Also, I don’t like the looks of the euro—-it looks like we get a short term move down and then it’s anyone’s guess whether we break lower or higher. I know personally what I think at this time is the most likely outcome but I would have to have it verified by the technicals.

Sounds about right to me Doc. I am betting the Euro drops to at least 1.11 before heading higher again and then we will have to wait and see if its got what it takes to get up to 1.18 or so by year end.

Thanks for the weekend comments by the way. I hardly had any time to post the last few days or answer anyone. Been going around the Mulberrry bush the past few days.

Gold looks pretty lackluster here though. It really did not have the carry through after last weeks burst of enthusiasm. Mind you, it did not break down either. A lot of people seem genuinely confused about the whole rate hike process and seem pretty surprised when nothing happened.

I have seen it in a lot of comments recently. Its kind of like….what now? So the markets look a little rudderless. It brings to mind that old expression that the market hates uncertainty. The Feds lack of conviction is clearly bothering quite a number of people especially as so many trade off the direction they establish.

Actually, I would say this last non-hike was the first time I have heard a lot of hostility expressed about the length of this period of indecision. And what really fired some people up was that dot-plot of a negative rate.

Or maybe it was all the references to China and the rest of the world. That was not on anybodies radar since it has long been assumed that the Fed’s only real mandate is the US economy.

Personally, I thought it was a mistake to not hike after such a long period of warning a hike was coming. Not that a hike would be a good thing….it is going to upset a few apple carts no matter when they finally do it.

But now the waters are just muddied if the Fed is gone global as an institution.

How about this Matthew ……silver got smashed today. Enjoy your “progress”.

Smashed? Lol. Stewart Thomson knows what’s up. Learn from him if you can’t take the facts from me.
“While the technical picture looks solid, a decline to the minor support zone at $1115 – $1125 ahead of options expiry day is likely.”
http://www.graceland-updates.com/images/stories/15sep/2015sep22gold1.png

Now go away. You cost me way too much unnecessary effort.

And you accuse jj of hero worship. Do you have any idea how many times you have invoked the name Stewart Thompson on this site?……hundreds……

I link to anyone who puts up useful info, including Armstrong. Hero worship my a$$.

what did you think about his 32 page missive discussing gold/silver ratio, etc.

I know. You always cherry pick according to your usual gold-centric agenda.

FACT-centric agenda. Not something you could identify much less identify with.

Here’s the key Bird. Thomson knows how to read a chart while you obviously like to bs everyone. There was no reason to turn as bearish as you did this morning on silver. Maybe there will be a reason tomorrow or the next day, but today, you jumped the gun.

You seem to have it in your head that once a person is bullish, that any down move from there on is worthy of an attack. That is just plain dumb unless the person specifically says “such and such is only going up from here.”

If you were legit and not just a nasty troll, you’d ask for clarification on the call right after it is made. Ex.: Are you bullish on the next session? Week? Month? Six months?

If you’re looking for immediate term precision, you need to go to Rick Ackerman’s site.

I would certainly not call him a “nasty troll”.

Al, I think you’d call him worse if you had my history with him. He’s been the most combative and vulgar person this site has ever seen.

Hopefully, you have noticed that vulgarity is pretty much absent from here now. I continue to work on that daily!