WAR
Gold’s probably going to go up for the worst reason. Every president eventually either continues, or starts a new war. Pretty pathetic.
Gold’s probably going to go up for the worst reason. Every president eventually either continues, or starts a new war. Pretty pathetic.
I agree and I think we here all want gold to be real money rather than a harbinger of doom.
Totally agree. This whole Syria/Russia/war crap stinks to high heaven. If Trump and the western leaders take us down that path, they’re not doing it in my name.
Totally agree. War is never a solution and has never made things better.
Skip it guys…I respect you for your charts and analysis but do not want your political views!
The charts don’t exist in a vacuum. Especially when it comes to war, which distorts everything in ways that are unnatural and difficult to chart.
Agree !
I thought Fully said ‘anything goes’ lol.
It’s called Geo Politics and it’s a cycle to.
Apparently some think it is irrelevant to the markets? It is the market IMO.
This could be the final chapter of the Bretton Woods bait and switch. Russia is not going to give up Syria IMO, just as the USA is not going to give up the Suez or the Panama Canal.
History and human psychology understand it and anticipate the trend(s) that is what is chartology is history and trends. The biggest drivers of History and Trends is War. I see steady stream of posts marking the highs and lows of markets, fantastic charts none the less, but what is missing from the charts (or lost in time) is the human sentiment that produced those markets.
$10,000 Gold is a Morbid prospect and so is $2,400 careful what you wish for.
GLTA
agree RL, I always try to figure out the ‘why’ force of human nature which drives stuff. Take silver for example, it is industrial and economies slowing and nobody wants it, simple. Be very careful, silver may end up in the gutter as platinum. Song of the day- ‘all she wants to do is dance’,
Exactly!
Interesting that the action took place over a weekend so it didn’t effect financial markets.
I’d say gold may get a brief bounce on Monday then start heading south again.
I’d say the reverse for SM’s.
With you JL … spot on.
Market chartology is simply another way of analysing the cyclical nature of human action. Geopolitics is a by-product of humanity, therefore it is bound to be cyclical. The rise and fall of empires, governments, currencies – every single one is part of a repeating boom and bust cycle. Birth, growth, maturity, decay, death, rebirth and repeat. That’s why a gold chart (for example), can be successfully analysed in terms of pattern analysis and cycles in order to deduce future price action (day to day movements are noise, I mean the overall monthly/yearly trends).
Excellent! That analysis is something like what Martin Armstrong writes about on his blog. It’s interesting and somewhat depressing how we seem to be bound by cycles.
I know what you mean Marcus. I don’t think it’s possible to break out of these cycles unless we completely re-invent finance and government. I guess it may happen one day, but greed usually ruins everything.