Trends in the Gold-Euro Cross

Sun, Aug 10, 2014 - 7:33pm

What can be done on the Gold-Euro cross rate in under twelve minutes and using trendlines only with nothing else?

I took a stab at the problem earlier today and here is the result.

It should be interesting to see how this holds up under the spotlight of unfolding events during the coming weeks and months.

Rhythm and Price Issue 173 10082014

Enjoy the rest of the weekend everybody,

Argentus Maximus

The author posts daily commentary on the gold and silver markets in the TFMR forum: The Setup For The Big Trade. More information about the author & his work can be found here: RhythmNPrice.

About the Author


Aug 10, 2014 - 7:39pm

Hundreds make mad dash to buy gold JFK coins at U.S. DenverMint

DENVER - People tripped, fell and were trampled as hundreds rushed to get in line at the U.S. Mint in Denver at 6 a.m. Thursday.

They were all after one thing - a gold JFK coin.

Around 350ppl waiting for 100 vouchers. Tense here outside #usmint. About mins to rush across street. @DenverChannel

— Pete Burd (@PeteBurd) August 7, 2014

The gold coins commemorate the 50th anniversary of the John F. Kennedy half dollar.

Initially, the Mint said it would make a limited number of sets available each day, Tuesday through Friday.

However, early Thursday morning, a Mint officer told 7NEWS this will be the last day they are available.

The Mint gave out 100 tickets to the first people in line, allowing them to purchase the coins.

However, people weren't officially allowed to line up in front of the Mint until 6 a.m. At 5 a.m. there were already dozens of people gathered across the street, ready to make the dash for the tickets.

More police arrive to assist handling growing crowd waiting for vouchers outside #USMint. Last 100 vouchers this AM.

— Pete Burd (@PeteBurd) August 7, 2014

At 6 a.m., the crowd rushed across the street.

"Crazy, bananas. B-A-N-A-N-A-S," said one successful man, as police worked to keep the crowd calm. "I got trampled, I fell down, I got back up. Because I'm a soldier."

A total of just 800 of the proof sets were available.

The 24-karat gold coin first went on sale Tuesday morning -- for $1,240. Some buyers said they were paid as much as $600 to stand in line for the coins.

sierra skier
Aug 10, 2014 - 7:39pm



Now to listen.

Spartacus Rex
Aug 10, 2014 - 8:00pm

@ Deacon Benjamin JFK Coins

Quite interesting how fast the fraudulent Paper Gold Mkts / Price snapped back up after that demonstration of physical demand, isn't it?

Cheers, S. Rex

Urban Roman
Aug 10, 2014 - 8:11pm

Thanks, Argentus.

Sometimes chartists use the Deutschmark, adjusted for a smooth transition, as a proxy for the Euro before 15 years ago.

Aug 10, 2014 - 8:26pm

@Urban Roman: Thanks. During

@Urban Roman:

Thanks. During the coming week I'll make up a long term price data file using DM, ending with EUR and see how it looks.

Aug 10, 2014 - 9:25pm

Dines prediction

Thanks Deacon for posting the dines interview on KWN. One of his predictions which he feels has already arrived is that we are at peak gold mining. Srsrocco has already shown that gold and silver grades are dropping dramatically; Exploration is falling dramatically also as both explorers and producers cut expenses. Hi-grading has commenced and mines are still depleting. At this near break even price of gold, mines that would continue to operate at an $1800 price (affording continued exploration and mining of lower grades) will have to be shut down prematurely. Throw in Rocco's peak oil, peak exportable oil, and collapsing EROI, and you now have a situation where we will never produce more gold than we are now.

This may take some time to affect the paper gold market, but the law of supply and demand will be eventually satisfied.

So It Goes
Aug 10, 2014 - 9:40pm


Subject: New Element Found

Discovery Announcement ~ The densest element in the known Universe has finally been found.

A major research institution has just announced the discovery of the densest element yet known to science. The new element has been named Pelosium. Pelosium has one neutron, 12 assistant neutrons, 75 deputy neutrons, and 223 assistant deputy neutrons, giving it an atomic mass of 311.

These particles are held together by dark forces called morons, which are surrounded by vast quantities of lepton-like particles called peons.

The symbol of Pelosium is PU.

Pelosium's mass actually increases over time, as morons randomly interact with various elements in the atmosphere and become assistant deputy neutrons within the Pelosium molecule, leading to the formation of isodopes.

This characteristic of moron-promotion leads some scientists to believe that Pelosium is formed whenever morons reach a certain quantity in voting concentration.

Spartacus Rex
Aug 10, 2014 - 9:46pm
Spartacus Rex
Aug 10, 2014 - 9:50pm

Short Squeeze Imminent

Gold Chart: Short Squeeze Imminent


Today I want to take a look at the gold weekly chart and what the underlying indicators are telling us. In this post, I've overlaid Bollinger Bands (BB) onto the five year weekly gold chart and included the BB Width indicator in the lower panel. Bollinger Bands consist of a middle band (dotted red line) with two outer bands (solid red lines). The middle band is a simple moving average set at 20 periods (20 weeks in this case). The outer bands are set two standard deviations above and below the middle band. The bands automatically widen when volatility increases and narrow when volatility decreases.

When calculating BB Width, the first step is to subtract the value of the lower band from the value of the upper band. This shows the absolute difference. This difference is then divided by the middle band, which normalizes the value. BB Width is simply a graphical representation of the volatility being measured by Bollinger Band overlay. The lower BB Width goes, the lower the volatility and the higher the BB Width goes, the higher the volatility. Not exactly an earth-shattering concept, but it can useful at certain times - such as now.

As I showed in my previous post, the Dow Jones Precious Metals Index, which represents large cap miners, recently broke up and out of a consolidation pattern and is now back-testing its old line of resistance. Gold, shown above, has an almost identical chart (RSI, MACD, consolidation, etc) exceptfor the fact that it is still coiling and has not broken out in either direction (yet). Starting in July 2013, it has made a series of higher lows and lower highs all the while trading in an ever-tightening band between $1,290 and $1,310.

That narrowing trading band is highlighted by the upper and lower Bollinger Bands getting closer and closer together. The decrease in volatility is probably easier to see when looking at the BB Width indicator (bottom panel). After peaking around 35 in July 2013, it has dropped to the current reading of 6.4, the natural level of support for the past five years (horizontal green line).

Let's now take everything the charts are telling us and see what predictions we can make:

  1. Price has made a series of higher lows since bottoming over 12 months ago.
  2. Price has made a series of lower highs during the same period.
  3. The trading range has been narrowing to a very tight band around $1,300/oz.
  4. MACD and RSI have been in a strong uptrend for over a year even though the gold price has moved sideways. This indicates significant underlying strength.
  5. The Bollinger Bands are the narrowest they've been in the last five years and BB Width has worked its way into a corner.
  6. The Dow Jones Precious Metals Index (DJGSP), displaying virtually the same price and indicator patterns, had a bullish breakout two months ago.

Taking all of this evidence into account, I will make the following educated predictions:

  1. We are going to see a bullish breakout in gold (MACD, RSI, and DJGSP confirmation)
  2. And it's going to happen very soon and it's going to be very powerful (extreme BB readings)

Aug 10, 2014 - 9:57pm

Hell I Don't Waste My Fiat On Numasmatics

To much of a Premium for those Kennedy's. By the way AM loved the video but hell I can't believe such a low will be possible in Feb. I hope not, as I'm Stacking Now. Lol

Video unavailable
So It Goes
Aug 10, 2014 - 10:29pm

@ Spartacus

I got this in my email today - so I thought I would share:

This coin really caught my eye - if you do not mind high premium for beauty.

Ah - if only......

Safety Dan
Aug 10, 2014 - 10:44pm

Off Subject - Newest Weapon, Lasers

Watch this interesting video for newest weaponized laser. The title is "Israel Used Directed Energy Weapons To Kill Gaza Civilians". Watch at 27:00 minutes.

Update: Israel Used Directed Energy Weapons To Kill Gaza Civilians
Safety Dan
Aug 10, 2014 - 11:02pm

@ AM Thank you

AM, great review of the euro gold in the coming 6 months or so. When you drew your downward trend lines, could you have drawn one through June '13 low to Dec/Jan low creating support for euro/gold?

Check this out from Dennis Gartman published by GATA: Dennis Gartman: Gold vs. "The Force"

Aug 10, 2014 - 11:02pm

Thanks for the thread, AM

And for anyone interested, I was on with Dr Janda earlier today:

Spartacus Rex
Aug 10, 2014 - 11:03pm

@ So It Goes - My Kind of Eye Candy

Thanks for sharing. My fascination with the Indian Head Gold Eagles, Half Eagles and Quarter Eagles began in the 50's, and have been hooked ever since as they are still among the most beautiful Coins ever struck.

Cheers. S. Rex

Spartacus Rex
Aug 11, 2014 - 1:21am
Aug 11, 2014 - 1:31am

@Spartacus Rex - About that eye candy

So, do you love Indians or Eagles?

I'm confused :)

Aug 11, 2014 - 1:37am

@Spartacus Rex - About that Iraq


Looks like you're right.... Troops and military movement in Baghdad.

Spartacus Rex
Aug 11, 2014 - 2:05am


"Love" ? LOL.

I "love" my Creator, LORD & Saviour, my family, friends and even people in general, everything else falls into the categories of either being appreciated, or not.

Lawful Money Coins are definitely in the category of "appreciated", especially the previously mentioned and displayed Indian head types of Eagles, Half Eagles and Quarter Eagles as IMHO they not only are a wise store of value, but also pieces of art and history.

BTW, here is a little history for everyone taken from the Coinage Act of 1792:

Species of the Section 9. And be it further enacted, That coins to be there shall be from time to time struck and struck. coined at the said mint, coins of gold, silver, and copper, of the following denomi- nations, values and descriptions, viz.

EAGLES--each to be of he value of ten dollars or units, and to contain two hundred and forty-seven grains and four eighths of a grain of pure, or two hundred and seventy grains of standard gold.

HALF EAGLES--each to be of the value of five dollars, and to contain one hundred and twenty-three grains and six eighths of a grain of pure, or one hundred and thirty-five grains of standard gold.

QUARTER EAGLES--each to be of the value of two dollars and a half dollar, and to contain sixty-one grains and seven eighths of a grain of pure, or sixty-seven grains and four eighths of a grain of standard gold.

DOLLARS OR UNITS--each to be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver.

HALF DOLLARS--each to be of half the value of the dollar or unit, and to contain one hundred and eighty-five grains and ten sixteenth parts of a grain of pure, or two hundred and eight grains of standard silver.

QUARTER DOLLAR--each to be of one fourth the value of the dollar or unit, and to contain ninety-two grains and thirteen sixteenth parts of a grain of pure, or one hundred and four grains of standard silver.

DISMES--each to be of the value of one tenth of a dollar or unit, and to contain thirty- seven grains and two sixteenth parts of a grain of pure, or forty-one grains and three fifths parts of a grain of standard silver.

Cheers, S. Rex

Aug 11, 2014 - 2:23am
Spartacus Rex
Aug 11, 2014 - 5:11am

@ Marchas45

Re: "To much of a Premium for those Kennedy's."

LOL! Actually Charlie these are what "premiums" on those Kennedy "Numismatics" really look like:

Cheers. S. Rex

Aug 11, 2014 - 6:03am

religious extremists are collectivist idiots

Great symbolism of nation and pride. The human spirit will always be victorious over religious idiots.

Aug 11, 2014 - 6:40am

religion is a cancer of the soul

Religion is elitist exploitation of ignorance. Humans organise themselves as ants do. The collective is successful but the individual is a slave. Human advancement only occurs when the individual breaks free of the collective and allows the imagination to flourish.

Aug 11, 2014 - 6:56am


Like I said to much of a Premium. Lol Man I could buy lots of oz's of Money for what their paying for that gold half. Lol Keep Stacking

Aug 11, 2014 - 7:00am

religion is bullshit

The ruling elite of societies have always used and encouraged religion's as their PRIMARY tool for enslavement of the mass of people on the promise of a far better Life After Death, to be granted on the condition of following the preaching's of religious doctrine in the service of the elite, and so it still persists to this very day, that despite living in the Age of Reason, still over 90% of the peoples of the world invest themselves in Religious Belief systems on the promise of life After death. This despite the fact when one a person looks on the preaching's of another religion as to what has to be done in order to gain an After Life, they will tend to find such rituals completely ridiculous, but the reality is that they are just mirror images of how other people see their religion.

Judaism - Jews nodding their lives away in front of an old stone Wall and perceiving themselves as being the 'chosen people' by god (you can't get any more elitist than that!) Who continue to say 'god gave them this that or the other land' the borders of which always tend to expand, when the truth is that the land is always stolen from the indigenous population's (Palestinians), and the same holds true for all other religions in their wars of conquest be it the muslim Ummah or the Christian Crusades, the wholesale theft of what is called the USA from the Native Indian's or Europeans civilising the African, Asian and South American savages as justification for the theft of their lands in colonial wars of conquest and slavery!

Islam - Religions encourage brainwashing through repetitive rituals such as reciting prayers and seeing the hand of god in everything, as an example the pinnacle of Muslim rituals is the Hajj which includes throwing pebbles at stone pillars, walking around the Kaba (cube shaped building) 7 times, then stampeding to kiss the black stone (meteorite) after which many of whom can expect to be in receipt of 40-72 virgins in an afterlife and everything else that is prohibited in this life such as alcohol, with everyone living in their own palaces and made young again for eternity. Whilst all those who do not follow the Islamic program will off course burn in hell for eternity.

Christianity - Christians with rosaries at hand eating the body and drinking the blood of Christ at Communion, praying to statues of supposedly a virgin girl who gave birth to a child, 2,000 years before the first test tube baby was born, or even proclaiming seeing miracles in random patterns in wood, fruit and vegetables that resemble the face of Jesus Christ and many have convinced themselves that the Rapture will take them straight to heaven just prior to End Times, despite the fact that there is NO MENTION of the Rapture in the bible! And off course Christians who followed the program will go straight to heaven whilst everyone else burns in hell for eternity.

Aug 11, 2014 - 7:22am
Aug 11, 2014 - 7:32am
Aug 11, 2014 - 7:49am
Aug 11, 2014 - 8:02am

Shortly about future

Shortly about future strategies of countries and peoples:

In decline as we envisage it, LOOTING of capital ( money equivalents. labor) at speed that is greater then decline in credit ( probably exponential ) comes as top priority, raw material access is secondary or even further down the road.

So the strategic targets for initial stage of decline are capital ( things still accepted for exchange,) and infrastructure rich places. Namely- the West and Japan, South Korea, Australia, few others. Perhaps also places were slaves can be obtained easily. Best thing is one place where both can be combined. I guess its West again. Good quality educated workers able to run the infrastructure and factories until they depreciate into nothingness.

Since population is declining in decline, the resources will only get - there will be more spare resources, but there will be no credit. Resources will not be a problem, in general, population will adjust.

Aug 11, 2014 - 8:03am

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