With gas scheduled to go up to $4.00 per gallon in November, and America going into the Great Depression 2, I'd say that sales of alternative fuels and “Green Projects” are going to be the new norm. (It's already planned by the Illuminati members of the Bilderburg group, who stated they are going to create a fake oil shortage to run up the price later this year in November)
That would be as good a reason as any to start the sell off. Plus, it's close to the 3-4pm time frame, when all the action starts. Sounds like the perfect setup to start the selling.
“Over the past three reporting weeks – and as the Gold Price corrected $48.53 or 3.9%, down from $1240.50 to $1191.97 an ounce – the biggest “hedgers” and short sellers of gold have reduced their net short positioning by a remarkable 74,292 Comex 100-ounce contracts. That is a reduction in LCNS of 25.6% – a brisk pace.”
Jan 5 2009 the pause day equivalent to today in the Jan 2009 high fractal had 2000 advancers. Today there were only 1300+ advancers (with 1600+decliners). The next day was a shooting star pattern and $Nymo continued to rise in Jan 6. Today $nymo will decline……………..One can also look at a similarity to the rally leading into the April high albeit at a steeper rate of ascent.
My favorite cycle came into play today. Unfortunately it didn't work last time. Maybe it will be off every other cycle since it had weak effect 3 turns ago. Otherwise there is a 67 td cyle which is due around Friday which I really don't want to wait for. Jan 19 top to April 26 top was 67 td…..July 2009 low to Jan 2010 high was 134 td (67×2). There is another one due right around here but it hits and misses and its hard to measure where its at since it can extend a day…..This one got the March 2009,July 2009 lows and Jan 2010 high. Weekly cycles say the rally doesn't last past this weak but last week had a plethora of cycles also.
With gas scheduled to go up to $4.00 per gallon in November, and America going into the Great Depression 2, I'd say that sales of alternative fuels and “Green Projects” are going to be the new norm. (It's already planned by the Illuminati members of the Bilderburg group, who stated they are going to create a fake oil shortage to run up the price later this year in November)
X earnings steel report, soft prices going forward. I think GG ( gold stocks) went down in sympathy.
GG might turn into a 4 day falling knife.
Chevy VOLT ( electric) first day online pre sales, takes out Ford Explorer
(Huge SUV) all year sales.
That would be as good a reason as any to start the sell off. Plus, it's close to the 3-4pm time frame, when all the action starts. Sounds like the perfect setup to start the selling.
as far data tomorrow goes, don't we have the beige book at 2:15?
New post is up… with a video.
Strangeness in Gold land…
From: http://goldnews.bullionvault.com/gold_short_072…
“Over the past three reporting weeks – and as the Gold Price corrected $48.53 or 3.9%, down from $1240.50 to $1191.97 an ounce – the biggest “hedgers” and short sellers of gold have reduced their net short positioning by a remarkable 74,292 Comex 100-ounce contracts. That is a reduction in LCNS of 25.6% – a brisk pace.”
Jan 5 2009 the pause day equivalent to today in the Jan 2009 high fractal had 2000 advancers. Today there were only 1300+ advancers (with 1600+decliners). The next day was a shooting star pattern and $Nymo continued to rise in Jan 6. Today $nymo will decline……………..One can also look at a similarity to the rally leading into the April high albeit at a steeper rate of ascent.
My favorite cycle came into play today. Unfortunately it didn't work last time. Maybe it will be off every other cycle since it had weak effect 3 turns ago. Otherwise there is a 67 td cyle which is due around Friday which I really don't want to wait for. Jan 19 top to April 26 top was 67 td…..July 2009 low to Jan 2010 high was 134 td (67×2). There is another one due right around here but it hits and misses and its hard to measure where its at since it can extend a day…..This one got the March 2009,July 2009 lows and Jan 2010 high. Weekly cycles say the rally doesn't last past this weak but last week had a plethora of cycles also.
Possible POP (to hit and even pierce through the 112.41 level), and then drop… that's what I expect tomorrow.