Trader Dan with Jordan Roy Byrne

http://thedailygold.com/dan-norcini-comments-on-precious-metals-currencies/

Martin Armstrong on Everyday Manipulation vs Systemic Manipulation

http://armstrongeconomics.com/2015/03/05/manipulations-v-systemic-manipulation/

PM Stocks and Indices…Where The Hell are We ?

Just a few observations of the state of the PM stocks. Its been like watching paint dry wondering which way it will eventually break. As you all know I believe we entered phase III last October and we have been in a complext BT since then. I think once this all plays out it will make perfect sense, but the main crux is we are in a super slow motion QE-Keynsian train wreck which is in a slow motion spiral. Remember the word picture I used…it is like whirling around the top of the toilet bowl for a few years. Gravity eventually overcomes the centrifugal force instilled by QE and eventually it falls on its own weight and goes down the bowl.

That’s what we have been doing and we are about half way down the bowl now. The second half by the way gets alot more exciting. The gold stock bull market kicks off once the deflation grips all sectors in the economy. That’s not that far away, maybe in a year or even less.

Post WWII stocks have been in Nirvana when inflation stays between an inflation band of 1-4%. Whenever we transited outside that percentage band stocks did poorly. We are approaching the time where we are going to drop below the 1% band. You will want to be out of stocks at that time and in Govt bonds and eventually gold stocks then.

So once we get phase III behind us it will be all systems go.

sc-517

State of the gold market: Rambus has pointed out that we should be watching the double hump for support. It has been marginally violated now, but not enough to provide downside confirmation. The clues to me are bearish, however not certain. Gold has refused to breakdown below its previous low despite the USD being strong and going to new highs. That’s a bullish statement for gold actually, so we don’t know yet. Over the next few days if we get a stronger USD and a successful test of the lows in gold I will cover my short, but for now I am staying short.

Here are some longer term concept charts that still argue for the bearish case. First the relation between gold and silver. In a bull market silver should outperform gold… simply stated no evidence of it doing it here, or likelihood.

sc-518 sc-519 sc-520

And that concept that everyone is always stating that stocks lead the metal….well this points down

sc-521 sc-522

Now onto some of today’s action. First focus on the interplay between the price and the moving averages (50 & 200 DMA). I think that is today’s market clue. On many of these issues the price action just didn’t even care that the MA was there. It offered no support. That is the market talking to us. First the 4 royalties. These stocks are supposed to take out the operational risk and reflect more the state of the bullion. What are they telling us….again look at the moving averages:

sc-504 sc-505 sc-506 sc-507

Now onto the Majors…..again the moving averages!

sc-508 sc-509 sc-510 sc-511 sc-512 sc-513

And a few silvers. Sil looks ugly and look at CDE. This used to be the whipping boy saddled with the most stupidest management team out there, but everything has now changed. They are the turn around play IMO and their stock has started to reflect this, however look how the 50DMA chewed this up and spit it right out. And Fortuna just gave up its 200 DMA

sc-514 sc-515 sc-516

Plunger

Trader Dan’s World

Goldtent Exclusive

http://traderdan.com/?p=2839

HUI: Gold

Uh Oh

huigold

Gimmee a D

lumber

cad

seems to be the pattern for cad, aud, crb,oil…

ascending triangle on the daily? typically bullish?

http://scharts.co/1FYLhZ9

Time for DGAZ?…

ng

http://stockcharts.com/h-sc/ui?s=DGAZ&p=120&yr=0&mn=3&dy=0&id=p66092662803&listNum=1&a=397094528

NG is a very difficult trade. Think DUST/NUGT are difficult? NG has a mind of it’s own. However, if a trader gets on the right side of the trade.

Interpretation of the 2 hour chart…Even though the Elder Bars are red…DGAZ did close above the 50 MA. BULLISH. I am waiting for entry.

GDX Daily is on $20.00 MAJOR SUPPORT

Tomorrow will be very interesting.

DUST 5 Minute with Divergence….

DUST5

http://stockcharts.com/h-sc/ui?s=DUST&p=5&yr=0&mn=0&dy=2&id=p08940470655&listNum=1&a=388441676

One can wait for the 13/34 cross because divergences can be negated…use this as a warning signal.
Again, also note the bollinger band constriction which portends a move.

EOD MACD has reset right above zero and looks to want to cross back up. Also, the 13 NEVER crossed below the 34 MA. This is BULLISH.

FWIW PMs

GDXJ http://screencast.com/t/7dbnAJlikH
GOLD http://screencast.com/t/7nHYh14n
These 1 2 3 4 hr signals point to more down… 1190 is one ALGO program hitting the sell button
Until the daily makes a meaningful bottom and turn it’s no go for g g g gold imo,
DAILY http://screencast.com/t/WZGk7YMx5
I think the next meaningful rally will be in may or june if the 6 month cycle plays again. the last 2 or 3 times JNUG doubled. that is the trade to look for
DUST 1 hr
http://screencast.com/t/oy9eMCeZgzV1

Edit a Better Look at the Dailys

Dailys_2015-03-04_0856

 

Personally I WOULD NOT place a counter trend trade with NUGT…

We are in the AIR zone…back test of support line which is now resistance?
Also, when I feel we are about to go into an “impulsive” move fast and furious.
I use the 5 minute with 13/34 crossover and hang on for dear life until the 13/34 tells me otherwise.

Gold and the GDX is declining/consolidating into the Full Moon on 3/5 – looking for a bounce

The GDX has been in a downtrend since 1/21 and gold has been constrained between $1190 and $1222. The GDX should give us a bounce here as we enter the Full Moon Timing Window (centered on 3/5) which has supportive solar-lunar cycles but the rally could just be a spike.  Gold needs to close above $1222 to be constructive but a close below $1190 would be bearish. Trader Jack

To follow the waves and turn windows of the SPX and gold, check out my blog:

http://allstarmarkettiming.typepad.com/my_weblog

HGD

-Assuming the sideways meat grinder continues…

-Assuming a 3 month cycle may exist here….

Could be a nice swing.

 

sc

Nemo – SAND, SAND:GLD, HUI:Gold

SAND and relative performance of SAND to GLD, and HUI to Gold

sc sc sc

 

 

Does anyone knows….

if there is options (puts and calls) on Toronto on SSL (Sandstorm Gold).

Could not find any.

And if anyone have a chart, that is interesting, regarding this stock compared with gold.

Why asking?

when gold turns (spelling, remember swede)

Is this a fast moveing track, or could one just the same stick to $gold ( this is also a Q about down-trend. could one also find an extra push south when down).

Nemo

A Couple of Important Charts

UUP (US Dollar ETF)

uup

TLT (Long Bond)

tlt

DUST EW Chart…

http://stockcharts.com/h-sc/ui?s=DUST&p=60&yr=0&mn=1&dy=0&id=p98530313068&listNum=1&a=396907522

Seeing how this plays out…I AM NOT AN EW Practitioner…
Wave 3’s are really fast and furious :-)

DUST 60 has a neg div…expecting div to play out while DUST backtests the 34 MA tomorrow…

13/34 has crossed bullish.

SPX Trading Channel

$spx chart

SPX has been in a trading channel since November of last year.  Keep an eye on this.  A convincing break above or below could signal a stronger trend.

HUI

The fast reversal to the SAR buy signal after three days is bearish.

“I have been lurking in the shadows”…

shark

Hear Ye Hear Ye Washer has gone short…Time for CAPITULATION!

GDX slicing through the 50 MA…$20 support line next…no kidding right? :-)

goldpennantbreakthroughmar2

TRADER DAN REPORTS

CANT POST THE REPORTS AS THEY ARE FOR SUBSCRIBERS BUT

1…GLD HAD A SIZABLE DRAWDOWN

2…India DECIDED NOT TO LIFT THE 10% IMPORT TAX

NOT BULLISH !

The Golden Apple?

http://www.gold-eagle.com/article/could-apple-buy-third-world%E2%80%99s-gold

Cant imagine this isnt huge, hell I even want one

What Happened? Gold Silver GDX GDXJ

SO IT IS… and There you go…  and  WTF…  I was mentioning in our skype room how DUST  in the 12s or say 12.5 might be a good spot.  I have to admit I was not watching closely on Friday other than to see GDX give up the gains and also on Thurs, this was a good clue.

I had no trades on, as I was not going to chase anything and thus did not have the emotional fires burning.  Had I been watching closer, I would have noticed the super high  1 HR signal and the failing 15 and 30 min.

Also, never never fight the Daily, we have yet to eye  drop down?

It does seem to me that we are dragging this out until Summer.  Seems the 6 month cycle may be the trade long in the NUGts .

ALL_4_2015-03-02_1345

Gold_2015-03-02_1342

GDX_what_happened_2015-03-02_1338

DUST WEEKLY…

http://stockcharts.com/h-sc/ui?s=DUST&p=W&yr=2&mn=0&dy=0&id=p94567372258&a=389304413&listNum=1

GDX needs to get above $22 for bullish case…

gdx

Still in CONSOLIDATION zone…

http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=0&dy=0&id=p69262004256&listNum=1&a=356316794