S&P

SPX

Why is Gold Mining Such a Crappy Business ?

http://www.kitco.com/ind/Saville/2014-10-20-Why-Is-Gold-Mining-Such-A-Crappy-Business.html

FGC I’ll See your GDX 60 and Raise You a Daily…

GDX DAILY 3 MOS

Nugt above $22 Dust below $20…I wait for direction…Consolidation phases are a beast…

SOMETIMES ITS RIGHT UNDER YOUR NOSE

THE BUCK STOPS HERE ?

BUCK

Nah !

but maybe just a little ping pong between the lines for a while

I’ll see your GDX 15 and Raise you a GDX 60….. Eagle

gdx

GDX 15

GDX 15

GDX Update…

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=1313997%2c1&cmd=show%5bs365339092%5d%2ciday%5bfalse%5d&disp=G

IBM

ibm

HUI

hui diamond

Chartology Chart of the Week

and a candidate for Chart of the Year

and Chart of the Decade !

NO Freaking way it can go any lower…Right ?

The PO here is uh well er very very low

huigold

GDX

A Double Top in GDX – first noted by Sirs Parabolic Chuck and Rambus at Chartology…

sc

ABX

How often do you see a horizontal line get tested 7 times ?

IF this breaks

LOOK out below IMo..for the Whole PM Complex..not just the Leader

1 HOUR

ABX

DAILY…wow.what a freak show

ABX

Weekly

ABX

HUI

MACD, MACD histogram, etc look very bearish on the daily.

HUI 2 hour

At the moment looks like a breakdown from a bearish flag.

HUI 10:17:14

$HUI Triangle(s) Update

sc (4)sc (5)

Small triangle setting up for “backtest” of larger triangle  here, IMO  Adding some NUGT today for a trade only.

 

Yoohoo! We are getting close to a 13/34 cross on DUST 60 Min…

Trader Dan

This is not your Daddy’s Bond Market

Having been trading the bonds for many years, the recent volatility has really caught my eye. The extent of the price swings in this market has been nothing short of breathtaking.

Whenever you see a market make swings of this magnitude, know that someone is in serious trouble.

Take a look at this short term price chart and imagine the carnage being inflicted on some traders as they swing back and forth from such huge extremes.

Do you see those big volume spikes? Someone got obliterated!

Try to imagine that you are a risk manager for a large banking or mortgage interest and are attempting to institute some sort of hedges! How in the world do you even read a market that is doing this sort of thing? I can tell you that hedgers and speculators both have been run over in this market the last couple of days.

This is what I am referring to when I caution traders out there. These markets can clean you out faster than a package of Ex-Lax if you let down your guard. Either trade smaller or stay on the sidelines but do not try to play the hero right now. It is just too dangerous!

Making predictions, postulating this or prophesying that, in dogmatic terms is very foolish and speaks more to hubris than it does to sound judgment. What I do know is that the entirety of the markets is very unsettled right now with the VIX having rising sharply and with the currency markets having been thrown into turmoil. Until the currency markets calm down, be careful.

By the way, crude oil is managing to hold above $80 for now and the XLE is up today. Maybe crude has gone down enough? I don’t know but am monitoring it very closely.

GDXJ is rolling over…here’s a link to the 60 min chart

Levels of support to take out…Good Luck!

 

http://stockcharts.com/h-sc/ui?s=GDXJ&p=60&yr=0&mn=6&dy=0&id=p30398218903&listNum=1&a=360980876

YEN HITTING RESISTANCE…

YEN DAILY

$HUI

One potential”path”to early November “backtest”:

sc sc (1)

HUi 60minutes

HUI is going up a percent and down a percent in a matter of minutes.

HUI 10:15:14

cycles

My cycle studies which I have posted on this site do not go back that far (so who knows) – we could have a low sooner than I would expect (remote possibility).

If not we have some months or a year or two before the up begins.

As a long term trading strategy which is all  I do now – I am buying on these bigger dips small amounts.

Just my opinion.

aurum

GDXJ

GDXJ

OI OI OIL

oil

Is the J following the Dow of Following Gold ?

May be fixing to turn down again ?

gdxj

devil

LOL ..From Stormpilgrim at the Chartology Forum

Even God lost money in gold

On October 13, 2014

http://www.foxnews.com/world/2014/10/13/canadian-evangelist-loses-millions-followers-money-in-failed-mining-venture/?intcmp=latestnews

If your pastor suggests investing in his mining company, be sure your tires are smoking when you peel out of the church parking lot.

HUI

No significant change in the Oct 11, 11:01 chart with this action today. Upper resistance holding.

Interesting read on etf’s

http://www.etf.com/sections/blog/23502-untangling-the-monster-gold-miner-trade.html?fullart=1&start=3

http://kiddynamitesworld.com/leveraged-etf-trading-flow-case-study-gold-miners-gdx-nugt-dust/

Makes me think the entire sector has been turned into an etf, constantly being ground lower and lower.xau is trading at 300$ gold levels.

From TT

Hmm

 

http://www.traders-talk.com/mb2/index.php?showtopic=156658

HUI Weekly

Pretty Obvious where we are going

hui

Maybe we will have a Black Monday in all SMs and we get this over with already

Gotta be a Bounce at HUI 150 Right ??

Unfortunately this would really screw the Canadians ..as we are closed Monday