Charmin Posted July 31, 2009 Report Share Posted July 31, 2009 AEM is neutralized between one year old highs and lows. It's building cause between 45 and 63 and waiting on the crowd to give it the big push when they all realize inflation is the next bubble. For now, it's content to go sideways where buyers or sellers are just marking time. The old shorts are probably giving up in small amounts in the last month ready to release it from it's doldrums. http://www.StockSharePublishing.com/ChartL..._1249083699.png Link to comment Share on other sites More sharing options...
Charmin Posted August 1, 2009 Author Report Share Posted August 1, 2009 GSS breakout http://www.StockSharePublishing.com/ChartL..._1249094992.png NXG next up http://www.StockSharePublishing.com/ChartL..._1249095047.png Link to comment Share on other sites More sharing options...
Ageka Posted August 1, 2009 Report Share Posted August 1, 2009 looking for an august low. and then a sept. top followed by a larger decline.dharma I am afraid I disagree with 2/3 of that scenario Link to comment Share on other sites More sharing options...
dharma Posted August 1, 2009 Report Share Posted August 1, 2009 I am afraid I disagree with 2/3 of that scenario np i dont know i just follow my work dharma Link to comment Share on other sites More sharing options...
Ageka Posted August 1, 2009 Report Share Posted August 1, 2009 np i dont know i just follow my workdharma What does np mean ? Link to comment Share on other sites More sharing options...
dharma Posted August 1, 2009 Report Share Posted August 1, 2009 What does np mean ? np=no problem! dharma Link to comment Share on other sites More sharing options...
Ageka Posted August 2, 2009 Report Share Posted August 2, 2009 Thanks for explaining I think the larger declines are over if you mean way below 900 $ Link to comment Share on other sites More sharing options...
dharma Posted August 2, 2009 Report Share Posted August 2, 2009 Thanks for explainingI think the larger declines are over if you mean way below 900 $ perhaps, i see a major correction in the broad market in the oct/nov window, that coupled w/the long term cycles due to bottom in oct/november leads me to believe we have a larger correction in gold. dharma Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted August 3, 2009 Report Share Posted August 3, 2009 Those manipulators just don't want $960 to fall just yet. Miners pretty much ignoring the spot battle. Link to comment Share on other sites More sharing options...
Charmin Posted August 3, 2009 Author Report Share Posted August 3, 2009 Last month I thought we might go up to SLV 14.25. Guess I needed patience. http://www.StockSharePublishing.com/ChartL..._1249324686.png I got to believe inflation will rip roar Link to comment Share on other sites More sharing options...
Charmin Posted August 3, 2009 Author Report Share Posted August 3, 2009 HUI is starting off better than expected and lunging toward the upper channel line http://www.StockSharePublishing.com/ChartL..._1249325621.png Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted August 3, 2009 Report Share Posted August 3, 2009 Not current and the demand to price is surely further out of whack by now. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted August 3, 2009 Report Share Posted August 3, 2009 Descending tops line looks a bit formidable, clear that and gaining the uptrend line over $1000 is the next trick. I can see many areas where a beating back would begin at resistance like today but at least a breaking and checking to $1000 is in order later on towards the end of this month. Link to comment Share on other sites More sharing options...
Gold Majestic Posted August 3, 2009 Report Share Posted August 3, 2009 RECESSION + INFLATION = S T A G F L A T I O N And yet more “RECESSION + INFLATION = S T A G F L A T I O N” as evidenced by the US “Inflation Component” Manufacturing Sector ISM Prices Paid chart (posted below) which just hit 55 from 50. (50 and above indicating inflation. And of course none of the taxes and fees that in some cases have doubled over the past year are accounted for in the hedonically adjusted CPI.) This is the second straight month that the ISM Prices Paid has risen since the 8-month drop. And as evidenced by the 12th straight month that the US July ISM remains below 50 indicating that the Manufacturing Sector has remained in contraction for one year now. However, in sharp contrast to USA’s year-long ISM in contraction, China’s PMI has continued advancing for the 5th straight month to 53.3 indicating its continued economic expansion. Yet more ongoing confirmation (as I’ve been posting since the bottom) of my conclusions during the market mayhem last Fall concerning China’s economy and its impact on commodities, gold, etc. Turns out this “Dummy” had it right, while the resident Contrary Indicator gripped with fear and ignorance, wrong. This same “Dummy” in the Spring of 2008 posted at this site that commodities would make a cyclical peak in the first week of July. And then correctly posted in Nov/Dec of the imminent bottom. Who would’ve thunk it? Any wonder the “Over Valued” US Peso has continued its melt down despite the occasional invisible hand that “manages” it? As I’ve continued over the years to chime in with a few others, to the extent the US Dollar is debased, predictably, hard assets will continue to rise in price. As explained earlier, once the dollar had resumed its downtrend, all assets (including stocks) could continue to rise, but the “Inflation/Debasement” beneficiaries (especially Gold/Gold Stocks) would outperform (as they have done since I posted a series of “HUI:SPX” charts last Dec/Jan?). Some deflation! Even sugar “deflated” its way up to a new 25-year high. Commodities hit peak for 2009 "Commodities prices hit their highest level for the year on Monday, with European’s oil benchmark Brent trading above $73.50 a barrel, buoyed by positive economic data and a sharp weakening of the US dollar. Other raw materials that hit a 2009 peak included heating oil, copper, aluminium, zinc, lead, nickel, rice, sugar, rubber and iron ore." http://www.ft.com/cms/s/cc8dba54-801d-11de....asp%3FID%3D483 The following charts reflect that the fundamentals were correctly interpreted last Fall as posted. Link to comment Share on other sites More sharing options...
Gold Majestic Posted August 3, 2009 Report Share Posted August 3, 2009 As I’ve continued to say, so much for Bernanke’s touted “Exit Strategy” from the Fed’s “Helicopter Drop” US Peso printing business. At least if you believe St. Louis Fed’s James Bullard: “If you permanently double the money supply, you will eventually double the price level. So it might take some time, but the money supply would go up—stay up at this higher level—and the price level would follow behind.” And speaking of the the money supply: The New York Fed’s William Dudley predicts the new asset purchase programs mean that the Fed's balance sheet will likely grow to $2.5 trillion, 'somewhat above the peak reached last December.' Macroeconomic News Monday, 3rd August 2009 US FED: FRB NY's Dudley Dismisses Inflation Fears … “But Dudley nonetheless said the pace of recovery will be slow, in part because real income is expected to fall as factors such as lower gas prices and reduced withholding taxes disappear, but also because of the effect of the housing collapse on consumer spending and ongoing strains in the financial markets that will constrain credit availability. 'If the recovery does, in fact, turn out to be lackluster, the unemployment rate is likely to remain elevated and capacity utilization rates unusually low for some time to come,' he said. 'This suggests that inflation will be quiescent. For all these reasons, concern about 'when' the Fed will exit from its current accommodative monetary policy is, in my view, very premature.'” http://www.lse.co.uk/MacroEconomicNews.asp...inflation_fears Anyone (read the market consensus ignoramuses) who still thinks the FED will shrink its balance sheet taking back the money created out of thin air used to bandage the enormous “capital black-hole” in the banking system, deserves to get it wrong precisely at the opportunities presented at the bottoms and tops of the various markets affected. Link to comment Share on other sites More sharing options...
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