Loading ...THE SKY IS FALLING
Lets face it friends
We hang out at this off the beaten track bar , because each of us believes on some level that sometime in our lifetime , if not as soon as tomorrow , there is going to be a day of reckoning !
A Financial Disaster Has to happen ( no sarcasm ) Has to..!! as in Will Happen !
It always does after a period of Debt orgasm .
And this clearly is such a period.
We Just don’t know exactly when !
All we can do is invest in Gold and related instruments and hope that as in the past Gold becomes a valuable asset compared to everything else.
Some bitch and moan when Gold doesn’t rise night and day as it “should” .
Others are just happy to have the insurance but give thanks every day they do not need to collect on it.
Fortunately there is another thing we can do. We can share our collective gold minds and chart the damn thing .
Which is what we do here , from many perspectives, all night and day.
So anyhow my question is :
Are we there yet ?
We’re in a better spot than last Aug-Oct … similar to Plunger’s thoughts, if this push eventually drives us into a bull market I think it will catch many off guard, unprepared, and not strapped in early for large gains. Even though there is still a bull and bear case to be made, it appears the bull case is starting to play out. Unlike the last few years, it appears the general markets and a redux/stop to rate hikes may be the catalysts that launch this market soon. Hopefully everyone here and on Rambus’ site can keep us within the guardrails of the prevailing trend. Wouldn’t it be great if gold starts emulating palladium soon!
Good post AFA.
Note Palladium went Nucken Futz starting in 1997 then flamed out just as Gold started its 10 year Bull leg
http://schrts.co/ofDT5W
Great to know … they look inversely correlated … maybe palladium is making the last run of its current bull? This would be great per the chart.
I watched Ron Paul on CNBC today. I’m a big Ron Paul fan. There he was with his End the Fed book talking about economic Armageddon again. You know what, I’m even bullish gold now.
What I’m trying to say is I’m a believer: Of Plunger, Ron Paul, and Gold! The problem is I haven’t seen the proof. Still waiting for the great pumpkin to make an appearance, but he hasn’t.
You’re going Pollyanna on me Fully. You need to go back to Grinch mode. 🙂
LOL
Thats what we call Mojo’s Pony ( Princess Pollyanna )
I was just out mucking her stall…she gives me a lot of shit for a Pollyanna
🙂
By the way, I just listened to Bo’s latest video for sh*ts and giggles. I have to say, I enjoy his pessimism even if I don’t agree with it. He’s talking biblical book of revelation sh*t, opening of the 7 seals and stuff like that. Very heart warming stuff if you’re a Grinch like me.
My thoughts for now…
It FEELS like we are on the launch pad, however there are a few idiosyncrasies that have me holding back from total commitment:
– The accumulation distribution line on weekly GDX and GDXJ have not moved positive – at all. They ought to have started turning up in September, but did not.
– The oscillators TSI 747, slow stochastic, and RSI are reaching toward overbought while the rally in the miners is not as advanced as it was in previous bear market rallies, or in the 2016 baby bull move. So the miners haven’t bought in all the way, not yet. I would like to see the miners begin to lead the metal.
On the plus side the miners (GDM) broke down to a measured move from an 18 month consolidation, then rallied back and are poking back into the old consolidation pattern. This is a very positive development if it can hold up.
Army writes later this summer it all lines up and gold/commods up with dow like ’76-‘1980.