Loading ...For What its Worth
(Play when reading this post)
There’s Something happening here
What it is Ain’t Exactly Clear
There’s a man with a CHART over there
Telling me I got to beware
I think it’s time we stop, children, what’s that sound
Everybody look Gold’s going down
There’s CHART lines being drawn
Nobody’s right if everybody’s wrong
Tent people speaking their minds
Showing so much resistance , from their lines
It’s time we stop, hey, what’s that sound
Everybody look what’s going down !
What a field-day for the creeps
A thousand Goldbugs in the street
Singing songs and carrying signs
Mostly say, hooray for our side !
It’s s time we stop, hey, what’s that sound
Everybody look what’s going down !
Paranoia strikes deep
Into your Charts it will creep
It starts when you’re always afraid
You draw the line, the man come and take your Gold away
We better stop, hey, what’s that sound
Everybody look Mines going down
Stop, hey, what’s that sound
Everybody look Gold’s going down
Stop, now, what’s that sound
Everybody look The HUI’s down
Stop, children, what’s that sound
Everybody look we’re going down !
Well, that’s a contrarian post if I ever saw one. Bought Canadian dollars today because most of the heavy hitters I read are calling for the dollar to go d.o.w.n. from here. Velllllly interesting….
Love It !!
Love the lyric edits – very funny! They are a two classic songs.
And I believe the chart. Like the songs; classic consolidation/continuation pattern with BO and BT. And, dare I say it, the fundamentals are compelling.
Thanks for all the great work you put in Fully.
In the face of:
1) stronger dollar dampener of US corp. profits
2) concensus that the SPX is going to break out higher (causing even a more stretched PE’s)
3) Trump admin stated goals to lower the dollar (I’m convinced he and his admin are serious about this, not just lip service).
4) Makes burden of international holders of US debt increase.
5) Cost of US Gov’t ability to fund spending increases – int’l demand for US debt decreases.
5) discounts harmonic cycle analysis of rise and fall of dollar (spock et all charts)
6) near unanimous concensus that the EURO is going to fall (everyone on the same side of that trade).
I’m not a believer – any spike in the $ will be short lived IMO.
The US election is a reflection of the will of the majority of the states of the US. for better or for worse – Herbert Hoover was also similarly elected also for better or worse – the message of the first Vid is so very appropriate. The second raises the question for me of who’s destruction.
Thank you for posting this Fully.
Guys What is this fairy tale that EVERYBODY is short the Euro ?
http://snalaska.com/cot/current/charts/EC.png
Nicely put, YYZ
Price action on the EURUSD looks like it’s bottoming to me, coupled with countless USD cycles topping here I think a trend line backtest on the USD index is less compelling, but thats just my take of course.
Er…play to which piper tune? Gotta gather all bankster rats to a fire pit.lol
So if the entrenched elite are going to be overturned and thrown out one should expect the process to be a smooth transition…. is that the underlying premise of this video???
I suppose that would mean gold at $1050 or less.