Dharmaeye Posted October 13, 2012 Report Posted October 13, 2012 http://www.businessi...flation-2012-10 If Romney win then say good riddance to Stocks,Bond and Gold http://www.neowave.c...ew-20120921.asp http://www.neowave.c...0921/MCGold.pdf By year end I will dump everything and see how it plays out Suspect do it sooner than later. Tax selling may be major as tax in 2013 looks taxigedon.
jp6 Posted October 13, 2012 Report Posted October 13, 2012 Suspect do it sooner than later. Tax selling may be major as tax in 2013 looks taxigedon. looking at the Dollar charts, there is still one more leg up in Gold Without QE Gold, stocks and bond should tank, Dollar should go up Tax Year end is in April here,
Whadda I Do Whadda I Do Posted October 15, 2012 Report Posted October 15, 2012 I agree with Dharmaeye on selling early when it comes to miners. I already sold everything that I could take profits on which wasn't a lot but I have cash. Regular markets will sell but reposition in say, the Starbucks and Walmarts and Manufacturers of the world that pay dividends. Because once traders have cash and see the dollar crashing, back in they go to the stockmarker, higher taxes or not. It is still like stagflation where anything you don't need is still cheap and stuff you need is rising in price. If there is going to be another try at going above spot gold $1800 this year, it will be after the elections. And that is if you are lucky because sideways can be part of this protracted correction. Oil, PM, Iran, Euroland, US$ all being kept in check so far.
Whadda I Do Whadda I Do Posted October 17, 2012 Report Posted October 17, 2012 I post these Mark Hanson links, not so much for the real estate conditions although they are a good barometer of the economy but because he dissects the reasons for the numbers which usually exposes government intervention in a myraid of failed enticements. It justs goes from bad to worse with Congress ignoring and adding to the problems. 10-16 Sacramento Sept House Pendings / Sales Volume Collapse…Say What?!?
No Einstein Posted October 17, 2012 Report Posted October 17, 2012 i find it odd yet i am pleased that there is no cheer-leading here. or with the talking heads. golden crosses everywhere.. which I am well aware means nothing alone, but you cannot have a bull without it. bouncing before the 50 day can be tested the last swing move for GDX , from low 31.54 to high 47.42 is exactly a 50% move off the bottom. I am 1/2 long and will probably go long the other half via NUGT on a test of the 50 day. GDX 200 day has turned up, ever so slightly..but it will begin to accelerate the election and associated news noise may influence short term moves.. some could be violent... but the bottom line .....Ben Bernanke's term as Chairman ends January 31, 2014. - He is going "All In" with his/Obama's plan... R-MONEY cannot stop him for at least a year ( even if he wanted to) so untill proven otherwise I believe " the Bull is back" JMVHO
Carnac Posted October 17, 2012 Report Posted October 17, 2012 Thanks for your post No Einstein. If I am not mistaken the $31.54 low to $47.42 swing high is for GG.
No Einstein Posted October 18, 2012 Report Posted October 18, 2012 Thanks for your post No Einstein. If I am not mistaken the $31.54 low to $47.42 swing high is for GG. ooops... thank you for that correction
Whadda I Do Whadda I Do Posted October 22, 2012 Report Posted October 22, 2012 10-21 Sept Existing House Sales…beneath the headlines Off topic I know but might give you something to do during this latest gold and silver beat down.
Whadda I Do Whadda I Do Posted October 24, 2012 Report Posted October 24, 2012 The good news is that spot gold could fall to around $700 and still be in a bull market...er...ok...that's not such good news. Okay then, lots of support around $1550. How'bout $1665? Does that make you feel any better?` Anyway, I have been deleting miner stock symbols from my Yahoo watch list as they cease trading due mergers/buyouts. The sector wasn't that large to begin with and if you consider environments non-conducive to operating mines lately i.e. South Africa most of South America and in China where everything is controlled by the government collective, that pretty much leaves Canada and Mexico maybe Aussieland for buying miners. With always the exceptions. This 'unrest' will drive PM prices up as no government can dig dirt cheaper than a gold crazed prospector. The difference mainly being incentive. Still not to late to look for outlying claims near, between or next to already existing working mines esp. in Canada where reporting requirements are not as stringent and explorers can't get listed on the US big boards. Doesn't mean they haven't struck pay dirt just a question of how much, how deep, how rich. Roll the dice. Bought a few HL options in Jan. '14 for cheap while some were in a panic. That was as far out as they went. Tells me all the big action happens after Jan. '14. Of course I am relying on HL to begin producing out of their replacement shaft, this coming January and they are still paying a (pitful) dividend. So, repairs costs didn't hurt that much other than share price which is a good thing for me.
Carnac Posted October 24, 2012 Report Posted October 24, 2012 Yes Whadda I Do $1,665 would make me feel a lot better than $700 if it would stop there. I've provided a chart by Pitrading.com showing the monthly pivot points for GLD because I could not get $ gold to come up so I used GLD plus 3.5082% x 10 to get the pivot points for spot gold. I came up with 3.5082% because gold traded 3.5082% above GLD at the 2011 $1,923.70 cycle swing high. GLD traded at $185.85. GLD S1 165.98 plus 3.5082% = 171.80291 x 10= $1,718.0291 S2 160.06 plus 3.5082% = 165.67522 x 10= $ 1,656.7522 S3 156.46 plus 3.5082% = 161.94892 x 10= $1,619.4892 The average of the three monthly spot gold support pivot points come out to be $1,664.76
No Einstein Posted October 24, 2012 Report Posted October 24, 2012 i find it odd yet i am pleased that there is no cheer-leading here. or with the talking heads. golden crosses everywhere.. which I am well aware means nothing alone, but you cannot have a bull without it. bouncing before the 50 day can be tested the last swing move for GDX , from low 31.54 to high 47.42 is exactly a 50% move off the bottom. I am 1/2 long and will probably go long the other half via NUGT on a test of the 50 day. GDX 200 day has turned up, ever so slightly..but it will begin to accelerate the election and associated news noise may influence short term moves.. some could be violent... but the bottom line .....Ben Bernanke's term as Chairman ends January 31, 2014. - He is going "All In" with his/Obama's plan... R-MONEY cannot stop him for at least a year ( even if he wanted to) so untill proven otherwise I believe " the Bull is back" JMVHO FAIL!!!! remind me to do the opposite of what I post.!!! in fact remind me never to post if I ever do it again!!!
jp6 Posted October 24, 2012 Report Posted October 24, 2012 FAIL!!!! remind me to do the opposite of what I post.!!! in fact remind me never to post if I ever do it again!!! I have learned not to go against Glen Neely http://www.neowave.com/company-interview-20120921.asp Little has happened in Gold the last 3 months. Based on the NEoWave concept of “touch points,” this pattern has 5 (3 on top, 2 on bottom, the max should be 4). To “fix” this problem, wave-x5 must exceed the top channel or end comfortably below it. Based on the discussion in the Logic section at left, a new high is improbable; so, wave-x5 is expected to end this year below 2011’s high.
Whadda I Do Whadda I Do Posted October 24, 2012 Report Posted October 24, 2012 The more astute were looking for a possible cup and handle, with the handle now beginning to form. I say it would take at least a couple of months to form that handle. In the meantime, the sideways range since the $1900 top and say $1540 yearly bottom is so large that any targets within the range are pretty much meaningless for longer trending. So far you can only play short term swings during the ups and downs. Gotta break $1900 or say $1540 to mean anything. Cash is a position. As long as the US$ holds above .77, I think you will be okay while waiting for miners to launch. Below .77, beware then back to miners. This range bound could go on for months more. If the cup'n handle plays out, buying starts around the bottom of the handle, leading to a substained launch. Whether it clears $1900, is wait and see. Have fun.
Carnac Posted October 25, 2012 Report Posted October 25, 2012 FAIL!!!! remind me to do the opposite of what I post.!!! in fact remind me never to post if I ever do it again!!! "I have not failed, I've just found 10,000 ways that won't work." Thomas Edison We are all in this together trying to figure this stuff out. Keep posting.
jp6 Posted October 26, 2012 Report Posted October 26, 2012 Without Ben helicopter drop, US dollar may not go down Watch dollar and see the gold reaction also look if there is uptick in bond yeild Ben Bernanke will probably 'not stand for re-election' http://www.telegraph...e-election.html
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