WELCOME TO THE NEW GOLDTENT TA PARADISE

A PLACE FOR DISILLUSIONED GOLDBUGS TO DISCUSS THIER FAVORITE MARKETS
AND ACCESS SOME OF THE FINEST UNBIASED PRECIOUS METALS TECHNICAL ANALYSIS…SO
“WE WONT GET FOOLED AGAIN”…NO HYPE…JUST THE FACTS MAM
CLICK 1 2 OR 3 TIMES ON ANY CHART TO ENLARGE
CLICK ON COMMENTS TAB TO READ OR POST A COMMENT ON ANY POST
STAY TUNED : MORE TO COME INCLUDING ONE CLICK ACCESS TO THE BEST PM TA ANALYSTS
INCLUDING : NORCINI , ARMSTRONG , ROY BYRNE , THOMPSON ,RAMBUS , SAVILLE ,BEVAN , SAVAGE AND MORE
AS WELL AS SOME EXCELLENT RESIDENTS : EAGLESEAGLE, NORTH, WASHER, GRIN, AND THE INIMICABLE PLUNGER
….SCROLL DOWN TO SEE THE LATEST TA AND COMMENTARY……….VOTE AT THE SIDEBAR POLL…….

NOW PLAYING :….. MATRIX ..(A RETIRED PROFESSIONAL CURRENCY TRADER) …HERE TO SHARE SOME EXPERIENCE
REGARDING THE CURRENCIES AND PRECIOUS METALS…UNTIL SEPTEMBER 10 ONLY

Weekend homework………..lol

Does anyone know of any stock, index, anything traded that’s had BIG swings in momentum?….No 3X ETF’s or 2X….anything with big moves, not one off moves but big waves since the start of 2014.

Who cares what it is, lets make some money trading momentum….any ideas?

CHEER$!

matrix: thanks for all your contributions here, learning a lot from your posts

gdxj new fork.. dont know why i didnt see it earlier… let me know what you think

GDX:GLD

posted this before the breakdown, now the backtest is complete fwiw. kind of explains the relative strength today?

sc

JNUG….Rambus buying in

This is my JNUG daily chart….Rambus is THE most aggressive trader I’ve ever seen…Good Luck buddie!

http://tinyurl.com/q9g8dld

4 Horsemen JNUG

http://tinyurl.com/npdctme

shortstack, excellent question

Worth posting the reply…

Question:wonder if you have any idea what MA means by shift of capital flows and US share market is not lined up with this wave of the ecm?

Marty highlighted the coming US equity July high then either an Aug low (which both took place) or another low in Sept with a possible cycle inversion creating a Dec low which would put off the Oct 2015 parabolic top in US equities out to 2017

With that post Marty made he mentions, in my not so humble opinion, what ALL the goldbuggers have been missing since the Gold/US$ trade has NOT been THE trade effecting golds trends.

2000-2008 was ALL about US$ devaluation as everything from gold to corn to raw rice to oil moved much higher as the US$ index gave up 50 big figures!!

Gold is a currency, it is being traded off the action of $YEN, $XSF and $XEU…not manipulated but traded as a currency, period!
*************************************************************************
Marty: http://armstrongeconomics.com/2014/08/28/cycle-inversion-staging-ground-for-2032/

In a basket of currencies the 1982 low in gold was the major one. The change in the currencies and the birth of the G5 in 1985 helped to compel gold into its final low for 1999. It was not an intentional manipulation for gold, it was a vain attempt to reduce the trade deficit. Currency will be critical going forward especially with the birth of electronic currency on the horizon.

We are publishing the gold report by next week. We have included gold in each currency with the reversal and timing arrays. That is in A$, C$, Euro, Swiss, Yen. and yes, Chinese Yuan. Currency will have a major impact going forward. A real BULL MARKET takes place ONLY when it rises in ALL currencies not just one.
***************************************************************************

There is one very popular EWaver who consistently highlights the US$ vs Gold, I’m not knocking EWavers, what this guy doesn’t realize… his focus is on the wrong currency, I emailed him the chart showing clearly $YENs role since Abenomics and how gold follows….the guy never acknowledge the chart as he sent me information on how to follow his paid work!

Its amazing how SO MANY are following the wrong road map and their ego’s don’t allow them to admit their (continued) mistakes, they just hide behind the MANIPULATION excuse for every wrong turn gold takes…..LOL!!

The post that created shortstacks question:

http://armstrongeconomics.com/2014/08/27/phase-transition-cycle-inversion/

gdx 60m

The more I look at it the more this looks like a backtest of the bear flag breakdown, somewhat of a reising wedge to the test. Try as I might I just cant get bullish with that daily gap far below.

gdx

$XEU charts, what “could” unfold

Previous drops down to the 1.27 level

http://tinyurl.com/nvaelep

Monthly, indicators turning Bearish?

http://tinyurl.com/pg3l5lf

The King of currency scum GS has lowered

its EURO$ targets, Big time!

Ties in with Armstrong’s call……1.29 in 3 months….1.25 in 6 months and year out target 1.20….again Not Gold Bullish

http://www.zerohedge.com/news/2014-08-29/goldman-slashes-eurusd-forecast-120

$Swiss….for 2014 has as well been a decent indicator

for Golds trend…..L@@King from the currency side I would be more bullish if $XSF and $XJY were suggesting a bullish trend for gold…so far its a weak argument.
$Swiss

http://tinyurl.com/n3ggmqw

4 Horsemen indicators

Lots of the pm’s sector charts are showing the 2 tweaked indicators turning north (bullish) and the nose of the traditional set indicators sniffing the northern winds…we maybe setting up for another long side trade next week with our fav plays…follow thru is very important.

Good luck to those in early using their own approach

Cheer$!

gdxj speculative fork.. really dont have clue if this one is working or not.. approaching 25 percent line.. looking to see if there is reaction off that line

gdx short term fork update… nice bounce off the 25 percent line this morning

Norcini’s latest…US$ action

Dan is spot on!

http://www.traderdannorcini.blogspot.ca/2014/08/foreign-custodial-holdings-of-us.html

GDX REMAINS A TORMENT…

GDX 60

GAP 1/2 FILLED…AND REACHING A STRONG RESISTANCE LINE.

GDX 15

I KNOW FGC, NOT ANOTHER DIVERGENCE…AND THE INDICATORS ARE SIGNALING SELL. REMEMBER THIS IS A 15 MIN CHART–MORE FALSE SIGNALS.

Night-Cap….todays action

$GOLD…two inside horses turning north

http://tinyurl.com/npjv4nd

$SILVER…two inside turning bullish….Closed out my short silver position today

http://tinyurl.com/lbtcu6t

$YEN…still turning north off key level…follow thru?

http://tinyurl.com/oap7x62

$USD…about to take a breather

http://tinyurl.com/nmaabs2

Goldcorp…signs of life

http://tinyurl.com/n7w9y6s

GDX…the channel trade continues

http://tinyurl.com/k7f5j53

GDXJ…tweaked indicators turning north

http://tinyurl.com/mnp6ywt

GLD…turning as well

http://tinyurl.com/qho5ovb

SLV…turning

http://tinyurl.com/omj2e4l

$HUI…channel trade continues

http://tinyurl.com/kx9yau4

These charts should stay updated so I have no need now to continue showing the action as it unfolds

Will be selling long positions in HQU and HSU Fri, holding NO positions over the long weekend and I imagine with BOJ, BOE and ECB meetings all on 4th next week the first week back from summer will certainly add some clarity to our Weekly charts by next Fri close.

Mr Market, give us some bloody MOMENTUM to trade!!!

Goldtent TA Paradise

Has become a very good board in a very short time

Thanks to all who are visiting here and participating

and to all who are just reading and learning here .

Our only raison d’etre is to bring together the best PM TA folks

on the planet .

Tell your TA friends they have a couple of weeks to

check in and learn from a seasoned pro who has come

to share his wealth of knowledge with this community .

Thanks Matrix .

PeppermintPatty

Just comment (anything) to my post so that I can email you

Cheer$!

Morgan Stanley’s Currency Targets, just released

Q3/2014……….Q4/2014………Q1/2015……….Q2/2015
1.33……………..1.31…………1.27………….1.24….EUR/USD

102………………..105…………..108…………..113….USD/JPY

1.16/86.20……..1.18/84.74……1.19/84.03…….120/83.33…USD/CAD

http://www.efxnews.com/story/25850/major-currencies-forecasts-morgan-stanley

Overall its obvious they see a strong US$….127 is a key Euro$ level…as is the 84.74 $CAD level

Their Q4 $YEN target of 108 / 92.50 area is a Very key level on my Weekly $Yen chart below….

NONE of the above targets ARE GOLD POSITIVE!…I’m not suggesting Gold is going to tank, but lets not rule out a new Chop trading level instead of $1400-$1200…either side of $1000

Again Targets are just that targets, lets focus on the trend indicators the charts produce for direction.

Weekly $YEN

http://tinyurl.com/p6y9aad

Japan’s data is out

If it weren’t for the BOJ meeting next week (on the 4th) I think there would be more reaction to the news, the Spot Monkey currency boyz will be sitting on their hands waiting to see what the pension funds and big corporates do…they too will be waiting for the BOJ

Japan is just plain….how you say in Japanese, Screwed!! between a rock and a fortune cookie

DEflation and INflation at play = Stagflation

http://www.zerohedge.com/news/2014-08-28/abegeddon-household-spending-re-collapses-japanese-unemployment-jumps-9-month-high

Apparently these are the charts Big banks watch

regarding Gold. I got an email from a buddie suggesting I get myself well long everything pm’s has to offer, lol…based on KWNuts (as a joke)

David P from Europe don’t you know, suggests Gold is a Coiled Spring looking to take out $2000 within 3 months IF history repeats, doesn’t history have to happen the first time in order to repeat???

So in 2011 gold climbed from $1300 to $1900 in 7 1/2 months, we now are to be amazed as gold climbs even higher in 1/2 the time.

Where do they find these legends in their own minds!!

I’d have to be on crack to make this call…maybe David P is related to Po Bologna

Anyone tell me other than the arrow drawn on the chart where a $2000 target comes into play?

http://tinyurl.com/kfvzzme

I have an observation

notice I didn’t say opinion, lol

Doc Copper was kicked in the bag today, ouch! I’m going to disagree with my friend Dan Norcini regarding Doc Coppers value.

Copper use to be a great indication of global inflation, making its highs as silver did in 2011 but recently we have the $GNX, $CCI, $CRB and $WTIC all falling hard of a June 23 high while Doc Copper does his own thing.

I think the BOChina is protecting the line @ $3.00 …..there are a lot of Big players and companies that have leveraged loans held against Copper…and a lot of those loans are held within the shadow banking system in China…Only the Shadow knows….that’s my Paranoia Will Destroy yah call of the day

http://tinyurl.com/oyh7rcz

But What about Bob ?

bob

POSSIBLE ENTRY FOR DGAZ IN AM…

UGAZ 60

Spx fork

spx

ps note the change made at the lower window $usb:$indu

Re gold 5min

What makes ta so much harder than 10yrs ago? A breakout was a breakout a breakdown was a breakdown. Now breakouts get sold and breakdowns get bought it seems.
(trade the trader https://www.youtube.com/watch?v=GNEF1Iszy6c)
That ascending triangle broke out got sold and breakdown is underway.

grin, I posted this under your post Gold 5m

buy it didn’t show up in the comment section?

grin, have a look at these two charts, you tell me what currency gives us the best clarity regarding Golds action as a currency.

$YEN…Weekly chart…L@@K at how the 99 and 95 zone clearly shows the Channel trading Gold has been stuck between…wake me up with a Hammer when $YEN “closes” outside that channel

http://tinyurl.com/mhcurm8

$USD…same timeframe…clarity, where?….forget using the US$ as a guide for gold that was a perfect currency trade from 2002 to 2008..notice the out of sinc Gold pricing highlighted with ??????

http://tinyurl.com/mlwknnt

Japan has data to come this eve

L@@King at the $YEN chart, data that’s out of whack could start a trend, remember ALL government data is 100% BS so BS if piled high enough can often get the job done that the BOJ hopes for…..

http://tinyurl.com/oap7x62

23:30
JPY Jobless Rate (JUL)
High
3.7% Forecast 3.7% Last

23:30
JPY National Consumer Price Index (YoY) (JUL)
High
3.4% Forecast 3.6% Last

Gold 5m

cant help but think the ukraine news is all of the reason/bad one for golds rally overnight, as the momentum fades the patterns seem to appear.? but then there is the usd rally that is getting overbought and so who knows if this is the real deal..

Noname

GDX Gap fill

Its rare not to get either a full gap fill or a 1/2 tag…GDX’s most recent gap had a 1/2 tag in todays action (so far)….the last 10 weeks NO gap was not filled…Only the gap that created the channel trade of the last 10 weeks has not been tagged….yet?

http://tinyurl.com/k7f5j53