Whatever might happen, will happen in London hours then.
To those in the Americas, sleep on Sunday night with one eye open!
It's A Mystery, an ex-contributor at this thread, has a new article in Koos Janssen's Blog at Bullion Star.
Well worth a read IMO:
Hat tip to Verus nemo for the heads up on Main St on the article.
If we see $1500 gold in the next few months. If we do I won't take credit for the call. Just posting it here for reference. And if we do I'll check back with everyone and provide specifics on how I reached this conclusion.
Also note that the bottom probally is in. Also a reference for future discussion. higher low on the way?
AM posted this. Now if you go back and look to the left of this chart in the 2008 period and closely inspect the pattern closely and look at the right side near 2013 and after you see a very similar pattern. that 2008 showes where we went which was a big ride up. Now i expect we are now at a higher high then back in that time point we could see a much bigger run up then what we saw back then. where does that take us?....use your imagination. Hang on
Gold price in CHF experience on January 15th shows that next bottom in gold in USD may be sharp as knife, 1 hour long at most, and almost impossible to catch except for a lucky order without stops placed around 900-950 USD. And that it will require a seminal surprise event to happen..e.g. like FED increasing rates already on Jan 28-29th meeting.
If I will get my dry powder prior to 28th as I expect I think I will place such a stink order, most likely for silver at 13 USD.
FED increasing rates early will also help to drain more capital from Russia to the USA. And stabilize CHF/USD rate which currently--CHF is valuation is too high. It would also help drive oil prices and ruble lower. So why not try it - at the expense of the rest of the world? USD is the USA most important export its value is better for the USA economy when its higher. It dwarfs all other exports.
Exactly, hence my warning to those in America. These holidays are frequent occasions for decisive moves, up or down, but then we all know that any way. Those who locked in on Friday (me included) may be in a for a bit of a shock.
We are at the next inflection of January 2015. This inflection seems to be connected with the end of month accounting cycle period by a G-V peak which peaks now, but pulls back to an extremely high range and peaks again between 31 Jan and approx 4 Feb. I would associate personal and international violence with the end of month G-V high.
Does this mean that something starts today which will continue until Feb 4? I don't really think so, what is in play started much longer ago than this week as my recent post showed, and at the same time I have no way to know for sure. I think instead today may be a peak which "pauses" the mayhem of recent days (4 x Greek Banks failed, Hedge fund blown up, brokerage company blown up, Swiss currency peg blown through and the FX Swiss Franc crosses revalued) with some final ending event, and after this pause many repercussions return with increased strength.
Since gold tends to lead events a bit, it could be that gold gets the action sooner and the other asset classes get it in two weeks.
That's a lot of speculation about world power-play shakeouts, but while news is a tricky thing to numerate, the market prices should show it pretty clear. The fact is I have vague notions of price change, but the fundamental power change to cause that could take many different forms.
As already mentioned, please exercise great care with stops both for profit protection and for loss prevention.
Anybody know what happened to Gene Arensberg? Someone posted last fall that Gene had fallen ill. Haven't seen a recent post, and nothing since November 17, 2014.
He used to have very interesting COT analysis. Now, his site comes up blank. Sure hope he's OK!
I figured someone here on this thread might know.
Suicide or not? Apparently he told associates his life was in danger just days before ....
Swiss goes NIRP extreme -0.75%. That was unthinkable just a few years ago. Do I feel desperation here? The $ is about to hit the upper end of the trend channel. It will soon retrace and gold will rise for another month or two.
Or that is what I am hoping for, gold at $1500 HUI at 500 by the end of March, that would be nice. We are worth it
AM's spikey end is playing out, now also in the dollar. Some say it is not possible to predict the future, I am not so sure.
No sorry I got carried away, greed always clutter my judgement. Lets say 1375-1420 and 390.
Hilarious! Will Rickards respond?
HUI is dropping so rapidly its not even recording accurately. They need to clean up their computer programming, I think.
I am thinking minimum of 1525; but now more like 1800.
I wonder what the German Constitutional Court will have to say about this?
Meanwhile it's time to draw stops up to a closer place under gold, especially for shorter timeframe EUR traders. Selloff intraday in hand currently.
BUT .... It still seems likely this move up is not yet complete.
Perhaps, but you called this change/inflection point. Many hat tips to you. I don't think we're stopping just yet, but waiting for gold to breach 1280 to the downside, then 1240. WS.
Yes, correct. History doesn't repeat but it rhymes. If we repeat the recovery from 1982, gold will move up by 70% in 3 months, even better with silver, 314% in 8 months. The MACD is almost about to trigger a buysignal.
ECB starts printing in March, 50billion euro per month! They are going to print all the way through 2016
Sorry I jinxed it by my post yesterday :-P should av taken some profit this morning ... we will be back on track soon. Europe took the relay stick from FED and will run through the sound barrier. The Swiss concern was right or they knew I mean.
hunting for $12 silver and below $1000 gold. Maybe it happens but I really doubt it at this point. Looks like central banks cover is blown. But they do have a lot a tricks I must say. Somehow I think the bears will always be bears at any fiat price.
Not a bear at all, just calling the charts and of course I could be wrong. I have physical just like so many here.