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

About the Author

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turd [at] tfmetalsreport [dot] com ()

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Monedas
Jul 25, 2011 - 12:06am

Tesla ?

Did you know that the Yugo was invented in the mid-thirties, by a Serbian Free Mason ? General Motors, in co-operation with General Electric, bought some critical patents to keep it off the market at the same time they bought the patents to that 70 mpg carburetor ! Alas, even evil Capitalists, have to accede to the clamour of the masses and humankind finally got their Yugos ! Oh, happy day ! Monedas 2011 The 70 mph carburetor had technical problems and was replaced by fuel injection ! Believe it or not !

ActionFive
Jul 25, 2011 - 12:02am

PM followed Greek formula

PM followed Greek formula rising without bailout. Means short term PM/off with bailout if follows Greece.

Evening looks risk offish. Strange, EE/sentiment could have crushed "markets" for QE setup/OPEX. Tuesday is not today.

ewc58
Jul 24, 2011 - 11:40pm

Turd sure does get around

But where's the sunglasses?

Who said they didn't like pictures on the site?

Nice one Tezz.

Kumanari
Jul 24, 2011 - 11:21pm

WOW

HOW DID THAT HAPPEN

Kumanari
Jul 24, 2011 - 11:19pm

FOR DPH HELP ME, HELP ME

The Fly *Help Me Help Me* (Scene) 1958.

NOT TECH SAVY ENOUGH TO POST VIDEO CAN'T EVEN POST AVATAR

I'M SURE MY KEIKI WILL SHOW E ONE DAY

Tesla
Jul 24, 2011 - 11:18pm

=]

Cool =]

You make all of our days everyday - THANK YOU for all of this!!!

(Glad to see you enjoying life a little - we all think you deserve too and then some!)

LaMachinna
Jul 24, 2011 - 11:16pm

That my dear turdites....

IS CLASSIC TESLA! ROCKIN' THE PLACE UP AND SCHTUFF - WOOT!

Tesla
Jul 24, 2011 - 11:07pm

Two thumbs WAY UP

Tesla: That is one of the greatest things I have ever seen! Thank you for making my day!

Tesla
Jul 24, 2011 - 11:05pm
Save_America1st
Jul 24, 2011 - 10:55pm

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