According to Louise Yamada, it's over...

It is a ratio, nothing more, nothing less. Both the DOW & gold can increase or decrease at the same time. The DOW doesn't look strong and gold really looks weak.
 
dccpa said:
barsenault said:
dccpa said:
Why do you say that? Rogers has stated gold could easily go to the $900s. I don't think Rickards or Faber make short term gold price projections. Schiff and Maloney will say it doesn't matter or it's a conspiracy. I think the explanations will be easy for them. As to whether those explanations are believable is another issue. :)
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Hey dccpa, I agree with you 100%. Rogers had been calling for lower prices for the last year, and did say 900.00 would come. He's proven right once again. He's a man of patience, and is the reason he's so succcessful, and yet acts quickly when the time is right. :-) if silver goes to 9.00, I'm buying shots for everyone. LOL
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Last night an attorney friend was talking about buying ammunition and I just came from the doctor's office, please clarify what you mean by shots? :)
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I knew I was going to get a smart aleck remark...and I had a feeling from you too. LOL. Shots of Tequila in celebration of victory. We won. We got really, really cheap silver.
 
When the price is going through the roof everyone seems to buy and buy because it is going to go to $100 an oz. When the price goes through the floor no-one wants it because it is so cheap and it is a crappy, crappy poo poo thing that no-one would touch with a stick.
I spend my money on hookers and beer so I am fine :)
 
Our septic forum friends have been quite these past few days:

Instead of Puking, Do This
Jeff Clark, Senior Precious Metals Analyst

The sure sign of a market in capitulation is when those who are long feel like puking.

With gold and silver prices in what certainly feels like capitulation mode, pat yourself on the back if you didn't succumb to the pressure and sell.

Actually, pat your future self on the back, because it's that person who will realize the benefits of your discipline today.

In the short-term, though, the bad news is that the decline is probably not over. Gold's low of $1,180 is likely to be tested and possibly breached. Silver's previous low was broken weeks ago.

It all seems like a huge disconnect to the realities we can all see with our own eyes. As just one example, the mainstream applauded the lower unemployment number last Fridaybut the labor participation rate fell to a 36-year low, with a record 92.6 million Americans no longer in the workforce. And the stock market soared on the news.

I don't think I'm just being stubborn because I'm sure that, at some point, disconnects in data like that will matter. We're living in a central bank-controlled world more than ever before, but the odds of central planners steering us out of the corner they've painted us all into are remote. The math just doesn't work, and history has demonstrated the outcome of such fiscal, monetary, and economic foolishness numerous times.
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Read more at http://www.caseyresearch.com/cdd/instead-of-puking-do-this
 
Another 'channel' constructed out of two touches on each rail. Pretty primitive. At least it's two touches. Martin Armstrong was trying on a channel dating back hundreds of years constructed from a 'channel' with two touches of one rail and only one on the other.
 
I saw an eagle rising with the thermals today.

Gold has begun to climb to its next top .
 
finicky said:
Here's an interesting take on the Dow:Gold ratio chart from sharelynx. It's updated to Sept 2014. He draws a rising channel for the ratio (shaded green) to capture most of the historical action and also a midline.

Note how in the 70's gold bull, right in the middle of that secular bull in the mid 1970's, the ratio 'faked' a rise up as far as the mid line. Today it would have to rise above a ratio of twenty (20) to do that. It is currently only about 14

There's still loads of room for US large cap stocks to rise against gold and allow the chance of a gold bull continuation by this argument.

http://www.sharelynx.com/chartstemp/free/longtermdowgoldlogtr1800.php
Source: http://www.sharelynx.com/chartstemp/DowGoldRatio.php
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Could someone explain to me the value of charting when only till recently we've been living in a world of arbitrary price fixing? Why would the ratio from the 70's be transferable to today? Didn't we come off the gold standard in the 70's which left the prices of gold and silver set by fiat? Not trying to sound rhetorical but it seems like an analysis of who controls the open interest and their ensuing agenda would be more informative. I suppose that if we were looking at a chart of the Shanghai exchange which actually deals in bullion, then technically and fundamentally, observations about the movement of ratios would be more reliable. Rumor has it that Shanghai too will arbitrarily set the price of their gold in a one off revaluation, likely double the comex ask, with an invitation for arbitrage which will pull the covers off NY and London forcing them to admit they don't actually have any gold to sell in the first place. In the meantime, until every transaction is backed by an actual physical asset such as the non-cabal trading platforms are wiring themselves up for, where does one see the value in reading charts?
 
Sian Marie said:
Why would the ratio from the 70's be transferable to today? Didn't we come off the gold standard in the 70's which left the prices of gold and silver set by fiat?
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Richard Nixon ended usd convertibility to Gold in 1971, so any period after that should be comparable at the least. DJIA:Gold ratio had its temporary spike up to 10:1 in 1975-76 coinciding with a plunge in gold and uptrend in DJIA over that time


Rumor has it that Shanghai too will arbitrarily set the price of their gold in a one off revaluation, likely double the comex ask, with an invitation for arbitrage which will pull the covers off NY and London forcing them to admit they don't actually have any gold to sell in the first place.
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I'd love to believe that theory has legs!

In the meantime, until every transaction is backed by an actual physical asset such as the non-cabal trading platforms are wiring themselves up for, where does one see the value in reading charts?
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I don't know. I tend to go for visual explanations. I'd argue it's still depicting demand and supply, even if the demand supply is for something phoney. I'm just as interested in the phoney fiat price for gold as its true value as it's the fiat price that lets me sell it and buy stuff.
 
Normally (seen over a couple decades) golds price should go under $1000, but as long as current silver buyers continue, central banks and their buddies will continue support gold, as to lure people away from silver to gold, the market they control much better.
 
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