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$UGLD Higher Inflation Leads to High Gold Prices, Said Paulson
This afternoon is exhibit A for the crickets ... push above $1300, but broaders hitting ATH's day after day ... pullback now after a slow crawl to regain $1300 ... technical inverse H&S, FED, Nuclear War - all seems *gulp* for not atm ... if this admin accomplishes nothing else but to keep us out of another war it could be another 2/3 years of golden era for 401k's ... I find no reason to seek shelter other then betting against the White House ... as long as it's Executive Orders for optics, ie business as usual, the S&P deserves to be here
You jynxed us
Who knew so much money was bet on a healthcare vote
AS of the action today looks like maybe ok. I also took a smal possition yesterday as that lower gap
may not fill soon and we could get a nice pop for a week or two jmo
I think you timed it ok.
In $10.12 regrettably ... likely bailing pm
gap is at 9.84 Will 1240 area hold on the metal?
1230? I'm torn here. Filled that weekly tail real quick but now Monthly screaming for double top if gold can't regain 54/60 this week. It will be back to 1200. As much as I'd have bought at market $9 handle just last week - this couldn't have come on worse terms.
4hr in desperate need of a bounce or bigger picture gets worrisome
$9 handle appearing off in the distance
Gapper ... Gold's calling bluff
SPX and GC ... one is wrong
re: this plan...
see previous post
*** The look into friday looked favorable so I added.
** I actually made more money after adding and selling it all @10.43 than if I had sold my position @the previous top.
* I didn't get any help from /es... it took off.
* usd/jpy had every opportunity in the world to follow the dollar down and it didn't/wouldn't.
* I still believe the previous post is possible but from where.
I didn't understand why gold wasn't performing better than it was in relation to the fall of the $. It spooked me, suggests /gc weakness, feared the monday gap down. Took gains.
I can only hope I get a better price to go long from next week for a ride and then grab some dgld back to maybe 54+? ... thoughts? Thanks!
I'm out. Have a good weekend
EUR/USD trying to make a new high?
EDIT:oddly enough: (/es 50sma resistance) & (/gc 50sma support)...
(/es 50sma resistance)
VS
(/gc 50sma support)
and
(/gc 200sma support)
?
I'm also eyeballing usd/jpy in the 109s.
it's currently casting a daily doji
so who knows
no
I have such good avg I thought it worth the look into friday
Take any profit yesterday or LT?
edit: dgld
I'm looking for large trades in dgld
puke is better than unwinding I'm looking for large trades in dglg as a hint when to bail on long gold but I'm not seeing any
if its not broke don't fix it My
How's that for an ES puke?
ES no likey 2400
* So far...
* gold and vix bottomed out last tuesday and appear to be holding?
* /es tried to meet or beat 2403.75 friday's 5/7/17 extended-trading-hrs high
couldn't do it
* but usd/jpy is making a 60min valiant effort to turn north
using 60min 200sma as support mac-d weakening as it approaches -0-
* I'd like to see /gc and the vix call bs if /es continues up
but I'd rather see /es unwind
ohhh and what a wildcard
gLtrading
I like it. I think es trades on borrowed time re euphoria the admin will maga. w/e that is. How much nothingness til doubt gains traction is the question I've been asking of many long positions.
I have wti as a joker, continued strength could be enough to just propel equities sideways/up, or at least stave off a big move. When $50 47/45 cracked there was wondering, could it lead us lower. The headline porn outta opec keeps the ball in their court.
Lot of volume waiting on volatility. There's a lot of money sidelined waiting for direction, buying op. Alt currency going to jupiter all the while. I see gold's pull back as healthy above 1180/1210 bigger picture. Had 1300 been taken the last go round things coulda got weird. It'll happen this year.
Looks like you'll get your $10 handle today
Green trades my
a vix sp*rk to 12 wouldn't hurt...
is the /es mac-d weakening... going to fail?
see how it goes.
trying to keep an eye on a few things
what are your thoughts about /gc /es /gcQ7 Aug contract
ugld/dgld ticking 100% on the aug contract now http://www.velocitysharesetns.com/ugld
... other factors I may be missing... etc... ?
double click image to enlarge
added @9.80 to see what the close brings
9.72 avg
need /gc 1227 to hold/bounce
Thanks. I like the weekly /gc candle over 1228.4...
what do you think of this plan Freeze #msg-131147160
maybe /gc only makes +/-1240?
all kinda hinging on
* usd/jpy continuing to @112 would be another ugld/dgld decision
and/or if
* /es intraday bounces needs to stop & show signs of "sell in May"
an /es monday gap down would make things interesting
* see if /gc bounces 1226.9 intraday
ugld close over 9.89 would make things look pretty bullish?
IF not/s look for /gc testing 1218
dgld will be back up to 54 maybe next week?
Looks like this may have bottomed. Needs AU to catch fire. Better a round a bottom then a V
jmo
yeah pummeled the daily /gc 100sma 1222 I was waiting on...
currently under it...
very unsure here
I did see 4+k volume on the /gc 1min candle @8:42
Salivating ... big decisions here at 1220
Steady eddie... slowly rising...
Lows of 12.2016 are higher than lows of 12.2015...
I finally look for better times ahead...
What an ugly beatdown the last half of the year.
Today (Friday) 9:38 AM: War is Declared on Gold
by Soren K. 25/11/2016 2:21 PM
http://www.marketslant.com/articles/today-938-am-war-declared-gold
Governments are Run By Border Collies
Central planners can only herd things. Ever see a shepherd dog not allowed to herd? It gets neurotic, and needs a workout of its instinctual behavior or it will suffer. Not unlike the modern IMF official.
Control Trumps Ownership
When the Bretton Woods agreement was enacted, it was done to demonetize Gold, and make way for FIAT currency. Apparently that wasn't enough control, as people could hoard paper money outside the system. The solution then is to remove/delegitimize all tangible wealth stores.
Governments of the world are now seeking to demonetize any physical representation of money they cannot control. That means the abolition of cash.
Gold Persists
And despite its demotion, Gold has been resurgent as an alternative store of value. That cannot stand. Central planning cannot work with decentralized wealth. The academic yet idiotic Central Bankers and Supranationals at the helm of this world actually feel they are helping. All they are doing is preventing free markets' the cahnce to self clear. And having seen their tools fail, instead of seeking to revise their opinion, they just reach harder. They have no skin in the game, and feel no consequences of mistakes.
So they will limit your choices. You will be made to heel for your own good.
The joke is, the outlawing of tangible means of storing wealth will only hurt the sheeple who abide. The criminals will continue to live outside the law. In fact, the brown markets will find another way.
3 consecutive weeks going up... FUD supporting metals.
What The Next Gold Confiscation Will Look Like (And How To Protect Yourself)
by Tyler Durden Aug 11, 2016 6:30 PM
http://www.zerohedge.com/news/2016-08-11/what-next-gold-confiscation-will-look-and-how-protect-yourself
Submitted by Nick Giambruno via http://www.InternationalMan.com,
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