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

iwm fork… huge upside target if it would workout.. not sure why iwm is lagging so much compared to spy

GDX DAILY LOOKING FORWARD…

GDX_DAILY

Picked Bob’s pocket and kicked him to the curb

I’ll be back to roll him again, lol

http://tinyurl.com/psr59yb

Cant Trust Bob

SILVER

He escaped the Channel for a little while

But He’s Baaaaaaaaack

Who’s on First, What’s on Second

IF the pm’s stocks are to lead the bottom charge, they better start running!

Gold off the $1273 low as added as much as $24 tagging $1297 in the last 12 hours, the miners off $1273

$GDM 709-732….need “close” above 769
$HUI 234-243….need close above 252
$XAU 97.97-101.20….need close above 106

Short covering only?…We need the shorts to cover and go long………..

GDX …..a Ten week 9% swing playground

Chop-Pop-Flop…Sept should crack these channels…Up or Down

http://tinyurl.com/k7f5j53

You guys may already know this

Forker…..has a free weekly update posted late Sunday’s for those who follow the Pitch

http://www.pitchforkplayground.com/newsletter-index/

this is very speculative fork for gdx…. trying to see if i can detect it early…

GDX 15…SAYS BUY…AS LONG AS STOCH 144 STAYS ABOVE 50…

$YEN….chart action

Keeping an eye….on the fluctuation

http://tinyurl.com/qywkemn

A little currency humour………..

An Asian guy walks into the New York City currency exchange with 2000 yen and walks out with $72. Next week he walks in with 2000 yen and gets $66. He asks the lady why he gets less money this week than last week. The lady says “Fluctuations”. The Asian guy storms out, and just before slamming the
door, turns around and says: “Fluc you Amelicans too!”

” fluctuation”… sounds like “fuc-u-asian” in American accent

FWIW….positions

Long, HQU and HSU the Naz100 and S&P500 also long HZD the Silver “Short”

Given its a long weekend and the following Central Banks are all next week I’ll be flat, holding no positions going into the weekend.

4-Sep JPY Japan Bank of Japan
4-Sep EUR Euro area European Central Bank
4-Sep GBP United Kingdom Bank of England

NATO reaction in Gold over the last 12 hours, NO big currency moves providing a real trend change ($YEN) which I prefer over trading the beat of the War Drums

With all the above in play “waiting” for ALL 4 indicators I use to turn north is my approach…..to each their own….Good Luck!

http://www.zerohedge.com/news/2014-08-28/nato-says-over-1000-russian-troops-ukraine-extremely-worrying-dire-situation

Bull Flag…

GDX 15

All I can say is GDX has jumped the 50 MA on the 60 minute….

Please I just want a long strong impulse move one way or the other…

GDX 30 MIN HEAD AND SHOULDERS…

GDX HEAD AND SHOULDERS

LARGER PERSPECTIVE…

L@@King for signs of life

US$ Index, the two ADHD Horsemen…7,4,7 and 3,6,7…. could be ready to turn?

http://tinyurl.com/pyf8ohg

******$CDNX was the first to show all 4 turning north************

http://tinyurl.com/nqcja79

Gold, tweaked indicators, tweaking

http://tinyurl.com/npjv4nd

Bob Silver, signs of life or just gas?

http://tinyurl.com/npkco4u

Mr $Yen…96 zone holds the April low?

http://tinyurl.com/oap7x62

GDXJ…jr trying to turn

http://tinyurl.com/osy5kp3

GLD…trying to turn

http://tinyurl.com/qho5ovb

SLV…trying to turn

http://tinyurl.com/o3aoyvd

Bloomberg…. Sept is Gold’s Biggest month

http://www.bloomberg.com/news/2014-08-26/gold-shines-most-in-september-on-seasonal-buys-chart-of-the-day.html

Seasonally Sept is the biggest month of which Gold gains, over the past 20 years

Last 5 years….hmm

Sept 2009 + $75
2010 + $70
2011 – $200
2012 + $90
2013 – $110

Last 5 years = average – $75

And with this demand regarding Bob Silver out of India, well the only Cup-N-Handle set up I see is that of A GoldBug holding an empty silver cup begging for $’s

http://www.resourceinvestor.com/2014/08/20/silver-demand-in-india-plunged-75