We start off with Gary Savage. And yes, Bird we discuss you comment about conspiracies as they relate to the markets.
Click download link to listen on this device: Download Show
So far this morning, the precious metals and the conventional markets are showing weakness. Will that continue thru today and, more importantly, thru the upcoming week.
Gary, after listening to you for a few weeks, a couple of take aways:
1. cycle counts really are meaningless because if they run long they are right translated and are cut short they are left translated, so like e-wave, up or down is the call and is always right
2. you said a week or so ago ‘technicals’ don’t mean anything because the cycle rules, but now you are talking about triangles, pennants, etc.
3. PPT was ‘capping gold’ then when you called the bottom the BBs were buyers, so again, your calls are always right cuase you always have an out – PPT/Fed
4. if Fed started QE4 (secretly) wouldn’t those in the know (BBs) be BIG buyers, so who is selling gold?
Mary,
Translation has nothing to do with the length of the cycle.
I said triangles can make cycle count fuzzy just like they do for EW.
I’ve never said the PPT was capping gold. I said the bullion banks were trying to force gold and miners as low as possible before the next leg of the secular bull begins. They have managed to push the XAU all they way back to the 02 lows. That is going to set up a huge bull market.
Gold is trading inversely to the dollar. As long as the dollar continues to rally then there will be sellers of gold. Gold is due for a DCL as it’s late in the daily cycle.
If you follow my blog I even warned traders that it might not be a bad idea to take some profits in case the metals were about to move down into a DCL.
The SMT metal portfolio is up 20% so far this year. Consdering that sector is negative for the year that’s a pretty good return.
Are GIRLS allowed on this site Al?!?
Now Jason, don’t get me in trouble!
Mary, you are pretty new to our site.
I , for one, truly appreciate your input.
You will realize that Gary can be very controversial.
Again I, for one, enjoy his comments. Then again I probably view them differently than many others.
Al,
Mary isn’t new. She is just the latest manifestation of JJ or James or one of the other trolls that have infected the site.
Ouch! Okay, so long. It’s not worth wasting time with this. The PPT made me do it! Good luck peeps, be careful, it’s dangerous out there as the Fed tries to talk the markets to where they’d like them to go.
Yes, I too enjoy his comments as well. But like Avi, I find that ‘newsletter’ people always have a way of having made the right call. Avi used to be a banker in the medical space and now he’s a e-wave guru? Please. I’m around people managing real moneyt and see the P/Ls daily and its a whole different world than the newletter game 😉
Bravo !
ditto
20% gain in the metals portfolio so far this year. That is real time calls and real money.
Do I need to say more?
What was the spot price of gold and silver on the first trading day in January?
Gary, I think it’s actually higher than 20%. I thought you made 20% in Jan alone – plus now this Oct run – I’m guesstimating you made 30%-35% in total.
I appreciate this forum Big Al. The Doc is an excellent chartist; gary great at cycles.
What they both miss to some extent, however, is manipulation.
Sure, some manipulative effects show up in the charts retrospectively, but not so much propestively.
Sure price manipulation does not happen all the time…..just at key times.
I believe we have just passed a localized 4-6 month peak in gold.
If I am right, manipulation is again rearing its head and gold should drop about $100, silver should penetrate below $15.
I personally shorted GLD and SLV on Friday.
Time will tell if I’m correct.
I will cover my shorts when gold is at $1100 and silver is at $15.
I will be adding to my physical silver stockpile when I can buy it under $15.
Well said Mary. Personally I can’t be doing with all these charts and technical where criminals (being a law unto themselves) are running the show. Much simpler I believe to just sit back in the belief that the truth re PMs will and must prevail. Furthermore,, because of the endless shenanigans not only will gold act as insurance, it’ll pay handsomely as an investment.
Hello Andrew….I have to admit , I’m in your camp.
Uh-oh Andrew…..watch you silver stash if Irish is in your camp 🙂
Excelsior….HaHa I like it……I know where the Rev. hides his stash , in his local grave yard, under a headstone with a name connected to a parrot.
funny.
Great point, . PROFESSOR.
Regarding “manipulation, it is all in the definition.
The PMs are narrow markets and the price goes to a great extent where the market-makers move them.
TF Metals has a article out and he says the “BOYZ” might bust the Comex down just as they have been. I dont trust anything anymore! Thanks!
I do Tim, but I am certainly careful!
Conspiracy………started in 1913……..
I thought it was in 1871 …
https://en.wikipedia.org/wiki/District_of_Columbia_Organic_Act_of_1871
Well, you could go back to 1864, with Lincoln , and the Central Bank……and a bullet to the head., Might even go back to George Washington , and the illuminate .
But, your point is well taken. My statement was more in keeping with the comment of the FED HAS YOUR BACK, MORE like your BACK POCKET.
You’re all wrong – it was when Eve got Adam to nibble her apple whilst, nearby, a snake watched.
OK, but we are not to talk religion on the site…….but, I would agree with you 100%
We have no problem with religion. We do have a problem with personal slander..
Just keeping in the guidelines, as some get excited, when the truth is told.
Afterall, this is a metal mining for riches site…………..
Right on, UK Bob
I think what Bob is saying is don’t trust Aunt B.
The Fed, the banks, Wall Street, the politicians, corp execs – they all do what they do and have for ever. If you believe that they are in your way, just stay out of the markets, why bother punishing yourself.
FRANK FROM MOSCOW:
Can you please expound your conclusion? Why 1913?
When was the FED CREATED……….
HOW far back shall we take this HISTORY LESSON………anyone following history already knows the answers. Heck let’s go all the way back to ROME, AND the clipping of coins.
FRANK
I believe that the “It’s the banker” line is a RED HERRING.
I think we are on the same page, if we go back to “money changers”……
Even in COLLEGE….the course is called MONEY AND BANKING….which they never tell the truth on the subject.
FRANK
I do not know if we are “on the same page” to be totally honest with you. I see the entire attack against “crony capitalism” and/or “the rich” as a French Revolution all over again – LET THEM EAT CAKE!!! Rile up the masses for revolt against the system!
I see that as a SUBTOPIC, not the main topic or even the greater issue.
1913 = Federal Resaerve Act of 1913
ditto……..A+ for the day…..
MARY
Thank you. I have different views on when this all began. I for one do not buy the “official” story (fable) that this is a GREEDY BANKERS vs. the REST OF US issue. This goes MUCH DEEPER than that.
You need to expound on your comment, and see if we are on the same page….
Bentail, I agree with your comment…”this goes MUCH DEEPER”
FRANK
I see it as THE issue – in order to usher in a one world economy they must get the world to loathe the OLD system first. You cannot build a tower in a space where another tower exists: it must first be torn down in such a way that the public has approved of its destruction (hence films like HUNGER GAMES and ELYSIUM in the controlled media’s handbag – to condition the masses to loathe GREEDY ELITISTS who ironically control Hollywood (the same institution that is attacking the elites). Do you not find that peculiar? I certainly do.
Bentail………..the system and all system are going to fail…it is already written.
You ‘re correct but the keyword is eventually.
But, you could see my above note to Gabrial………..for why, I mentioned 1913. Sorry, if my answer should sound rude…..I just feel we have been over this topic for more years than I wish to count.
The creation of the FED.
Conspiracy started in the Garden when Eve was deceived by Satan regarding the tree that was good for food and a delight to the eyes. This website and others have helped to break the monopoly of information in this country and the Conspirators hate it.
Conspiracy started in the garden of eden? Sometimes you guys really do crack me up.
This “money changer” thing has a lot of “key” points in time. (discussing when it started) Personally I prefer 1913 and Waterloo.
We can go back to Jesus losing his temper in a temple, (the meaning changes tho depending on what “group” your talking to)
The “warning” was not new tho, Julius Ceaser was opposing “money changers” so Jesus was talking about common knowledge to anyone interested enough and had opportunity to be informed.
Wayne, just out of interest did you know the snake was the symbol of the Goddess?
A lot of people don’t, when St George? drove the “snakes” from Ireland was it snakes they were talking about?
The whole conversation of “when it started” could be silly now. Interesting story tho.
bb….St George !…..& there’s me believing for all these years it was Patrick…..
Ah well just goes to prove I’m just a thick mick after all……………SIGH.
That’s why the “?” Tony I forgot which saint it was.
Thought I was doin pretty good with just knowing the country.
Many thanks for the compliment, Wayne!
The Cartel is relentless!!
Until it is forced to relent!
More or less !
Everything including sex has been corrupted. Thank God for Paul Craig Roberts.
http://www.paulcraigroberts.org/2015/10/19/whatever-happened-to-sex/
He has GREAT ideas, but he looses some credibility when he talks of ‘naked shorts’ in the futures market. It be better if he stopped as it shows what he doesn’t know and takes away from his more important messages. Ron Paul did the same thing and lost some following that way.
Ron Paul had ALOT of following, but was BLACKBALLED!!
All The Best,
JIM
I can’t think of a single significant idea of Ron Paul’s that was nearly as “whacky” as those that the sheeple fall for every day.
International Matthew, by the way, I happen to agree.
+1
Mary, I’ve heard PCR say that, too. So what is actually happening?
PCR asks, “who is to say the planet wouldn’t be better off without us?”
I agree, I think George Carlin had it figured out, the planet needed plastic, so we were created to eventually invent and manufacture plastic.
The planet knew from the beginning plastic would eventually kill us off, and when we are gone the planet merely goes back to the way things were before we arrived.
But with plastic, who knows what the earth wanted it for.
Silver miners getting hammered this morning. Taking a look at a stock like EXK, it hasn’t done anything after it put in a huge reversal candle back in August. The weekly chart is pretty neutral as of today, but it certainly looks like it is shaping up just like march to July of this year, which is not good.
On the daily chart, EXK looks like it is forming yet another upward sloping head and shoulders top if we were to get a bounce back up in the next couple of days. I would almost rather just break the neckline now and just go straight to oversold so that we can be done with it.
Spanky, you saw the COT in silver Friday I hope.
Conspiracy theory? Of course it’s a conspiracy. The accidental theory of history is a blank page!
Actually, EXK and many other silver miners are getting a confluence of their 20, 50 and 100 dma. Last march the same confluence lead to a breakdown. Would be a difficult pill to swallow if it happens yet again.
Should say the last confluence was in june/july this year.
Looks like you have a problem with Gary, Mary.
Absolutely nothing wrong with that. Please just remember that we are all entitled to our personal opinions.
Best to you.
Matthew, you are 100% correct, I followed that fool for 8 yrs., thinking he had some greater good……..HE IS STILL A POLITICIAN……
The comments are being bounce around …..so, must be some deleted……
This is all very nice but it’s hard to imagine that prices change based on mathematically formulated cycles.
It kind of contradicts with human nature such as sentiment, politics, corruption, and manipulation.
I think that is why using EW for forecasting time has never worked correctly. Because there are simply a million factors that can affect the price.
It’s nice to play with these tools and nice for you if you make money …
Gold stays cheap until the Comex breaks. The reason for gold’s low price has to do with the amount of derivatives creating synthetic supply of gold.
No comment today.
The irony of conspiracies is that everyone develops plans, goals and milestones for everything. In the case of PMs the Fed (via its cronies) is managing the price of money via the dollar bench marks for gold. …just a thought.
Gary, if they had a real audit of the Fed, we’d all know for sure what these rascals are buying and selling.
***** DON’T PANIC, DON’T WORRY, GOLD WILL RISE BACK UP TO MAKE NEW HIGHS *****
Just play it cool……….it will rise very soon!
I never worry because I know time is on my side. I don’t play the game somebody set up for me. Nothing they can do to me if I don’t trade.
Mine too Dragonite
I’m still waiting for Gary’s market crash to occur.
***** NOTHING TO WORRY ABOUT, GOLD WILL RISE AGAIN VERY SOON! *****
So play it cool!
I agree with Mark.
TUES MORN, and it seems like you are correct, if you look at HONG KONG.
interesting report, thanks!