DrStool Posted August 17, 2023 Report Share Posted August 17, 2023 Ours is not to reason why. Ours is to follow the charts or die. Gold and Miners Set Up Ugly LEE ADLER 3 - GOLD TRADER AUGUST 17, 2023 A 4-week cycle low is overdue but there’s a projection of xxxx for that time frame and xxxx for the 13-week cycle. A daily close below xxxx would create a big top pattern with a conventional measured move implication of xxxx. The miners look even worse. Non-subscribers click here for access. Subscribers, click here to download the report. Try Lee Adler’s Gold Trader risk free for 90 days! Meanwhile, lots of red on the hourly chart of the ES 24 hour S&P fuguetures. If they don't clear 4420 this morning, there's a good chance that they'll subsequently break 4390. Even if they manage to clear 4420, the 4433-4445 area looms as big resistance. The Calm Before the Storm For moron the markets, see: One Banking Indicator Is Flashing Bright Red for Stocks August 16, 2023 I Liked the Buys Better Than the Sells August 14, 2023 The Calm Before the Storm August 14, 2023 Gold Sets Up August 8, 2023 All We Need is a Few Good Shorts August 7, 2023 Under the Big Top August 7, 2023 More Supply is Just a Lie But Withholding Weakens August 4, 2023 Let the Scary Pictures On Primary Dealer Financing Do the Talking July 31, 2023 Correlations Don’t Matter Until They Do, Like Now July 23, 2023 If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam folder. Link to comment Share on other sites More sharing options...
fxfox Posted August 17, 2023 Report Share Posted August 17, 2023 Link to comment Share on other sites More sharing options...
SiP Posted August 17, 2023 Report Share Posted August 17, 2023 A lot of people call this move just a correction which should stop at jackson hole this moth the latest. Link to comment Share on other sites More sharing options...
SiP Posted August 17, 2023 Report Share Posted August 17, 2023 if i would have a lot of bonds i would just have heart problem. When I look at price of german govies (bunds), or even US govies. Its like last level of support. and how will it break? abyss Link to comment Share on other sites More sharing options...
potatohead Posted August 17, 2023 Report Share Posted August 17, 2023 I question this report. Home prices hit a new-all-time high across the US in June https://unusualwhales.com/news/home-prices-hit-a-new-all-time-high-across-the-us-in-june Link to comment Share on other sites More sharing options...
WTF Posted August 17, 2023 Report Share Posted August 17, 2023 A lot of people thought the RMS Titanic was unsinkable... can now be seen at 12,500 feet below the surface of the Atlantic Ocean. Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 17, 2023 Report Share Posted August 17, 2023 The Gary US Bond update..... A) CD's from banks are shamefully flat and mostly callable b) Govt agencys are all callable (beside some very old ones) c) corps and munis are a some how being bid? d) 2-10 treasuries are a ???? >: all cd's more than 2 years are callable....or yield less than 5% Link to comment Share on other sites More sharing options...
SiP Posted August 17, 2023 Report Share Posted August 17, 2023 51 minutes ago, WTF said: A lot of people thought the RMS Titanic was unsinkable... can now be seen at 12,500 feet below the surface of the Atlantic Ocean. 🤣 Link to comment Share on other sites More sharing options...
SiP Posted August 17, 2023 Report Share Posted August 17, 2023 Dr. Horton. Tango down. Link to comment Share on other sites More sharing options...
SiP Posted August 17, 2023 Report Share Posted August 17, 2023 A monstrous movement is coming on copper Link to comment Share on other sites More sharing options...
SiP Posted August 17, 2023 Report Share Posted August 17, 2023 Interesting juncture on gold, last couple times 200 EMA D saved the gold Link to comment Share on other sites More sharing options...
SiP Posted August 17, 2023 Report Share Posted August 17, 2023 eurusd - nice test coming at 1.0770-1.08 in general that should be perfect place for a stop (jackson hole) (if this is just a correction). Link to comment Share on other sites More sharing options...
DrStool Posted August 17, 2023 Author Report Share Posted August 17, 2023 For clarification, gold doesn't suck. It's chart is sucky at the moment. I just hope that the worst case doesn't play out. I've been out exploring Lille this evening. Magnifque! Bonne nuit de Lille! 1 Link to comment Share on other sites More sharing options...
DrStool Posted August 17, 2023 Author Report Share Posted August 17, 2023 3 hours ago, potatohead said: I question this report. Home prices hit a new-all-time high across the US in June https://unusualwhales.com/news/home-prices-hit-a-new-all-time-high-across-the-us-in-june I think they have a data issue stemming from a POV issue. This chart of average mortgage size originated is through August 11, per MBA data. Comprehensive, marketwide data based mostly on purchase mortgages since no one is doing refi. https://tradingeconomics.com/united-states/average-mortgage-size Link to comment Share on other sites More sharing options...
SiP Posted August 17, 2023 Report Share Posted August 17, 2023 GS on cash Link to comment Share on other sites More sharing options...
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