The charts are telling us banana benders something... I'm buying when the price reaches "Coolangatta"
FYI : The mega chart has been updated for those interested. see HERE or follow the link in the original post. interesting thing happened when I was playing around with overlaying the gold and silver charts. at a scale (gsr) of 1:50 with the bottom in gold ($250-ish late 1999) brought to the baseline of the chart (or Gold=50*Silver+$250) you end up with the following chart (which I think is actually quite push for a coincidence.) so 2008 is obvious (gfc). If I'm not mistaken the announcement of QE2 was in November 2010 and debt ceiling talks happen about this time of year each year which sort of correlates with 'corrections' of the H&S patterns in silver (is the 4th one a H&S or a triple top with some sort of bounce?) Anyway.., each time silver has broken away and then come back to meet gold; however there is a blip at the end where gold actually rose faster (relatively) than silver and silver has played catch-up. This is all in the section at the rhs where things start to correlate again. funnily enough if you take that section where things don't correlate between Sept 2010 and April 2013 and change the ratio from 1:50 to 1:75 they match up pretty good. and their is a blip also, just before the QE3 announcement in September 2013 (just before the H&S?) Does this sit well with you guys, given the current situation? I'd love to hear your thoughts regarding how the charts seem to fall in and out of synchronisation with each other. Azure.
"India's gold and silver imports tumbled to $800 million in September from $4.6 billion a year earlier, according to the Commerce Ministry." http://www.moneynews.com/Markets/India-controls-gold-lower/2013/10/10/id/530433
FWIW Will be buying heavily ~21-26th Oct (will inform when so you guys can fire up the tar and pluck the feathers), funnily enough this kinda coincides with Debt ceiling shenanigans but that is coincidental. November is going to be good for US silver bugs... how good will depend on $26.10Ag-26.60 Res ($1325Au). Would love to see $1141Au for a double bottom. Usual caveat... DYOR DYODD only play with what you can afford to loose etc etc blah blah
http://www.zerohedge.com/news/2013-...olls-miss-big-plunge-lowest-april-infographic NFP BIG MISS 130k vs 150k exp
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2013/11/9_KWN_Weekly_Metals_Wrap.html Trader Dan at his best! A must listen for any PM investor (starts ~ 1/3 in, first guy is rubbish/infomercial) http://traderdannorcini.blogspot.com.au/
I Agree with "trader" Dan but the premise for this move is total BS Jobs figures was a BS figure. Listen to the guy who ran the BLS and knows the figures http://host1.cyberears.com//22640.mp3 Dan is right that the Bond market is the weakness in the system. The Stock market is heading for a massive crash. As Dan puts it when all the traders are on the wrong side of the boat you had better move. Dan does distinguish between trading and long term investing - good. Good post thanks Forgot to add one thing how does an economy that can muster just 2% growth with massive money printing justify a stock market that gains 20% ? This is a replay of 1929 but the only question is what is the current year 1927 or 1928 ?
