GDX 15

DGAZ Divergence Worth watching….


For you VIX traders or just use as an indicator…



So Burger King buys Tim Horton’s

and the Loonie goes up 1 cent vs the Dollar

All because of Donuts ?

Dollars to Donuts ?



The Bob Channel

Someone told me Silver was going to 500 any day…

I got about a ton of this stuff buried in the backyard

anybody got a shovel and $20 help your selves





Bob is holding hands with Mr Yen

Bob went out on the ledge 4 days ago
Mr Yen 3 days now…..jump!…jump!….jump!!!

I see Goldman Sacs has a YE target of 106/94.33 $YEN…= re-tag $1180 Gold zone…??

Meet Bob


GDX 15

What About Bob ?

He is Schitzo as usual…back to the ledge ?



washer, HGD

2014 has been a very tuff year to make any decent % gains shorting the gold miners

HGD Invisible chart

First week of Sept….the Circus is in town

BOCanada is Sept 3rd…nobody cares!

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

So JPY and EUR are looking to devalue their currency….will it be more verbal handjobs or real action?

GBP is in position to raise rates or will Clowney continue his verbal BS as he did while in Canada, I lost track how many times he was suggesting higher rates.

In one press conference when he suggested than Canada’s GDP growth was to be waaay above the street economists he was asked how did you come up with this target?…we have 20 very highly skilled economists working for the BOC taking in very complex data

The GDP came in below the street for 2012….next question should be I hope for Canada’s sake there is 20 BOC economists L@@King for work!

WANKERS!!!!!!!!!!……..send in the Clowns

Lightening never strikes in the same place in the same way

Marty: “lightening never strikes in the same place in the same way”. But the lightening is coming. We know that.

What I have Learnt: the last 2000 years of human history reads like a Greek tragedy, the same mistakes over and over. Empires rising and then collapsing from the periphery, today that being Europe, leaving the core until last (USA). Only after it has crashed and burned can we move on to the next phase of human evolution, as all governments are unable to see or deal with whats coming.

History: The Ottoman empire existed for 600 years, 22 generations of one family monarchy, one million square miles in size, a Superpower, Christians and Muslims living together and doing commerce and business at peace, and the empire only collapsed 100 years ago, commencing 1914. The collapse started in the outlying parts of the empire, in Egypt and elsewhere, then it quickly imploded over a period of less than one generation. Once these things start nobody can stop it. History is the evidence. Roman empire, Byzantium empire, British empire…all the same…collapse from the periphery then rather rapid implosion to the core. Rome collapsed from the inability to pay the pensions of its military. See the similarities with today. Culprits: Governments. We have not changed that much in the last 2000 years in the way we think and behave, in particular, governments whether socialist or capitalists.

So those who can see it coming, we sit back and watch the next act of this Greek tragedy be played out, with the periphery now collapsing before our eyes in Europe. Then Japan, and other countries in the periphery, then USA finally. USD last man standing, before its collapse as a global trading currency. Like the transfer of financial power from Rome to Constantinople as per the history books, now financial Center moves from West (London, New York) to East (Shanghai, Hong Kong, Singapore, Mumbai). New global trading currency (not USD) agreed and implemented. Meanwhile we trade the markets appropriately to protect what wealth we have left. Those who cannot see it coming are the collateral damage, the great unwashed as governments really think of their peoples.

gdx staying above 13 ma is a sign of strength

Monitor close

Armstrong today

I just read Marty’s post today….this guy has sat down with the Central Bank of China which is the only central bank on the planet that all its members are ex-successful Traders! ….not Fning lawyers or professional politicians!

Marty has been called during ever major crisis, is there anyone on the web with those credentials?…they sure as hell didn’t call me….

Marty toady: This is what I mean that the model is the model and opinions just do not cut it. We have to trade by the numbers – not by what we would think or like to see.




This Nasdaq 100 Index holds no banks, no financial institutions…works for me!

Watching the index with the indicator helps guide the ETF your using to invest off the index.

Armstrong suggested a July high would set up an Aug or Sept or worst case Dec low before heading much, much higher….time will tell which month is the low…. the indicator will help keep the Bears away……..

Sitting on a trading desk

We all have different backgrounds/professions but we come together as investors hoping to make % gains on the net $’s we save. Pilots have instruments to guide them, dentists have tools to torture us.

Sitting on a trading desk DATA is the guide and instant news feeds from reuters that’s the main tools for trading, obviously if one can’t apply the data to a chart or their positions correctly and understand the markets reaction to a key news release well your not going to succeed.

NO WEB OPINIONS are used from a trading position, I can recall on 1 hand the amount of times an opinion towards the CDN$ was discussed in meetings or in the bars it was all about trends and data or the news driving the action.

The joke in my house was watching the eve news and hearing the CDN$ did this today based on this…90% of the time they were completely wrong!

I know I’m going to come across like I’m making trading simple, its not or we’d all be at the beach. What I hope to do before I leave for the beach in Greece, lol….is remove all the clutter, opinions, useless tools the average investors clings to for direction.

I sent a Gold chart to FGC late last night (the guy never sleeps) which is below along with Silver, HUI and the Nasdaq all at their peaks.

Again like every investment having a trend in place with decent momentum is a chart readers dream. I had never held a short position with my personal investments until Golds bull run ended so that’s why I followed Rambus to confirm what I thought I saw on my charts while holding a short position, he was the only guy on the web who publicly highlighted short positions using chart data, not opinion.

These charts highlight using 1 indicator how any investor can stay on the correct side of the trend in play. FGC reply was the reason for this long wined post (sorry)

***I don’t think I can be disciplined enough to stay out that long though***

Remove OPINION from you charts! When the Naz was 5000+ opinions were to da moon…when Gold was $1900 it was to da moon!…Silver not to da moon but to Mars! Ask yourself did the dotcom web-sites keep you long, did all the goldnsilver sites keep you long….following the chart only would have had you protected.

You’ll never brag to your buddies that you sold gold at $1920 or silver $49 but you’ll look a lot younger than them as the buy/sell buy/sell the opinions is very stressful

Its the Chop, Pop, Flop…Whip trend that kills…big momentum was in play during all these timeframes below….that is a must!


Gold’s TOP:

Silver’s TOP:



GDXJ ….last 9 months

Its been the horse to ride for those that trade the jr’s since the Dec lows

5 trades = +35% returns….no bottoms nailed or tops… just trend changes

$YEN….cliff dive or ladder up

$YEN is pausing at a key level 104/96…will it make another run @ 99/101 or retest 95/105.25…I’m going to be away travelling early Sept and won’t be able to watch my radar screens…fwiw I’ve left instructions with a trader friend to reach me if a close above 99 or below 95 gets tagged….otherwise don’t interrupt my drinking!

First sign of life comes from Canada eh!

The $CDNX index has been following Golds trend this year, especially the Dec breakout….its showing signs of a turn with the 4 Horsemen heading north

Again sorry link to chart below work hyperlink so I’m going to try using TinyURL Yup that works!$CDNX&p=D&yr=0&mn=8&dy=15&id=p93785069913&listNum=1&a=365196083

$YEN radar site

Some might find this a useful sight to watch $YEN action along with any currency, equity index, commodities, gold…you can set up 7 fav to watch





GDX 60


Matrix @ 9:44 am

Yes it was different that time and it will always be different next time is my point I suppose. What will change the relationship next time, there will be something…who knows but it has been a solid relationship for a few years now as you point out.

As for 2001, I was a contractor building an office for a financial institution at that time. I told the president I was investing in gold and she said “what on earth is wrong with the usd” lol

EWavers….in my not so humble opinion

Is it just me or do EWavers always have XYZ could go up or could go down wave count alternatives, WTF, excuse my French eh!

Today while reading Rambus’s Weekend report at Goldseek I noticed TMC Elliott wave projections.

Is this not what every goldbugger has been subject to for years now….charts with arrows going straight up past da moon straight to Mars!


The first thing that comes to mind looking at this chart other than the 2 possible projections is the highlighted area Impulsive Wave 2001 to 2007…and get rather sea sick trying to keep up with the waves and I’m not sure if the projection into 2015-16 is due to another Impulsive Wave or not.

BUT here is my (sorry I’m bored) point from 2001 to 2007 the US$ fell 50, yes Fifty! pips within the US$ Index from 121-71 EVERYTHING priced in US$ rose be it gold from $270 – $1000 or Oil $17 to $147, Rice, Wheat, you name it.

How the F is the US$ going to fall 50 pips into 30+ on the US$ Index?????

These calls for a US$ collapse are not looking at the big picture, what would send the Euro$ up 75 pips as it did 2001 to 2007 from 85 to 160, there is NO news coming out of Europe suggesting any move like that.

Time for a hike………..

Radar watch… many screens

Dow, $Yen, this that, that this…

Not a trend line go to chartist, but one does need to connect the dots and in 34 years of doing so I’m still in awe how often they are in sinc….(I can hear Rambus saying No Shit!)….lol

Money flowing into Dow out of Gold….** chart date is Fri close





Using potential JNUG gap fill to add more JDST…

Marty is just nailing it today

Jackson Hole


On the weekend while channel flicking looking for real football NFL VS CFL, sorry! I came across a program on the super rich, NY condo’s, Miami condo’s and art work is going to da moon as wealthy Europeans are driving up prices, 80% pay cash. There was a Lambo dealer in Miami who’s sales staff are all foreign speaking as again cash customers are from all around the world!

Capital flowing into the US as global money looks to exit cash positions held elsewhere….US$ collapse, Good Luck!!

Rambus, $YEN 70 Target

Is It possible, why not!

Once you start to focus on the TSI and MACD indicators you’ll spend a lot less time seeking general opinions on the web, and you’ll actually stop focusing on price and instead you’ll just make sure whatever your trading your on the correct side of the trend.

Using Monthly charts the tweaked indicators are NOT applied so this is a monthly chart of $YEN that I keep. 70 is a re-tag of the 98 low so its not like $Yen’s never been there.

I like to take it one trend move at a time…. never L@@King way down or way up$XJY&p=W&yr=20&mn=0&dy=0&id=p66794014146&listNum=1&a=327691327

grin, makes an excellent point

#1 indicator? not always imho

From 2005 to mid 07 yen fell a whopping 18cents. Gold rallied 250 bucks.
The real move in that timeframe was from Nov-May either side of 2006 as gold rose from $450-$728 as the US$ fell from 92-83…yes $Yen gained from 82-91…gold had many driving forces at that time behind it move, US$ was still #1 indicator

grin, Gold was a pure currency trade off its bottom in the early 2000’s as the US$ Index topped out at 121 losing 50 pips

$YEN has not ALWAYS been the #1 indicator it took that role away from the US$ in 2011 when gold topped out, that’s why so many gold bulls got side swipped as their focus remained on the US$ action.

Don’t be so humble grin, as you made a good point

When I retired in 2002 the CDN$ (peso) was 62 and my friend Dave based out of NY told me the CDN$ would trade above par within 5 years….2007 it was 110 vs the US$ all based on US$ devaluation, so knowing full well I’d get killed trading currencies from outside the box I went long Gold as my currency trade….fwiw

GDX Last Gasp Getting Close…