Goldtent TA Paradise

MA continues to say that gold will rise together WITH the stock market

1. Graddhy says:

   January 29, 2016 - 9:45 am at 9:45 am

   I think he might be right. And maybe it is not total rocket sience if it happens, this could be the case (not revolutionary thinking here though, but, anyway, here it goes):

   If we get the final deflationary collapse (which I think we will), CBs will take action after a while and maybe turn it around at some point (and maybe also overdo it…).

   With MASSIVE, global QE, the USD goes down and GOLD+SM up. GOLD defies the USD this time as it again takes on the role as Money. And SM goes into a parabola.

   I think it sems too early for GOLD to do that now.

   • Mamare says:

     January 29, 2016 - 10:17 am at 10:17 am

     The problem is that he (MA or Socrates???) thinks that also the US dollar will rise with gold and the US stock market.

     • neildavis2002 says:

       January 29, 2016 - 10:59 am at 10:59 am

       If so, it sounds like global hyperinflation to me. Everyone hyperinflates, but the USD is still the cleanest shirt in the fiat hamper and continues to rise. The stock market is not going to be rising meaningfully anytime soon unless inflation begins to kick in.

2. Carolynsue says:

   January 29, 2016 - 10:06 am at 10:06 am

   That’s not exactkt what I hear MA saying….First MA got in another SWIPE at those criminal gold hucksters and he did say this:
   1. gold HAS to close January above 1103 on the weekly to avoid signalling that there is inherent weakness still lingering within this market”..today is the last trading day of January as Sat and Sunday are the 30th and 31st…..As of 9:59 am Jan 29 gold is $1115.60 on the weekly so it looks like gold will close above 1103 for January. So gold will pass this “test” with flying colors today it looks like.

   After that hurdle we have to watch for the 1097 level in February “for that is key support” and IF we break 1097 in February then “its looking into a low into the second benchmark”. (BTW the second benchmark is the first week in April according the the GOLD Report I bought).

   MA does say that “we have to see a weekly closing above the 1143 level to raise any hope of a temporary low”….so it looks like the 1143 hurdle is next on the list……..

   WHEN have gold and equities gone up together? Does he mean PM equities? It’s time to consult with Socrates and see what HE has to say….lol

   • Mamare says:

     January 29, 2016 - 10:19 am at 10:19 am

     I think sometime MA himsel does not know exactly what Socrates is “thinking” 🙂

   • Carolynsue says:

     January 29, 2016 - 5:12 pm at 5:12 pm

     gold closed Jan at 1116.40 on the weekly

3. North says:

   January 29, 2016 - 10:46 am at 10:46 am

   It’s a daily battle, guys. Thanks for your thoughts on MA and Socrates. 🙂