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J150 GLD

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#1 Halfday

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Posted 17 October 2017 - 10:43 PM

And inflation must save us all from the prospect of massive deflation of all manipulated valuations in any mean reversion of such heavily distorted parameters. But timing and adequacy limit probable outcomes to a rush for safe havens. Most of which are still cheap by Bitcoin standards.

That is for sure ...

Don't see the attraction for Bitcoin with hackers,, government closures etc..

 

But compare 10 and 30 year treasury yields with Gold price in USD.. 

Just love the perfect mirror symmetry,,

so it could be bad for Gold if they do raise rates in the short term.

 

At least gold is'nt in a bubble..

But it's still up neary $250 from the recent low in 2016...

But yes it looks so cheap relative to Bitcoin..


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#2 Snippit

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Posted 17 October 2017 - 04:35 PM

We agree ... because inflation is taking off in the USA ...This will drive Gold higher even if they drive rates higher...

 

And inflation must save us all from the prospect of massive deflation of all manipulated valuations in any mean reversion of such heavily distorted parameters. But timing and adequacy limit probable outcomes to a rush for safe havens. Most of which are still cheap by Bitcoin standards.


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#3 Snippit

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Posted 09 October 2017 - 03:29 PM

We agree ... because inflation is taking off in the USA ...This will drive Gold higher even if they drive rates higher...

 

Should be. Some say that it would take a hydrogen bomb to remove the negatively charged cloud that now hangs over gold. Others believe such negativity to be bullish. However, no matter how hard I bang my head on the desk, I cannot see the chart as being in the middle of a massive bear trend, as some not only insist but demmand payment for access to their obtuse support of old hat underwater hedge funds.


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#4 Halfday

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Posted 09 October 2017 - 12:56 PM

Gold at 4 hourly gives plenty divergences. Not so on daily or hourly. The chart suggests a bounce from here which suggests a pause with $US strengthening. If it goes for the wave 3 of wave 3 of wave 3 then things gonna change from complacent to increasing nervous. The alternate is up and down to churn out a mega Primary wave 2 zigzag. I would rather have the nervous crap and know where we are and where we going, even if it is to hell.

Charts are from a webview then copy and paste ctrl-v. They autofit nicely.

gold%2Bftrs-240-061017.png

We agree ... because inflation is taking off in the USA ...This will drive Gold higher even if they drive rates higher...


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#5 Snippit

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Posted 06 October 2017 - 09:17 PM

Gold at 4 hourly gives plenty divergences. Not so on daily or hourly. The chart suggests a bounce from here which suggests a pause with $US strengthening. If it goes for the wave 3 of wave 3 of wave 3 then things gonna change from complacent to increasing nervous. The alternate is up and down to churn out a mega Primary wave 2 zigzag. I would rather have the nervous crap and know where we are and where we going, even if it is to hell.

Charts are from a webview then copy and paste ctrl-v. They autofit nicely.

gold%2Bftrs-240-061017.png


Edited by Snippit, 06 October 2017 - 09:18 PM.

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#6 Halfday

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Posted 05 October 2017 - 08:21 PM

The FED has said it will raise interest rates... Traders betting on 70% chance they will do this without flip flop...

Look at Gold futures and compare to 10 and 30 year treasury yields .. Perfect inverted /mirror symmetry..

For some reason sharechat wont allow me to show the chart..Claims not to recognise the extension..

 

Anyway  it looks like gold will carry on down as the bond/treasury yields go up...


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#7 Snippit

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Posted 04 October 2017 - 09:58 AM

It appears that...

US dollar index completes wave 1 (stronger) and already at 23% retrace in wave 2 (weaker).

USDZAR has broken up from triangular wave 2 (stronger) and completes wave 1 of wave 3 (weaker) as it tracks the direction change of USDX and moves into wave 2 of wave 3 (stronger).

Whilst the USDX trends weaker then in carefree times gold trends in step stonger and USDZAR works to hold the Rand price steady.

US gold miners get a bid which influences dual listed miners to do likewise on the JSE despite same Rand price for the metal.

But wave 2 is just a partial retrace of wave 1 and the turn indicators sometimes fail which is why more is merrier.

 


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#8 YTT

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Posted 04 October 2017 - 09:53 AM

I hate the price it is at..All else I like  :)

 


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#9 Snippit

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Posted 03 October 2017 - 05:13 PM

J150 Gold Mining Index

Ji50-w-031017.png


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#10 Snippit

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Posted 03 October 2017 - 04:26 PM

gold%2Bfutrrs-60-031017.png


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#11 Snippit

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Posted 02 October 2017 - 12:20 PM

US$gold retrace has develpoed a 4 hr RSI (14) divergence, but no daily. The retrace is looking to equalise the last a & c legs as it approaches 61.8%. But how brave is the new world going to be?

Not only but also: https://wavecount.blogspot.co.za/


Edited by Snippit, 02 October 2017 - 12:22 PM.

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#12 Snippit

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Posted 28 September 2017 - 08:07 PM

When take-a-passing-chance interest becomes a scatterling of interest...

https://www.investin...entry-200215996

But still they have no clue how to observe without endless conjecture...

Not like we do it every hour of every day. Its either go (do something) or no go (do nothing).

Without any of the hooha mama.

 


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