Discussion in 'PM Trading/Stocks/Technical Analysis' started by Zed, Oct 21, 2014.
I'm guessing this has got more downside for the metals. Seems whenever there is just a short downturn, The big sellers on Ebay (Apmex, JM, etc.) will end their weekly specials prices, waiting for higher prices to sell at. Well, they haven't done that yet. JM still has silver on the bay for around 60 cents over spot. Just an observation.
A little relief soon?
Wish they would have the 60 over and the ebucks at 8% that would be nice.
Weekly chart looks more over done, nearest chance of support is 1100 with a back of the trend line test. We broke this trend upward in Feb, often you see them revisited as support in short term patterns, it's called a kiss and go. Beyond that the monthly still looks chronic, I can see the 1100 support on it and beyond that we have 1061 (expect 105x intra-month) then the 97x area!!!! 97x fits with a ~May low... that is on the cards if we don't see a decent New Year rally. For now I expect more of the same with Christmas & year end bonuses in play. What ever is in profit will be pushed to paint the best number for the year, even if there is no conviction these trades will not be reversed until 1/1/2017... that is the incentive on a personal level for these traders. It will take, IMO, some shock to switch out these positions now. A test of 1100 on the weekly looks right for year end... then we are totally oversold on the weekly and in need of SOME upside market reaction.
This is going to be trying, that Jan rally has to be strong to forestall May lows IMO. At this rate I'm losing hope that it will even occur... which is a good thing.
PS... May low fits with the USDX chart which looks like it will get to ~109/10 by then. It may pause @ ~106 but it looks strong. Gold needs to turn into this headwind, it is possible but not that probable sans some motivating crisis.
Yup, a few pages back. Need a crisis or Headed to 1098-1089-1080, that's the next box
Of course that's the, "i'm scared, curled up in a ball, sucking my thumb" view. Like a gun's being held to your head as they press the potential bottom and you crack.
What did we hit, 23?
If it plays out this way, we rally soon, then retest this area again in late January or first week of feb before starting the ascent back to 1400 test
On support next week?
Ted Butler in form for the end of the year. I have to say that I still have that nagging sense that we are about to see a reversal in fortune. US debt is selling hard, no wonder really... given the president elects attitude and track record on debt. The perceived safe haven of US debt, it would seem, is no longer. Where is the money going to go? Blue chips? Tangibles? Precious metals and things associated? Place your bets... Butler is correct in noting the significant shift in the commercial stance in the market. Are we really, finally, looking at the winner takes all move? Call me sceptical, cynical etc but yet I have this nagging sense of a shift in the weather.
From the looney fringe.
The Royal Flush
The P/E ratios on some of these stocks are totally ridiculous. You'd think some more money would move back into gold, I guess it doesn't see the need to hurry.
i wouldn't sell
my silver for 100 dollars an ounce even today! or tomorrow!
Just got a notice that Goldman have taken a substantial holding (+5% qualifies) in one of my miners.... hmmmmmm, don't often see Goldman in the list.
Miners are about to rip 15-20%, take a breather until first of feb, then resume through spring. Looking for gdx 30+ before summer crash
I would, then rebuy it for 18
Why would you? Worth 10K if it's worth a damn dime!
I'm sure Goldman and Co. understand what will happen to the miners once silver cuts loose. Perhaps they know something we don't. If you want to find the money, go to the bank(ers).
Note the divergent indicators. We have been stretching this since 1220.
You talking RSI vs stoch and ROC? I see it and it feels overstretched for sure, but what does that specifically say to you?
It normally indicates that a turn is due and that it will be stronger. There appears to be some smart buying shown in the indicators that is yet to be reflected in price. Commercials are getting longer by the day.... nuff said.
Red Flags Waving
It's a process. Yen has been devalued to bottom, imo
Tomorrow last day for Canadian tax loss selling, dec 27th for usa
Ritterbusch Warns OPEC Agreement May "Collapse Within Months"
Platinum should scream soon. Played exactly how expected.
And what does chart look like 6 months later? Sorry, on my phone:
Might be done, but could still make a lower low (as i originally expected) after this headfake i believe we are about to see in metals
Think silver and gold have bottomed
Got my 15%, not holding out for 20. Pull back I think
Gold – Ready to Spring Another Surprise
As soon as it started approaching 20%, 2 million share dump at $22. So predictable
The Reason the Fed is Raising Rates, and Why It Won’t Work
OK... increased borrowing used to increase stockholder payouts, dividends etc. Increased borrowing used to fund stock buy backs, driving stock prices higher.
ADD THAT TO --->
Increased insider selling.
LEADS TO --->
Are the 'captians of industry' looting the joint before it all goes up in a financial 'Jewish stocktake'?
Smells like it to me.
Its a perfectly legal way to enhance and extract personal wealth from a public company, or rape the bond holders... and the remaining stock holders, of course you, Mr CEO, only have a token holding by that stage.
What am I missing? This is getting smellier???? No?
Corporate insider selling surges as market hits record
Lookie at this bubble...
... not to mention the 'buy back bump' that Trumps 'profit repatriation tax break/holiday' will bring. DOW 20K plus... hell yeah, might be the last gasp but it could be an obscene rush to complete the looting prior to that.
For the year, gold is up $90 and silver up $2. Not too shabby.
Well OK... I guess... Which way to "da moon" ?
50K gold and 10K silver or BUST!!!!!
Ok, ok, rupiah.
I'm ok with 5K gold and 100 silver, by summer, please.
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