The weekly lower BB is 1204 while the daily one is 1290.

I agree that we won’t be seeing 1220. In fact, if the 50% Fib retracement (1283) in broken, I doubt we’ll see a move below 1270 that lasts for more than a day.

Gold always falls at least a $100+ from each peak. I think it will head to the 200 day in the 1240’s and could dip lower to scare everyone and bounce back quickly. I would like to get into gdx much lower but it may not come down enough.

That’s a step WAY too far. People have every right to decide for themselves what kind of risks they’d like to take.

oil for gold might just be what the goldbugs have been dreaming about.

The problem is that Comey is not getting what he deserves.

He destroyed evidence that would have put Hillary in Jail…..Hard drives.
He lied to Congress.

He obstructed justice,
and Trump has done nothing to get DOJ on the case.

Thanks for Ira TA videos. I enjoy getting his perspectives.

McCain may have killed more Americans than Viet Cong. He killed 134 men on his carrier and severely burned over 170 more. Then he collaborated with the enemy and cost the lives of more Americans. He is a treasonous turd.

Under the old system, any losses or fines came out of the partners’ pockets. In the early 1990s, for example, the firm was involved in transactions with Robert Maxwell, a London-based media mogul who was accused of stealing hundreds of millions of pounds from his companies’ pension funds. The $253 million that Goldman Sachs paid to settle lawsuits brought by pension funds over its involvement was split among the firm’s 84 limited partners. Now any losses are paid by a publicly traded entity owned by shareholders, with no direct financial liability for the decision-makers themselves. In theory, Goldman could claw back bonuses in response to executives’ bad behavior. But in 2016, when Goldman paid over $5 billion to settle charges brought by the Justice Department that the firm misled customers in the sale of a subprime mortgage product during Cohn’s time overseeing that unit, the Goldman board declined to dock Cohn’s pay. Instead, the company awarded him a $5.5 million cash bonus and another $12.6 million in company stock.

Cohn would steer the firm deeper into the subprime frenzy by setting up Goldman as a patron of some of these same mortgage originators. During his tenure, Goldman snapped up loans from New Century, Countrywide, and other notorious mortgage originators and bundled them into deals with opaque names, such as ABACUS and GSAMP. Under Cohn’s watchful eye, Goldman’s brokers then funneled slices to customers they sold on the wisdom of holding mortgage-backed securities in their portfolios.

Contribute this to Cohn…..and Sakers……
http://www.zerohedge.com/news/2017-09-22/mark-hanson-warns-housing-affordability-never-worse-long-shot

I think the cycle guys are looking for a failed daily cycle to take us into an intermediate cycle low now:

https://likesmoneycycletrading.wordpress.com/2017/09/21/miner-change-in-expectation/

Calfrac:

http://stockcharts.com/h-sc/ui?s=CFW.TO

I would encourage investors that are in any way worried that Gold is under too much pressure, to take a step back and watch this video with Gary Wagner.

The 5 wave EW pattern that started in the Summer Doldrums has had Wave 1 up, Wave 2 down, Wave 3 up, and we just concluded Wave 4 down. This will be followed by a 5th Wave up that should test last years high at $1377.50 (he projects near $1380).

>> SF60 Key Charts & Video Update – Morris Hubbartt

https://superforce60.com/video/2017sept21sf60/2017sept21sf60.html

Skeeta! Cheers & Weekend Beers in da pool……

Fed unwinding balance sheet and hiking rates one more time in 2017? So there is a bit of a change in the Fed speak to a more hawkish tone, rather a less dovish tone, also with lowish reported inflation for the second half od this year near target (according to BLS).

Gold has already dipped down to around $1290 as this is starting to happen, so it doesn’t look too bullish for the next little while. However there is plenty of chance for the general markets and economy to get tripped up.

It will be interesting to see if the news hasd just taken gold already down to support and the news is baked in but I am not sure. This seems a bit of a turn on a dime because people seemed to be looking at the Fed as being really dovish in the last couple of months until last week.

It is interesting that nearly all of the Fed tightening and potentially dumping some US Treasuries is coming now Trump iis in office!

Bob Hoye would probably say flattening yield curve then reversing to steepening is sign of credit crisis or recession/depression at hand, so there is probably a while to go yet as the curve is only justr flattening right now.