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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
MARTIN ARMSTRON QUOTE “Its clear there is whole industry out there, which has stolen $billions from poor folks who believed the inflation hedge lie.”
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….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

Goldtent is now viewable from your mobile devices (Thanks Audept)

From Bank of Tokyo Mitsubishi this eve

http://www.efxnews.com/story/25909/eur-jpy-where-here-outlooks-forecasts-btmu

Q3/2014 105/95.23

Q4/2014 107/93.45

Q1/2015 108/92.59

Q2/2015 110/90.90

ALL very possible with this unfolding in the background:

http://www.cnbc.com/id/101915671

I couldn’t make this stuff up if I was on acid!

Japan is imploding from its currency devaluation , terrible economic data or daily radioactive waste dumping from Fukushima…

This tops it all…..

http://www.zerohedge.com/news/2014-09-02/one-thing-bank-japan-apparently-cant-print-more

Odd how we never hear the cries of Manipulation

from the Oil sector….big down day in oil as the US$ pops.

So we wake up Wed and Gold’s $5000…how many around the world are effected?

We wake up and Oil is $200…everyone is effected….yet Oil isn’t manipulated…Gold is…..calling all Tin-Foil Hats

$WTIC

http://tinyurl.com/m6h38pp

this is a fork ive been following for sometime.. i think its still valid despite the breif break out

usd:jpy

long term chart at dt resistence fwiw

Noname

cdnx .. hmm.. big red candle today.. note in previous times that gdx and gdxj had down day in last couple weeks.. cdnx did not put in a red candle

https://stockcharts.com/h-sc/ui?s=$CDNX&p=D&yr=0&mn=9&dy=0&id=p52126571987

 

i hope above link works.. still getting use to stock charts.com

short term indicators have turned, longer term indicators are starting to term… biggest thing is what i said above… this is first big red candle in a while…. still need to see what the yen does… also lot of news coming out this week… but need to follow the indicators..

DGAZ

Raising Stop-Loss to 3.85 – I don’t Think/Want the gap to fill but I will let it with my stop-loss at +.09 above entry price – really expect $4.00 or better to hold hear – the real “trick” will be to sell ‘at the top rail’ – I will sell 1/2 near there and raise the stop on the other1/2 and see if a pattern develops for continuation – don’t know yet!

 

http://stockcharts.com/h-sc/ui?s=DGAZ&p=60&yr=0&mn=5&dy=5&id=p19566265977&a=329252385

Phase III looming?

Recall in my previous Phase III writings, I mentioned Phase III is characterized by spiky short squeezes and not bear market rallies (BMR’s). As this market grinds along it seems to me that if we do not get a continuation of the uptrend here we are set up for this. Note that this current uptrend since late May has certainly lacked the juice of all the BMRs of this bear market. Even when compared with the weakest BMR #3 of Dec-Mar 2014. Maybe this is the PM sector finally running out of gas. Psychologically speaking I think the PM faithful is now positioned to “give it up” if we get a violation of the lows of last december. That’s still a long way down there, but I think it is possible to visualize this happening. So maybe what we have here is a truncated attempt at another BMR. The last BMR before the phase III. Note the following thoughtful interview. As a minimum listen to the last segment starting at minute 26:00. This is a very bearish outlook from an objective analyst. This could be the backdrop of the fall.

sc-657

 

To me it is clear there is more widespread market manipulation than ever.

http://www.zerohedge.com/news/2014-05-29/someone-decided-buy-1-billion-eminis-1-second-all-time-high

UGAZ / Fully / Eagle

Nice call you guys!

I’m just staying pretty flat for now, see how the PM and some of the SM flyers do……

When will the Bull return to Gold?

When the average citizen of the world wakes up and realizes whats really going on, instead of watching reality TV.

Loss of faith in government will be the driving force behind Gold making new record highs….when is that?… who the F knows, lets just stay on the correct side of the trend during the journey

http://www.zerohedge.com/news/2014-09-02/morning-after-what-happens-when-government-destroys-its-currency

Danny boy……..always worth the read

http://www.traderdannorcini.blogspot.ca/2014/09/strong-dollar-finally-catches-up-to-gold.html#comment-form

gdxj

this is the gdxj chart posted a week or so ago – same down sloping resistance line that was hit on Friday and now has turned lower into the 38 fib area of support

gdxj

aurum

 

 

Marty today….$5000 Gold

Gotta love it as the title suggest $5000 is still possible but the article schools the fools on why and how it will get there….

* hmm gold is not money, well there has been times when cigarettes have been money, exchange for goods, or a can of beans

http://armstrongeconomics.com/2014/09/02/will-gold-still-go-to-5000/

Scotland Independance vote….currency

This is an excellent article of how currency effects the global economies.

Years ago when Quebec was voting on separation I was at a dinner reunion of friends my wife and I have had for 20+ years….Quebec came up as it was the topic at the time, let them go!…the hell with them!

From a currency standpoint Quebec separation would have devastated ALL Canadians, the World would have viewed Canada as breaking up, we need buyers of global debt to fund Canada’s markets, they would have turned their backs on Canada as the CDN$ would have tanked….the BOC would have raised interest rates big time to prevent a major CDN$ devaluation trying to bring back global investors….heck I’m sure the US would have marched into Alberta and claimed it to be the 51st state, lol

Scotland….watch what you wish (vote) for….don’t forget its all about currencies

http://www.marketoracle.co.uk/Article47155.html

These guys do a great job relating to currencies

Just Simple analysts….$YEN support in play @ 105/95.23 if that falls next level is @ 110/90.90 with major support @ 124/80.64

Obviously Gold would be trading much lower if $YEN continues to these key levels.

Remember BOJapan is this Thurs 4th

http://static.safehaven.com/pdfs/swissquote_2014_09_02.pdf

grin, JDUST

The chart shows taking a long position July 14th…but since then the tweaked indicators have been highlighting the Chop in play.

I would not add to your position until ALL indicators suggest so…FWIW its how I’d trade JDUST

http://tinyurl.com/mbf3zkh

Key an eye on $Yen

Good Luck!

Beep, Beep….$Yen driving the Gold bus

IF gold was down $20 overnight and the currencies were flat then a footstep is in the market that doesn’t belong….for what ever reason.

Last nights action should put to rest ALL those that pull out the Manipulation card every time gold falls hard…..if it doesn’t these guys are dangerous to your portfolio because they are clueless!!

When you L@@K across the top of the resistance zone for both $YEN and Gold on the chart below you’ll notice 99/101 is the area for $YEN….its where gold gets turned back but from different levels, 99 $YEN is not always $1392 Gold as its been a range from $1279…$1392….$1331….$1304….$1346

The bottom zone of 95/105.26 $YEN is the same its a support zone for Yen and where Gold in 2014 has been making bottoms….$1181…$1277….today?

The Gap on the chart is INCORRECT as the live feed shows not gaps in $YEN trading

SO last eve proves, manipulation is 100% BullShit Gold is being traded off $YEN and $Yen is driving the bus as 95 is in play once again yet gold has only tagged $1264 (so far) not sub $1200

http://tinyurl.com/oap7x62

well today that should fill some gaps

Yen hit 105…Gold Tanking

yen1

Mayday Mayday Mayday…The Dollar : Yen is really taking off tonite

Matrix..whats the Magic Number ?

105 / 95 ?

dollaryen

DGAZ it is…look at the futures…

Sunset tonight

DSC00084

Rambus Weekend Report ….Precious Metals Complex : Contradiction and Potential

http://rambus1.com/?p=26644

No Bs, just observations

the guy never predicts just observes as far as I have seen? Price after all is the ultimate adjudicate r:
who knows? if he says he does you should ask some damn hard questions.

http://biiwii.com/wordpress/

How many hours of audio has the average

GoldBugger wasted by following soooo many who have been dead wrong for years!!

Marty did an audio late last week, if your interested in hearing someone who has been correct these past few years, here is the link, enjoy!

War is removing the “short” Gold trade

Just when we thought trading a bearish trend in gold couldn’t become anymore complicated, well it has.

NATO will be the go to news wire from the west for Traders and when they pound the War Drums louder Gold reacts with $20 pops….Bob Silver hides his reaction behind the industrial side of silver.

I hope its not the case as everyone here has the ability to trade a trend up or down making nice % gains. The Chop,Pop,Flop trade with the precious metals could become a real Whipping party…both Bulls and Bears getting beat up!

Yes this is my Opinion, NO 3X positions should be held as No trend line, No indicator will keep you on the correct side of the trend with news feeds based on War Drums….Good Luck!

L@@King at the $YEN action since last eve Yen has traded below the April low and Aug low which had Gold @ $1277 and $1273…Gold is holding firm with the weekends War Drums….news feed.

Armstrong today: WAR

http://armstrongeconomics.com/2014/09/01/war-starting-now/

For the PichForkers…Weekly update

Includes, NYSE, Nasdaq, Dow, S&P, Facebook, Wal-Mart

http://www.pitchforkplayground.com/newsletter-blog/2014/9/1/pitchfork-playground-newsletter-31-august-2014

Since we are talking about NG…UGAZ ( A closeup perspective)…

Bought into DGAZ Friday BEFORE the negative divergence was wiped out…Tomorrow will be the key whether I hold or not…

UGAZ 60

UNG (for Steins1)

UNG

A little Chartology Debate on the Nat Gas Chart

I am in DGAZ for the following reasons

1…50dma

2…Possible H and S Top

3….Possible halfway pattern (expanding 4 point rectangle )…Rambus has shown that a high % of these patterns are continuation vs reversal patterns

ie…the trend is down

4….Horizontal Resistance zone (perhaps a gap fill a little higher (22.50)

and most of all

5… Reverse Symmetry

I see Your reasoning to be bullish is based on all the indicators which are pointing up

anything else ?

Fully