If you desire to trade gold now might be a good time to jump on board
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The general and overall trend has been deflationary and that is the nub, every prognosticator can say what they want but this trend will continue. The bottom line is until the interference from central banks is nullified the system will just keep slipping into an ever expanding deflationary sinkhole. We need to cleanse the system by letting go and allowing the market to correct on it’s own.
DT, absolutely correct. The question is will they let it happen. A lot of people are going to get wiped out and will not be able to recover any of the losses in their lifetime.
BTW, Happy New Year! And don’t forget to root for your favorite political party! I know I will.
So are you in charge of the fund raising for Hilary down there!
I have to agree, Machine Gun!
GOLD MARKET ALERT!!!
Big volume GLD bought at $117.08, more than 330K shares.
Thanks Peter, did not see that.
Kind of lonely on the sideline isn’t guys.
Peter
Peter I have said for the longest time, by the time they figure it out the major gains like today will be gone..They will jump back in at higher prices.
Glenfidish don’t be in a hurry to take profits in the miners just yet. We are at serious resistance. Lets see how it handles this level first and then we decide.
Peter
Peter,
Im expecting next stop is 1223-1228..Then spike to 1233-1235. It needs time to digest today’s gains. I agree with you. I have not sold anything today.
Not my long portfolio
Not my short trading portfolio
You gotta be nuts to sell here when seasonality is favoring gold/miners etc.
I expect Wti 40/42 by friday then a spike. Spike can come at any moment but will be a false breakout.
glen
Glenfidish we see the charts same way, I agree with you a 100% ๐
Peter
Peter
Always nice to have someone else reading charts alike ๐
Matt is roughly in the same boat give or take. I’ve said this a few times in the past, everyone can see a chart and put there own interpretations on it but very few have the visions of what it is really doing and where it is going. Putting the puzzle together is not as simple as a,b,c.
May not be here for much longer. (Vis a vis the stocks!)
No comprendo Al?
A few more days of this, and I will be doing a bit of buying of the mining stocks.
The long term bear trend in gold is still intact Al.Technicals are bearish and imo gold is heading to 800.Bancruptcy phase,for junior minors in particular is yet to come.Take care buddy
Yikes
AL is ready to leave the sidelines bearish signal ๐
Peter
I hear ya!
Major resistance for silver comes in at the 600 week EMA:
http://stockcharts.com/h-sc/ui?s=$SILVER&p=W&yr=6&mn=6&dy=0&id=p42064117032&a=379470358&listNum=1
The 233 month EMA is support:
http://stockcharts.com/h-sc/ui?s=$SILVER&p=M&yr=11&mn=3&dy=0&id=p36748254681&a=378736230&listNum=1
Nice chart Matthew. Well spotted.
Best,
LPG
Hello LPG, funny how Fibonacci numbers just show up over and over again everywhere.
Best to you,
M
Keep them charts coming brother!
The December candle screams “trend change!”
http://stockcharts.com/h-sc/ui?s=$SILVER&p=M&yr=20&mn=11&dy=30&id=p82071456152&a=378748063&listNum=1
Without comment:
https://www.youtube.com/watch?v=NgzdgLR6tl4
I am a big Blues Brothers fan Duke. The song would not play on this link.
Can The Dow Correct for up to 5 Months? Posted on January 6, 2015 by Martin Armstrong
There is now a potential for up to a 5 month correct into May. This may be the real driving force behind sending heaps of capital flooding into the bond markets on the flight to quality scenario. If this unfolds, we should have a really wild bubble for recessions are created by a stock crash. However, moving into a bond crash wiped out the capital formation. This is why the 2007-2009 crash was so devastating. Bonds are where MOST capital resides โ not equities. The swing into equities REQUIRES a swing out of bonds. That is what BIG BANG will be all about.
So for now โ CAUTION is advised in stocks. Pay attention right now for we may be in a phase transition in bonds.
http://armstrongeconomics.com/2015/01/06/can-the-dow-correct-for-up-to-5-months/
Gary are you still in equities? It’s going to get ugly over there. Gold/silver is the place to be. The charts are screaming it. There needs no more confirmation. 1275 will be broken shortly.
We are headed to 1350.
Glen,
We took profits Thursday morning as soon as the S&P broke 2080 support. Now on the sidelines until the next daily cycle low comes due, sometime in the first week of Feb.
Ok good to hear from you. Please update us on new cycle counts if you can. I know your a busy guy but your cycles are the best I have seen along with charles nenner.
I will post this again as it deserves much credit!
Posted December 20th 2014
Id have to say that if we are not a bottom we are so darn close to it. Volume like I have never seen before in iag and across the board. 8x the average volume on iag and at a time were iag is above its november low. Me guts tells me we are about to explode higher. Me charts tells me its going to move very fast tomorrow into new years. You guys remember all my stars aligning story going back many many months? ok so we have aligned everything except canadian dollar i was looking at in the 77/80 region. It can come after. Euro 118/121. It can come within a day or two.
โ
Wti oil 35/40..It may not get there
crb=220 region. almost there
1180 triple bottom call i made. Few days before it broke i shared with you that it would not hold. Al said glen why the sudden change? It broke
Then two weeks ago i said silver will not break 15? Im hanging in there with that call
And finally i said buy buy buy gold has put its bottom on november 5th.
Here iam again and im telling you with a great amount of certainty that I believe we are headed higher into new years. We may just get a santa rally for the precious metals and a rally well deserved after 3+ years. I expect this rally to break the ICL gary gave up on.
Gary wanting nothing to do with metals put the nail in the coffin as to sentiment in metals. Lets see what happens sunday night.
Merry chistmas to all and to all a goodnight.
Not sure if i will have to post this coming week. My wife has a list. All the best and merry christmas to all of you and thx al,cory the 4 muskateers and all you posters in here for your invaluable contributions. We are really blessed to get world political and metals information updated at every hour.
Thank you
Glen
Hi : Just bought a high yield preferred on a oil production company yield 9.9% yield and below call price. Dividend well covered and production hedged at 90 per barrell for next 2 years. Preferreds are justly called the poor mans bond market. Also have high yield reits in my port. most are dong well up slighly. best of health and wealth to all S
EU inflation numbers out tomorrow – dependent on what they say I suspect there will be a sharp move in the markets.
If there is inflation then I can see the Euro up against the Dollar, gold down and a big spike in the conventional EU and UK markets.
But, if as I suspect, there is sign of contraction – especially any hint of deflation in Germany – then I can see the USD up and everything else… oil, conventional stocks, the Euro and Sterling… down big time. I suspect gold will also go up.
I am currently under the impression, Bob, that the inflation numbers will be pretty low. Let’s see if that is the way it plays out.
but if you lived in Russia and owned gold it reached an al time high against the ruble. In fact Gold reached a 52 week high against the Euro today. Why can’t this happen in the US?
FWIW,
I haven’t checked the data, but I suspect we’ve crossed 1000/Oz in EUR terms for gold.
Best,
LPG
LPG
Gold seems to be up in all currencies. Something that Marty the great armstrong mentioned would happen. I believe this is the turning point he was talking about in Jan. Gold higher!
All the best and happy trading/investing
glen
Glenfidish… Marty was still calling for Gold $800 this very past december….
Gen,
Marty will change his tune shortly..Everyone does.
gen,
Marty said if we closed above 1155 we would not see below 1000. Thats 100% what he said. He also said if we didnt close above 1225 we would see a lower low. Meaning above 1000 below current level. Glen is telling you he will revise and change his tone again.
Over a year ago, I said 1155 to 1125 was the worst case for gold. So far so good…
Nobody is sure where oil is going to go to, the SP500 is not good value, how much can the dollar rise without leading to liquidity issues somewhere down the line? The eurozone in trouble again with Greek elections on the way, as well as many other European countries having elections.
In this guessing game, I think that leaves gold in a pretty good position after showing up well in terms of worldwide currencies. Gold largely flat for a year is suggestive of a bottom. Rising uncertainty gives a rising demand for insurance, and in the world of currencies gold fits that bill pretty well.
Good points, The Greater
35/40 wti
Equities going to take it in the arse this time around. Santa claus left town lol.
Santa just forgot to leave everyone a bar of Gold ๐
Peter
NO PHYSICAL AROUND.
NO GAUST.
Peter
I think it could be dangerous to jump in now as gold might correct as the general market turns up.
Nothing has changed. Oil has just gotten so weak that its bringing the general market down now. Once this stops, it will be stocks up and gold stocks down. Good day to sell your metals folks.
Lol, good one!
Obama admits that US crashed oil price to punish Russia. If this is the case, oil decline will continue. The only logical result is US bail out high cost shale companies or buy their junk debt to rescue banks. The stock may comeback if someone talks. It has been silent . It is not consistent with what happened before.
I’ve got you marked tom! We shall see.
GDX coming into resistance.
Thanks Lawrence,
Note the post we just put up on this subject.
This schmuck had people buying oil in the high 90’s!
He is the master of catching falling knifes.
Come on guys, give silver a push!
http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=0&dy=0&id=p97190260859&a=383562908