$VIX – that chart can´t be good for SM

I thought I´d post a quarterly $VIX chart I have been sitting on for quite a while.

As you know, I still believe that we are in for some kind of a blow off in SM before we can get one in PM. And I have said that I expect to see at least one rather severe pull back/correction on the way to that blow off in SM, see link below for this reasoning.
https://goldtadise.com/?p=407586

The chart below is my ultimate long term quarterly $VIX. And it shows a massive picture perfect red cycle with a very probable FBO below the black support line right at the cycle low, plus a large blue falling wedge that calls for a large down move in SM. I think it clearly shows that this pull back/correction will happen. What it does not say is if we get it this quarter or one of the following quarters. One thing is for sure though, there is not very much room left in that blue falling wedge.

If that chart above is linked to my $USD and $GOLD chart posted further below today, then we will get that move this quarter I would think. That is what I have been saying for a while now, that many charts may be setting themselves up for a synced larger move.

See my Big Picture Series roadmap posts for where we are and where we are going, updated collected list linked below.
https://goldtadise.com/?p=407909
I have 100+ roadmap charts in these posts that are all on track.

Commodities bull market – More confirmation; update

My last update post on the commodities bull market contained a healthy collection of links on previous posts, explaining my bull commmodities case which I have been posting on for about a year now, see link below. One link that should be added to that list is my Big Picture Series on Commodities which can be found in the link at the bottom in this post.
https://goldtadise.com/?p=413379
In the post linked above you can see how those inverse h&s´/expanding falling wedges below relate to my 45 year $CRB chart, and to my 220 year commodities index chart, and that is a must really as I see it if one wants to understand where we are and where we are going.

In the post linked above I showed that we had BO for my large blue inverse h&s/expanding falling wedge on my daily $CRB line chart. Now we have a more clear BO also, on the weekly candle chart, below to the right. To the left below we have the BO I posted on when it happened, my beautiful blue inverse h&s/expanding falling wedge on RJI, which is the more balanced commodity index. Note that RJI has already BT. And note that both tagged their EMA30w.

See my Big Picture Series roadmap posts for where we are and where we are going, updated collected list linked below. I have 100+ roadmap charts in these posts that are all on track.
https://goldtadise.com/?p=407909

$USD & $GOLD – beautiful, synced BTs in progress; update

Update here on my synced BT take for $GOLD and $USD. For the first post on this synced take see link below.
https://goldtadise.com/?p=413514

We got the BT for $GOLD that I was loooking for and not only that, it was picture perfect to my support line which means that it was in the right place from the beginning. Note that it also tagged EMA30w during the BT.

For $USD I still feel that it does not feel strong, a view I have had since I called the top back in Jan 17 and then right after called a PO of 80. I see a possible purple bear flag/expanding rising wedge right on the now support line, soon to be resistance line. SC doesn´t want to keep the lines for this purple pattern exactly where I want them on this chart but I think you see what I am aiming for. The BT for $USD is hard but that is to be excpected in this vital situation I would say.
And a flag right on a trend line usually means that the following move will be strong. Also, a failed move in one direction (the strong BT) often produces a strong move in the opposite direction (my move down to 80).

Note in the chart for $USD above that I see this bottom in Sept below the now support line as the late YCL, and I see it as we got a very stretched/lengthened YC. This makes sense to me also as I see the cycles for most major currencies as quite distorted at this point.

And for $USD, as the chart shows, I am now looking for a shortened YC in order to compensate for the stretched one we just had. I am also looking for a very left translated, very bearish next YC that takes us down to my PO of circa 80.

See my Big Picture Series roadmap posts for where we are and where we are going, updated collected list linked below. I have 100+ roadmap charts in these posts that are all on track.
https://goldtadise.com/?p=407909

Canamex Resources (CSQ.V)

As you know, I do not do posts nowadays for individual companies but I thought I´d make an exception and do a post here for Canamex Resources. And this because Spock is now unable to post charts for this company over at his site SpockM from now on as he is now the CEO of the company.
I would like to emphasize here that this is an exception for this specific company, all other SpockM rocks should stay at SpockM.

Below we have my daily, weekly and monthly.

So what do we have right here chart wise, well, we have picture perfect setups in all three time frames below.

On the daily we have a beautiful blue falling wedge with a completed FBO at the YCL and an around the apex move coming. And we also have a picture perfect wolfe wave.
The weekly shows a very nice gigantic black falling wedge with the mentioned blue falling wedge. And here we can see that the FBO occurred also at the 15 year commodity cycle low. We can also see that we have just tagged EMA30w from below.
And finally, on the monthly, we have a massive black falling wedge that is BT right now. Also here we have the blue falling wedge with the FBO occurring at the 15 year commodity cycle low, as on the weekly.
We can also see that the indicators are looking good.

It has come back to the PP price so the entry price down here is real good I would say.

Next step is probably either a bull flag here or we might go down and BT the now support line of my blue falling wedge around 0,10.

And the chart for the largest shareholder Hecla Mining is looking real good also, see the chart in my latest Big Picture PM post linked below.
https://goldtadise.com/?p=411879

Cameco – my take on the drop (it is just normal cycles playing out)

Impedestrian over at RF asked for opinions about Cameco´s last drop. Here is my post from RF on that.

My take is that this strong daily drop was just the expected ending blood phase into its yearly cycle low (YCL), below. The final move into a YCL is usually a rough one. And this YCL will give us the first higher low for Cameco in this resumed bull market in uranium.

Also, we are still inside my daily falling wedge which is similar to the one I have posted recently for U.TO. And I am now looking for price to go for an around the apex move on my weekly, below.

So, we are just fine and this should be a buying opportunity as the move out of a YCL usually is quite strong.

See my Big Picture Series roadmap posts for where we are and where we are going, updated collected list linked below.
https://goldtadise.com/?p=407909

And below is my last shorter uranium update.
https://goldtadise.com/?p=413645

As I see it.

Uranium Update – still on track as I see it, but it got bumpy

(Graddy DNS Snail Update – where is he from 🙂 again)

Let´s do an update for uranium. I think that we are still on track but the ride got more bumpy than I first thought.

Below we have my long standing daily, weekly and monthly charts for U.TO, the proxy I use for the uranium price. Here we can see that my purple falling wedge on the daily/weekly is still in play but has gone much deeper than I thought. And we actually have two slightly concerning things on the weekly falling wedge now;
1) the BO up to the EMA30w that went back inside the falling wedge, and
2) the fact that price went to a new ATL, not by much though, but still

However, if we turn to the new chart below, the quarterly and its version of the falling wedge, we can see that we are still on track. Looks like the current correction was just another move inside my gigantic quarterly wedge and that this last move gave us a FBO that is now in the making.
Also, the monthly could be suggesting that we are in for a larger purple DB.

Moving on to URA we can see below on the weekly that we have a very nice and exciting purple triangle that is about to BO.

And looking at the ratio chart URA:U.TO it confirms my take above in the way that it is on track, i.e. the miners has not dropped more than the commodity during this down move since the beginnings of 2017, on the contrary really. My ratio chart below plus my URA charts above are proof that uranium is still on track. I would say that they are signaling that U.TO at the top is about to put in that purple DB followed by completing the around the apex move of my gigantic falling wedge that I have been looking for.

So, we are still in a new bull market for uranium as I see it, even if it got a bit bumpy. On the other hand, who expected a new bull in uranium to be an easy ride. Now is most probably a great time to get positioned I would think.

See my Big Picture Series roadmap posts for where we are and where we are going, updated collected list linked below.
https://goldtadise.com/?p=407909

WTIC & BRENT – BO is pretty close now for WTIC, one BT left

(Repost from old server – audept)

Quick update here on oil. I posted the last weeks about the very broad and balanced commodity index RJI BO and also about the less broad and less balanced $CRB being in the process of doing so. And I also posted on that $BRENT has already BO out of my large inverse h&s, see link below.
https://goldtadise.com/?p=413379

Now it is soon $WTIC´s turn to BO looking at my charts.

Below we have my long standing daily, weekly and monthly $WTIC. My guess is now that we will now BT my purple expanding falling wedge on the daily/weekly and then BO above my blue inverse h&s on the weekly/monthly. And as I have talked about many times by now, note the thin zone on $WTIC on the weekly. We are in for a massive move together with PM and many other commodities for which I also have posted my thin zones for many months by now. The 15 year commodity cycle plus the 5th K wave that I have been posting about for a long time are now getting traction.

And looking at my $BRENT charts below we see the BO on the weekly/monthly out of that inverse h&s.

So, as I have said for 8-9 months now, we are in a commodity bull market since 20 months back. Soon it is $WTIC time to BO above my inverse h&s and that will be even more confirmation.

There was a lot of talk here and over at Rambuses forum for a longer while about that we are in for heavy deflation, a post bubble contraction and oil going down the drain. No, we are not. And for those that need fundamentals to believe this, maybe the article below can help. The oil squeeze they talk about is most probably what is going to drive $WTIC through that thin zone I have talked about for over six months now.
The players involved here, Bloomberg and Citi, are both pilars within the deep state but the story is there even so.
https://www.bloomberg.com/news/articles/2017-09-25/citi-says-get-ready-for-an-oil-squeeze-than-an-opec-supply-surge

See link below for my view on the non-existing deflation threat.
https://goldtadise.com/?p=407586

See my Big Picture Series roadmap posts for where we are and where we are going, updated collected list linked below.
https://goldtadise.com/?p=407909

Uranium update – still on track as I see it, but it got bumpy

Let´s do an update for uranium. I think that we are still on track but the ride got more bumpy than I first thought.

Below we have my long standing daily, weekly and monthly charts for U.TO, the proxy I use for the uranium price. Here we can see that my purple falling wedge on the daily/weekly is still in play but has gone much deeper than I thought. And we actually have two slightly concerning things on the weekly falling wedge now;
1) the BO up to the EMA30w that went back inside the falling wedge, and
2) the fact that price went to a new ATL, not by much though, but still

However, if we turn to the new chart below, the quarterly and its version of the falling wedge, we can see that we are still on track. Looks like the current correction was just another move inside my gigantic quarterly wedge and that this last move gave us a FBO that is now in the making.
Also, looking at the monthly it seems like we could have a DB in the making.

Moving on to URA we can see below on the weekly that we have a very nice and exciting purple triangle that is about to BO.

And looking at the ratio chart URA:U.TO it confirms my take above in the way that it is on track, i.e. the miners has not dropped more than the commodity during this down move since the beginnings of 2017, on the contrary really.

So, as I see it, we are still on track.

See my Big Picture Series roadmap posts for where we are and where we are going, updated collected list linked below.
https://goldtadise.com/?p=407909

$WTIC & $BRENT – BO is pretty close now for $WTIC, one BT left

(Re-Posting on behalf of Graddhy as we were moving servers last night – great post that we do not want to lose! – audept)

Quick update here on oil. I posted the last weeks about the very broad and balanced commodity index RJI BO and also about the less broad and less balanced $CRB being in the process of doing so. And I also posted on that $BRENT has already BO out of my large inverse h&s, see link below.
https://goldtadise.com/?p=413379

Now it is soon $WTIC´s turn to BO looking at my charts.

Below we have my long standing daily, weekly and monthly $WTIC. My guess is now that we will now BT my purple expanding falling wedge on the daily/weekly and then BO above my blue inverse h&s on the weekly/monthly. And as I have talked about many times by now, note the thin zone on $WTIC on the weekly. We are in for a massive move together with PM and many other commodities for which I also have posted my thin zones for many months by now. The 15 year commodity cycle plus the 5th K wave that I have been posting about for a long time are now getting traction.

And looking at my $BRENT charts below we see the BO on the weekly/monthly out of that inverse h&s.

So, as I have said for 8-9 months now, we are in a commodity bull market since 20 months back. Soon it is $WTIC time to BO above my inverse h&s and that will be even more confirmation.

There was a lot of talk here and over at Rambuses forum for a longer while about that we are in for heavy deflation, a post bubble contraction and oil going down the drain. No, we are not. And for those that need fundamentals to believe this, maybe the article below can help. The oil squeeze they talk about is most probably what is going to drive $WTIC through that thin zone I have talked about for over six months now.
The players involved here, Bloomberg and Citi, are both pilars within the deep state but the story is there even so.
https://www.bloomberg.com/news/articles/2017-09-25/citi-says-get-ready-for-an-oil-squeeze-than-an-opec-supply-surge

See my Big Picture Series roadmap posts for where we are and where we are going, updated collected list linked below.
https://goldtadise.com/?p=407909

$USD & $GOLD – beautiful, synced BTs in progress

We seem to be getting the BT to the weekly 6 year trend line (my version) plus EMA30w, or very close to it anyway, on $GOLD as I have been posting about. And $USD gave us a very interesting weekly candle this week up against my weekly now resistance line, don´t you think. I posted earlier this week that its daily looked like it had topped shorter term as the sentiment indicator Wm%R was already at extreme levels after this very short bounce. I have also said that some monthly and quarterly charts pointed to Oct and that is still my guess for starting the next move up.

Both charts below are picture perfect as I see it. Have a long hard look at them and put them against eachother in your mind. What do they really tell you? And what do they tell you together with the fact that RJI has already BO and that $CRB is in the process of BO, as I posted on the last two weeks?

We are looking just fine, as I see it.

See my Big Picture Series roadmap posts for where we are and where we are going, updated collected list linked below.
https://goldtadise.com/?p=407909