Here's one for Silver. https://s.tradingview.com/x/28k8Piss/
It converges in early to mid May(ish) depending on how you draw it. I'm curious, when does your 'unconventional' triangle converge? Au and Ag price has to move one way or the other, so I stay put, stay frosty and wait. (Did you notice the random file name? 28,800 Piss...LOL)
If your day-trading, I have Au spot in a 3/5 wave down in the last 2 days in hourly USD spot. Keep in mind I have been wrong since December.... https://s.tradingview.com/x/2nOA9Bs9/ The alternative is to have this 3 wave extend to 1305(ish).
The sweet spot futures contract rollover effect and the Co Co Bond markets are worth some consideration.
SO now might be a good time to remind ourselves about these financial instruments.
BIS - CoCos: a primer
Do we have a full breakdown of coco bond issuance. We know who is the seller, and retail (and its pension funds) are the buyer. So this is undoubtedly one of the derivative exposure clearance mechanisms which transfers risk from money classes to the public. And naturally the yield on such bonds would be higher than the dividends to be paid in their place if the bonds were converted into ordinary stock. So its a clearance mechanism with a built in incentive to use it.
Is the an end of the world line of thought? I don't think so. But it is a motivating for some people to run bank prices down to a buying point. And that goes against the government protection of financial institutions. So that there is a battle that may come to be fought some day, and we will get to see where the decade range low for banks would be when it does. This a thought I have when I look to see where decade range highs might eventually be seen to be using the clear vision of hindsight.
They are a variety of pitchfork lines, parallels of historic TLs of importance.
UncleFester: I dumped the pic file. Next time I do it up I'll put the dates on.
I know some readers of Setup look for a Lunar effect in financial markets. So this post is especially for you.
If you go by Gregorian calendar, January had two, Feb had none, and March has two. The 2nd of which chimes tomorrow. Not a big thing in my opinion, but a little added energy. Solunar and alternative adjusted calendar users won't experience any interruptions or surges in the monthly flow.
What am I talking about?
This link will help you check out the other Gregorian calendar months for 2018 should you be interested.
It's nice to just look at unusual things at first. That's a beginning step to greater understanding which naturally arrives - after looking - at a future time.
Also: this by the way is why Easter is early this year. If you look up how the date of celebration of the resurrection is calculated you'll find Luna and the spring equinox somehow get involved. As I look out the window, the daffodils and pansies are in full flower, and tulips now seem to be rising back from the dead too though it will be a while before they bloom and add their yellows and red mix to the yellows and pinks already present in the garden.
But since this is Easter weekend, here's a question for regular readers who are also readers of the Bible: Who was the 13th disciple? Not Paul, nor Matthias. They came afterwards and refilled gaps in the 12. Who was there all along; there for the three big moments, crucifixion, death, and first witness to resurrection (after the 12 had fled). The Easter egg significance is based upon a story about her.
She was recast as a prostitute during the Gregorian Papacy in 591 via a sleight of hand character assassination reminiscent of modern left wing political activism deplatforming any perceived opponents.
The Eastern orthodox church of the time refused to buy that retelling of her story which is a biased interpretation of original source texts.
Gnostic Gospels found much later in the late 19th century removed credibility from the Vatican recasting to disempower women by providing information on this wise, educated, spiritual and thoughtful lady.
Not the best article I suppose, but it has plenty of good content and perfection is hard to find:
Here is the text that was found: https://www.gnosis.org/library/marygosp.htm
Make of what you can. It's unfortunate some of this Codex was lost.
That's the philosophy for today.
V is dropping from peak, back up 9-10th and again April anniversary of the equinox.
G up 5-6th, 10th, and notably the last week of April.
Chart updates to follow later in another post.
I previously posted the longest term xau:gold chart and AM stated that more data was needed. This chart goes back to 1941. The trend since the early 70's has been down.
That's a great find Kentucky!
Being an interactive chart the dates are retrievable, and prices can be got.
So it's an index (or broader) substitute for using Newmont as a proxy for miners pre 1980s.
I have already taken one of the charts on the page apart and the internal swings are worth spending time and effort figuring out.
At a cursory inspection, the BGMI to Gold Ratio (including XAU) made a stop level at 0.39 before resting periodically upon 41-42. Holding support is bullish. The thing is, to figure out upon which scale the bullish situation exists.
Thanks for finding and also for posting this link.
You posted a single tradable chart the entire time you've been here?
"I pity the fool..." -Mr T
SNAKE OIL SALESMAN, STEER CLEAR!!!
(The others would have said it but they're conspicuously absent.)
Know you've got the goods, why you hang with this fool...?
@ JAL : in reply to the first part of your post which is addressed to me:
Why should I post a tradable chart this year? There has been no precious metals trade of size presented and won't be for several weeks.
I don't tell people what to do, give signals, I interpret the market's language. Beginners can't see the purpose until something clicks and then they know what to do. That's called training. I say where and how to look to find what's necessary to trade and those who do the work have found it.
I do post my trades after I make them. The last trades posted here were Nov-Dec 2015 and mid 2016. Posted realtime. Check those dates on a chart of gold and see how I did. Shortly after the getout in 2016, I wrote that I did not expect a tradable opportunity in precious metals for 18 months to two years on the timescale where algos and market makers are powerless to touch me. We are nearly there. I have not been whipsawed in the ranging during that period.
When I trade, I said I will post it here immediately. Those who have seen how my trades work out in the past seem happy with that, possibly performance has something to do with it.
There are three forward looking techniques I post here regularly. (Not EW which is in the moment though tha features here also) Have you tested them to see what the precious metals do at those times and prices? Do you know what they are? The guest posters also cover certain techniques with real tradable value.
What exactly are you expecting from somebody you don't know, who doesn't owe you anything? The answer should be nothing. But there is far more than that here. There is a whole course in mental preparation for trading together with regular conversation of techniques that really work.
And you blacken my name in troll fashion ..... quoting a fictional Hollywood character ... talking as if you know me. You have plenty of anger today it seems. I hope you got it off your chest and feel better. The apology you owe me - I'll wait until you're ready. The burden is yours to carry until then.
***** I AM ON VACATION *****
I will be back next week ... and yes I am little bit drunk at 8 a clock in the morning
in Marbella in beatiful Spain
and no Argentus is no fool he is the Merlin of markets. The largest part of the puzzle that I am trying to solve.
The big trade has been in securities since 2009, now we wait until a entry point that will then take us to new highs. That's the big trade. The one that made some big money. Volatility has been called hear...and some more to come. No crash coming but the gold trade is not hear yet. Read from years ago..all wrong. some suggested they would sell but that point did not come. How wrong can all be before they go bust. The time will come for Gold and commodities....some big (other) trades out there ...that can take the man in debt to the man who controls their fate.
The fact is many trades are upon us and gold is only one...but still not there. Maybe soon for some and others not. But the Big trade..do not be fooled it's just not gold. Buy the dips is a very dangerous game if you don't know where the dip stops. Guessing games are for the stupidos...the market speaks, but many don't listen.
Gold is not the future, in fact Gold will one day become a non starter. But it will go up and those that have been screaming will say see told you so. by then the other big trades will have made many money.
Tic Toc--entry point coming..How many will see it it s...t in their pants..it will not be what many expect...just enough to re-enter
On page 545 message 10900 you have Silver 16 April as being a turn date. What does it look like now?
hmmm again ...
Sorry, was a bit of a drive by, not really fair... Mea Culpa!
(Felt rather bad about it in retrospect/the morning.)
Just miss "the others"...
Anything other than rearview trades results in "issues", unless they're behind a paywall/shit, was just being unreasonable.
(That is the God's honest truth, soz.)
11:18PM East Coast = 4:18AM UK Time...
(Misdirected invective? Probs.)
Oboma wrote: Gold is not the future, in fact Gold will one day become a non starter.
Gold is not the future, in fact Gold will one day become a non starter.
I am not so sure, Gold is a divine metal, it has a purpose for mankind to serve as money. We even vibrate at the same pace as gold.
From Kentucky's video, wow powerful words:
"The dollar is failing. Millions of people can see at least some of the major signs, such as the collapse of interest rates, record high number of people not counted in the workforce, and debt rising from already-unpayable levels at an accelerating rate.
I am going to share a little bit about myself and my personal motivation. I want to help fix this problem. The alternative, if it’s not fixed, will be a repeat not of 2008 or the inflation of the 1970’s or 1929. It will be a repeat of 476 AD, the collapse of Rome and the known world."
/That guy seems smart no doubt about it, but he needs to get some exercise and loose weight. He could hardly talk without losing his breath. And that is an advise for myself also 117kg ... but I am reasonable athletic lol!
I have just returned from a bit of time off.
The date still stands, as does another a week after.
I'll get charts worked up tonight and post in the morning with more on this.
The point of interest mentioned about 10 weeks ago comes into view, FWIW. Are we nearing a yearly top? A possible W4 top, or WA of 4? A decline in crude prices would appear bearish for gold, and stocks too.
The comics buyers are paying attention after the SJW invasion of their hobby, and as with the gamers before them, they are seeing that SJW activity is across the spectrum of life, not just a little spat in this or that niche.
Now they have observed that anime and manga (in Japan) is getting touched in the cultural war. Also that this is more than merely a left wing of politics oppression of the majority. Both the left and right have their style but both play the same game.
This clip is interesting and has a certain clarity:
It comes from this video by That UmbrellaGuy:
I'm spending a lot of time at the moment just watching social media, mainstream media, alt media, looking at balance and activism and to where the power is being distributed from ruling bodies. It takes a lot of time.
But this is a good time period to look carefully at this imo.