Happy belated b-day to your g-daughter as well.
I'll wish our grand kids all the best too. I hope they get it at least as well as we did without having to work as hard.
I'll definitely post anything I find interesting.
Happy birthday to him. Coincidentally my granddaughter also had a birthday this past weekend, her eight. My one wish is that their future,if not better than our past, will at least not be worse. I am not optimistic however about that.
When/if a new idea is born, throw the board a heads up.
Thanks, Alex. It's a shame they are going to shatter a number of good ETFs.
Didn't have a chance to even touch my computer this weekend. Have been celebrating my g-son's 5th birthday. Family party, kid's party..... I am still having a “headache through my entire body" (Goldie Hawn said this in one of the movies, was it “Overboard”?).
I am watchng commodities outside of PM space very close: NG, agriculture, etc, European,
S. American, E. Eurpean (mother Russia) ETFs - but no calls just yet. Interest rates seem to get away from me - I expected them to go lower, I still hope they'll get down to my red line.
Clint the end of qe in october is gonna be detrimental for commodities and it makes perfect sense to me.Less liquidity equals less inflation which consequently leads to a stronger usd (ecb by then would have started its own qe which makes the usd even stronger) and lower commodity prices.Those are the dynamics as long as I know.Take care buddy and gl.
I just watched it , very similar to things I have heard for three years. THE GREAT RESET. It would be good news but look who gets to set the prices and print their way out of tight corners.
Agreed...and if one views the weekly for the last 1 1/2 years and does a comparison we could see this next week as a down week followed by a relief rally before possibly moving lower. At a minimum a bounce off the lower BB is/will be do. imo
I have noticed the EOD rallies. Watch to see if Putin retaliates against the sanctions put on him this week.I believe he will soon with sanctions of his own. This could send gold higher quickly to easily over $1300 within no time.We shall see early this coming week.
Sentiment: Strong Buy
Trader is this wave down 17th march is wave d of the symmetrical triangle then retracement of last wave e should be around 70% i.e. to 1339.Wave d is usually the most complex of them all.Symmetrical triangles are evident on charts of gdx,gdxj and nugt.Look at them closely and you understand what I mean.
Now is the appropriate time to repatriate the gold to Germany and since according to the bears there is tons of gold sitting around with no buyers, then now is the time.
The fed can smash gold, trigger stops, print money, and buy it. Easy
You don't think so - about what exactly?
You do not think there will be retracements, relieve rallies and such before we hit the bottom?
You believe we are going to the bottom on a straight line?
The rally I wrote about was contingent upon this week’s closing above $1240:
===“the prerequisite is this week’s close above $1240”.===
Even I can read the chart and see, even without my glasses, it didn’t close above $1240.
I also wrote: (if this rally happens) ===“It could be the last rally before the slide below $1200”===.
I really straggle to understand what people here are objecting to.
Speaking of the BBs on the weekly chart…
The LBB is @ $1240.23, spot gold closed @ $1229.60. RSI closed @ 36.36, not dead oversold, but in what I would call “oversold territory”.
Looks a lot worse on daily chart: LBB @1235.33 and RSI @ 25.26.
There is also support level in the low $1220.
I would expect 30-50% retracement in a very near future, but what do I know.