potential positive divergence in the daily macd amid double bottom in price Bears watching(pun intended)
Or a flag since the April low. Aka falling wedge since June high. who knows...
price is the ultimate adjudicator. I also note pos divergence in the daily rsi with the recent lows and a macd histogram that is breaking over the trigger line.
who knows? it's a risk vs reward thing to me.
As far as being a train wreck, that depends on your time frame. 2001-today is over 1000% for instance. kinross did this same grinding downward move from 2003-2005 and caused similar capitulation just before it had a great run.Maybe that will be the case again, who knows?
yet their aug 4th release debunks what he says. They made 15c a share vs a yr ago's 3c a share. A 500% increase and a stock worth 30% less than a year ago witha 30% higher gold price.
with the american markets closed a strange phenomena occurs with the beta pros. They are making sense today!
I have thenm all paired up in the bear and bull versions and low and behold they are pos/neg...pos/neg etc. Whereas usually the bear and bull oil for example can both be red at many times when the us markets are open. Just an observation....
Thanks for that link Mackinaw, I watched all of it(excellent) and frankly it endorsed what I have thought for the past 30yrs. I remember debating this topic with a friend in 1980 or so and she could just not fathom the planet would run out of anything(space included)
Meanwhile, I attended a chamber of comerce meeting this past tuesday that stated the town had grown from 22k to 35 k in 4 yrs, which is pretty much on track with the entire link you provided. (notwithstanding ebbs and flows of growth within community's)
The bottom line of sustainability seems very clear in the big picture.
Well, you show a disdain for anyone that thinks gold is a good investment by labelling them.
That is pretty much an extention of racism as far as I see it or just plain naive.
The fact is they have been right for 10 yrs now which is a pretty significant % of ones investment lifetime.
From 250 to 1100with gold or 35 to 400 with the gold shares against spx 1500 to 1100 over the past ten years.It doesn't take much to see you are sour grapes. The market is what is is and you have and continue to miss one of the biggest bull markets going because you choose to label or have preconceptions about a persons freak stature. lol that is hilarious.
Good luck with that.
They have been getting rich while you have been getting poorer, look at the data it is cut and dried.
someone asked the other day if there was any set up to be confident in the completion of an Inverted head and shoulders pattern.
For years my answer has been yes, today? well we shall see but the same set up is forming.
1.price breaks out of a definative downtrend and rises to prior resistence.
2.price falls to test that downtrend completing a healthy retrace and higher low.
3.a right shoulder is formed as price retraces to the downtrend,fib levels and consolidates
4.everyone and their brother says we are going down
5 price breaks upward surprising all
If you look at the 2003 ihs and think about how many may have dismissed the po over the next 3+ yrs and then see how accurate it really was, then you get a sense(right or wrong) of what the recent ihs may be driving price to?
Although nothing is certain, the po of the 2008/9 ihs, whether it gets there or not is another issue. Traders will exit when they will.
Having said that, most dismiss that possibility after the breakout yet price moves on.
Note that both price objectives are a 50% fibonacci extention off the reaction highs from their bear leg lows as well.
96.60ish is the next fib po off the june high,back in June when rsi was at this level, oil was at 65 and went on to 74. So who knows? perhaps it keeps running? The producer charts seem to look bullish.
Press release after the bell, any opinions? I have a tough time reading between the lines or getting to the "nut" in these.
potential positive divergence in the daily macd amid double bottom in price Bears watching(pun intended)
Or a flag since the April low. Aka falling wedge since June high. who knows...
Les, there are 2 gaps to get filled with kinross 16.75 and 18.10, they almost always get filled imho. but who knows..
the falling wedge clearly has broken out.
more than half of yesterdays volume already.
price is the ultimate adjudicator. I also note pos divergence in the daily rsi with the recent lows and a macd histogram that is breaking over the trigger line.
who knows? it's a risk vs reward thing to me.
As far as being a train wreck, that depends on your time frame. 2001-today is over 1000% for instance. kinross did this same grinding downward move from 2003-2005 and caused similar capitulation just before it had a great run.Maybe that will be the case again, who knows?
looks like a falling wedge with a breakout very close? Seems like a lot of capitulation volume?
yet their aug 4th release debunks what he says. They made 15c a share vs a yr ago's 3c a share. A 500% increase and a stock worth 30% less than a year ago witha 30% higher gold price.
Whats a guy to think.
50%
with the american markets closed a strange phenomena occurs with the beta pros. They are making sense today!
I have thenm all paired up in the bear and bull versions and low and behold they are pos/neg...pos/neg etc. Whereas usually the bear and bull oil for example can both be red at many times when the us markets are open. Just an observation....
Louise Yamada mentioned the hs top in advance of the fall through the neckline in 2008, price has now retraced back to the neckline
Thanks for that link Mackinaw, I watched all of it(excellent) and frankly it endorsed what I have thought for the past 30yrs. I remember debating this topic with a friend in 1980 or so and she could just not fathom the planet would run out of anything(space included)
Meanwhile, I attended a chamber of comerce meeting this past tuesday that stated the town had grown from 22k to 35 k in 4 yrs, which is pretty much on track with the entire link you provided. (notwithstanding ebbs and flows of growth within community's)
The bottom line of sustainability seems very clear in the big picture.
Well, you show a disdain for anyone that thinks gold is a good investment by labelling them.
That is pretty much an extention of racism as far as I see it or just plain naive.
The fact is they have been right for 10 yrs now which is a pretty significant % of ones investment lifetime.
From 250 to 1100with gold or 35 to 400 with the gold shares against spx 1500 to 1100 over the past ten years.It doesn't take much to see you are sour grapes. The market is what is is and you have and continue to miss one of the biggest bull markets going because you choose to label or have preconceptions about a persons freak stature. lol that is hilarious.
Good luck with that.
They have been getting rich while you have been getting poorer, look at the data it is cut and dried.
someone asked the other day if there was any set up to be confident in the completion of an Inverted head and shoulders pattern.
For years my answer has been yes, today? well we shall see but the same set up is forming.
1.price breaks out of a definative downtrend and rises to prior resistence.
2.price falls to test that downtrend completing a healthy retrace and higher low.
3.a right shoulder is formed as price retraces to the downtrend,fib levels and consolidates
4.everyone and their brother says we are going down
5 price breaks upward surprising all
Who knows anything can happen
just patterns, but that is what they suggest. Falling volume up to res.
If you look at the 2003 ihs and think about how many may have dismissed the po over the next 3+ yrs and then see how accurate it really was, then you get a sense(right or wrong) of what the recent ihs may be driving price to?
Although nothing is certain, the po of the 2008/9 ihs, whether it gets there or not is another issue. Traders will exit when they will.
Having said that, most dismiss that possibility after the breakout yet price moves on.
Note that both price objectives are a 50% fibonacci extention off the reaction highs from their bear leg lows as well.
Just observations....
well that is pretty simple, try 250 to 1226 gold as the sm goes down and apply the same logic.
sorry it does not work, crystal clear
This sums it up,very funny
http://www.breitbart.tv/132-the-number-of-times-ob...
96.60ish is the next fib po off the june high,back in June when rsi was at this level, oil was at 65 and went on to 74. So who knows? perhaps it keeps running? The producer charts seem to look bullish.
"The worst case scenario for the NY boyz would be to have gold rise while the DOW crashes"
There is a very tidy looking hs top in the dow gold ratio running back to April on the daily chart , perhaps they have their work cut out for them.
the 30 yr has an hs top that has been forming for a few months now,I would think that is making longs awfully nervous as it is a fairly big one.