Great Board This Weekend
Sometimes this Place is a morgue and sometimes its abuzz.
Great stuff all you analysts and commenters.
And Thanks to the readers ( lurkers) out there who took the time to show appreciation as well.
Of course there is A Buzz on right now.
The Last week of ’16 and The first week of ’17 was a wild one for the PM Miners we all Love/Hate.
in 10 trading Days HUI went from 160 to 205 (27%)
For Kamikazi Traders thats 75% up or 75% down depending on you conviction.
All kinds of resistance was taken out in this impulse… which came out of nowhere.. but was deemed way overdue.
And… in these 10 days there were 4 (FOUR) days that were up or down 10% on the HUI ( that’s 30% in Kamikazi..(you guys are nutz you know) )
So….as usual the questing begs…NOW WHAT ?
Well since we are still waiting for the Messiah Chartist to join the Discussion here at Goldtent and bring us Charts which start where ours end ( which is always NOW)…Screw NOW …I wanna see tomorrows charts now !…
There is no shortage of Analysis here at the Tent.
Rambus….. has posted a What IF which shows a BIG Multi Year H and S “Potential” pattern which has much symmetry and looks to be viable if Gold closes below 1100. He has also recognized a potential range trade pattern, which after a downtrend breakout this past week on the daily, could send HUI short term back up to 285ish before another waterfall.
Spock…. has identified a Multiyear Confluence (16 , 8 and 4 ) Cycle Bottom in Gold vs the Dollar…and his Rocks are heating up .
Surf City….. has identified a yearly Cycle Low for Gold and Miners and is now following the shorter term action, looking bullish for now.
Norvast…I am not sure what Sir Gann is thinking…please check the comments..he will be around soon)
Graddhy… has some cases for the bulls and false breakdowns galore and his Uranium Guidance has been most appreciated
Jordan…Has great analogs and is short term bullish but longer term he has an eye on a lower low in Gold.
Avi…..Is a newlywed ( congrats) but checked in with his report this week showing we are not yet out of the woods here.
Eagle …is Bullish …but since he is an intraday trader that may change at any time 🙂
Bikoo Nightingale Gabe and North …are Bullish
Washer…is too stoned to offer an opinion
Plunger…not to be forgotten…is very cautious..he feels this gap type action is typical short covering action he has bought the low in December and has cashed out ( nice 25% trade in 2 weeks)
Fully is ..Nebbish…not too hot and not too cold. In the pool but one foot out.
Tommy…still sees Gold in a down channel . But as always he is on the look out for that 97% TRADE
Posters too numerous to name , some quite new,…. are offering some very well considered opinions as well.
So now each of us individuals with a Buy/Sell button at their finger tips must decide which analysis rings you bell.
This is all about getting the Odds on our side
Good Luck this week this year and this decade
FGC
Forgot to add…Last year it was easy to miss the big move as it was relentless.
This year the move looks the same at this point and there are many who missed last year who are eager not to miss
another opportunity…this could be fuel and a buy the dip mentality…pass the popcorn
Thanks Fully for doing these kind of pieces! Love them.
Norvast is on holidays!
Posting from Wellington New Zealand, flew in yesterday!
I agree with Surf.
We have just had a YCL on 15 Dec 2015 and we are in the first daily cycle of a new 24+ weekly cycle.
The first daily cycle appears to be right translated which means so far so good!
I am not sure whether the current action is a 1/2 cycle correction or is this daily cycle topping.
I favor topping because the USD looks as though it is about to have a daily cycle low and turn up until around the 20 Jan
Will know early next week.
My thoughts are that the USD and SPX are about to have left translated daily cycles which will top around the 20 Jan leading the SPX into a YCL and the USD into an ICL
Both actions are good for gold!
I am certainly on holidays as you can see!
That should read 15 Dec 2016
Thanks for checking in Norvast…you lucky guy…NZ is on my bucket list..enjoy
Another Lurker here expressing appreciation to posters.
Seems Trader Dan has decided to go quiet on the public front.
I liked his Commodity Index posts, updates on GLD levels and chart resistance levels on pm’s.
And the very seldom posts about pork prices in China. Good indicator there!
I dunno about Pigs in China But you can get all the other things like Commodity Indices , GLD tonnage and Resistance levels right here every day . IF NOT JUST ASK.
The more views and opinions the better – you need all the views and possibilities to be able to weigh up the odds and act accordingly. Thanks everyone.
Working , I buy commodities in the basic material space Have been seeing prices volatile in the last year with an upward bias
Our customers and markets would not accept price increases even though the feedstock increases suggested we should raise prices. This was because competition had not raised prices…..until now as we ar seeing many Raise prices
Demand has been meeeeh. What’s this mean if it continues? Me thinks stagflation. Stay tuned
Also. Seeing a lot of social upheaval. Brazil. Mexico. Colombia china. And so on.
Interesting times.
Thanks Mserr…always good to hear whats happening in the real economy