70 replies to this topic

[Snippit]

Spot XAU/USD; JSE J150 Gold Mining Index

 

The chart of the spot $US price for an ounce of gold is not exactly readily identifiable from the chart of JSE Gold Mining index. There is close correlation at the top of [1] and again at the low of (2)...

 

https://jsecharts.bl...ning-index.html

 

 

 

aurum Disputatio

 

21h30

Edited by Snippit, 20 February 2019 - 09:57 PM.

[Snippit]

The daily chart of GLD is hesitant but repeatedly straining at the leash until subdued. Something must eventually give..

 

https://jsecharts.bl...se-gld-etf.html

 

 

Trust me, there are no tricks here, unlike virtually all other post hereabouts. You only receive tangible encouragement to teach yourself, and protect yourself here, unlike virtually all other posts hereabouts. You do not risk being duped here, unlike virtually all other posts hereabouts. This is not a joke.

[Snippit]

Gold continues to dodge the question. Its a zigzagathon. 

 

https://wavecount.bl.../gold-usoz.html

 

 

Vote for rolling growth cuts. Better than rolling throat cuts.

[Snippit]

The alternative count interprets the probability for a strong bull action.  Now it is Minor wave 3 underway, with the mid-wave pause generating an extension. This pattern is regularly seen in strong bull markets. 

 

https://jsecharts.bl...old-mining.html

 

 

Entourage Suspendisse

[Snippit]

Now the Gold Mining Index (J150) makes a noise like a cowbell on a Swiss mountain.

 

https://jsecharts.bl...old-mining.html

 

 

This rhymes with the STXRES:  https://jsecharts.bl...-resources.html

 

[Snippit]

The hourly chart gives the first RSI divergence indication of a turn. However, unless there is a serious romp in gold price, the action appears more likely to be minor wave A completing.

 

https://jsecharts.bl...old-mining.html

 

 

Frantic is a 1988 American-French mystery thriller film directed by Roman Polanski and starring Harrison Ford and Emmanuelle Seigner.

Frantic - distraught with fear, anxiety, or other emotion.  e.g. 

The horde of fake posters that seek to dupe you are evidently becoming frantic.

[Snippit]

GLD is the symbol for the NewGold ETF. The price is the Rand price of an ounce of Gold less admin. The weekly chart indicates that a new bull era has been entered. Generally known as paper gold due to the Fund needs only a nominal amount of physical gold in order to operate the Fund. In this way the supply and demand equation for the metal is overpowered by the false demand and the price of gold is thereby intentionally suppressed. When you buy the ETF you are assisting the price control (suppression) action of the underlying commodity. No guesses for who is the biggest buyer, but as with all such taxpayer backed manipulations the excuse is that it is for the greater good. Hence pick a commodity that you want to suppress (for the greater good) and go for it. Further down is the daily chart.

 

 

https://jsecharts.bl...ewgold-etf.html

 

Sideways action means passing through the same price range repeatedly. Programmed trading systems typically cause clustering at round numbers. Inside information on the most active programs can be leaked out to dupe punters before the program is changed by market maker interests for enabling their collection of windfall profits from their duped muppets.

 

The "cash" index is operated by a market maker. These outfits operate with a conflict of interest when they also act as brokers. The practice is clearly questionable and I believe it should be outlawed. 

 

 

 

[Snippit]

Sideways action means passing through the same price range repeatedly. Programmed trading systems typically cause clustering at round numbers. Inside information on the most active programs can be leaked out to dupe punters before the program is changed by market maker interests for enabling their collection of windfall profits from their duped muppets.

 

The "cash" index is operated by a market maker. These outfits operate with a conflict of interest when they also act as brokers. The practice is clearly questionable and I believe it should be outlawed. 

 

For Gold in $US/Oz there is also a bull take and a bear take:

Accepting that Primary wave [3] is underway then Minor wave 3 is indicated to be nearing the start of its final wave [v]. 

 

https://jsecharts.bl.../gold-usoz.html

 

[Snippit]

The gold mining index has commenced Primary wave [3] and delivered Intermediate wave (1):

 

https://jsecharts.bl...ning-index.html

 

 

specialis partus

 

[Snippit]

Looking for some corroboration for the $Gold chart..

 

https://jsecharts.bl...ld-newgold.html

 

 

confirmetis historia

 

[Snippit]

The hourly chart of $Gold eventually fails to hide the Intermediate wave (1) leading diagonal pattern...

 

https://wavecount.bl...-ustroy-oz.html

 

 

solstitium effectus

[Snippit]

Thats more like it...

 

https://jsecharts.bl.../gold-usoz.html

 

 

commercia auxilium

[Snippit]

This hourly $Gold chart may yet turn out to be a bear trend correction BUT  ...

more at:

 

https://wavecount.bl...18/12/gold.html

 

Gold is poised - pasop

 

 

aureum praenuntientur

[Snippit]

Maintaining an awareness of leading indicator Dr Copper is good for the health and can give protection against heart attacks...

 

https://wavecount.bl...opper-uslb.html

 

 

Bears see a  B-wave (not shown here) and expect that [2] will not sustain.

Bulls see a leading diagonal wave (1) and expect only a partial retrace of (1)...

 

 

Aeris Carinis

Edited by Snippit, 05 December 2018 - 12:01 PM.

[Phoenix...]

Thank you Sir......Very frustrating though......Any chance on a rand dollar chart ?

[Snippit]

Looks like ongoing sideways action within the 2nd waves...

 

https://wavecount.bl...gold-v-dxy.html

 

 

fures Nemo

 

[Snippit]

Now the bull gets another chance but must again run the gauntlet

 

https://jsecharts.bl...-ustroy-oz.html

 

[Snippit]

Forgot to post the GLD chart previously. It looks similar to this...

 

https://jsecharts.bl...w-gold-gld.html

 

[Snippit]

GLD: The double top and potential abc corrective form of wave (i) advise caution against bear trend continuation. The volatility can work both ways. But my take is bullish.

 

Supporting the bullish view is the GLD component of USD/ZAR where waves 1 and 2 were targeted exact. So now the target for wave 3 is perused... maybe 3 times lucky...

 

https://jsecharts.bl.../10/usdzar.html

 

 

 

Maybe the run of articles on South Africa by the New York Times is not exactly promotional...

https://www.nytimes....c-killings.html

Edited by Snippit, 02 October 2018 - 03:16 PM.

[Snippit]

GLD: The double top and potential abc corrective form of wave (i) advise caution against bear trend continuation. The volatility can work both ways. But my take is bullish.

 

https://jsecharts.bl...10/gld-jse.html