crashmonitor Posted June 20, 2014 Share Posted June 20, 2014 The Fed aside, the geopolitical tensions have been out there for a week.....Ukraine and ISIS in particular. Talk about a delayed spike......anybody would think the news had only just come out. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted June 20, 2014 Share Posted June 20, 2014 So, Silver took out 1st and 2nd hurdles this week. Fair assumption will close above tonight. Target now is 26/26.5. That equates to c 1500/1550 G. The leader in the PM market is like a rocket ship. Just look at the rally in the last 2 weeks. However, now at resistance so minor correction can be expected. However technicals are very positive and confirming the trend is up. Minimum target is 60/65 but I suspect it will be more like 90. This year. Quote Link to comment Share on other sites More sharing options...
R K Posted June 20, 2014 Share Posted June 20, 2014 The Fed aside, the geopolitical tensions have been out there for a week.....Ukraine and ISIS in particular. Talk about a delayed spike......anybody would think the news had only just come out. V similar to the blow off after the September FED mtg. Give it a week or so and it'll blow itself out and back to declines. Quote Link to comment Share on other sites More sharing options...
Errol Posted June 20, 2014 Share Posted June 20, 2014 Eventually the paper game will come to end. The bankers will run so low on physical metal that they will be unable to control the market. Quote Link to comment Share on other sites More sharing options...
wherebee Posted June 20, 2014 Share Posted June 20, 2014 Eventually the paper game will come to end. The bankers will run so low on physical metal that they will be unable to control the market. wheee! I bought some GDXJ at under 34. For once the devil didn't fart in my face! Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted June 20, 2014 Share Posted June 20, 2014 wheee! I bought some GDXJ at under 34. For once the devil didn't fart in my face! The best trades are those that work immediately. Expect pullback to c 38/36 but trend appears up Quote Link to comment Share on other sites More sharing options...
wherebee Posted June 20, 2014 Share Posted June 20, 2014 The best trades are those that work immediately. Expect pullback to c 38/36 but trend appears up Well, it's part of my anti-world falls apart plan (see other posts) so I don't really want it to go to the moon! Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 20, 2014 Share Posted June 20, 2014 The best trades are those that work immediately. Expect pullback to c 38/36 but trend appears up Why? Profit taking? Technical reason? Quote Link to comment Share on other sites More sharing options...
warpig Posted June 20, 2014 Share Posted June 20, 2014 $1,325 will be an interesting price point to watch today. Looks like we'll get a nice weekly close. <touch wood> Quote Link to comment Share on other sites More sharing options...
Errol Posted June 20, 2014 Share Posted June 20, 2014 Shanghai to Start International Gold Trading in 4Q China, the world’s biggest gold user, will start international gold trading in Shanghai’s free-trade zone in the final quarter of this year, according to a city government official. http://www.bloomberg.com/news/2014-06-20/shanghai-to-start-international-gold-trading-in-4q.html Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 20, 2014 Share Posted June 20, 2014 Quote Link to comment Share on other sites More sharing options...
weaker Posted June 20, 2014 Share Posted June 20, 2014 (edited) Nothing can be allowed to fail. Well, nothing remotely tied into the $700 Tr derivatives nuke, at least. Fourth Largest Bulgarian Bank Seized After Bank Run: "Let's Not Tear Down Our House" Central Banker Begs http://www.zerohedge.com/news/2014-06-20/fourth-largest-bulgarian-bank-seized-after-bank-run-lets-not-tear-down-our-house-cen Bulgaria's central bank has taken over one of the country's biggest lenders and urged depositors to stay calm. http://www.bbc.co.uk/news/business-27947084 Edited June 20, 2014 by weaker Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 21, 2014 Share Posted June 21, 2014 http://www.traderdannorcini.blogspot.ca/2014/06/speculators-short-copper-cover-in.html Quote Link to comment Share on other sites More sharing options...
weaker Posted June 23, 2014 Share Posted June 23, 2014 Some nice commentary on Silver negative basis... http://www.zerohedge.com/news/2014-06-23/silver-headfake-report-22-june-2014 From its low, the basis rises from -0.24% to +0.35%. The basis is the carry you can earn in silver. To carry is to buy the metal and sell a futures contract. The annualized profit on a trade with less than 3 months to maturity is 35 now basis points. That’s a lot. The 3-Month Treasury bill, for comparison, earns 2 basis points. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 23, 2014 Share Posted June 23, 2014 http://www.macrotrends.net/1333/gold-and-silver-prices-100-year-historical-chart Quote Link to comment Share on other sites More sharing options...
weaker Posted June 24, 2014 Share Posted June 24, 2014 a nice article: http://www.internationalman.com/articles/checkers-versus-chess But now, the US is broke, and its stature as the biggest boy has begun to wane. The other kids in the schoolyard are playing smart, whilst the US is still playing tough…and it's no longer working. ... [on Ukraine sanctions...] But, in fact, this served as an open invitation for Russia to retaliate. Since the very first thrust by the US, each parry and thrust by the Russians has been both effective and well planned. (It should be borne in mind that the latest announcement that Russia would not accept US dollars in payment for gas could only be enforced if Russia could get its international gas customers to agree. At the time of announcement, nine out of ten customers had, in fact agreed. These decisions were, unquestionably, not reached overnight. This chess move was planned well in advance.) When Russia announced that Gazprom, the largest gas supplier in the world, would no longer be accepting US dollars from its clients, the West was shaken by the news. ... Time after time, the US announces a flimsy new policy that is half-baked at best, and the US media announce, in effect, "This'll show 'em!" And yet, at every turn, the Sino-Russian tag-team deals blow after blow to US hegemony in the world. The US is at war with China and Russia. It's an undeclared war, and it's monetary warfare, not military warfare. Yes, there are the military distractions, such as in the Ukraine and the Middle East, but the primary war is being fought monetarily. If we observe the Asian responses to the US attacks in this war, and assess them objectively, we see that the Asians do not seek to kill off the US. In each battle, they, like skilled bullfighters, deflect the charging bull, then thrust the sword forward, wounding him again and again with every charge. As this approach is becoming a pattern, it would indicate that the Russians and Chinese, much like a bullfighter, are wearing out the bull and provoking him to lose enough blood that, soon, he will no longer be able to continue the fight. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted June 24, 2014 Share Posted June 24, 2014 If/when MACD crosses above 0, it'll be like Thunderbird 3. F. A. B. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 24, 2014 Share Posted June 24, 2014 Phew - Thunderbird 3 appears to have shot off but then it looks like they remembered that they had left their sarnies behind. Quote Link to comment Share on other sites More sharing options...
R K Posted June 24, 2014 Share Posted June 24, 2014 If/when MACD crosses above 0, it'll be like Thunderbird 3. F. A. B. Why won't it be like 2012 again? Fabulous shorting opportunity. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted June 24, 2014 Share Posted June 24, 2014 (edited) May be / may be not. I'm not going to prophesise without backing from the chart. The backing would be MACD weekly rising above 0, given where it has been. On verra. BTW in 2012, it rocketed. Edited June 24, 2014 by Killer Bunny Quote Link to comment Share on other sites More sharing options...
R K Posted June 24, 2014 Share Posted June 24, 2014 May be / may be not. I'm not going to prophesise without backing from the chart. The backing would be MACD weekly rising above 0, given where it has been. On verra. BTW in 2012, it rocketed. MACD is simply a derivative of price moves. Of course if prices move then any indicator derived from prices must also move. Prices FELL from 32-35 in Sept/Oct 2012 as MACD rose above the zero line to 18. That's a crash not a rocket. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted June 24, 2014 Share Posted June 24, 2014 Gosh ur so cleva Quote Link to comment Share on other sites More sharing options...
weaker Posted June 24, 2014 Share Posted June 24, 2014 MACD is simply a derivative of price moves. Of course if prices move then any indicator derived from prices must also move. Prices FELL from 32-35 in Sept/Oct 2012 as MACD rose above the zero line to 18. That's a crash not a rocket. On the MACD plot, the Histo (not the line) going positive correlates well with the upsurges in 2012. We are now potentially seeing the HISTO go positive..... Quote Link to comment Share on other sites More sharing options...
warpig Posted June 25, 2014 Share Posted June 25, 2014 Incrementum AG In Gold we Trust 2014 – Extended Version http://www.gata.org/files/Incrementum-InGoldWeTrust-2014.pdf Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 25, 2014 Share Posted June 25, 2014 DUST? Quote Link to comment Share on other sites More sharing options...
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