456 replies to this topic

[Snippit]

The $US index prognosis (fundamental & technical) is the major headwind for $gold and the $ pricing for commodities in general.

If Trump gets the support then the chart points to a double top in 3 years before the next big correction commencing with the next US President... also a monthly take at https://wavecount.bl...ex-futures.html

 

[Halfday]

 Mario Draghi recently said " Nothing will derail the ECB's will to deliver inflation"..

Believe him,, this is true!!!!

Central Banks seem to want inflation to make their debt go away...

 

Once inflation gets going only someting of real value that can't be printed or just created out of thin air will preserve wealth..

Gold.. real estate and shares fit the bill nicely mid to long term...

Short term anything can happen to change that view...

[Snippit]

Posted at https://wavecount.blogspot.co.za/

 

[Snippit]

Posted at https://wavecount.blogspot.co.za/

 

[Snippit]

With Fed rate expectations having been ready mixed with cement the $US index chart receives confirmation of the bullish take. This does not augur well for the $US price of gold, and so a review and re-projection...

 

[Halfday]

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..

[Snippit]

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.

[Snippit]

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.

[Halfday]

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.

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

[Snippit]

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.

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

[Halfday]

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...

[Snippit]

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.

 

[YTT]

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

 

[Snippit]

J150 Gold Mining Index

[Snippit]

[Snippit]

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.

[Snippit]

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.