Goldtent TA Paradise

Golden Ladder – The Path to $1800+ ?

1. Fullgoldcrown says:

   September 11, 2019 - 12:05 pm at 12:05 pm

   Stunning Chart NS !

   How’s the weather over there ?

   With all this superb charting how do you have time to watch that too ?

   

   • Northstar says:

     September 11, 2019 - 1:22 pm at 1:22 pm

     Been a hot Summer Fully (for us anyway), with 37C at one point (99F). Cooling off into the low 20’s (high 60’s/low 70’s) now. Managed to get 100mm (3 inches) of rain in a couple of hours in a nearby storm nearby as well, which was pretty dramatic. Keeps us on our toes. Nothing approaching Dorian levels of destruction though. My heart goes out to the poor souls who got caught up in that mess. I’ve been following the Donald Tump, sharpie incident with astonishment as well. If he can abuse his powers over something like a weather forecast, can you even begin to imagine the real levels of corruption going on behind the scenes ? If someone took one of my forecasts, changed it, then told me to take the blame when it was wrong, and my forecast was right, I’d tell them go away and grow up. Hard to believe this moron is in the position of power that he is. Not that we are any better off here in the UK !!!

     • Fullgoldcrown says:

       September 11, 2019 - 2:24 pm at 2:24 pm

       Agree 100%

       Morons are rampant

       • Marcusjames says:

         September 11, 2019 - 2:52 pm at 2:52 pm

         Just be thankful psychopath warmongering Hillary isn’t in power Fully. But, yes, having a moron in power is disappointing.

     • BooBooMan says:

       September 11, 2019 - 11:46 pm at 11:46 pm

       Trump is an ass – and an ignoramus in the macro sense. But in terms of “morons” he’s not to even be compared to the lunatics the Democrats are running.

2. Afasilver says:

   September 11, 2019 - 12:17 pm at 12:17 pm

   Thx for sharing Northstar.

   • Northstar says:

     September 11, 2019 - 1:23 pm at 1:23 pm

     Very welcome Afasilver

3. Atomic says:

   September 11, 2019 - 1:11 pm at 1:11 pm

   Could be a Christmas MIRACLE…

   • Northstar says:

     September 11, 2019 - 1:23 pm at 1:23 pm

     Here’s hoping Atomic…

     • Afasilver says:

       September 11, 2019 - 1:38 pm at 1:38 pm

       This is Dave Hunter’s view and he remains calmly hardened on his views … melt up for S&P 500 … gold to hit $1800+, silver $26+, GDX $45+ by year end or by early Spring. But then a hard deflationary bust … something we need to be on guard for … I would prefer a long lasting a healthy bull market over a deflationary bust. However, after the deflationary bust he considers gold/silver to be a great place to be.

       Recent podcast here: http://contrarian.libsyn.com/the-coming-melt-up-in-markets-with-david-hunter-of-contrarian-macro-advisors

       Twitter account here: https://twitter.com/DaveHcontrarian

       • Paul says:

         September 11, 2019 - 2:06 pm at 2:06 pm

         Thanks Afasilver,
         BUT who the hell is David Hunter ?????????????????????
         I checked 5 US business/ corporation databases, and there’s no record of an entity called Contrarian Macro Advisors.
         My best guess, he’s a freakin sock puppet.
         Peace, success, out: P

         • Afasilver says:

           September 11, 2019 - 2:23 pm at 2:23 pm

           Yeah, don’t think he is … very macro focused and remains stern on his thoughts w.r.t. markets. He has been around a long time, although I just found out more about him recently. Not saying he’s right or wrong, but the FED is behind the curve w.r.t. rate cuts.

           It will be interesting to see what the market does if the FED only cuts 25 basis points next week. If they do nothing, the markets will choke. However, I doubt they serve up a 50 basis point cut … and if they don’t then additional cuts will be warranted this year. The FED already lost it’s credibility years ago.

           Also, I believe they have already started buying bonds since the Jackson’s Hole meetings, without having officially declared QEXXX is now on the table.

         • Atomic says:

           September 11, 2019 - 3:22 pm at 3:22 pm

           YouTube…

       • Fullgoldcrown says:

         September 11, 2019 - 2:27 pm at 2:27 pm

         Anybody who calls two major moves at a time…can be summarily dismissed IMHO.

         It’s tough enough to get One good move correct in price and timing.

         sheesh

4. Paul says:

   September 11, 2019 - 2:40 pm at 2:40 pm

   Sorry Afasilver,
   BUT IMO your reply “Yeah, don’t think he is … He has been around a long time” is not a good enough explanation from you. In fact the remainder of your reply smells of obsfucation.
   Let’s say 20 Tenters went to the link you provided, and listened to the 33 (!!!!!!!!!!!!!) minute interview with so called ‘David Hunter’. That would mean you’re responsible for wasting a lot of people’s time here by promoting a likely sockpuppet.
   Please do some due diligence before recommending likely sockpuppets…. and pissing me off.
   Peace, success, outP

   • Afasilver says:

     September 11, 2019 - 3:19 pm at 3:19 pm

     Relax Paul … I never forced anyone to listen to anything … I’m listening to a lot of different viewpoints … yours in itself is not correct. I think Dave’s viewpoint could be accurate if the FED continues cutting. It is one outcome most are not expecting, therefore it is also possible.

     Regardless, most of my weight leans on Mike Oliver (MSA), Rambus, and Plunger. However, it’s always good to be open to other ideas.

     Good luck to you … hopefully you’re not as rude in person!

     • Afasilver says:

       September 11, 2019 - 3:32 pm at 3:32 pm

       And after further thought … Dave Hunter’s idea does align somewhat with Plunger’s post-bubble contraction (PBC) thesis he has been espousing for some time. This is the fuel that could drive gold stocks much higher in the future, although after a collapse of course.

5. Aurum Maximus says:

   September 11, 2019 - 3:00 pm at 3:00 pm

   Love this chart NS, keep it up!

   • Northstar says:

     September 11, 2019 - 4:11 pm at 4:11 pm

     Thanks AM. There is a school of thought that we may be pulling back into a deeper correction, so I’ll be watching closely for signs one way or the other.

     • Alex33 says:

       September 11, 2019 - 4:43 pm at 4:43 pm

       I think current upmove in gold could be a corrective rally, with a new down wave to follow. Still thinking $1450 could be in the cards

       • Northstar says:

         September 11, 2019 - 4:45 pm at 4:45 pm

         Certainly possible Alex. I’ll be taking a look at the charts for more clues.

       • Atomic says:

         September 11, 2019 - 5:13 pm at 5:13 pm

         It’s 50/50…

         • Fullgoldcrown says:

           September 11, 2019 - 6:54 pm at 6:54 pm

           The short term is all about Trump vs China and Trump vs Powell

           But its a bull market and as we know surprises are to the upside

6. Northstar says:

   September 12, 2019 - 2:44 am at 2:44 am

   Spot on Fully.