju……
ditto
I think it got moderated. What did you say Irish? (put it in code this time so it evades the moderation police).
silver on COMEX went down today, but silver bars physical went up!
They seems to have trouble press silver down for many days. So gold silver ratio went down.
Meanwhile in the South China Seas:
http://sputniknews.com/us/20150723/1024940954.html
and the big zero continues to destroy the US fighting capability.
And the US has used time to be prepared:
http://freebeacon.com/national-security/dhs-ignored-2008-advice-on-imminent-electrical-disaster/
What was it Blofeld said?
Expect you to die!
of course we knew this was coming:
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/11757017/White-House-in-final-stages-of-plan-to-close-Guantanamo-Bay-prison.html
A big mistake, but if you don’t understand the motives of the dictator by now, you have not been watching.
Even the paper of record understands sometimes:
http://www.nytimes.com/2015/07/26/magazine/is-this-the-end-of-christianity-in-the-middle-east.html?_r=2
It’s what the emperor believes in, that counts.
But on the left coast the paper of record is a day late about a dollar short.
http://www.latimes.com/business/la-fi-calpers-misses-investment-target-20150713-story.html
and this is the tip of the iceberg showing with at least a $2 trillion pension problem, amongst the funded pensions and we all know how good the government is at funding its promises!
Irish- you miss the point
Eat what??????
TRUMP for PRESIDENT !!!!!! If he made a comment you don’t like just GET OVER IT CHILDREN and quit your little whining.
Trump is the only candidate that has the balls to MAKE AMERICA GREAT AGAIN.
Trump made a great comment in S.C. that I will paraphrase: These politicians, they maybe nice guys and they may talk to you for a few minutes, BUT THEY CAN’T FIX ANYTHING, THEY ARE A BUNCH OF CLOWNS looking for campaign money to get re-elected.
Nonsense. Trump is trying to help his buddy Hillary by stirring things up for the Republicans.
When Clinton last ran for office, Trump was torn between supporting her and former New York City Mayor Rudy Giuliani. ” They’re both terrific people, and I hope they both get the nomination,” he told CNN in 2007, adding that he thought Clinton would surround herself with good people to negotiate a deal with Iran. A year later, Trump wondered publicly why Clinton wasn’t chosen as President Obama’s running-mate.
http://time.com/3962799/donald-trump-hillary-clinton/
Out of his 31 donations 21 of them went to very liberal Democrats or Democratic Committees, 7 went to Republicans, 2 went to Independents (both of those to Charlie Crist).
“We must have universal healthcare.” – Trump
http://www.libertyjuice.com/2011/02/16/numbers-dont-lie-is-donald-trump-conservative-or-liberal/
Would be funny, if Trump was trying to disrupt the Repubs,,,then actually got elected, and thereby ticking off Hilly………………….then maybe he could appoint her VP…
Oh sh*t….there goes gold. Looks like we are having that price capitulation after all. Breakdown to 1072 so far and still falling. It is no longer responding in ways that we have come to anticipate. The waterfall decline appears to be intact and in motion.
Same time as Sunday’s attack……….late nite nobody around . Easy pickings…..
Well my gold price prediction booklet is just not working this week. So its out the damn window for now. I am however in the mood for Guacamole and popcorn. I might just pick a couple Avocados, make a salad and pop up some buttery Orville’s and enjoy the show.
you know Orville….was from Indiana…………..lol
Is that where Guacamole was invented? I heard its actually an American creation, not Mexican at all.
no, that is got ya a mole in ye yard
Hey Matthew…..we are just a little more than a 100 dollars away from 968
104 dollars to be exact as of this morning.
You believe me now? (not trying to be irritating, but this is still a ferocious bear).
But sugar is smoking hot. Just as predicted. Sorry CFS, my instincts were bang on the money on that call.
If it gets to 968 maybe you can be Birdman again. 😉 lol
lol
Funny Matthew. 🙂
Bird has been fairly accurate in the soft commodities like the Sugar call, and usually is pretty good with the Canadian Loonie as well. He has been much nicer and polite to everyone lately and it is refreshing, because I’ve always thought he was an intelligent guy and that has really shined through recently as “A Listener”.
As for the 968 call he made over a year ago, we are actually getting close. I do think we may get as short-term bounce here and noted earlier this week that Gold would likely get back down near $1087 Fib or just under the $1080 recent low, double bottom, and bounce into August for a few weeks. I saw where Gold got down to $1078 (right under $1080) and then recovered and has been up near $1083-$1084 since dipping down there, so that could have been the short-term bottom, but I’m curious to see how things go in the pre-markets.
While there is always the potential for a complete breakdown in Gold ($1067-$1065 support, $1044.70 support, or $993.20 support are my downside targets), I’d be very surprised to see Gold push down all the way to 968 on this move this summer.
Personally, I’ve enjoyed talking to “A Listener” much more lately with the more kind and polite bedside manner towards other posters, and no personal attacks. However, I also agree that if Gold goes down to 968, that he should switch back to Birdman officially, and we’ll give credit where credit is due. I’ll tip my hat to him and give him a gold star for the good call. I’ll even smile if he calls me Mummy again, and cut him some slack, because I guess the good investing thoughts outweigh the swipes.
Best to you both!
Oh that’s who he is Shad I wondered where he’d gone. Long may Dr Jekyll keep his bedside manner!!
Yes, hopefully everyone can continue to be civil and collaborative moving forward.
Sugar was nothing, Shad. A kid could have made that call. Maybe you missed my dollar / euro reversal comments of a few days back that I left in the early hours of the day. I picked off the turn within an hour of it taking place and the Euro subsequently went on to move up over a hundred pips.
THAT was a good call.
Yes, I saw the Euro call as well. You are usually on it in regards to currencies. Do you trade on Forex at all?
You could say its my cup of tea.
Well you do well steeping the currency tea. The central banks are serving up a strange brew…..
On a high note, Matthew, this just means we are finally closing in a price bottom that should finally hold. So that is reason for optimism. Doc is thinking in the next four months we will be ready for prime time again. I really don’t know so I won’t make that prediction. But hitting 968 will be just a few months work if its the number. If we had to estimate the final low and put it inside a 120 day time frame then anything from 850 to 1050 is entirely possible now. And anyway, what’s a hundred bucks the way this thing has been falling lately!!
Agreed that a $100 move (10%) at this point isn’t the end of the world, and before this Bear is over $850-$1050 is a very reasonable range. Personally, I’d be surprised to see Gold take out $890-$891 as that is the 61.8% Fib retracement from $252.80 in 1999 to $1920 in 2011, and also the previous 1980 high. The high $900’s seem most likely, and I like that $993.20 peak from Feb 20th, 2009 as a potential turning point. Prior to that $1044.70 may be a strong support level.
It will be interesting to see how it shakes out as we are getting closer to capitulation.
For the record, gold is still closer to my 1125 than your 968. Don’t count yer birdies before they hatch! 😮
Mark A. has been expecting the 1044 area, btw.
Yes. Mark A. and I were both in harmony on the $1044 level since February.
________________________________________
On February 17, 2015 at 3:41 pm,
Shad says:
I agree that this upcoming bounce will likely not take out 1308 due to how hard Gold has fallen. I even question whether it will take out 1259 or 1272 now. My bigger concern will be the further grind down to the test the lows once we get a bounce. I think 1180 and 1137 are back on the menu for the spring/summer major bottom as support, then 1044.70 from (Oct 30th, 2009) then $993.20 from (Feb 20th, 2009). I think Gold missed a big opportunity to change the tide in late Jan/early Feb.
Geez, I had almost forgotten. That 1125 was indeed your call for an absolute bottom if I am not mistaken. But sellers cut through it like butter during last Sunday nights overnight trading when PM’s all got put through the commodities garberator.
Who the heck knows what’s in store at this stage. I might just get humiliated over my call if gold slices through 968 and goes straight to Ricks 817. In which case Rick gets the feather and not me!
Damn!
I actually never said I was sure about gold having bottomed but have been much more confident that silver has. It’s getting close.
What’s your read on the HUI Matthew? I think its got to run to 86 minimum before it hits bottom but maybe you can get better clues with the Stockcharts tools.
This old chart suggests more like 100 – at least in the very short term. Check out that RSI reading (below 30 is oversold).
http://stockcharts.com/h-sc/ui?s=%24HUI&p=D&yr=1&mn=7&dy=0&id=p61811828268&a=364007429
This one also points to just a few percent lower:
http://stockcharts.com/h-sc/ui?s=$HUI&p=D&yr=0&mn=7&dy=0&id=p44546981364&a=403889615&listNum=1
I was thinking much longer term. Have a look at this one going all the way back to 1996 and you get a better feel for what I think is in store. To me its doubtful we have bottomed on this cycle as some are already asserting. But I agree 99 to 100 is in store shortly. We are really not that far off the lows of year 2000 though.
NYSE ARCA GOLD BUGS INDEX — Yahoo Interactive
http://finance.yahoo.com/echarts?s=^hui+Interactive#{%22range%22:%22max%22,%22allowChartStacking%22:true}
What I mean is, this is not over until we retrace virtually 100% of the rise that came after year 2000. The chart tells it that way to my eyes. So we can almost estimate where the bottom will come in time as well since both the rise and fall are fairly symmetrical and balanced. We are not therefore at golds true bottom until the HUI chart falls to at least 86 dollars or lower. I guess my point is; we are so near the end we can smell it but we have work remaining before the end comes. Several months at least and that does line up with Docs idea that we still have at least 4 more months to go before gold finally gets bullish again (although I don’t know his method to arrive at a similar conclusion).
By the way, 1125 was your bottom call (or the worst case scenario as you put it.) You have been saying that since 2013. So you get lots of credit for consistency. I recalled it well enough to find the first instance of the comment. Birdman bet you a bottle of wine you would be wrong by the way but you never took the bait.
—————————–
On December 23, 2013 Matthew says:
We have a near consensus among gold experts that gold is going to $1,000 (or lower)… With so many lemming followers sidelined in anticipation of this price target, what are the odds that gold actually gets there? I’ll stick with my $1,155-$1,125 worst case scenario.
The fact that I did not take the bet should tell you something but, yes, I did think that level would hold. However, in 2015, I have said several times that I was not sure that area would hold and that I felt much better about silver holding above its 2014 low.
So far so good on that, but I might be wrong very soon.
Btw, it is “interesting” that it took a $2.7 billion dump in very thin trading to break my worst case scenario.
Actually, I agree with you on that point. It ruined my 1130 call as well so we were both left paddling the same sinking boat that day. The consensus seems to be that someone was playing bad in the dirty end of the pool. Now that the spine of gold has been broken though the charts have turned decidedly more bearish. A week or two down the road most will have forgotten about those contracts that flooded the market in the wee hours of Monday but the analysts and technicians will be using the chart data just as though that event was a normal part of market operations.
Ok, I’ll go ahead and say it.
Monsanto is a company that is ruled by the corporation,, the corporation that wants , and IS controlling, You! They control you by what you eat and drink. The funniest thing they do is to control how you , think. And it’s quite funny you think it’s not true, , which proves that you are controlled , on how you think.
Oops, did I day too much? ( darn the good luck )!
Is it not funny as hell..? We ain’t heard a peep out of Glen Downs… The reason why is, cause Rand Paul is a spook, just like the rest of the Republican Party. The people are done with the made-up main-stream bull shit lies!
EVERYONE RUNNING FOR PRESIDENT IS A CORPORATE BULL SHIT LIAR!
Each and every one of them!
C’mon Downs, what ya got? Nada!
You goofballs are spooks trying to start war!
You ain’t got nuthin, bud..
I’m ” not ” a democrat. Never have been .
Repeal the act of 1871, or shut up!
If you were a true Republican, you would have a true ” Republic “
I wonder how many people in congress got stock certificates in the ” four companies ” that control the health care system?? Kinda good to be in a monopoly, and the corporation.
It’s funny how the American people put up with this. But hey, they are students of the boob tube…
But back to the issue. You guys are controlling a monopoly, the health care system. I guess that you can’t control derivatives any longer in the banking system, then you have to control the health care system. ( clever. …not… )
Well said……Chartster………..I agree…………………….the Claw ccf,ootb the long
Dear Doc:
Falling wedges how can you tell if it is a bullish or bearish one?
It usually gets called a bullish falling wedge but if it subsequently breaks down it gets called bearish!
Are there some subtle differences between the bullish and bearish versions?
I am wondering if you can tell anything fro the degree of narrowing of the wedge.
Alternatively, perhaps median line analysis could tall you whether the highs are falling or the lows are rising relative to the median line slope.
Any thoughts?
Now I have taken a look at some more examples of falling wedge patterns I note that many examples online have a falling wedge occurring in a longer term uptrend and then they interpret the pattern as bullish, so it becomes a continuation pattern in a sense in terms of the overall trend.
However, this gold falling wedge comes after a general downmove, so does that make it mire likely to have a bearish outcome?
Here is an interesting bearish falling wedge example that had a rising wedge inside it – Japanese Yen:
http://rambus1.com/wp-content/uploads/2015/03/xjy-day1.png
Looking at Google images I can find very few examples of bearish outcomes from falling wedges but one is particularly interesting given the relationship betwenb gold and the Yen recently:
http://rambus1.com/wp-content/uploads/2015/03/xjy-day1.png
Before I clicked on the above linked image, I guessed that pattern might be an early 1980s or mid-1980s gold chart but it was the Yen from 2013 to 2015 which has been positively correlated with the falls in gold but has already broken aggressively to the downside. Gold may be in the process of following perhaps? In previous moves, the Yen has usually led gold:
The gold pattern for 2013-2015 is similar and the falling wedge contains two pennants, both of which have gone to the downside:
Compare with the weekly chart of gold (from stockcharts.com and annotated):
http://1000gold.blogspot.com/2015/07/falling-wedge-of-gold-is-similar-to.html
It does not look good.
It does not look gold for gold based on this analysis.
Possible target from breakdown on pennant number 3 using 1135 and 1308 as starting prices and 1160 as the apex of is pennant:
1160-(1307-1135)=$988 gold
If gold behaves as the Japanese Yen did, it will fall out of the falling wedge by the approximate original width of the wedge ($250) and would therefore go from $1080 to $830.
(Previous drops in gold have been $of that order ($270), the first one being from 1590 to 1320 on 12-15 April 2013 and a second one from $1430 back to $1180 in late 2013. That might support a new trading range from $830 to $1080 perhaps?
You could actually use $270 as the original height of the wedge so the target for the low would then be $810.
WOW and it could mean that Rick’s target of $817 is more or less confirmed by another method.
I guess technicals are the best method to predict the prices of stocks because 90% of trades are done by computers algos
Gold traded @ 1076.77 USD @ 22.05 pm NYT [10 hours ago].
Presently [8.10 am NY time] @ 1078.67.
COMEX in 10 min – fireworks time in the vampires’ pit.
Next support line is 1043.90 set Febr., 2010 [not a typo – 2010 [
Reposting: 5 minutes now & nothing showing ????
gold traded @ 1076.77 @ 22.05 am NY time [10+ hrs ago]
trading now [ 8.17 am NY time] @ 1079.16
COMEX pop/dump should have lots of legs
Scary, gold/XAU is over 23. It mean while gold came down 44% from the peak and large gold stocks came down 88%. If gold came down 50%, are they going to 0? It make no sense. They are now much lower than gold was $250!!!
Keep your eyes on TCK….it has plummeted 55% in the past 90 days and is well on its way to testing multi-year lows that I happen to think are a major signal for the bottom of the metals markets.
It is Nickel and Zinc I think, right?
TCK= Teck Resouces Limited
Here is the chart I was referring to Lawrence. This company is one of my proxies on the metals markets more generally but it comes in handy as a guide to finding where gold will bottom. We will have to drop another 50% or so to arrive at the multi year low point of $3.45 last seen in February 2009. That is 6.5 years back. Maybe think in terms of the 7 year stock cycle to get an idea of what my thinking is here where commodities are concerned.
Anyway, a 100% retrace back to the old bottom is coming up fast so its will pay to be prepared in the next few months. I think it represents a major turning point although I do NOT believe we will get a V shaped bounce. Actually, price could get stuck in a range along the bottom for months but we won’t want to miss the chance to pick up this company and others like it (in my opinion only of course) once we get closer.
Teck Resources Limited (TCK) NYSE list ….(also lists in Toronto, Lawrence)
http://finance.yahoo.com/echarts?s=TCK+Interactive#{%22range%22:%2210y%22,%22allowChartStacking%22:true}
17,500 going back to 14,000………..for sure……..