One thing I’ve noticed that is consistent with these people is the fact that they always lie to the public. He knows gold is headed to 3,000 or more by the end of 2014 so naturally he’s got to tell you to sell yours now. You’ll know the top is in for gold when he tells the public he’s a buyer.
We should bottom today or tomorrow morning I believe. Wednesday’s are very commonly the most powerful “bull” day… meaning if they are going to start a rally after making a lower low today then tomorrow is the best day to do it on. It’s also the 28th and if I recall correctly Gary the numbers guy said many times that the 28th is wealth day. So that means it should belong to the bulls not the bears.
Not liking this market here……$SPX 100 mda @ 1637.34…getting close……will she hold or another leg down??? hmmmmmm but the $NYMO is not dropping much so to speak.
All my best; Seawind
Interesting headline on CNBC… “Treasury to reach debt limit by mid-October: report”, and interesting timing as mid October is when Legatus will be going on.
Gang, I got some computer issues since late last week and haven’t be able to do a new update. I’m using a backup computer for this post. I’m looking for a retest of the lows this week and then a rally through all of September. The likely final high should be before Legatus starts (8th-17th) this coming October. So for now I think we just got a bunch of slow motion chop.
ES Chart update: http://niftychartsandpatterns.blogspot.in/2013/08/es-chart-update_5372.html
Thx Mr. Red…..
There it was…..new low……
Going to watch $VIX and hold 17 IMO…
Have a great day everyone; Seawind
What do these 2 links imply that is about to happen?
https://www.google.com/search?q=US+Treasury+to+reach+debt+limit+by+mid-October&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
…and
http://www.legatus.org/event/pilgrimage-saints
All we need now is to hear Warren Buffet come on the propaganda media and say that everything is “ok” now and the worst is behind us.
This article by him on Gold should tell readers of this blog that he’s buying gold by the bucket load…
http://www.bloomberg.com/news/2013-05-05/warren-buffett-says-he-s-not-a-buyer-of-gold-after-price-slump.html
One thing I’ve noticed that is consistent with these people is the fact that they always lie to the public. He knows gold is headed to 3,000 or more by the end of 2014 so naturally he’s got to tell you to sell yours now. You’ll know the top is in for gold when he tells the public he’s a buyer.
We should bottom today or tomorrow morning I believe. Wednesday’s are very commonly the most powerful “bull” day… meaning if they are going to start a rally after making a lower low today then tomorrow is the best day to do it on. It’s also the 28th and if I recall correctly Gary the numbers guy said many times that the 28th is wealth day. So that means it should belong to the bulls not the bears.
Not liking this market here……$SPX 100 mda @ 1637.34…getting close……will she hold or another leg down??? hmmmmmm but the $NYMO is not dropping much so to speak.
All my best; Seawind
CRUDE Oil chart analysis: http://niftychartsandpatterns.blogspot.in/2013/08/crude-oil-chart-analysis_27.html
Interesting headline on CNBC… “Treasury to reach debt limit by mid-October: report”, and interesting timing as mid October is when Legatus will be going on.
Gang, I got some computer issues since late last week and haven’t be able to do a new update. I’m using a backup computer for this post. I’m looking for a retest of the lows this week and then a rally through all of September. The likely final high should be before Legatus starts (8th-17th) this coming October. So for now I think we just got a bunch of slow motion chop.
GLD Weekend update: http://niftychartsandpatterns.blogspot.in/2013/08/gld-weekend-update_25.html
Falling Wedge of INTEL: http://niftychartsandpatterns.blogspot.com/2013/08/falling-wedge-of-intel-update.html