Goldtent TA Paradise

http://www.zerohedge.com/news/2015-02-19/us-economy-dead

“It is said that a true bull market creeps up on people when they least expect it. Perhaps because everyone is still talking about the bashing that gold took since 2011, they are overlooking the fact that gold has remained more or less unchanged in USD terms for the last 18 months and it has begun to trend higher against every other currency!”

http://www.zerohedge.com/news/2015-02-05/stealth-bull-market-developing-gold

http://www.goldsilverdata.com/companies.html#alpha_n

“the bears could well be right about the gold price needing to put in one last low, but that not need necessarily mean that now is not the right time to be buying gold stocks.”

http://www.arabianmoney.net/gold-silver/2015/01/29/have-gold-prices-still-got-one-last-low-to-reach-and-are-gold-shares-a-good-hedge-against-getting-that-wrong/

“Technical charts show a recognizable bottom for these shares at the end of last year. And they may now be so cheap that even in a big sell-off in stocks they will not become much cheaper.”

….as dusted off and brought to our attention by sir Eagle is very appealing in it’s simplicity. The patterns are formed by chosen price blocks only. (a cousin of point and figure).

I’ve tweeked this trying to capture major changes in trend possibly caused by major events: financial collapse, QE, no QE,  washer trying to drink himself to death….

….whenever it arrives.

Will have the following features:

– The “Wall of worry” will be replaced by a ” Tower of Terror”.

– Nobody will believe it until it’s almost over.

-Extreme volatility as remaining trapped longs bail near their entry points, re-enter then bail again on the first pullback.

-Brainwashed bulls trapped in a down trend will become brainwashed bears trapped in an uptrend.

-Nobody will stay aboard for the duration.

-Sales of adult Depends will quadruple.

-Bo Polny and Jim Sinclair will both come out of the closet, profess their love for each other and get married.

….from a simple mind.

Inflation is not gold friendly in developed nations. It is a bubble pipe.

Deflation is gold friendly. It offers protection from the crumbling edifice.

It might be said the last gold bull ended in 1980 and that the next has yet to begin.

The Swiss said today what the Japanese have been saying for a very long time….deflation is unstoppable. They know it and so does the FED.

We ain’t in Kansas anymore.

chart from Ben Kramer-Miller at Seeking Alpha.  Apologies for losing link.

Gold and HUI still saying:  “Bleh!”

Island bottom under construction…

Some bull:

Sold at the close for 12%.

$GOLD has yet to make up its mind.

The charts for JNUG are bloody awful. Some of the worst ever seen. Too embarrassing to even post.

Yes, I went long.

Only a clown….

Holding my position…

Back in HGU

The best part about having sold all my bullion is the elimination of trading bias. I couldn’t  care less….except to be on the right side of the trade.

I don’t trade anything gold related anymore other than these two :

I’m done.