Ultraviolet

316
Fri, Jul 22, 2011 - 10:21pm

Just two simple charts for you to chew on over the weekend. I'll be unavailable for a couple of days as I'm headed to where the streets have no name. It'll be a sort of homecoming for me in the city of blinding lights, out there in God's country, where the land is often as white as snow. This time of year, however, it should be a couple of beautiful days.

First up, here's a weekly silver. As you can see, the uptrend from 2010 appears to be firmly intact. This chart confirms for me, however, that silver, above 40, will encounter some resistance around 42 to 42.50. It won't be the end of the world but there may be a period of a few weeks where gold will outperform. Ah...silver and gold. What a pair! Two hearts that beat as one!

Gold, on the other hand, looks magnificent...almost like staring at the sun. Gold may often seem to move in mysterious ways but, in fact, it moves with grace. Once you realize that the goal of The Cartel is to manage its ascent, you can begin to see, and rely upon, repeating patterns. The most grand of patterns is evident on the chart below:

The pattern above is not just the real thing, it's even better than the real thing. Note how, since 2009, gold has followed a six-month pattern of, roughly, 20 weeks UP followed by 6 weeks down. It may appear out of control but it is, in fact, the sweetest thing. Gold is now clearly into its next 20 week UP cycle. Following pattern, we should expect a mid-November high, somewhere in the neighborhood of $1800. Not bad.

That's it for now. I must walk on with or without you. I hope you have a great weekend though of course, some days are better than others. This is my exit but I'll be back in three sunrises. TF

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  316 Comments

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Monedas
Jul 25, 2011 - 1:51am

I remember you ! You're the one.....

.....with his tits in the wringer and his pecker in the meat grinder, wringing his hands and whining about the Summer Doldrums ! There was a voice, a booming baritone, powered by two ghetto blaster lungs, blowin' a Summer Trade Wind up Summer Doldrums arse ! Monedas 2011 Norway takes the Nobel prize for highest Scandinavian abortion rate ! Damned babies get in the way of enjoyin' Petro Dollar Paradise and Welfare State ! They used to call them Quislings.....now they run the country ! Hitler would be so proud ! I'm a quarter Norwegian and support the brave Norwegian Resistance fighters against National Socialism and their Quisling stooges !

Eric Original
Jul 25, 2011 - 1:49am

Ginger!

I'm disappointed you haven't stopped by my gold miner thread lately. I've been working my butt off over there. :D

Titus Andronicus
Jul 25, 2011 - 1:46am

What an open!

Bought some silver eagles today. Also, I'm still long some Comex gold.

Turdle GGdonnojackshit
Jul 25, 2011 - 1:43am

Disorderly

"Disorderly to the upside" is my favourite Eric King-ism.

ginger
Jul 25, 2011 - 1:43am

Tesla! How do you do it!

Tesla! How do you do it! ...That is absolutely INSPIRED! ...Just so hilarious! ....You keep on topping yourself.. ..lol

Kumanari, lol... You Gettin' Your Tech Savvy On Friend!! :D ... I was shocked the first time that I posted a video link and the actual video showed up too. ..lol ..I felt so smart. It's like MAGIC I tell you..

Pilot - Magic - You Tube Exclusive! - IN STEREO 1975
donnojackshit
Jul 25, 2011 - 1:38am
Blight Master
Jul 25, 2011 - 1:23am

So is it the asians or the

So is it the asians or the bots buying up silver now? Maybe the bots have become self aware and realize they need silver to survive?

¤
Jul 25, 2011 - 1:07am

@DPH - The Golden Ratio in Action

See how brilliant your insight was? There either is some magical synergy between the ratios, or there is algo manipulation. Who knows, maybe the algos came to be BECAUSE of the magic ratio? Fascinating is all I can say.

¤
Jul 25, 2011 - 12:43am

I Remember Well, @DPH

Thanks for the link. I will get to that later tonight. You and I can get this going on the conspiracy thread.

Eric Original
Jul 25, 2011 - 12:13am

Louise Yamada

New Louise Yamada stuff at KWN. Never to be missed.

https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/25_L...$85_Silver_%26_Tremendous_Inflation.html

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