I am watching UVXY real close also…Looking for a possible impulse move.

Nomura calls for 127 Euro$ end of Sept

First that I’ve noticed since Draghi’s action today regarding a target for the Euro$….where have we seen that number mentioned before, wink, wink

WOWza…they’ve lowered targets across all of 2015, based on ECB action and Fed action…so where is Gold Q4/2015 when the Euro$ is 1.20 and $Yen is 118

Plunger, although I’m not a PO chartist as I like to follow one trend in play at a time….HUI is where with those above currency levels?

Its not going there in a straight line folks so don’t bet the farm…but at least we see the direction the Windsock is blowing and we can protect our wealth

http://www.efxnews.com/story/25939/nomura-now-sees-eurusd-127-end-september

FGC, goldbuggers are going to hate this web-site

GDX 1/2 tag fill………@ $24.98……………..EagleSeagle

http://tinyurl.com/pe6xheu

bounce off 50 percent line.. previous line i was referring to .. failed..good for bears..now it needs to act as resistance

$YEN…..Monthly since 2000

Remember Gold was trading off the US$ 2000 – 2008 since Nov 2012 its $Yen
Key levels coming into play……..

http://tinyurl.com/pml6hno

Titanic update.. will it get a hole knocked in its bow

well .. here we are.. down to the line… poking through as i type this

FX desk reaction to Draghi shows clearly on the

EURO$ chart….I don’t know of any FX trader in Europe that was pro the birth of the Euro$…political ego’s don’t allow asking the correct parties their view, history keeps repeating.

IF todays action by Draghi was seen as a positive move towards fighting off the deflationary effects across the ECU the Euro$ would have spiked lower and be reversing.

Todays action does absolutely NOTHING!!…except devalue the Euro$ which is an objective, so well done ………#$%@!!!

DAX and CAC40 along with FTSE100 all higher on a lower currency as they react to what the Nikkei has done while $YEN devalues….US Markets still gaining as Capital Flows into the US

The EURO$ chart….the red line that todays action crosses is not a trend line it was a direction highlight.

http://tinyurl.com/nvaelep

GDX GAP FILL AT 24.83 AND THE 200 MA AT 24.33 NEXT FOR RESISTANCE…

Norcini….Euro$ reaction

http://www.traderdannorcini.blogspot.ca/2014/09/draghi-and-company-stick-fork-in-euro.html

abx….

NAT GAS

ung

gdxj fork/slope update… the purple line just below (25 percent level)has held support 5 times… curious what happens if it gets there again

gg (goldcorp)… hmm… they better fix the leaks in the titanic quick

Anybody holding a wrong sided position

Don’t be shy we’ve ALL held them….lets have a L@@K to see where the position approach went wrong, no point is re-using an incorrect map.

Please no… I’m still long gold @ $1923…nobody can help you

DUST & JDST……Rambus

DUST and JDST has the 4 Horsemen in agreement….its the Chop,Pop,Flop that must change to produce a decent % gain….the channel is very tight

http://tinyurl.com/nzz4tht

JDST is the same, tight channel chop

http://tinyurl.com/nqg2ulk

Since I am the “Prince of Divergences” it is my obligation to report…

DGAZ_60_MIN

However, this could just be ONE BIG BULL FLAG…

update on gdxj chart… titanic going down by the head

MIG boyz show key $YEN levels

105.44/94.84 and L@@King further out 110.66/90.36

http://static.safehaven.com/pdfs/swissquote_2014_09_04.pdf

How about a decent backtest off 94.84 to 96 giving gold a pop testing $1300 then a follow thru towards 90 $YEN into the fall….

$YEN

http://tinyurl.com/k9eld2r

gdxj version

Do not forget UGAZ…

EURO$ action today

Well we’ll never know if Armstrong’s rumour of the G7 is true that knowing full well the complete mess Europe is in a devalued Euro$ is in play.

Count Draghi surprize!

http://www.zerohedge.com/news/2014-09-04/shocking-move-ecb-cuts-10-bps-sends-deposit-rate-further-negative-territory

Basic FX you’ve got the US$ with wind at its back, War, QE ending, talks of rate hikes, spin of economic recovery ALL = Stronger currency

Euro$ and $Yen, more stimulus action, lower rates…well the list is very long ALL = weaker currency

Given the US$ Index is made up of 57% Euro 14% Yen that’s 71% heading lower as the Pound is only 12% which should be heading higher with the US$, its weaker with the Scottish vote in play recently

Weekly EURO$ chart….127 =/- is a hot zone…Marty’s Par call is in the back of my mind but that’s too far out, 1 indicator trend at a time is my focus

http://tinyurl.com/qbekmgt

Marty’s Par target

http://tinyurl.com/pctyq76

127 level chart

http://tinyurl.com/nvaelep

Gold pops $8 on NATO release….minutes ago

http://www.zerohedge.com/news/2014-09-04/battle-strategic-mariupol-begins-nato-vows-do-whatever-it-takes

cdnx update… long term indicators still not crossed to the downside.. but are trying to turn down

https://stockcharts.com/h-sc/ui?s=$CDNX&p=D&yr=0&mn=9&dy=0&id=p98453850925

nice back test on gold…. question is does it hold..

silver fox post made me take think of drawing this.. i wonder if they might break in opposite directions.. note that silver fox chart was over 11 years…. this is over a year and a half… gdx

Matrix, the $USD does look like it has potential…

sc

Gold Bottoms Where and When ?

Vote at the Poll on the right sidebar

On the eve of BOJ….Deutsche chimes in USD/JPY

Get Ready For The Sep-Oct Trading Opportunity…Deut Bank

***If NFP is strong on Fri confirming no doubt of QE ending in Oct, the US$ reaction-higher will send $Yen lower and Gold as well, the goldbugger manipulators will scream! and we will understand fully whats really going on*** Matrix

Focus of the day:

“September is here. We are now approaching the biggest focal point for the year regarding how the USD/JPY uptrend will pick up pace. At present, US GDP growth for Jul-Sep appears to be over 3%. This week’s data releases include the August ISM Index, auto sales, and payrolls. Once the market is confident that growth above 3% will continue, we see that the USD/JPY will rise past 105 as the outlook strengthens for the Fed to move up rate hikes.

…We do not expect a policy change from the BoJ’s MPM on the 3-4th this week, but Governor Kuroda remains intent on maintaining the QQE. We see the market starting to shift away from dovish expectations for the FOMC from the next meeting at the earliest, or if not, the one after that.

If the US economic recovery is as solid as expected, this should continue to provide support for JPY bears over the medium term. We forecast the USD/JPY rising to 105-108 in Sep-Oct, and possibly surpassing 110 by the year end. We expect the US economic growth cycle to continue until 2015-16, and maintain our forecast that the USD/JPY could overshoot 120 in the end as Japan implements independent policies that also support the uptrend.”

GDX DAILY–HEADING SOUTH…WE ARE AT AN IMPORTANT JUNCTURE…

GDX DAILY

Also note, the 13 MA is crossing below the 34 MA. As FGC would state, “my crown for a trend”. AND REMEMBER THIS IS A DAILY CHART.