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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MickeyIrene
Jul 24, 2011 - 9:57pm
Aronnax
Jul 24, 2011 - 9:44pm

Fascinating TED talk about algos

https://www.ted.com/talks/kevin_slavin_how_algorithms_shape_our_world.html

(h/t to blindman on ZH -- https://www.zerohedge.com/users/blindman )

The Machine City is now a glittering, small dot of light on the dark horizon... Truly a must watch.

¤
Jul 24, 2011 - 9:38pm

yawn...let the fly out someone

At least I don't have a split personality or whatever ~that~ might be.

¤
Jul 24, 2011 - 9:29pm

Install a troll bridge maybe

Monty Python- The Bridge of Death
Dr GTurdle GG
Jul 24, 2011 - 9:23pm

@Turdle Stupid Globex and its

@Turdle Stupid Globex and its veil of secrecy/thin volume trading.

stoneeh
Jul 24, 2011 - 9:22pm

By the way DPH is really an

By the way DPH is really an expert at using humongous amounts of language for saying essentially nothing. Maybe he should run for Congress?

- Markus

Jimymac
Jul 24, 2011 - 9:20pm

How much does noise cost

Interesting all the blow hard's trying to manufacture this debt impasse with noise for the run up in Au. I doubt they have the strength they once had and the down will be weak, unless they can noise it up, today, tomorrow and Tuesday is noise. I'm still sitting 50% in cash waiting on Options expiry Wednesday. Then I'll be ready to pull the trigger.

stoneeh
Jul 24, 2011 - 9:14pm

debunking Submitted by

debunking

Submitted by Vypuero on July 23, 2011 - 3:10pm.

Should be read

If you're really bored, maybe. If you want to learn something new, rather no. Most debunking I've read so far was even more moronic than the conspiracy theories they were trying to debunk in the first place. Btw wasn't fragmented bone matter of one of the firemen working in the WTC at the time found on the roof of a building more than 600m away? Weren't massive pieces of the steel frame of the WTC found sticking almost perfectly horizontally in the surrounding buildings? Weren't explosion flashes exactly like in controlled demolitions CLEARLY visible (search Youtube) and eyewitness & rescue crews reporting explosion sounds? Neh, 9/11 wasn't an inside job, the steel/concrete of both buildings just turned to dust - accept it!

- Markus

Turdle GG
Jul 24, 2011 - 9:11pm

Here comes the EE

Silver spikes down to 40.10. Slight recovery now to 40.18

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