GREENSPAN says THIS MORNING that BREXIT signals an EU break-up is in the works. Germany & Netherlands will hold together. Watch out for THE REST~! GREEK RESCUE WILL FAIL.
Wednesday eveningI observed that the “Downside Patterns Have Completed.” Moreover, I've noted that if we see a strong move up in the GDX to confirm the heart of the 3rd wave has begun, “the next degree wave (i) of 3 of iii should be targeting the 25.85 region, which is the main break out region for GDX.” (Major Gold Stocks ETF)
As far as silver and GLD, as you can see from the attached smaller degree charts, they have still not broken out of their respective resistance regions, as you can see from the charts link below. But, as I had been noting through the early part of the week, the positive divergences seen on silver supported that the market was bottoming, and the setup was in place to begin the next uptrend. In fact, the last time we had this exact setup on the MACD on the 144 minute chart, silver rose from 14.90-17.80 within 3 weeks. And, if this is truly the start of the heart of the 3rd wave, we “should” be able to exceed that performance on this rally. (from Elliottwavetrader.net)
T20, when you are correct.. you are RIGHT~! Show me a golden close above $1307 and I'll show you a revitalized Gold and Silver market. I can smell it.. just can't see it.. YET~!
Zolly, the good news is that your scholarship to TRUMP UNIVERSITY has been APPROVED.. be sure to respond to your invitation.. Immediately~! Classes for recognizing Suckers and Born Losers will begin enrollment without delay~!
CHICKENS will run.. time to think about which ones you will want to put in your pot. GOT THE BREAK we've been looking for and now we've got a a few weeks to put in your orders.. BELOW THE MARKET.. Besides Pan American I've got a couple of marvelous SPECS that I've had my eyes on .. for ages~! This is the DROP before the POP.. and the next move on the up should be a DANDY~!
Keyboard Cabal? All that I see is a market set-up for higher prices in the second half of the year. Tell me I'm wrong. I'm putting my money where my mouth is. This is the pull-back that the greedy couldn't wait for.. now you've got it.. LET'S SEE WHO HAS HAIR DOWN THERE~!!
t20. keep in mind that ALL technical indicators have value for those of us who trade. I find Zolly to be AN EXCELLENT CONTRARY INDICATOR and TIMING MODEL for all of us who are disposed to seeing higher precious metals prices.
Do Fundamentals really support higher prices?
Silver Posts 2015 Record Demand, Huge Deficit: World Silver Survey
Thursday May 05, 2016 08:15
(Kitco News) - Silver has finally caught up to gold’s rally, with prices hitting 15-month highs earlier in the week, and according to one analyst closely watching the metal, the optimism should continue.
“We“We’ve seen prices reach highs last week and we expect that trajectory to continue through the 4th quarter of this year.”
The silver market saw record demand in 2015,and had its third successive annual deficit, which was 60% larger than 2014. These were just a few of the findings of this year’s report.
Golfr, word has it that Zolly put a deposit down for the purchase of one of those silver pig farms that you and I know as mining companies.. We may be poor silver dupes but somehow.. I DON'T FEEL SO POOR.. TODAY~!
$15/share is just the beginning. Financial system signals inflationary depression.
ONLY ONE QUESTION I HAVE FOR YOU: Just how devalued will the dollar become?? Answer this and I'll tell you how expensive silver will get and just how dear a single share of Pan American Silver will become.\.
Golfr, I'm think'n that we need to become a bit more comfortable with these metals markets before they slam 'em for that one wash-out that will signal the end to the deflationary cycle and fully establish the return to our familiar inflationary spiral. The next wash-out should come frighteningly close to allowing Zolly to become jolly... before doing a 180 to the upside. Just my supposition but I'm in it .. to win it.
With silver up another 1.17% this morning, I feel like Robert Duval in “Apocalypse Now” because “I just LOVE the smell of incinerated silver shorts in the morning. . .” As I wrote about back in December with gold starting to rally, it feels different these days and silver feels as though it will be in the $20s sooner than one might imagine.