The setup for the big trade

My understanding of the world, FWIW.

USA has had the aim of a unipolar world since WW2, wishing to be the sole superpower. This aim, is as legitimate to those factions in the US power structure who seek peace and security, as it is to the aggressive exploitative factions, and so the policy is without meaningful opposition.

As the USA busies itself of stripping Russia and China of allies, buffer zones and resource security, a pretext must be found for this undeclared war, and the twin reasons of counter terrorism and humanitarian intervention are the alibi.

Once China and Russia say 'enough is enough,' they must find some option other than direct confrontation to stop the US military & political salami slicing machine from slicing away yet further of their chess pieces. To add insult to injury, they themselves fund the salami slicing US military & political machine, through the dollar franchise.

Traditionally, pushback was through proxy war, but they also have the option of detonating the dollar. Those who say that this is an own-goal, overlook the fact that what might be painful for Russia and China, may in fact be the death blow to the dollar camp, and their military machine. In militaristic terms, this is victory over the enemy. The warning shots come not with bullets, but with demanding gold delivery, and by steam-rolling western banks at the comex if required, where the perception of the value of gold is set.

Time favours the underdogs, but the Dollar camp knows that, and so the underdogs must not be given that time; advantage has to be played while it is in hand. To whit, something big is indeed brewing. Syria, Iran, North Korea, Japan vs China, Japan vs Russia, and Arab springs, the momentum is building.

What happens in the Comex, is therefore a direct symptom of the state of the greater world, we agree.

Daily Sentiment Index on gold back at the all time low as of Friday  – 5% bulls left.

We are smack in the middle of your reversal target period. Is this the final washout or "hammer meets anvil"moment you were calling for?  To put it bluntly, where do you believe we are in the context of 'The Setup for the Big Trade' ?  And what specifically are you looking for to tell you it's time?

Thanks in advance from an inquisitive follower of your thread.

Your post just now was specifically about gold, and not silver, or was it about both?

cheers

argentus,

I think I can speak for most and say we appreciate your tremendous efforts and we stand to learn much from you.  No such thing as right or wrong in trading, just index of probability, much like the rest of life.:)  Today was well today, seen these kind of hits regularly following FOMC.  Much less frequently , it has gone the other way. 

I suspect the trauma of today will pass as people digest the massive distortion of the headlines, and we will be back to business very soon,  maybe even tomorrow.  Graphs of the last couple of years show that it takes 24 to 48 for the general market to rebound after FOMC.

"If I'm wrong I'll take the heat.”

“I'm dependent on swing trading into it. I swing trade hard as this thread probably suggests.”

Hey AMax, what you are adding here is only good and truth as you see it, well told. You’re trying to figure it out and pass along your best to those that are invested and interested. For that, you, your effort and insight is greatly appreciated. Among the group that is paying attention, you will not take any heat for missing a call in this bizarre world and upside down market. Like Dirty Harry, you will be appreciated either way.

If your Signs say… swing away!

BH, please read carefully.  You often misunderstand my posts, I don't know how you do that so often.  I said for "most" and that was only in reference to our appreciation for argentus' efforts, not "trauma", as you will notice that is in a second paragraph, geesh.

Metals having a small jump....outside reversal??IS the correction over or we need to give it more time??