Argentus' Golden Quarter

Two of TFMetalsreport's independent contributors got together today and had a 3/4 hour conversation about markets, the times we live in, questions from many Turdites and a few things more. They recorded their conversation for this week's A2A podcast.

The human eye, and intellect, senses motion with great acuity. Predators sneak in slowly at first and then when within striking distance they rush the last part. Events can work in a similar way. If something like an economic event moves slow enough it's approach may become invisible, except by periodic comparison with the stationary background. At the end comes the rush. So comparisons with events that crept up on other people unnoticed are a worthwhile exercise for the prepared.

I give you the fiat currencies of Venezuela and the US. Nothing in common? OK so. Move on then - there's nothing to see here.

Two and a quarter years ago Argentus Maximus wrote a gold forecast in his Blog. Here is the look back at how it worked out.

A comparison by Ronan Manly at BullionStar between an LBMA report pdf file and the earlier saved version of the same named file suggests that 2000 tonnes of gold in 2013 was shall we say "redefined" by way of explanation as to where it may have originated?

Taxpayers and gold ETF stockholders might like to have an audit of their central bank vaults and/or ETF vaults completed ASAP, as well as of their accounting books relating to gold transactions during 2013, just to be absolutely sure everything is present and correct and nothing fishy was going on. Simple reassurance will surely be issued, but audits seem appropriate given the amounts of capital involved.

Can we assume it's not the stock market? Given the week's crashy style of markets I mean! Hah! But let's play a game of assume it's not the stock market . And I have Central Bankers going crazy in October, so if it's not the stock market what else might it be? Calling Japan ... come in Japan .... Japan, are you there? Japan! ........ California, Illinois ... Greece ... Ukraine .... Anybody in bondland.... please answer ... How did we land inside this zombie movie?

What else might it be? Let me consult my current issue of " Trusty Doomster's List of Worries ". Ah, here we are .....

Monthly Gold Cycles by Argentus Maximus

This is pretty much presented without comment, except to suggest that you might like to look up the various cycle period lengths found, and go try them out for yourself to see how well they do or don't fit the fresh events gradually becoming included into the valuation of gold.

Argentus Maximus talks about the current July 2015 gold price break and releases his Rhythm and Price video newsletter of November 2014.

Personal balance and an enquiring curious critical mindset are essential for making successful investments in financial markets. Personal balance ia also required to deal with bad or partial information, and also to contain inner tendencies for making a tilted inner evaluation of a neutral external situation.

Then there are the manipulating strings connected to us which make us act as puppet, jumping and dancing to the pull of those ever so tenuous and totally invisible "strings".

After a while of looking hard we begin to notice some of the strings, and eventually we trace them back and discover that many people, organizations, random events or even nature itself are all pullers of our strings. We are a part of our environment, gifted with intelligence, and it is better for us if we use it.

Argentus Maximus, May 2015.

Several times I have been asked for a reading list which can be used to raise the quality and ability of prospective investors and traders.

Here it is.

Sorry Ben Graham-ites! Your master didn't make the (my!) cut because this list is about the practical use of charts and intended to work on all timeframes. On a more serious note the Graham and Dodds thesis can be alternatively represented on charts as an approximate 10 or 20 years trading range which stock prices, earnings, and returns of assets employed, oscillate within and can be accordingly traded.

Very long term secular trends are turning but this takes many years. Interest rates are at 60, 120 and 300 year lows. Reversal of trends always creates churning and price fluctuations and we should expect more of that.