for their Sunday electronic trading bear raid?
My bet... Equities continue to rally
AU meanders in the new trading range
it has no predictive value....while
The PPT's favorite asset class(equities)scores a spectacular weekly upside reversal unlike the barbarous relic which got thumped on cue in its 1st foray into horrific resistance.($1150)
We'll see if the HUI outperforms AU next week
or if equities recovers #17000
Don't rule out a PPT rescue of the Yr ago Aug close @ #17097 on Mon
Sunday massacres are commonplace routine events
maybe BEARS are in the FED Snipers' crosshairs!
because plunder is their religion
and they're devout plunders!
any mkt order will take this POS to new 52 week lo's while
Chestnov , the tribe's high priest, remains in the catbird seat even after destroying our co (43% public)
the 57% don't care
there are no costs
we bear all the burden while they reap the spoils
JLN will be defunct by the time they leave
certainly, nothing to boast of just a fact
Meanwhile RISK OFF ratio rises to a multi-year hi @ 121bps, just ,04bps from Red Alert!
and the mkt just started to react to a trend that has been apparent for MONTHS!
& it's DISCOUNTED it already?
not only is the DOW(N) for the yr so far but now they have to deal with
the DOW(N) for the 52 week
So MoMo is now negative for the 1st time in years
"52 Week ROC turns DOWN!" a fitting headline
guaranteed to crowd out AU & MINERS for a change in the OBIT section of the WSJ
It depends on what it is being compared to on a long term basis or where your flight originates
Do your own ratio test..
do your own 1st hand analysis & judge for yourself
it doesn't mean that AU is the same price as when you started out but that its RELATIVE strength be better than had you stayed put!
It's no only compared to the $USD$ price
ask the Greeks
that there is no real support from this analysis above #1400(SPX)
Of course now that the
DEC CLOSE is History
the 200dma is HISTORY
the Feb intra-day lo is HISTORY
all that remains is the Oct lo @ #1820
GOLD trading @ $1167.95
that's what you get!
& that's an ingredient only the mkt can measure & add
don't bet on a plunge below DOW 17037
SCARED $$$$ ?
what a Bucket Shop operation
let him twist in the wind
then string up Chestnov next ro him
meanwhile back @ the commodity corral
the Commodity value of Au reached a new 52 week Lo @ $1052
FASTEN your SEATBELTS
Chestnov reached his low in mgmt skill in dec 1988
and the TRIBE still worships him
hoping to gain a whiff of traders' sentiment @ the key $1125-1130 resistance
HUI (125.96)must confirm any move that AU makes above last week's hi @ $1126.30
or suffer another humiliating non-confirm
desperate to sell 1K shares below recent offering prices
GOSH this is boring
the only more dismal & boring is CHESTNOV's record @ the helm of JLN
that is the AM question
the BOVINE ONE leaves AuBugs in a quandry
but not for long
in the unregulated Corporatcracy new normal world we inhabit
it doesn't require daring
an old saw use to say. "who owns the AU writes the rules"....
that was before CB's were created & the 1% bribed the representative govt we enjoyed
no Teddy or Franklin to ride reign on the robber barons
"WHO COURTS THE BOVINE ONE GETS TO WRITE THE RULES!
as AU resumes its leadership vs Commodities including Oil
Even the DOW/AU ratio has given up has given up ground from 16.50 to 15.47
but a reality check reveals that the pullback has only drawn back to previous resistance (15.50) so cheers are pre-mature
Oh well enjoy the farce