Doc is back!
Doc is back so we focus on the moves in gold and the US markets. We are looking for the sell off in gold to continue but not get to extreme levels. As for the US equity markets Doc is worried about how bullish everyone is. We also look at the VIX and when not if volatility will pick up.
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No more AWOLs Doc! Welcome back.
OK this is what I think. I agree with Al all the fundamentals are bullish for gold. BUT, I’ve followed this market for 20 years and it never works out as you think. So I might pick up a couple of ounces at £838, but if it ever drops to £750 let alone £700 I will go ‘all in’ as say 35% of my portfolio. I find it easier to work in £ sterling as my base currency, looking at the $ price creates too may variables…anyone else find it works better just staying in local currency?
My dog made off with a full link of Mennonite summer sausage.
The last time she did that, we saw the PM shares make a prolonged surge.
On top of that, her droppings fell in a manner that, when analyzed, showed a near-perfect head and shoulders formation.
Do what you want with this. But I cannot question the technicals.
Welcome back Doc.
best advice i have heard in years, who needs a lucky charm when you got dog crap.
Same here Rand although your dog’s turds sound truly convincing, my candlesticks are sending sparks in an upward trajectory. That said, I feel we need Irish Tony to offer some final confirmation on what his Guinness slops will be telling him! Best, A
Welcome back, Doc. Did you eat lots of strudel and wurst in Austria? While you were gone I bought some PPP@1.66. I know you follow it. Do you own it now?
Thought I was going to go through withdrawal . . . welcome back Doc!
There is an interesting chart of the CRB Index in the article (linked) showing a fairly large breakdown below long term support. I had stopped looking at the CRB awhile ago since its current price kept falling ever deeper into negative territory. But anyway, this chart popped up today and its telling…..if not a very big worry.
The article from Plunger is not one I generally agree with but that one chart is helpful and one we should keep an eye on. It does say we are heading into a nasty deflation if we fall all the way back to the 100 level. And that means gold is going to get its teeth knocked out.
But you already know how I feel on that score.
Gold – Mr. Cool Cucumber is starting to Sweat — Take note of the CRB chart part way down the page.
http://www.marketoracle.co.uk/Article55361.html
Doc is the only person that is keeping Korelein economic reports going. Only reason I tune in …. good to have you back.
I loaded the boat on NUGT today.
Let the chips fall where they may.
Good Doc is back…. savage has been hitting it out of the park…..
Agree. Gary makes a lot of sense lately.
Finally our good luck charm is back!
When doc is back the metals move up. When he is away the comex will play.
Good to have you back! Doc!